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Snap SNAP Business Segments — Operating Expenses

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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 us-gaap:OperatingExpenses.

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
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
Other segment items (1)121,7442,894136,246(51,365)
Net loss$(163,960)$(262,570)$(252,911)$(402,157)

Item 1. Financial Statements

FAQ

What is Snap's business segments — operating expenses?
Snap (SNAP) reported business segments — operating expenses of $693.34M in Q2 2026.
How has Snap's business segments — operating expenses changed year-over-year?
Snap's business segments — operating expenses increased by 6.1% year-over-year, from $653.56M to $693.34M.
What is the long-term trend for Snap's business segments — operating expenses?
Over 3 years (2022 to 2025), Snap's business segments — operating expenses has grown at a 1.7% compound annual growth rate (CAGR), from $2.46B to $2.59B.
What does business segments — operating expenses mean?
This encompasses the day-to-day costs of running the business segment, including research and development, sales and marketing, and general administrative functions. It excludes direct cost of revenue items and provides a view of the segment's core operational overhead.

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