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
DateValue
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