Snowflake Inc. (SNOW) Income Statement
SNOW FY2026 at a glance
Fiscal year ended January 31, 2026 · U.S. dollarsSNOW revenue and net income
Where SNOW's revenue goes
FY2026Each bar shows an amount and its share of revenue. SNOW kept −28.4% of revenue as net income.
SNOW profit margins
SNOW growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +29.2% | +31.4% | +51.2% | +24.4% |
| Gross profit | +30.5% | +32.6% | +55.2% | +19.6% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | +53.7% | +71.5% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SNOW quarterly EPS vs estimates
Snowflake beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: December 2, 2026 (estimate $-0.32).
SNOW income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.68B | $3.63B | $2.81B | $2.07B | $1.22B | $592.0M | $264.7M | $96.7M | $570.9M | $587.6M |
| Cost of revenue | $1.54B | $1.21B | $898.6M | $717.5M | $458.4M | $242.6M | $116.6M | $51.8M | $474.5M | $492.9M |
| Gross profit | $3.15B | $2.41B | $1.91B | $1.35B | $760.9M | $349.5M | $148.2M | $44.9M | $613.2M | $589.9M |
| Research & development | $1.97B | $1.78B | $1.29B | $788.1M | $466.9M | $237.9M | $105.2M | $68.7M | — | — |
| Sales, general & admin | $2.61B | $2.08B | $1.71B | $1.40B | $1.01B | $655.5M | $401.1M | $161.7M | — | — |
| Total operating expenses | $4.58B | $3.87B | $3.00B | $2.19B | $1.48B | $893.4M | $506.3M | $230.4M | $474.5M | $492.9M |
| Operating income | −$1.44B | −$1.46B | −$1.09B | −$842.3M | −$715.0M | −$543.9M | −$358.1M | −$185.5M | $78.7M | $35.6M |
| Interest income | $190.6M | $209.0M | $200.7M | $73.8M | $9.1M | $7.5M | $11.6M | $8.8M | — | — |
| Interest expense | $8.3M | $2.8M | $0 | $73.8M | $38.1M | $6.9M | $10.5M | $0 | $0 | $0 |
| Income before taxes | −$1.31B | −$1.29B | −$849.2M | −$816.0M | −$677.0M | −$537.0M | −$347.5M | −$177.2M | — | — |
| Income taxes | $19.7M | $4.1M | −$11.2M | −$18.5M | $3.0M | $2.1M | $993,000 | $820,000 | $6.5M | −$2.8M |
| Net income | −$1.33B | −$1.29B | −$836.1M | −$796.7M | −$679.9M | −$539.1M | −$348.5M | −$178.0M | $40.9M | −$6.9M |
| EBITDA | −$1.08B | −$1.10B | −$729.3M | −$752.5M | −$655.5M | −$534.1M | −$354.6M | −$184.1M | $142.4M | $97.8M |
| EPS (diluted) | $1.26 | $0.82 | $0.97 | $0.25 | $0.01 | −$1.77 | −$1.25 | −$0.75 | $0.17 | −$0.03 |
| Gross margin | 67.2% | 66.5% | 68.0% | 65.3% | 62.4% | 59.0% | 56.0% | 46.5% | 107.4% | 100.4% |
| Operating margin | −30.6% | −40.2% | −39.0% | −40.8% | −58.6% | −91.9% | −135.3% | −191.9% | 13.8% | 6.1% |
| Net margin | −28.4% | −35.5% | −29.8% | −38.6% | −55.8% | −91.1% | −131.6% | −184.2% | 7.2% | −1.2% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.55B | $1.39B | $1.28B | $1.21B | $1.14B | $1.04B | $986.8M | $942.1M | $868.8M | $828.7M | $774.7M | $734.2M |
| Cost of revenue | $510.1M | $464.5M | $426.3M | $390.9M | $371.8M | $348.8M | $333.2M | $320.9M | $288.1M | $272.5M | $241.8M | $228.9M |
| Gross profit | $1.04B | $926.5M | $857.7M | $822.0M | $773.2M | $693.3M | $653.6M | $621.2M | $580.7M | $556.2M | $532.9M | $505.2M |
| Research & development | $567.5M | $534.9M | $511.0M | $494.0M | $492.0M | $472.4M | $492.5M | $442.4M | $437.7M | $410.8M | $364.5M | $332.1M |
| Sales, general & admin | $732.2M | $717.7M | $664.8M | $657.5M | $621.4M | $668.1M | $547.8M | $544.2M | $498.4M | $494.0M | $443.9M | $433.8M |
| Total operating expenses | $1.30B | $1.25B | $1.18B | $1.15B | $1.11B | $1.14B | $1.04B | $986.7M | $936.0M | $904.8M | $808.4M | $765.8M |
