Snowflake (SNOW) Operating Expenses (2019 - 2026)
Snowflake (SNOW) posted Operating Expenses of $1.3 billion for Q2 2026, up 6.53% sequentially from $1.2 billion in Q1 2026, and up 9.83% YoY from $1.1 billion in Q2 2025.
Snowflake (SNOW) Operating Expenses (2019 - 2026) Analysis & Trends
Snowflake has reported Operating Expenses for 8 years, with the latest figure at $1.3 billion in Q2 2026.
- Quarterly Operating Expenses rose 9.83% year-over-year to $1.3 billion in Q2 2026, while the trailing twelve-month figure through Apr 2026 was $4.7 billion (up 14.37% YoY) and the FY2026 annual result came in at $4.6 billion, up 18.45% from the prior year.
- Operating Expenses improved to $1.3 billion in Q2 2026 per SNOW's latest filing, from $1.2 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $1.3 billion in Q2 2026 and troughed at $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.
- The sharpest annual moves came in 2023 and 2026: Operating Expenses jumped 55.15% in 2023, then climbed 9.83% in 2026.
- Over 5 years, Operating Expenses stood at $572.3 million in 2022, then soared by 33.81% to $765.8 million in 2023, then climbed by 28.83% to $986.7 million in 2024, then advanced by 16.71% to $1.2 billion in 2025, then climbed by 8.78% to $1.3 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.3 billion, $1.2 billion, and $1.2 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -16.33 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.22 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 12.30 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 1.25 Bn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 4.34 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 3.67 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.54 Bn |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | 875.89 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 |