Filing Flows

Filing Flows › Technology › Snowflake (SNOW)

Snowflake (SNOW) earnings and revenue breakdown

Latest: Q2 FY27 · 10-Q filed Sep 4, 2026 · Snowflake (SNOW) Q2 FY27 earnings results →

Q2 FY27 Revenue up 35% year over year to $1.5B · 12¢ of every $1 of revenue lost · operating margin -17.0%

Snowflake made $1.5B in Q2 FY27 (+35% Y/Y): Product revenue $1.5B, Professional services and other revenue $54.9M. Operating margin -17.0%, net loss $192M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 4, 2026.

Revenue$1.5B
Year over year+35%
Operating margin-17.0%
Net earnings−$192M
Operating cash flow$91.4M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

Snowflake Q2 FY27 revenue breakdown: Sankey diagram of revenue (Product revenue, Professional services and other revenue), costs, profit and cash flow
Snowflake Q2 FY27 revenue breakdown — free to use with credit and a link (terms). Share on X
Embed this chart on your site

Free to use with the credit line. Click a box to select the code.

What changed this quarter

Revenue was $1.5B in Q2 FY27, up 35% year over year and up 11% from the previous quarter. Product revenue was the largest line at 96% of revenue. Product revenue added $0.40B year over year (up 37%), 100% of the total change.

Gross margin was 67.0%, down 0.5 points from Q2 FY26. Operating costs exceeded revenue by $0.26B, an operating margin of -17.0%. Operating expenses grew 17% against revenue growth of 35%. The fastest-growing cost line was Sales & marketing (+22%). The quarter ended with a net loss of $0.19B, narrower than the previous quarter's $0.30B loss. Non-operating items added $0.07B, -40% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was $0.09B (up 22% year over year). Non-cash charges added back $0.07B of depreciation and amortization and $0.42B of share-based compensation. Working capital and other items used $0.21B. Capital expenditures of $0.01B left free cash flow of $0.08B.

Quarterly history

Snowflake revenue by quarterSnowflake revenue by quarter$987MQ4 FY25$1.0BQ1 FY26$1.1BQ2 FY26$1.2BQ3 FY26$1.3BQ4 FY26$1.4BQ1 FY27$1.5BQ2 FY27
Snowflake net earnings by quarterSnowflake net earnings by quarter−$326MQ4 FY25−$430MQ1 FY26−$298MQ2 FY26−$292MQ3 FY26−$310MQ4 FY26−$296MQ1 FY27−$192MQ2 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 FY2710-QSep 4, 2026$1.5B+35%-17.0%−$192M$91.4M
Q1 FY2710-QMay 29, 2026$1.4B+34%-23.4%−$296M$243M
Q4 FY2610-KMar 20, 2026$1.3B+30%-24.8%−$310M$781M
Q3 FY2610-QDec 5, 2025$1.2B+29%-27.2%−$292M$138M
Q2 FY2610-QSep 5, 2025$1.1B+32%-29.7%−$298M$74.9M
Q1 FY2610-QMay 30, 2025$1.0B+26%-42.9%−$430M$228M
Q4 FY2510-KMar 21, 2025$987M+27%-39.2%−$326M$433M

