TTM
67.1%
YoY change
+0.66pp
Trough year (2019)
46.5%
Peak year (2024)
68.0%
Latest annual
67.2%
Gross Margin history chart for Snowflake (SNOW) from 2019 to 2026
Latest: 67.2%
Gross Margin change chart for Snowflake (SNOW) from 2019 to 2026
Latest: +0.66pp
Gross Margin history table for Snowflake (SNOW) from 2019 to 2026
| 2026 | 67.2% | +0.66pp | ||
| 2025 | 66.5% | -1.48pp | ||
| 2024 | 68.0% | +2.72pp | ||
| 2023 | 65.3% | +2.86pp | ||
| 2022 | 62.4% | +3.38pp | ||
| 2021 | 59.0% | +3.05pp | ||
| 2020 | 56.0% | +9.51pp | ||
| 2019 | 46.5% | — |
- 202667.2%+0.66pp
- 202566.5%-1.48pp
- 202468.0%+2.72pp
- 202365.3%+2.86pp
- 202262.4%+3.38pp
- 202159.0%+3.05pp
- 202056.0%+9.51pp
- 201946.5%—
Gross Margin values are taken from Snowflake's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Snowflake (SNOW)
According to Snowflake's latest reported financial statements, the company's latest reported gross margin is 67.1%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2026 reading of Snowflake (SNOW) gross margin is 67.17% – expanded 0.7 percentage points year-over-year.
67.98% stands as the all-time-high annual gross margin, posted in 2024, against a low of 46.46% during 2019.
Snowflake Gross Margin by Year
Snowflake Gross Margin 2026: 67.2%
2026's gross margin for Snowflake came in at 67.17%, expanded 0.7 percentage points from 2025.
Snowflake Gross Margin 2025: 66.5%
Snowflake posted gross margin of 66.50% in 2025, contracted 1.5 percentage points from 2024.
Snowflake Gross Margin 2024: 68.0%
In 2024, Snowflake reported gross margin of 67.98%, expanded 2.7 percentage points from 2023. This figure represents the highest annual value in the available history.
Snowflake Gross Margin 2023: 65.3%
Snowflake gross margin in 2023 was 65.26%, expanded 2.9 percentage points from 2022.
Snowflake Gross Margin 2022: 62.4%
Snowflake gross margin in 2022 was 62.40%.
See more financial history for Snowflake (SNOW).
Sector peers by Gross Margin
Technology peers of Snowflake (SNOW), ranked by their latest gross margin
| 74.1% | |
| 68.3% | |
| 67.0% | |
| 61.8% | |
| 58.4% | |
| 52.6% | |
| 50.3% | |
| 47.9% |
- 74.1%
- 68.3%
- 67.0%
- 61.8%
- 52.6%
- 50.3%
- 47.9%
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