What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Snowflake (SNOW) spend its free cash flow?

For TTM through Q2 2026, Snowflake generated $1.24B of operating cash flow and $1.17B of free cash flow — a free cash flow margin of 94.6% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Snowflake (SNOW) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Snowflake's shareholder returns for TTM through Q2 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Snowflake (SNOW) Cash Flow Waterfall

Operating CF

$1.24B

Capex

-$67.1M

Free Cash Flow

$1.17B

FCF Margin

+94.6%

Cash flow waterfall for Snowflake (SNOW) — TTM through Q2 2026

Free cash flow: $1.17B

Cash flow breakdown for Snowflake (SNOW) — TTM through Q2 2026

Line item	Amount	Running total
Operating Cash Flow	$1.24B	$1.24B
Capital Expenditure	-$67.1M	$1.17B
Free Cash Flow	$1.17B	$1.17B
Acquisitions	-$267M	$903M
Other Investing	$97.9M	$1B
Share Buybacks	-$683M	$318M
Other Financing & FX	-$502M	-$184M
Net Cash Decrease	-$184M	-$184M

Operating Cash Flow$1.24B
Capital Expenditure-$67.1M
Free Cash Flow$1.17B
Acquisitions-$267M
Other Investing$97.9M
Share Buybacks-$683M
Other Financing & FX-$502M
Net Cash Decrease-$184M

Want to see what drove the FCF change?Free Cash Flow Bridge

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Capital Return

Buybacks1.45% TTM

How this company returns cash to shareholders — buybacks, dividends, and stock splits.

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