What are Snap's profit margins?

Snap (SNAP) runs a 55.8% gross margin and a -7.6% operating margin, with a -7.5% net margin.

Where do Snap's ratios come from?

Every ratio is computed from Snap's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Snap SNAP Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	55.8%+0.8pp	55%+0.7pp	54.3%+0.5pp	53.8%-0.3pp	54.1%+0.2pp
Operating margin	-7.6%+2.2pp	-9.8%+0.7pp	-10.5%+1.0pp	-11.6%+0.1pp	-11.7%+3.0pp
Net margin	-7.5%+1.1pp	-8.5%+0.2pp	-8.8%+1.1pp	-9.9%-0.1pp	-9.8%+3.4pp
EBITDA margin	-4.8%+2.3pp	-7.1%+0.7pp	-7.8%+1.0pp	-8.8%+0.1pp	-8.9%+2.8pp
Free cash flow margin	10%+2.6pp	7.4%+0.2pp	7.2%+0.2pp	7%+1.6pp	5.3%+1.3pp
Returns
Return on equity	-20.7%+0.7pp	-21.4%+1.4pp	-22.8%+4.1pp	-26.9%-2.5pp	-24.4%+4.7pp
Return on assets	-6%+0.4pp	-6.5%+0.2pp	-6.7%+0.8pp	-7.5%-0.2pp	-7.3%+1.6pp
Return on invested capital	-8.5%+2.0pp	-10.5%+6.1pp	-16.7%+2.1pp	-18.7%-0.9pp	-17.8%+5.1pp
Efficiency
Asset turnover	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.7×+0.1×
Liquidity
Current ratio	3.5×0.0×	3.6×-0.1×	3.7×-0.2×	3.9×-0.4×	4.3×+0.4×
Quick ratio	3.5×0.0×	3.6×-0.1×	3.7×-0.2×	3.9×-0.4×	4.3×+0.4×
Cash ratio	0.9×+0.1×	0.8×0.0×	0.8×-0.1×	0.8×0.0×	0.9×0.0×
Leverage
Debt-to-equity	2×+0.2×	1.8×0.0×	1.9×-0.2×	2×+0.2×	1.8×+0.1×
Debt-to-assets	0.6×0.0×	0.5×0.0×	0.5×0.0×	0.6×0.0×	0.6×0.0×
Interest coverage	-3.4×+1.4×	-4.8×+1.9×	-6.7×+3.8×	-10.4×+5.7×	-16.1×+20.4×
Per Share
Book value per share	$1.24-8.3%	$1.35+2.5%	$1.31+6.3%	$1.24-9.3%	$1.36-7.8%
Valuation
Market capitalization	$7.77B-44.0%	$13.88B+6.5%	$13.03B-6.3%	$13.9B-5.9%	$14.78B-18.2%
Enterprise value	$10.91B-35.8%	$16.99B+4.7%	$16.23B-5.5%	$17.17B-5.0%	$18.07B-15.0%
Price / sales	1.3×-1.1×	2.3×+0.1×	2.3×-0.2×	2.5×-0.2×	2.7×-0.7×
Price / book	3.7×-2.4×	6.1×+0.2×	5.8×-0.9×	6.7×+0.3×	6.4×-1.0×
EV / sales	1.8×-1.1×	2.9×+0.1×	2.8×-0.2×	3×-0.2×	3.3×-0.7×
Free cash flow yield	7.8%+4.7pp	3.2%0.0pp	3.2%+0.4pp	2.8%+0.8pp	2%+0.8pp
Earnings yield	-5.9%-2.2pp	-3.6%+0.2pp	-3.9%+0.1pp	-4%-0.3pp	-3.7%+0.2pp

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Questions, answered.

What are Snap's profit margins?: Snap (SNAP) runs a 55.8% gross margin and a -7.6% operating margin, with a -7.5% net margin.
Where do Snap's ratios come from?: Every ratio is computed from Snap's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.