Snowflake (SNOW) Gross Margin (2019 - 2026)
Snowflake (SNOW) recorded Gross Margin of 67.02% in fiscal Q2 2027 (quarter ended Jul 31, 2026), down 0.50 percentage points from 67.53% a year earlier but up 0.42 percentage points from the prior quarter.
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Analysis
Snowflake (SNOW) Gross Margin (2019 - 2026) Analysis & Trends
On a TTM basis, Snowflake's Gross Margin came in at 67.03% as of Jul 31, 2026, up 0.43 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it was 67.17%, up 0.66 percentage points from FY2025.
- Annual Gross Margin has a five-year change of +8.14 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, Gross Margin came in at 66.50% in FY2025 (-1.48 pp), 67.98% in FY2024 (+2.72 pp), 65.26% in FY2023 (+2.86 pp) and 62.40% in FY2022 (+3.38 pp).
- Quarterly Gross Margin has ranged from 63.88% in fiscal Q3 2022 to 68.82% in fiscal Q3 2024 over the past five years.
- On a year-over-year basis, Gross Margin rose in four of the last eight quarters, with an average year-over-year change of -0.42 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 8.56 percentage points in fiscal Q4 2022, against a drop of 2.88 percentage points in fiscal Q3 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 66.61% (Q1 2027), 66.80% (Q4 2026) and 67.77% (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 264.75 Bn | 249.82 Bn | 2.30 Bn | 67.57% |
| 2 | CrowdStrike Holdings | 238.93 Bn | 219.33 Bn | 1.10 Bn | 74.57% |
| 3 | Fortinet | 127.84 Bn | 113.77 Bn | 1.64 Bn | 80.24% |
| 4 | Snowflake | 110.22 Bn | 97.54 Bn | 1.04 Bn | 67.02% |
| 5 | Datadog | 89.46 Bn | 71.10 Bn | 881.34 Mn | 78.59% |
| 6 | Zscaler | 33.91 Bn | 20.03 Bn | - | - |
| 7 | Okta | 33.86 Bn | 23.96 Bn | 641.00 Mn | 79.63% |
| 8 | Axon Enterprise | 32.92 Bn | 27.44 Bn | 546.45 Mn | 60.42% |
| 9 | MongoDB | 27.85 Bn | 18.31 Bn | 569.77 Mn | 73.83% |
| 10 | F5 | 25.12 Bn | 19.53 Bn | 711.51 Mn | 82.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 67.02% |
| Apr 30, 2026 | 66.61% |
| Jan 31, 2026 | 66.80% |
| Oct 31, 2025 | 67.77% |
| Jul 31, 2025 | 67.53% |
| Apr 30, 2025 | 66.53% |
| Jan 31, 2025 | 66.23% |
| Oct 31, 2024 | 65.94% |
| Jul 31, 2024 | 66.84% |
| Apr 30, 2024 | 67.12% |
| Jan 31, 2024 | 68.79% |
| Oct 31, 2023 | 68.82% |
| Jul 31, 2023 | 67.60% |
| Apr 30, 2023 | 66.42% |
| Jan 31, 2023 | 65.08% |
| Oct 31, 2022 | 65.76% |
| Jul 31, 2022 | 65.16% |
| Apr 30, 2022 | 64.98% |
| Jan 31, 2022 | 65.04% |
| Oct 31, 2021 | 63.88% |
API Access
Snowflake Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=SNOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "SNOW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=SNOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();