Growth Metrics

Snowflake (SNOW) Net Margin (2019 - 2026)

Snowflake (SNOW) has disclosed Net Margin for 8 consecutive years, with 24.11% as the latest value for Q1 2026.

  • Quarterly Net Margin rose 890.0% to 24.11% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 28.37% through Jan 2026, up 718.0% year-over-year, with the annual reading at 28.37% for FY2026, 718.0% up from the prior year.
  • Net Margin hit 24.11% in Q1 2026 for 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.
  • Historically, Net Margin has averaged 33.48% across 5 years, with a median of 34.81% in 2024.
  • Biggest five-year swings in Net Margin: surged 7001bps in 2022 and later plummeted -1108bps in 2025.
  • Year by year, Net Margin stood at 36.16% in 2022, then rose by 19bps to 29.24% in 2023, then decreased by -19bps to 34.81% in 2024, then surged by 31bps to 24.04% in 2025, then fell by 0bps to 24.11% in 2026.
  • Business Quant data shows Net Margin for SNOW at 24.11% in Q1 2026, 24.04% in Q4 2025, and 26.02% in Q3 2025.