Snap Inc.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.60B | $1.53B | $1.72B | $1.51B | $1.34B | $1.36B | $1.56B | $1.37B |
| Cost of Revenue | $667.9M | $665.2M | $702.4M | $674.2M | $653.3M | $639.6M | $671.7M | $638.9M |
| Gross Profit | $931.1M | $863.6M | $1.01B | $832.6M | $691.6M | $723.6M | $885.6M | $733.7M |
| Gross Margin | 58.2% | 56.5% | 59.1% | 55.3% | 51.4% | 53.1% | 56.9% | 53.5% |
| Operating Expenses | ||||||||
| Research & Development | $542.1M | $478.3M | $472.7M | $453.4M | $443.3M | $424.2M | $422.9M | $412.8M |
| SG&A Expense | $261.3M | $220.7M | $242.3M | $251.3M | $250.1M | $235.4M | $241.3M | $221.0M |
| Operating Income | $-170.7M | $-74.4M | $49.7M | $-128.4M | $-259.7M | $-193.8M | $-26.9M | $-173.2M |
| Operating Margin | -10.7% | -4.9% | 2.9% | -8.5% | -19.3% | -14.2% | -1.7% | -12.6% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-161.5M | $-85.8M | $38.0M | $-103.0M | $-254.9M | $-131.2M | $14.3M | $-144.9M |
| Income Tax Expense | $2.5M | $3.2M | $-7.2M | $510.0K | $7.7M | $8.4M | $5.2M | $8.3M |
| Net Income | $-164.0M | $-89.0M | $45.2M | $-103.5M | $-262.6M | $-139.6M | $9.1M | $-153.2M |
| Net Margin | -10.3% | -5.8% | 2.6% | -6.9% | -19.5% | -10.2% | 0.6% | -11.2% |
| EPS (Basic) | $-0.10 | $-0.05 | $0.03 | $-0.06 | $-0.16 | $-0.08 | $0.01 | $-0.09 |
| EPS (Diluted) | $-0.10 | $-0.05 | $0.03 | $-0.06 | $-0.16 | $-0.08 | $0.01 | $-0.09 |
| Shares Outstanding (Basic) | 1.66B | 1.69B | 1.69B | 1.70B | 1.67B | 1.70B | 1.66B | 1.66B |
| Shares Outstanding (Diluted) | 1.66B | 1.69B | 1.69B | 1.70B | 1.67B | 1.70B | 1.66B | 1.66B |
| Dividends Per Share | — | — | — | — | — | — | — | — |