SNAP Snap margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 45

Gross margin

59.1%

Operating margin

-1.8%

EBITDA margin

2.8%

Net margin

-2.3%

Snap shows its operating margin is negative at -1.8%, and its net margin is negative at -2.3%, with a gross margin of 59.1%, an operating margin of -1.8%, an EBITDA margin of 2.8%, and a net margin of -2.3%. All measured margins increased year over year, led by operating margin with an increase of 8.7 percentage points.

SNAP margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Snap recorded average margins of 54.73% gross, -14.49% operating, -8.77% EBITDA, and -13.36% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.

SNAP margin expansion

Year-over-year margin changes in percentage points

The biggest expansion was in operating margin, which rose by 8.7 percentage points. The other available margins also improved.

Gross margin expansion

4.8pp

Operating margin expansion

8.7pp

EBITDA margin expansion

6.7pp

Net margin expansion

6.3pp

SNAP Gross margin

In the last 3 years, Snap had an average gross margin of 54.73%. Against its three-year average, Snap's gross margin is currently 59.1%, 4.4 percentage points above its three-year average. Looking back over the last 3 years, Snap's gross margin reached 59.1% at its highest point in Sep 2026 and 53% at its lowest in Jun 2024.

SNAP Operating margin

Across the last 3 years, Snap's operating margin came to -14.49%. Compared with its three-year average, Snap's current operating margin is -1.8% and is 12.7 percentage points above its three-year average. Operating margin was highest at -1.8% in Sep 2026 and lowest at -30.4% in Dec 2023.

SNAP EBITDA margin

The average EBITDA margin for Snap was -8.77% across the past 3 years. As of the latest period, Snap's current EBITDA margin is 2.8%, which is 11.6 percentage points above its three-year average. The EBITDA margin for Snap moved between -24% in Dec 2023 and 2.8% in Sep 2026.

SNAP Net margin

Over the last 3 years, the average net margin for Snap was -13.36%. At present, the current net margin for Snap is -2.3%, 11.1 percentage points above its three-year average. Snap's net margin ranged from a low of -28.7% in Dec 2023 to a high of -2.3% in Sep 2026.

SNAP margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 59.1%, SNAP is above the Technology sector average but below the industry average. Compared to its Technology sector average of 52.5%, Snap's gross margin is 13% higher.

SNAP margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Snap's gross margin?

The current gross margin for SNAP is 59.1% as of Sep 30, 2026.

What is Snap's operating margin?

As of Sep 30, 2026, SNAP has a negative operating margin of -1.8%.

What is Snap's EBITDA margin?

The current EBITDA margin for SNAP is 2.8% as of Sep 30, 2026.

What is Snap's net margin?

The current net margin for SNAP is -2.3% as of Sep 30, 2026.

What are the average margins of SNAP?

Snap's average margins over the last 3 years were 54.7% gross, -14.5% operating, -8.8% EBITDA, and -13.4% net.

What are the highest historical margins of SNAP?

Snap's highest recorded margins during the past 5 years were 61.2% gross in Sep 2022, -1.8% operating in Sep 2026, 2.8% EBITDA in Sep 2026, and -2.3% net in Sep 2026.

What are the lowest historical margins of SNAP?

In the last 5 years, the lowest margins reported by SNAP were 53% gross in Jun 2024, -33.3% operating in Jun 2023, -25.6% EBITDA in Dec 2022, and -31.1% net in Dec 2022.