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| Date | Value |
|---|---|
| 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 |