Snowflake annual gross margin
2019
2020
2021
2022
2023
2024
2025
2026
Snowflake Gross Margin Growth & History (SNOW)
Snowflake's gross margin was 67.17% for fiscal 2026.
View full Snowflake company overviewSnowflake annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-01-31 | 67.17% | +0.66 pp |
| 2025 | 2025-01-31 | 66.50% | −1.48 pp |
| 2024 | 2024-01-31 | 67.98% | +2.72 pp |
| 2023 | 2023-01-31 | 65.26% | +2.86 pp |
| 2022 | 2022-01-31 | 62.40% | +3.38 pp |
| 2021 | 2021-01-31 | 59.03% | +3.05 pp |
| 2020 | 2020-01-31 | 55.97% | +9.51 pp |
| 2019 | 2019-01-31 | 46.46% | — |
Snowflake quarterly gross margin
Q3.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
Q4.26
Q1.27
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q1 2027 | 2026-04-30 | 66.61% | +0.08 pp |
| Q4 2026 | 2026-01-31 | 66.80% | +0.56 pp |
| Q3 2026 | 2025-10-31 | 67.77% | +1.84 pp |
| Q2 2026 | 2025-07-31 | 67.53% | +0.68 pp |
| Q1 2026 | 2025-04-30 | 66.53% | −0.59 pp |
| Q4 2025 | 2025-01-31 | 66.23% | −2.55 pp |
| Q3 2025 | 2024-10-31 | 65.94% | −2.88 pp |
| Q2 2025 | 2024-07-31 | 66.84% | −0.76 pp |
| Q1 2025 | 2024-04-30 | 67.12% | +0.70 pp |
| Q4 2024 | 2024-01-31 | 68.79% | +3.70 pp |
| Q3 2024 | 2023-10-31 | 68.82% | +3.05 pp |
| Q2 2024 | 2023-07-31 | 67.60% | +2.44 pp |
| Q1 2024 | 2023-04-30 | 66.42% | +1.44 pp |
| Q4 2023 | 2023-01-31 | 65.08% | +0.05 pp |
| Q3 2023 | 2022-10-31 | 65.76% | +1.88 pp |
| Q2 2023 | 2022-07-31 | 65.16% | +4.15 pp |
| Q1 2023 | 2022-04-30 | 64.98% | +7.50 pp |
| Q4 2022 | 2022-01-31 | 65.04% | +8.56 pp |
| Q3 2022 | 2021-10-31 | 63.88% | +5.66 pp |
| Q2 2022 | 2021-07-31 | 61.01% | −1.10 pp |
| Q1 2022 | 2021-04-30 | 57.47% | −3.42 pp |
| Q4 2021 | 2021-01-31 | 56.47% | −3.14 pp |
| Q3 2021 | 2020-10-31 | 58.23% | — |
| Q2 2021 | 2020-07-31 | 62.11% | — |
| Q1 2021 | 2020-04-30 | 60.89% | — |
| Q3 2020 | 2019-10-31 | 59.61% | — |
Snowflake gross margin trends
Over the last five reported fiscal years, Snowflake's gross margin increased from 59.03% to 67.17%, a change of +8.14 percentage points. The latest reported quarter, Q1 2027, shows 66.61%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Snowflake filings at SEC.gov ↗