Snowflake (SNOW) Net Margin (2019 - 2026)
Snowflake's (SNOW) quarterly Net Margin came in at 12.39% in Q3 2026, up 1363.0% year-over-year from 0.85% in Q3 2025, and up 41.67% quarter-over-quarter from 21.25% in Q2 2026.
Powered by 
Analysis
Snowflake (SNOW) Net Margin (2019 - 2026) Analysis & Trends
Snowflake has disclosed Net Margin across 8 years of filings, most recently posting 12.39% for Q3 2026.
- In Q3 2026, Net Margin rose 1363.0% year-over-year to 12.39%; the TTM figure through Jul 2026 stood at 20.03% (up 1354.0% YoY), while the FY2026 annual figure was 28.37%, up 718.0% from the prior year.
- Net Margin came in at 12.39% for Q3 2026 at Snowflake, up from 21.25% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 12.39% in Q3 2026 to a low of 44.81% in Q3 2022.
- Average Net Margin over 5 years is 31.73%, with a median of 34.44% recorded in 2022.
- Year-over-year, Net Margin jumped 7001 bps in 2022 and plunged 1108 bps in 2025.
- Over 5 years, Net Margin stood at 36.16% in 2022, then gained by 19 bps to 29.24% in 2023, then slipped by 19 bps to 34.81% in 2024, then soared by 31 bps to 24.04% in 2025, then jumped by 48 bps to 12.39% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 12.39% in Q3 2026, 21.25% in Q2 2026, and 24.11% in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | -8.27% |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 0.36% |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 29.55% |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | -12.39% |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 3.97% |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 3.25% |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 5.30% |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 14.41% |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | 7.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | -12.39% |
| Apr 30, 2026 | -21.25% |
| Jan 31, 2026 | -24.11% |
| Oct 31, 2025 | -24.04% |
| Jul 31, 2025 | -26.02% |
| Apr 30, 2025 | -41.26% |
| Jan 31, 2025 | -33.01% |
| Oct 31, 2024 | -34.81% |
| Jul 31, 2024 | -36.57% |
| Apr 30, 2024 | -38.35% |
| Jan 31, 2024 | -21.93% |
| Oct 31, 2023 | -29.24% |
| Jul 31, 2023 | -33.73% |
| Apr 30, 2023 | -36.25% |
| Jan 31, 2023 | -35.23% |
| Oct 31, 2022 | -36.16% |
| Jul 31, 2022 | -44.81% |
| Apr 30, 2022 | -39.25% |
| Jan 31, 2022 | -34.44% |
| Oct 31, 2021 | -46.30% |
API Access
Snowflake Net 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=net-margin&ticker=SNOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=SNOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();