Snowflake (SNOW) Net Margin (2019 - 2026)

Snowflake (SNOW) posted Net Margin of 21.25% for Q2 2026, up 11.86% sequentially from 24.11% in Q1 2026, and up 2001.0% YoY from 1.01% in Q2 2025.

Snowflake (SNOW) Net Margin (2019 - 2026) Analysis & Trends

Snowflake has reported Net Margin for 8 years, with the latest figure at 21.25% in Q2 2026.

Quarterly Net Margin rose 2001.0% year-over-year to 21.25% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 23.74% (up 1276.0% YoY) and the FY2026 annual result came in at 28.37%, up 718.0% from the prior year.
Net Margin improved to 21.25% in Q2 2026 per SNOW's latest filing, from 24.11% in the prior quarter.
Over five years, Net Margin peaked at 21.25% in Q2 2026 and troughed at 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.
The sharpest annual moves came in 2022 and 2025: Net Margin surged 7001 bps in 2022, then sank 1108 bps in 2025.
Over 5 years, Net Margin stood at 36.16% in 2022, then climbed by 19 bps to 29.24% in 2023, then declined by 19 bps to 34.81% in 2024, then surged by 31 bps to 24.04% in 2025, then climbed by 12 bps to 21.25% in 2026.
According to Business Quant data, Net Margin over the past three periods registered 21.25%, 24.11%, and 24.04% for Q2 2026, Q1 2026, and Q4 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Qtr)
1	Sap Se	255.48 Bn	234.41 Bn	16.51 Bn	21.16%
2	Shopify	198.95 Bn	194.00 Bn	1.71 Bn	41.92%
3	Salesforce	160.70 Bn	148.86 Bn	8.56 Bn	18.93%
4	Uber Technologies	154.94 Bn	149.73 Bn	6.38 Bn	17.17%
5	ServiceNow	128.25 Bn	123.58 Bn	2.82 Bn	7.47%
6	Snowflake	114.00 Bn	111.05 Bn	926.45 Mn	-21.25%
7	Automatic Data Processing	108.58 Bn	104.35 Bn	2.51 Bn	17.88%
8	Adobe	105.34 Bn	99.72 Bn	5.90 Bn	25.87%
9	Intuit	94.55 Bn	87.77 Bn	7.24 Bn	35.80%
10	Datadog	91.70 Bn	86.71 Bn	881.34 Mn	3.97%

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