SuperworthSnowflake profit margin SNOW
Gross, operating and net profit as a share of revenue over the last twelve months, from 2020.
- Net margin, 12 months
- −20.1%
- Operating margin, 12 months
- −22.8%
- Net margin on a year earlier
- +13.5 pts
- Peer median
- 20.7%
Over the twelve months to Jul 31, 2026, Snowflake kept −20.1% of its revenue as net profit, with an operating margin of −22.8% and a gross margin of 67.0%.
Five years earlier its net margin was −89.4%.
The median for 10 application software stocks of a similar size is 20.7%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2026 | −28.4% | −30.6% | 67.2% |
| FY2025 | −35.5% | −40.2% | 66.5% |
| FY2024 | −29.8% | −39.0% | 68.0% |
| FY2023 | −38.6% | −40.8% | 65.3% |
| FY2022 | −55.8% | −58.6% | 62.4% |
| FY2021 | −91.1% | −91.9% | 59.0% |
| FY2020 | n/a | n/a | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY27 | −20.1% | +13.5 pts | −22.8% | |
| Q1 FY27 | −23.8% | +12.6 pts | −26.1% | |
| Q4 FY26 | −28.4% | +7.0 pts | −30.6% | |
| Q3 FY26 | −30.8% | +2.3 pts | −34.3% | |
| Q2 FY26 | −33.5% | −1.8 pts | −37.4% | |
| Q1 FY26 | −36.4% | −5.6 pts | −40.5% | |
| Q4 FY25 | −35.5% | −5.7 pts | −40.2% | |
| Q3 FY25 | −33.0% | +0.3 pts | −39.4% | |
| Q2 FY25 | −31.7% | +3.5 pts | −38.7% | |
| Q1 FY25 | −30.8% | +7.0 pts | −38.9% | |
| Q4 FY24 | −29.8% | +8.8 pts | −39.0% | |
| Q3 FY24 | −33.3% | +5.4 pts | −40.4% |
Against its peers
Companies in Software - Application nearest Snowflake's size, closest first, today.
| Company | Profit margin |
|---|---|
| SNOWSnowflake | −20.1% |
| ADPAutomatic Data Processing | 20.1% |
| ADBEAdobe | 28.0% |
| DDOGDatadog | 4.5% |
| UBERUber Technologies | 17.3% |
| INTUIntuit | 21.3% |
| CDNSCadence Design Systems | 23.6% |
| APPAppLovin | 64.6% |
| NOWServiceNow | 11.3% |
| CRMSalesforce | 22.0% |
| SHOPShopify | 14.5% |
| Peer median | 20.7% |
Where Snowflake ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Snowflake
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.