Snowflake (SNOW) Operating Leases (2020 - 2026)

Snowflake's (SNOW) quarterly Operating Leases came in at $434.4 million in Q2 2026, up 15.21% year-on-year from $377.1 million in Q2 2025, and up 5.52% quarter-over-quarter from $411.7 million in Q1 2026.

Snowflake (SNOW) Operating Leases (2020 - 2026) Analysis & Trends

Snowflake has disclosed Operating Leases across 7 years of filings, most recently posting $434.4 million for Q2 2026.

  • Operating Leases for Q2 2026 came in at $434.4 million, up 15.21% year-over-year; the trailing twelve-month figure through Apr 2026 was $434.4 million (up 15.21% YoY), and the FY2026 annual result was $411.7 million, up 8.96% from the prior year.
  • Operating Leases came in at $434.4 million for Q2 2026 at Snowflake, up from $411.7 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $434.4 million in Q2 2026 to a low of $179.3 million in Q2 2022.
  • The 5-year median for Operating Leases is $258.5 million (2023), against an average of $288.0 million.
  • Across the five-year window, Operating Leases fell 2.0% in 2022 and soared 52.35% in 2025, its largest moves.
  • Snowflake's Operating Leases stood at $225.0 million in 2022, then gained by 12.45% to $253.0 million in 2023, then gained by 13.77% to $287.9 million in 2024, then climbed by 27.71% to $367.7 million in 2025, then advanced by 18.16% to $434.4 million in 2026.
  • The last three Operating Leases figures came in at $434.4 million (Q2 2026), $411.7 million (Q1 2026), and $367.7 million (Q4 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn -
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn
10 Snowflake 82.57 Bn 79.61 Bn 926.45 Mn

Historic Data

Download Data
DateValue
Apr 30, 2026 434.41 Mn
Jan 31, 2026 411.69 Mn
Oct 31, 2025 367.66 Mn
Jul 31, 2025 378.55 Mn
Apr 30, 2025 377.07 Mn
Jan 31, 2025 377.82 Mn
Oct 31, 2024 287.88 Mn
Jul 31, 2024 279.97 Mn
Apr 30, 2024 247.50 Mn
Jan 31, 2024 254.04 Mn
Oct 31, 2023 253.03 Mn
Jul 31, 2023 263.01 Mn
Apr 30, 2023 225.65 Mn
Jan 31, 2023 224.36 Mn
Oct 31, 2022 225.01 Mn
Jul 31, 2022 215.15 Mn
Apr 30, 2022 179.25 Mn
Jan 31, 2022 181.20 Mn
Oct 31, 2021 178.70 Mn
Jul 31, 2021 174.26 Mn