Snowflake Quarterly Income Statement
NYSE: SNOWTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Snowflake revenue and earnings
In the quarter ended Jul 31, 2026, Snowflake generated $1.55 billion in revenue, up 35.1% from the same quarter a year earlier. Snowflake reported a net loss of $191.7 million, compared with a loss of $298.0 million a year earlier. Gross margin was 67.0% (down from 67.5%) and operating margin -17.0%.
Diluted earnings per share came in at -$0.55.
Summary generated from market data by MetaCap's automated system. Methodology
Snowflake income statement (quarterly)
| Quarter (USD) | Q2 20272026-07-31 | Q1 20272026-04-30 | Q4 20262026-01-31 | Q3 20262025-10-31 | Q2 20262025-07-31 | Q1 20262025-04-30 | Q4 20252025-01-31 | Q3 20252024-10-31 | Q2 20252024-07-31 | Q1 20252024-04-30 | Q4 20242024-01-31 | Q3 20242023-10-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.55B | 1.39B | 1.28B | 1.21B | 1.14B | 1.04B | 986.77M | 942.09M | 868.82M | 828.71M | 774.70M | 734.17M |
| Revenue growth (YoY) | +35.09% | +33.48% | +30.12% | +28.75% | +31.78% | +25.75% | +27.37% | +28.32% | +28.90% | +32.89% | +31.53% | +31.80% |
| Cost of Revenue | 510.07M | 464.50M | 426.33M | 390.87M | 371.81M | 348.79M | 333.18M | 320.89M | 288.08M | 272.52M | 241.80M | 228.95M |
| Gross Profit | 1.04B | 926.45M | 857.66M | 822.04M | 773.15M | 693.29M | 653.59M | 621.20M | 580.75M | 556.19M | 532.89M | 505.23M |
| Operating Expenses | 1.30B | 1.25B | 1.18B | 1.15B | 1.11B | 1.14B | 1.04B | 986.66M | 936.05M | 904.76M | 808.40M | 765.85M |
| Research & Development | 567.48M | 534.94M | 511.04M | 494.03M | 492.00M | 472.40M | 492.49M | 442.44M | 437.66M | 410.79M | 364.48M | 332.06M |
| Selling, General & Admin | 732.21M | 717.67M | 664.78M | 657.48M | 621.43M | 668.14M | 547.77M | 544.22M | 498.39M | 493.97M | 443.92M | 433.78M |
| Operating Income | -262.97M | -326.15M | -318.16M | -329.47M | -340.28M | -447.26M | -386.68M | -365.46M | -355.30M | -348.57M | -275.50M | -260.62M |
| Interest Expense | 2.08M | 2.08M | 2.08M | 2.08M | 2.07M | 2.07M | 2.07M | 689.00K | 0 | 0 | 0 | 0 |
| Other Income (Expense) | 34.76M | -9.57M | -24.11M | -1.85M | -4.99M | -28.06M | 2.38M | -8.47M | -7.95M | -21.30M | 47.53M | -4.17M |
| Pretax Income | -188.29M | -296.66M | -301.90M | -287.92M | -297.87M | -424.22M | -330.06M | -325.96M | -313.98M | -315.10M | -174.21M | -211.30M |
| Income Tax | 3.43M | -1.09M | 7.65M | 3.68M | 62.00K | 5.73M | -4.33M | 1.94M | 3.79M | 2.72M | -4.30M | 3.39M |
| Net Income | -191.72M | -295.57M | -309.55M | -293.96M | -298.02M | -430.09M | -327.47M | -324.28M | -316.90M | -316.99M | -169.35M | -214.25M |
| Net Income growth (YoY) | — | — | — | — | — | — | — | — | — | — | — | — |
| EPS (Basic) | -0.55 | -0.86 | -0.90 | -0.87 | -0.89 | -1.29 | -0.98 | -0.98 | -0.95 | -0.95 | -0.51 | -0.65 |
| EPS (Diluted) | -0.55 | -0.86 | -0.90 | -0.87 | -0.89 | -1.29 | -0.98 | -0.98 | -0.95 | -0.95 | -0.51 | -0.65 |
| Shares Outstanding (Basic) | 349.26M | 345.39M | — | 339.65M | 335.21M | 332.66M | — | 331.76M | 334.07M | — | — | 329.31M |
| Shares Outstanding (Diluted) | 349.26M | 345.39M | — | 339.65M | 335.21M | 332.66M | — | 331.76M | 334.07M | — | — | 329.31M |
| EBITDA | -194.34M | -258.55M | -259.24M | -271.60M | -285.44M | -398.45M | -336.55M | -318.41M | -310.19M | -308.35M | -240.52M | -228.15M |
| Gross Margin | 67.02% | 66.61% | 66.80% | 67.77% | 67.53% | 66.53% | 66.23% | 65.94% | 66.84% | 67.12% | 68.79% | 68.82% |
| Operating Margin | -17.00% | -23.45% | -24.78% | -27.16% | -29.72% | -42.92% | -39.19% | -38.79% | -40.89% | -42.06% | -35.56% | -35.50% |
| Net Margin | -12.39% | -21.25% | -24.11% | -24.24% | -26.03% | -41.27% | -33.19% | -34.42% | -36.47% | -38.25% | -21.86% | -29.18% |
This table shows 12 quarterly periods of Snowflake's income statement, from Q2 2027 back to Q3 2024, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow SNOW's reporting calendar. What is a income statement?