Snowflake (SNOW) Operating Margin (2019 - 2026)

Snowflake has disclosed Operating Margin across 8 years of filings, most recently posting 17.0% for Q3 2026.

• In Q3 2026, Operating Margin rose 1272.0% year-over-year to 17.0%; the TTM figure through Jul 2026 stood at 22.76% (up 1465.0% YoY), while the FY2026 annual figure was 30.64%, up 951.0% from the prior year.
• Operating Margin came in at 17.0% for Q3 2026 at Snowflake, up from 23.45% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 17.0% in Q3 2026 to a low of 44.69% in Q2 2022.
• Average Operating Margin over 5 years is 36.16%, with a median of 39.19% recorded in 2025.
• Year-over-year, Operating Margin jumped 6560 bps in 2022 and sank 362 bps in 2025.
• Over 5 years, Operating Margin stood at 36.99% in 2022, then gained by 4 bps to 35.5% in 2023, then decreased by 9 bps to 38.79% in 2024, then increased by 30 bps to 27.16% in 2025, then surged by 37 bps to 17.0% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 17.0% in Q3 2026, 23.45% in Q2 2026, and 24.78% in Q1 2026.