Snap Inc. (SNAP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.53B | 1.72B | 1.51B | 1.34B | 1.36B | 1.56B | 1.37B | 1.24B | 1.19B | 1.36B | 1.19B | 1.07B | 988.61M | 1.3B | 1.13B | 1.11B | 1.06B | 1.3B | 1.07B | 982.11M |
| Revenue Growth % | 12.15% | 10.22% | 9.78% | 8.75% | 14.1% | 14.4% | 15.48% | 15.84% | 20.85% | 4.74% | 5.32% | -3.89% | -6.97% | 0.14% | 5.71% | 13.11% | 38.09% | 42.42% | 57.29% | 116.25% |
| Cost of Goods Sold | 665.24M | 703.75M | 674.22M | 653.33M | 639.58M | 671.66M | 638.91M | 588.92M | 574.75M | 621.5M | 555.75M | 496.87M | 439.99M | 481.31M | 466.76M | 446.38M | 420.9M | 449.15M | 443.47M | 445.02M |
| COGS % of Revenue | 43.51% | 41% | 44.74% | 48.58% | 46.92% | 43.13% | 46.55% | 47.62% | 48.11% | 45.66% | 46.76% | 46.54% | 44.51% | 37.03% | 41.36% | 40.18% | 39.61% | 34.61% | 41.54% | 45.31% |
| Gross Profit | 863.55M | 1.01B | 832.62M | 691.6M | 723.64M | 885.62M | 733.67M | 647.85M | 620.02M | 739.78M | 632.8M | 570.79M | 548.62M | 818.42M | 661.72M | 664.53M | 641.83M | 848.73M | 624M | 537.09M |
| Gross Margin % | 56.49% | 59% | 55.26% | 51.42% | 53.08% | 56.87% | 53.45% | 52.38% | 51.89% | 54.34% | 53.24% | 53.46% | 55.49% | 62.97% | 58.64% | 59.82% | 60.39% | 65.39% | 58.46% | 54.69% |
| Gross Profit Growth % | 19.33% | 14.35% | 13.49% | 6.75% | 16.71% | 19.71% | 15.94% | 13.5% | 13.01% | -9.61% | -4.37% | -14.11% | -14.52% | -3.57% | 6.05% | 23.73% | 79.79% | 61.42% | 61.84% | 163.66% |
| Operating Expenses | 938M | 962.99M | 960.98M | 951.27M | 917.48M | 912.5M | 906.88M | 901.82M | 953.26M | 988.5M | 1.01B | 975.13M | 913.89M | 1.11B | 1.1B | 1.07B | 913.36M | 873.86M | 804.82M | 729.6M |
| OpEx % of Revenue | 61.36% | 56.1% | 63.77% | 70.73% | 67.3% | 58.6% | 66.07% | 72.92% | 79.79% | 72.61% | 85.22% | 91.33% | 92.44% | 85.1% | 97.21% | 95.91% | 85.94% | 67.33% | 75.4% | 74.29% |
| Selling, General & Admin | 459.7M | 491.61M | 507.56M | 507.95M | 480.01M | 489.56M | 494.09M | 495.63M | 503.5M | 504.97M | 518.3M | 497.47M | 458.77M | 521.08M | 532.7M | 560.43M | 457.79M | 439.67M | 392.8M | 358.93M |
| SG&A % of Revenue | 30.07% | 28.64% | 33.68% | 37.77% | 35.21% | 31.44% | 36% | 40.07% | 42.14% | 37.09% | 43.61% | 46.59% | 46.41% | 40.09% | 47.21% | 50.45% | 43.08% | 33.88% | 36.8% | 36.55% |
| Research & Development | 478.3M | 450M | 453.42M | 443.32M | 424.17M | 422.94M | 412.79M | 406.2M | 449.76M | 483.53M | 494.56M | 477.66M | 455.11M | 584.94M | 564.26M | 505.04M | 455.56M | 434.19M | 412.02M | 370.67M |
| R&D % of Revenue | 31.29% | 26.22% | 30.09% | 32.96% | 31.11% | 27.16% | 30.07% | 32.84% | 37.64% | 35.52% | 41.61% | 44.74% | 46.04% | 45% | 50% | 45.46% | 42.87% | 33.45% | 38.6% | 37.74% |
