Snowflake (SNOW) Net Margin (2019 - 2026)
Snowflake (SNOW) reported Net Margin of 21.25% for Q2 2026, up 2001.0% on a YoY basis from 1.01% in Q2 2025, and up 11.86% sequentially from 24.11% in Q1 2026.
Snowflake (SNOW) Net Margin (2019 - 2026) Analysis & Trends
Snowflake (SNOW) has 8 years of Net Margin data on file, last reported at 21.25% in Q2 2026.
- For the quarter ending Q2 2026, Net Margin rose 2001.0% year-over-year to 21.25%; the trailing twelve-month figure through Apr 2026 stood at 23.74% (up 1276.0% YoY), and the FY2026 full-year result was 28.37%, up 718.0% from the prior year.
- Net Margin improved to 21.25% in Q2 2026, from 24.11% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 21.25% in Q2 2026 to a low of 44.81% in Q3 2022.
- A 5-year average of 32.8% and a median of 34.62% in 2022 frame the typical range for Net Margin.
- Across the five-year window, Net Margin soared 7001 bps in 2022 and tumbled 1108 bps in 2025, its largest moves.
- Tracing SNOW's Net Margin over 5 years: stood at 36.16% in 2022, then rose by 19 bps to 29.24% in 2023, then decreased by 19 bps to 34.81% in 2024, then surged by 31 bps to 24.04% in 2025, then rose by 12 bps to 21.25% in 2026.
- Business Quant data shows SNOW's Net Margin at 21.25% in Q2 2026, 24.11% in Q1 2026, and 24.04% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | -18.33% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 2.29% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 18.93% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 7.47% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 22.90% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -21.25% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 22.77% |
| 10 | Datadog | 86.34 Bn | 81.58 Bn | 797.20 Mn | 5.22% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jul 31, 2021 | -69.70% |