Snowflake (SNOW) Net Margin (2019 - 2026)
Snowflake's (SNOW) quarterly Net Margin came in at 21.25% in Q2 2026, up 2001.0% year-on-year from 1.01% in Q2 2025, and up 11.86% quarter-over-quarter from 24.11% in Q1 2026.
Snowflake (SNOW) Net Margin (2019 - 2026) Analysis & Trends
Snowflake has disclosed Net Margin across 8 years of filings, most recently posting 21.25% for Q2 2026.
- Net Margin for Q2 2026 came in at 21.25%, up 2001.0% year-over-year; the trailing twelve-month figure through Apr 2026 was 23.74% (up 1276.0% YoY), and the FY2026 annual result was 28.37%, up 718.0% from the prior year.
- Net Margin came in at 21.25% for Q2 2026 at Snowflake, up 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.
- The 5-year median for Net Margin is 34.62% (2022), against an average of 32.8%.
- Across the five-year window, Net Margin soared 7001 bps in 2022 and sank 1108 bps in 2025, its largest moves.
- Snowflake's 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 gained by 12 bps to 21.25% in 2026.
- The last three Net Margin figures came in at 21.25% (Q2 2026), 24.11% (Q1 2026), and 24.04% (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 2.29% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | -18.33% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 18.74% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 22.77% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 12.44% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 22.90% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 25.87% |
| 10 | Snowflake | 82.57 Bn | 79.61 Bn | 926.45 Mn | -21.25% |
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% |