Snowflake (SNOW) Operating Expenses (2019 - 2026)
Snowflake's (SNOW) quarterly Operating Expenses came in at $1.3 billion in Q3 2026, up 16.73% year-over-year from $1.1 billion in Q3 2025, and up 3.76% quarter-over-quarter from $1.3 billion in Q2 2026.
Analysis
Snowflake (SNOW) Operating Expenses (2019 - 2026) Analysis & Trends
Snowflake has disclosed Operating Expenses across 8 years of filings, most recently posting $1.3 billion for Q3 2026.
- In Q3 2026, Operating Expenses rose 16.73% year-over-year to $1.3 billion; the TTM figure through Jul 2026 stood at $4.9 billion (up 13.99% YoY), while the FY2026 annual figure was $4.6 billion, up 18.45% from the prior year.
- Operating Expenses came in at $1.3 billion for Q3 2026 at Snowflake, up from $1.3 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.3 billion in Q3 2026 to a low of $401.6 million in Q1 2022.
- Average Operating Expenses over 5 years is $873.5 million, with a median of $904.8 million recorded in 2024.
- Year-over-year, Operating Expenses soared 55.15% in 2023 and advanced 9.83% in 2026.
- Over 5 years, Operating Expenses stood at $572.3 million in 2022, then jumped by 33.81% to $765.8 million in 2023, then gained by 28.83% to $986.7 million in 2024, then rose by 16.71% to $1.2 billion in 2025, then advanced by 12.87% to $1.3 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $1.3 billion in Q3 2026, $1.3 billion in Q2 2026, and $1.2 billion in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Snowflake | 118.87 Bn | 116.53 Bn | 1.04 Bn | 1.30 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 1.30 Bn |
| 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 |