Charts

Snowflake: revenue growth, year over year and quarter over quarterSnowflake: revenue growth, year over year and quarter over quarterY/YQ/Q+27%Q4 FY25+26%+6%Q1 FY26+32%+10%Q2 FY26+29%+6%Q3 FY26+30%+6%Q4 FY26+34%+8%Q1 FY27+35%+11%Q2 FY27
Latest (Q2 FY27): Y/Y +35%, Q/Q +11%.
Snowflake: where the cash came from (+) and went (−), TTM to Q2 FY27Snowflake: where the cash came from (+) and went (−), TTM to Q2 FY27Operating cash flow$1.3BTaxes on employees’ shares−$706MBuybacks−$683MOther investing−$228MCash drawn (+) / kept (−)$209MShares issued$124MOther financing$89.0MCapital spending−$58.0MExchange rates−$74K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Snowflake: profit against cash, quarter by quarterSnowflake: profit against cash, quarter by quarterNet incomeOperating cash flow−$328M$102MQ3 FY25−$326M$433MQ4 FY25−$430M$228MQ1 FY26−$298M$74.9MQ2 FY26−$292M$138MQ3 FY26−$310M$781MQ4 FY26−$296M$243MQ1 FY27−$192M$91.4MQ2 FY27
Latest (Q2 FY27): Net income −$192M, Operating cash flow $91.4M.
Snowflake: diluted shares by fiscal year (split-adjusted)Snowflake: diluted shares by fiscal year (split-adjusted)283MFY21300MFY22319MFY23328MFY24333MFY25337MFY26
+19.2% since FY21: more shares outstanding (issuance, stock pay); earlier years scaled for the 2-for-1 split before FY22.
Snowflake in its industry: growth against margin (192 companies, SIC 7372)Snowflake in its industry: growth against margin (192 companies, SIC 7372)revenue growth, year over year →↑ operating marginmedian +12%median 0%MSFTORCLCRMADBEXYZINTUNOWSHOPCRWVSNPSPLTRADSKElectronic Arts Inc.TEAMSSNCCDNSRBLXTWLOTTWOCRWDGENDDOGHUBSVEEVDOCUOKTANETMDBNTNXPTCTYLDBXUDTPAYCMBLYESTCPCTYZETARBRKACIWBSYGWREPATHPCORTDCOCTVFIGKVYOCOURBILLBOXCVLTDUOLSAILGTMMANHLIMEAPPFCCCYOUTTANBLKBSGTLBALRMTENBWKPRGSFRSHAPPNBANDNAVNBRZEQTWONTSKASANCXMVERXRPDSPSCBLFSLYVRNSQLYSFROGMQBBINTANCNOEVCMNABLVIAALKTAVPTSPTPDGDYNXPERAMPLDDDSKILCERTCCSICMRCMKTWHUCKCRNCPDFSWEAVSOUNINSEXZODHIIIVLiveperson IncAIMRDNMYPSUPLDKLTRBLZELAWDRTTFBBAIMAPSCCLDEXFYRDVTSSTIEGANNTWKRCATSNALFDCTSVCOMCHXAEYEZDGEADBTWFCFAISPDUOTIDNPDYNQUBTZSPCROCFATNAWRESMSIINLXBLINMSGMGEGSEGGMYSZCXAIGXAIPARAAITXBKYICYABAPCXSPAIDSNYEXYNIDAIATDSIVDAVPRBSKKYUMEWAIFFAUIDGlobal Arena Holding, Inc.ATHRVIDAQXLLIVGUPYYFNGRSVMBTransparentBusiness, Inc.SWMRAMSTTransit Pro Tech Inc.PXLWDNKCDPLSGYGYSNOW (+35%, -17%)
Services-Prepackaged Software; dot size is quarterly revenue; dashed lines are the industry's medians.

In supply chains and themes

AI revenue: clouds & software money flowAI revenue: clouds & software · AI software & data

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

Loading the interactive chart…

🌏Named in Asian annual reportsinteractive

Loading the interactive chart…

🔄Rotation against the market and its industry (RRG)interactive

Loading the interactive chart…

🔍Earnings qualityinteractive

Loading the interactive chart…

⚖️Fair value by methodinteractive

Loading the interactive chart…

🔭Outlook & guidanceinteractive

Loading the interactive chart…

📈Investments: gains and what it boughtinteractive

Loading the interactive chart…

🏭Its industry’s money flow (input-output)interactive

Loading the interactive chart…

About Snowflake

We believe that a cloud computing platform that puts data and artificial intelligence (AI) at its core will offer great benefits to organizations by allowing them to realize the value of the data that powers their businesses. By offering rich primitives for data and applications, we believe that we can create a data connected world where organizations have seamless access to explore, share, and unlock the value of data. Our vision is a world where data and AI turn possibilities into reality. To realize this vision, we deliver the AI Data Cloud, a network where Snowflake customers, partners, developers, data providers, and data consumers can break down data silos and derive value from a growing number of data sets in secure, governed, and compliant ways.

In its own words, from its 10-K, filed Mar 20, 2026.

Snowflake against its Services-Prepackaged Software peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +35% against the peers' median +19%. Operating margin: -17.0% against the peers' median 15.2%.

CompanyQuarterRevenueY/YOp. margin
SNOW SnowflakeQ2 FY27$1.5B+35%-17.0%
MSFT MicrosoftQ1 FY27$92.3B+19%49.8%
ORCL OracleQ1 FY27$19.3B+30%34.8%
CRM SalesforceQ2 FY27$11.3B+11%20.5%
ADBE AdobeQ3 FY26$6.8B+13%34.8%
XYZ BlockQ3 2026$6.7B+10%6.4%
INTU IntuitQ4 FY26$4.4B+14%10.9%
NOW ServiceNowQ3 2026$4.1B+20%9.4%
SHOP ShopifyQ3 2026$3.7B+32%15.2%

Source: Snowflake 10-Q on SEC EDGAR · CIK 1640147 · Services-Prepackaged Software

13F: who owns SNOW and who is buying

Largest holders of SNOW (13F)Largest holders of SNOW (13F)BlackRock$8.0BVanguard Group$6.6BVanguard Capital Management LLC$3.8BVanguard Portfolio Management LLC$3.3BState Street$2.0BFMR LLC$1.9BGeode Capital Management, LLC$1.6BJennison Associates LLC$1.6BPrice T Rowe Associates$1.4BWellington Management Group LLP$1.3B
Funds' net buying of SNOW by quarter (13F)Funds' net buying of SNOW by quarter (13F)−$314M2024-09$267M2024-12−$109M2025-03$3.5B2025-06$2.5B2025-09$2.9B2025-12−$610M2026-03$5.1B2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on SNOW

History

Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results

Compare SNOW with

中文版：Snowflake（SNOW）财报

Español · Français