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Snap SNAP Business Segments — Infrastructure costs

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Other financials

Income statement

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Revenue$1.6B+18.9%
Gross profit$931.1M+34.6%
Operating income-$170.7M+34.3%
Net income-$164.0M+37.6%
EPS (diluted)-$0.10+37.5%

Balance sheet

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Cash & equivalents$958.8M+3.6%
Total debt$4.2B+0.8%
Total equity$1.9B-6.9%
Total assets$7.5B+1.0%

Cash flow

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Operating cash flow$176.2M+99.1%
CapEx$55.7M-13.9%
Free cash flow$120.5M+407%

Valuation

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Market cap$9.01B-31.4%
Enterprise value$12.28B-25.2%
P/S1.4×-0.9×

Profitability

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Gross margin57.3%+3.5pp
Operating margin-5.9%-1.9pp
Net margin-5.6%-1.7pp
FCF margin11.1%+4.1pp

Returns & leverage

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Return on equity-17.8%-4.5pp
Debt / equity2.2×+0.2×
Current ratio2.9×-0.9×

Where this comes from

Reported directly by Snap in its filing.

Tagged under the XBRL concept snap:InfrastructureCosts.

The source filing: Snap’s 10-Q, filed August 4, 2026.

Filed
Aug 3, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001564408-26-000052
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenue$1,598,993$1,344,930$3,127,784$2,708,147
Less:
Infrastructure costs403,464393,257804,698769,825
Content and developer partner costs115,112152,432250,133313,336
Advertising partner and other costs137,459104,409263,330203,560
Operating expenses693,343653,5621,326,6751,271,731
Stock-based compensation and related payroll and other tax expense246,232260,923509,318525,479
Depreciation and amortization45,59940,02390,29577,738

Item 1. Financial Statements

FAQ

What is Snap's business segments — infrastructure costs?
Snap (SNAP) reported business segments — infrastructure costs of $403.46M in Q2 2026.
How has Snap's business segments — infrastructure costs changed year-over-year?
Snap's business segments — infrastructure costs increased by 2.6% year-over-year, from $393.26M to $403.46M.
What is the long-term trend for Snap's business segments — infrastructure costs?
Over 3 years (2022 to 2025), Snap's business segments — infrastructure costs has grown at a 24.6% compound annual growth rate (CAGR), from $818.55M to $1.58B.
What does business segments — infrastructure costs mean?
These are the direct costs associated with maintaining the technical infrastructure required to deliver the company's services, including cloud hosting, data storage, and network bandwidth. These costs are essential for supporting the daily active user base and platform uptime.

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