| Other Operating Expenses | 0 | 1000K | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -74.45M | 49.72M | -128.36M | -259.68M | -193.85M | -26.88M | -173.21M | -253.97M | -333.23M | -248.71M | -380.06M | -404.34M | -365.26M | -287.6M | -435.24M | -400.94M | -271.53M | -25.13M | -180.82M | -192.51M |
| Operating Margin % | -4.87% | 2.9% | -8.52% | -19.31% | -14.22% | -1.73% | -12.62% | -20.54% | -27.89% | -18.27% | -31.98% | -37.87% | -36.95% | -22.13% | -38.57% | -36.09% | -25.55% | -1.94% | -16.94% | -19.6% |
| Operating Income Growth % | 61.59% | 284.98% | 25.89% | -2.24% | 41.83% | 89.19% | 54.43% | 37.19% | 8.77% | 13.52% | 12.68% | -0.85% | -34.52% | -1044.57% | -140.7% | -108.27% | 10.57% | 74.16% | -7.72% | 38.02% |
| EBITDA | -74.45M | 89.3M | -85.85M | -219.65M | -156.13M | 12.7M | -134.36M | -216.04M | -291.52M | -196.39M | -338.85M | -364.65M | -330.04M | -239.11M | -398.95M | -321.65M | -233.43M | 9.74M | -148.31M | -164.24M |
| EBITDA Margin % | -4.87% | 5.2% | -5.7% | -16.33% | -11.45% | 0.82% | -9.79% | -17.47% | -24.4% | -14.43% | -28.51% | -34.15% | -33.38% | -18.4% | -35.35% | -28.95% | -21.96% | 0.75% | -13.89% | -16.72% |
| EBITDA Growth % | 52.32% | 602.91% | 36.11% | -1.67% | 46.44% | 106.47% | 60.35% | 40.75% | 11.67% | 17.87% | 15.06% | -13.37% | -41.39% | -2555.9% | -168.99% | -95.84% | 16.67% | 113.08% | -1.54% | 43.3% |
| D&A (Non-Cash Add-back) | 0 | 39.58M | 42.51M | 40.02M | 37.72M | 39.58M | 38.85M | 37.93M | 41.71M | 52.32M | 41.21M | 39.69M | 35.22M | 48.49M | 36.29M | 79.29M | 38.1M | 34.86M | 32.51M | 28.27M |
| EBIT | -74.45M | 74.46M | -68.54M | -227.3M | -107.76M | 20.08M | -139.03M | -238.31M | -293.42M | -239.7M | -356.89M | -359.87M | -315.94M | -278.94M | -344.84M | -409.52M | -345.94M | 39.63M | -66.94M | -148.98M |
| Net Interest Income | 0 | 28.19M | -2.24M | 5.59M | 13.62M | 32.76M | 32.65M | 31.35M | 35.16M | 38.19M | 38.32M | 37.8M | 32.06M | 23.39M | 13.02M | 2.78M | -2.05M | -2.5M | -2.77M | -3.31M |
| Interest Income | 26.46M | 31.69M | 32.26M | 33.2M | 37.02M | 38.57M | 38.53M | 36.46M | 39.9M | 43.46M | 43.84M | 43.14M | 37.95M | 28.7M | 18.45M | 8.33M | 3.12M | 1.55M | 1.26M | 1.25M |
| Interest Expense | -36.76M | 3.5M | 34.49M | 27.61M | 23.4M | 5.81M | 5.88M | 5.11M | 4.74M | 5.28M | 5.52M | 5.34M | 5.88M | 5.31M | 5.42M | 5.55M | 5.17M | 4.05M | 4.03M | 4.56M |
| Other Income/Expense | -11.31M | -3.4M | 25.33M | 4.77M | 62.69M | 41.14M | 28.3M | 10.56M | 35.07M | 3.74M | 17.66M | 39.12M | 43.44M | 3.34M | 84.98M | -14.13M | -79.59M | 60.71M | 109.86M | 38.97M |
