SNOW Snowflake margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 31

Gross margin

67%

Operating margin

-22.8%

EBITDA margin

-13.8%

Net margin

-20.1%

Snowflake shows a gross margin of 67%, an operating margin of -22.8%, an EBITDA margin of -13.8%, and a net margin of -20.1%, although its operating margin is negative at -22.8%, its EBITDA margin is negative at -13.8%, and its net margin is negative at -20.1%. Operating margin headed the improvement across the available margins, gaining by 14.6 percentage points.

SNOW margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Snowflake's margins averaged 67.17% gross, -35.26% operating, -23.8% EBITDA, and -30.35% net. For Snowflake, operating, EBITDA, and net margins are above their three-year averages, while gross margin is below its three-year average.

SNOW margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 0.4 percentage points, operating margin by 14.6 percentage points, EBITDA margin by 13 percentage points, and net margin by 13.4 percentage points, led by operating margin with an increase of 14.6 percentage points.

Gross margin expansion

0.4pp

Operating margin expansion

14.6pp

EBITDA margin expansion

13pp

Net margin expansion

13.4pp

SNOW Gross margin

Reviewing the last 3 years, Snowflake recorded an average gross margin of 67.17%. Snowflake's current gross margin is 67% and is 0.2 percentage points below its three-year average. The highest gross margin for Snowflake was 68.1% in Apr 2024, while the lowest was 66.4% in Apr 2025.

SNOW Operating margin

Across the last 3 years, Snowflake's operating margin averaged -35.26%. Snowflake currently reports an operating margin of -22.8%, 12.5 percentage points above its three-year average. Operating margin was highest at -22.8% in Jul 2026 and lowest at -40.5% in Apr 2025.

SNOW EBITDA margin

Snowflake recorded an average EBITDA margin of -23.8% across the last 3 years. Snowflake currently reports an EBITDA margin of -13.8%, 10 percentage points above its three-year average. Snowflake's EBITDA margin ranged from a low of -29.5% in Apr 2025 to a high of -13.8% in Jul 2026.

SNOW Net margin

Across the last 3 years, Snowflake's net margin averaged -30.35%. The current net margin stands at -20.1%, 10.3 percentage points above its three-year average. Net margin was highest at -20.1% in Jul 2026 and lowest at -36.4% in Apr 2025.

SNOW margin group comparison

Margins compared with peer-group, industry and sector averages

Snowflake's gross margin of 67% is above the Technology sector, the industry and its peers average. Compared to its Technology sector average of 52.4%, Snowflake's gross margin is 28% higher.

SNOW margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Snowflake's gross margin?

For the period ending Jul 31, 2026, SNOW recorded a gross margin of 67%.

What is Snowflake's operating margin?

For the period ending Jul 31, 2026, SNOW recorded an operating margin of -22.8%.

What is Snowflake's EBITDA margin?

The current EBITDA margin for SNOW is -13.8% as of Jul 31, 2026.

What is Snowflake's net margin?

The current net margin for SNOW is -20.1% as of Jul 31, 2026.

What are the average margins of SNOW?

Over the last 3 years, Snowflake's margins averaged 67.2% gross, -35.3% operating, -23.8% EBITDA, and -30.4% net.

What are the highest historical margins of SNOW?

Within the 5-year period, SNOW recorded its highest margins at 68.1% gross in Apr 2024, -22.8% operating in Jul 2026, -13.8% EBITDA in Jul 2026, and -20.1% net in Jul 2026.

What are the lowest historical margins of SNOW?

Snowflake's lowest recorded margins during the past 5 years were 62.4% gross in Jan 2022, -58.6% operating in Jan 2022, -50.8% EBITDA in Jan 2022, and -55.8% net in Jan 2022.