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Snowflake SNOW Operating margin

Operating margin at other companies

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LiveRamp Holdings, Inc.RAMP
10.3%
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MicrosoftMSFT
46.8%+1.2pp
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TeradataTDC
6.1%-7.2pp
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AmazonAMZN
12.1%+0.7pp
Palantir Technologies Inc. logo
Palantir Technologies Inc.PLTR
42.8%+26.2pp
Oracle logo
OracleORCL
30.6%-0.2pp

Other financials

Income statement

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Revenue$1.4B+33.5%
Gross profit$926.5M+33.6%
Operating income-$326.2M+27.1%
Net income-$295.6M+31.3%
EPS (diluted)-$0.86+33.3%

Balance sheet

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Cash & equivalents$2.1B-8.2%
Total debt$490.2M+18.4%
Total equity$1.9B-19.4%
Total assets$8.6B+4.9%

Cash flow

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Operating cash flow$243.2M+6.5%
CapEx$10.5M-76.8%
Free cash flow$232.8M+26.9%

Valuation

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Market cap$101.65B+46.1%
Enterprise value$100.01B+47.0%
P/S20.2×+3.3×

Profitability

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Gross margin67.1%+0.8pp
Net margin-23.8%-6.1pp
FCF margin23.2%+3.5pp

Returns & leverage

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Return on equity-55.1%+32.5pp
Debt / equity0.3×+0.1×
Current ratio1.1×-0.5×

Where this comes from

Calculated from Snowflake’s reported figures.

Based on trailing twelve months.

The source filing: Snowflake’s 10-Q, filed May 29, 2026. Open the filing →

Filed
May 29, 2026, 4:04 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001640147-26-000030

FAQ

What is Snowflake's operating margin?
Snowflake (SNOW) reported operating margin of -26.1% in Q1 2026.
How has Snowflake's operating margin changed year-over-year?
Snowflake's operating margin increased by 35.5% year-over-year, from -40.5% to -26.1%.
What is the long-term trend for Snowflake's operating margin?
Over 5 years (2021 to 2026), Snowflake's operating margin has grown at a -19.7% compound annual growth rate (CAGR), from -91.9% to -30.6%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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