| Pretax Income | -85.76M | 46.32M | -103.03M | -254.91M | -131.16M | 14.27M | -144.91M | -243.42M | -298.16M | -244.97M | -362.41M | -365.21M | -321.83M | -284.25M | -350.26M | -415.07M | -351.11M | 35.58M | -70.97M | -153.54M |
| Pretax Margin % | -5.61% | 2.7% | -6.84% | -18.95% | -9.62% | 0.92% | -10.56% | -19.68% | -24.96% | -18% | -30.49% | -34.21% | -32.55% | -21.87% | -31.04% | -37.36% | -33.04% | 2.74% | -6.65% | -15.63% |
| Income Tax | -3.19M | 1.11M | 510K | 7.66M | 8.43M | 5.16M | 8.33M | 5.2M | 6.93M | 3.27M | 5.85M | 12.09M | 6.84M | 4.21M | 9.24M | 7M | 8.51M | 13.03M | 992K | -1.88M |
| Effective Tax Rate % | 3.72% | 2.39% | -0.49% | -3.01% | -6.43% | 36.2% | -5.75% | -2.14% | -2.32% | -1.34% | -1.61% | -3.31% | -2.13% | -1.48% | -2.64% | -1.69% | -2.42% | 36.62% | -1.4% | 1.22% |
| Net Income | -88.95M | 45.21M | -103.54M | -262.57M | -139.59M | 9.1M | -153.25M | -248.62M | -305.09M | -248.25M | -368.26M | -377.31M | -328.67M | -288.46M | -359.5M | -422.07M | -359.62M | 22.55M | -71.96M | -151.66M |
| Net Margin % | -5.82% | 2.63% | -6.87% | -19.52% | -10.24% | 0.58% | -11.16% | -20.1% | -25.54% | -18.24% | -30.98% | -35.34% | -33.25% | -22.19% | -31.86% | -37.99% | -33.84% | 1.74% | -6.74% | -15.44% |
| Net Income Growth % | 36.28% | 396.75% | 32.44% | -5.61% | 54.25% | 103.67% | 58.39% | 34.11% | 7.18% | 13.94% | -2.44% | 10.6% | 8.61% | -1379.2% | -399.59% | -178.29% | -25.36% | 119.94% | 63.99% | 53.47% |
| Net Income (Continuing) | -88.95M | 45.21M | -103.54M | -262.57M | -139.59M | 9.1M | -153.25M | -248.62M | -305.09M | -248.25M | -368.26M | -377.31M | -328.67M | -288.46M | -359.5M | -422.07M | -359.62M | 22.55M | -71.96M | -151.66M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.05 | 0.03 | -0.06 | -0.16 | -0.08 | 0.01 | -0.09 | -0.15 | -0.19 | -0.15 | -0.23 | -0.24 | -0.21 | -0.18 | -0.22 | -0.26 | -0.22 | 0.01 | -0.05 | -0.10 |
| EPS Growth % | 39.25% | - | 33.84% | -6.67% | 56.68% | 103.53% | 59.91% | 37.5% | 9.52% | 16.67% | -4.55% | 7.69% | 4.55% | -1433.33% | -383.52% | -165.31% | -15.79% | 117.72% | 67.5% | 57.39% |
| EPS (Basic) | -0.05 | 0.03 | -0.06 | -0.16 | -0.08 | 0.01 | -0.09 | -0.15 | -0.19 | -0.15 | -0.23 | -0.24 | -0.21 | -0.18 | -0.22 | -0.26 | -0.22 | 0.01 | -0.05 | -0.10 |
| Diluted Shares Outstanding | 1.69B | 1.72B | 1.7B | 1.67B | 1.7B | 1.72B | 1.66B | 1.64B | 1.65B | 1.64B | 1.63B | 1.6B | 1.58B | 1.57B | 1.61B | 1.63B | 1.62B | 1.67B | 1.58B | 1.55B |
| Basic Shares Outstanding | 1.69B | 1.71B | 1.7B | 1.67B | 1.7B | 1.72B | 1.66B | 1.64B | 1.65B | 1.64B | 1.63B | 1.6B | 1.58B | 1.57B | 1.61B | 1.63B | 1.62B | 1.6B | 1.58B | 1.55B |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |