SNAPNYSEServices-Computer Programming, Data Processing, Etc.Fiscal year ends December 31
Snap Inc
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$6.27+0.14 (+2.28%)
Close on Oct 19, 2026
- Market cap
- $10.43B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2014 to 2025
Gross margin
55.0%+2.2 pts over 5 years
Operating margin
-9.0%+25.4 pts over 5 years
Net margin
-7.8%+29.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +10.6% | +8.8% | +18.8% | +58.7% | |
| Gross profit | +13.0% | +5.4% | +19.8% | – | |
| Free cash flow | +99.9% | +99.2% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -45.1% | -41.2% | -19.5% | |
| Return on assets | – | -20.9% | -5.9% | |
| Current ratio | 7.53 | 5.00 | 3.56 | |
| Debt to equity | – | – | 1.55 | |
| Net debt to EBITDA | – | – | -6.80× | |
| Interest coverage | -365.4× | -8.9× | -4.4× | |
| Capex to revenue | 16.4% | 2.3% | 3.7% | |
| Diluted shares | 808M | 1.46B | 1.69B |
Where the cash went
Fiscal 2021 to 2025, five years combined
Snap generated $1.79B from operations and spent $3.08B on capital expenditure, dividends and share buybacks. 27% of that went back into the business.
Generated
$1.79B
Used
$3.08B
Capital expenditure$824.72M27%Dividends$00%Share buybacks$2.25B73%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-7.8%
×Asset turnover0.76×
×Equity multiplier3.30×
=Return on equity, FY2025-19.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -7.8% | 0.76× | 3.30× | -19.5% |
| FY2024 | -13.0% | 0.67× | 3.27× | -28.7% |
| FY2023 | -28.7% | 0.58× | 3.20× | -53.0% |
| FY2022 | -31.1% | 0.59× | 2.44× | -44.9% |
| FY2021 | -11.9% | 0.66× | 2.05× | -15.9% |
| FY2020 | -37.7% | 0.55× | 1.97× | -41.2% |
| FY2019 | -60.3% | 0.51× | 1.47× | -45.2% |
| FY2018 | -106.4% | 0.38× | 1.16× | -47.4% |
| FY2017 | -417.6% | 0.32× | 1.14× | -152.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero-$460.49M
- Cash generatingOperating cash flow above zero$656.17M
- Return on assets improvedROA up on the prior year-8.8% → -5.8%
- Earnings backed by cashOperating cash flow above net income$656.17M vs -$460.49M
- Less leverageLong-term debt to assets fell45.5% → 45.5%
- Better liquidityCurrent ratio rose3.95 → 3.56
- No dilutionShare count did not rise1.66B → 1.69B
- Gross margin improvedGross margin up on the prior year53.85% → 54.99%
- More efficientAsset turnover rose0.67 → 0.75