Snowflake (SNOW) Net Margin (2019 - 2026)
Snowflake recorded quarterly Net Margin of 24.11% in Q1 2026, little changed quarter-over-quarter from 24.04% in Q4 2025, and up 890.0% year-over-year from 2.44% in Q1 2025.
Snowflake's Net Margin history runs 8 years deep, the most recent figure standing at 24.11% for Q1 2026.
- In Q1 2026, Net Margin rose 890.0% year-over-year to 24.11%; the TTM figure through Jan 2026 stood at 28.37% (up 718.0% YoY), while the FY2026 annual figure was 28.37%, up 718.0% from the prior year.
- Net Margin came in at 24.11% for Q1 2026 at Snowflake, roughly flat from 24.04% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 21.93% in Q1 2024 to a low of 44.81% in Q3 2022.
- A 5-year average of 33.48% and a median of 34.81% in 2024 frame the typical range for Net Margin.
- Across the five-year window, Net Margin jumped 7001 bps in 2022 and plunged 1108 bps in 2025, its largest moves.
- Snowflake's Net Margin stood at 36.16% in 2022, then advanced by 19 bps to 29.24% in 2023, then dropped by 19 bps to 34.81% in 2024, then jumped by 31 bps to 24.04% in 2025, then declined by 0 bps to 24.11% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 24.11%, 24.04%, and 26.02% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 20.22% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 17.47% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 2.29% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | -18.33% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 12.44% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 22.77% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 29.52% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 22.90% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 35.80% |
| 10 | Snowflake | 58.12 Bn | 54.92 Bn | 857.66 Mn | -24.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jul 31, 2021 | -69.70% |
| Apr 30, 2021 | -88.78% |
| Jan 31, 2021 | -104.45% |
| Oct 31, 2020 | -105.80% |
| Jul 31, 2020 | -58.31% |
| Apr 30, 2020 | -86.06% |
| Jan 31, 2020 | -94.94% |
| Oct 31, 2019 | -120.61% |