Snowflake (SNOW) Operating Expenses (2019 - 2026)
Snowflake (SNOW) reported Operating Expenses of $1.3 billion for Q2 2026, up 9.83% on a YoY basis from $1.1 billion in Q2 2025, and up 6.53% sequentially from $1.2 billion in Q1 2026.
Snowflake (SNOW) Operating Expenses (2019 - 2026) Analysis & Trends
Snowflake (SNOW) has 8 years of Operating Expenses data on file, last reported at $1.3 billion in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 9.83% year-over-year to $1.3 billion; the trailing twelve-month figure through Apr 2026 stood at $4.7 billion (up 14.37% YoY), and the FY2026 full-year result was $4.6 billion, up 18.45% from the prior year.
- Operating Expenses improved to $1.3 billion in Q2 2026, from $1.2 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.3 billion in Q2 2026 to a low of $401.6 million in Q1 2022.
- A 5-year average of $849.8 million and a median of $856.6 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 55.15% in 2023 and gained 9.83% in 2026, its largest moves.
- Tracing SNOW's Operating Expenses over 5 years: stood at $572.3 million in 2022, then soared by 33.81% to $765.8 million in 2023, then rose by 28.83% to $986.7 million in 2024, then increased by 16.71% to $1.2 billion in 2025, then rose by 8.78% to $1.3 billion in 2026.
- Business Quant data shows SNOW's Operating Expenses at $1.3 billion in Q2 2026, $1.2 billion in Q1 2026, and $1.2 billion in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -269.42 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 1.16 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 11.28 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 6.22 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 2.66 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 4.23 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 1.25 Bn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 1.04 Bn |
| 10 | Datadog | 86.34 Bn | 81.58 Bn | 797.20 Mn | 789.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 1.25 Bn |
| Jan 31, 2026 | 1.18 Bn |
| Oct 31, 2025 | 1.15 Bn |
| Jul 31, 2025 | 1.11 Bn |
| Apr 30, 2025 | 1.14 Bn |
| Jan 31, 2025 | 1.04 Bn |
| Oct 31, 2024 | 986.66 Mn |
| Jul 31, 2024 | 936.05 Mn |
| Apr 30, 2024 | 904.76 Mn |
| Jan 31, 2024 | 808.40 Mn |
| Oct 31, 2023 | 765.85 Mn |
| Jul 31, 2023 | 741.03 Mn |
| Apr 30, 2023 | 687.42 Mn |
| Jan 31, 2023 | 623.11 Mn |
| Oct 31, 2022 | 572.33 Mn |
| Jul 31, 2022 | 531.75 Mn |
| Apr 30, 2022 | 463.21 Mn |
| Jan 31, 2022 | 401.62 Mn |
| Oct 31, 2021 | 370.93 Mn |
| Jul 31, 2021 | 366.22 Mn |