| Operating income | −$263.0M | −$326.2M | −$318.2M | −$329.5M | −$340.3M | −$447.3M | −$386.7M | −$365.5M | −$355.3M | −$348.6M | −$275.5M | −$260.6M |
| Interest income | $42.0M | $41.1M | $42.4M | $45.5M | $49.5M | $53.2M | $56.3M | $48.7M | $49.3M | $54.8M | $53.8M | $53.5M |
| Interest expense | $2.1M | $2.1M | $2.1M | $2.1M | $2.1M | $2.1M | $2.1M | $689,000 | $0 | $0 | — | $0 |
| Income before taxes | −$188.3M | −$296.7M | −$301.9M | −$287.9M | −$297.9M | −$424.2M | −$330.1M | −$326.0M | −$314.0M | −$315.1M | −$174.2M | −$211.3M |
| Income taxes | $3.4M | −$1.1M | $7.7M | $3.7M | $62,000 | $5.7M | −$4.3M | $1.9M | $3.8M | $2.7M | −$4.3M | $3.4M |
| Net income | −$191.7M | −$295.6M | −$309.6M | −$294.0M | −$298.0M | −$430.1M | −$327.5M | −$324.3M | −$316.9M | −$317.0M | −$169.4M | −$214.3M |
| EBITDA | −$117.6M | −$227.0M | −$299.8M | −$228.0M | −$241.0M | −$373.3M | −$277.9M | −$278.2M | −$268.9M | −$274.9M | −$139.2M | −$178.8M |
| EPS (diluted) | −$0.44 | $0.39 | $0.32 | $0.35 | $0.35 | $0.24 | $0.30 | $0.20 | $0.18 | $0.14 | $0.35 | $0.25 |
| Gross margin | 67.0% | 66.6% | 66.8% | 67.8% | 67.5% | 66.5% | 66.2% | 65.9% | 66.8% | 67.1% | 68.8% | 68.8% |
| Operating margin | −17.0% | −23.4% | −24.8% | −27.2% | −29.7% | −42.9% | −39.2% | −38.8% | −40.9% | −42.1% | −35.6% | −35.5% |
| Net margin | −12.4% | −21.2% | −24.1% | −24.2% | −26.0% | −41.3% | −33.2% | −34.4% | −36.5% | −38.3% | −21.9% | −29.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SNOW's financial statements (latest annual report filed March 20, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SNOW financial results
In fiscal year 2026 (ended January 31, 2026), Snowflake reported revenue of $4.7 billion, up 29.2% from the year before. It had a net loss of $1.3 billion, a net profit margin of −28.4%. Diluted earnings per share came to $1.26. Over five years revenue grew at an average rate of 51.2% a year.
See the SNOW stock overview for the latest quote and news, or the SNOW chart for price history and technical indicators.
SNOW income statement FAQ
What is Snowflake's annual revenue?
Snowflake reported total revenue of $4.7 billion for fiscal year 2026, which ended on January 31, 2026. That was up 29.2% from $3.6 billion the previous year.
Is Snowflake profitable?
No. Snowflake reported a net loss of $1.3 billion in fiscal 2026, a net profit margin of −28.4%; its operating margin was −30.6%.
What is Snowflake's gross margin?
Snowflake's gross margin was 67.2% in fiscal 2026: for every $100 of revenue, Snowflake kept $67 after the direct cost of its products and services.
How much does Snowflake spend on research and development?
Snowflake spent $2.0 billion on research and development in fiscal 2026, 42.0% of revenue.
How fast is Snowflake growing?
Revenue grew 51.2% a year on average over the last five fiscal years, from $592.0 million to $4.7 billion.
What are Snowflake's earnings per share?
Snowflake earned $1.26 per diluted share in fiscal 2026, compared with $0.82 a year earlier.
When will Snowflake report its next earnings?
Snowflake is expected to report results for the quarter ending October 31, 2026 on December 2, 2026 after the market closes.
When does Snowflake's fiscal year end?
Snowflake's fiscal year ends in January. The latest annual report covers the year ended January 31, 2026 and was filed on March 20, 2026.