Snap Inc
Financial Performance
Snap Revenue & Financials
Revenue
$5.9B (FY2025)
Employees
5,400
What is Snap's revenue?
Snap had $5.9B in revenue for fiscal year 2025, up 10.6% from 2024. It reported a net loss of $460.5M.
- Latest revenue
- $5.9B (FY2025)
- Year-over-year
- +10.6%
- Growth rate (CAGR)
- 34.8% over 9 years
- Peak revenue
- $5.9B (FY2025)
- Years of data
- 10
- Employees
- 5,400
Financial Analysis
Snap's revenue grew from $404 million in 2016 to $5.93 billion in 2025. Growth stalled in 2022 and 2023, at $4.60 billion in each year, after Apple's privacy changes and a weak ad market, then picked up to $5.36 billion in 2024 and $5.93 billion in 2025. Net losses shrank from $1.43 billion in 2022 to $697.9 million in 2024 and $460.5 million in 2025. In the first half of 2026, revenue was $3.13 billion, up 15%. The net loss was $252.9 million, compared with $402.2 million a year earlier, and free cash flow was $406.5 million. Q2 2026 included $128.5 million of restructuring charges from the April layoffs. Snap Inc. is a colossal American camera and social media company that created Snapchat, commanding a highly volatile market valuation generally exceeding $20 billion.
Revenue Trend Analysis
YoY Change
+10.6%
9-Year CAGR
+34.8%
Peak Year
2025
Trend
Consistent Growth
Snap Inc has 10 full fiscal year figures on this page, compounding at +34.8% annually over 9 years. The most recent year saw a 10.6% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $5.9B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $5.9B | -$532.2M | -$460.5M | +10.6% | SNAP INC annual report (Form 10-K, SEC EDGAR, filed 2026-02-05) Fiscal year ended 2025-12-31. |
| FY2024 | $5.4B | -$787.3M | -$697.9M | +16.4% | SNAP INC annual report (Form 10-K, SEC EDGAR, filed 2026-02-05) Fiscal year ended 2024-12-31. |
| FY2023 | $4.6B | -$1.4B | -$1.3B | +0.1% | SNAP INC annual report (Form 10-K, SEC EDGAR, filed 2026-02-05) Fiscal year ended 2023-12-31. |
| FY2022 | $4.6B | -$1.4B | -$1.4B | +11.8% | SNAP INC annual report (Form 10-K, SEC EDGAR, filed 2025-02-05) Fiscal year ended 2022-12-31. |
| FY2021 | $4.1B | -$702.1M | -$488M | +64.2% | SNAP INC annual report (Form 10-K, SEC EDGAR, filed 2024-02-07) Fiscal year ended 2021-12-31. |
| FY2020 | $2.5B | -$862.1M | -$944.8M | +46.1% | SNAP INC annual report (Form 10-K, SEC EDGAR, filed 2023-02-01) Fiscal year ended 2020-12-31. |
| FY2019 | $1.7B | -$1.1B | -$1B | +45.3% | SNAP INC annual report (Form 10-K, SEC EDGAR, filed 2022-02-04) Fiscal year ended 2019-12-31. |
| FY2018 | $1.2B | -$1.3B | -$1.3B | +43.1% | SNAP INC annual report (Form 10-K, SEC EDGAR, filed 2021-02-05) Fiscal year ended 2018-12-31. |
| FY2017 | $824.9M | -$3.5Bfiling | -$3.4B | +104.0% | SNAP INC annual report (Form 10-K, SEC EDGAR, filed 2018-02-22) Fiscal year ended 2017-12-31. |
| FY2016 | $404.5M | -$520.4Mfiling | -$514.6M | — | SNAP INC annual report (Form 10-K, SEC EDGAR, filed 2018-02-22) Fiscal year ended 2016-12-31. |
Click any row to see year details.
Snap Inc balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $656.2M | $219M | $7.7B | $5.4B | $2.3B | $437.2M | Form 10-K |
| FY2024ended Dec 31, 2024 | $413.5M | $194.8M | $7.9B | $5.5B | $2.5B | $218.7M | Form 10-K |
| FY2023ended Dec 31, 2023 | $246.5M | $211.7M | $8B | $5.6B | $2.4B | $34.8M | Form 10-K |
| FY2022ended Dec 31, 2022 | $184.6M | $129.3M | $8B | $5.4B | $2.6B | $55.3M | Form 10-K |
| FY2021ended Dec 31, 2021 | $292.9M | $69.9M | $7.5B | $3.7B | $3.8B | $223M | Form 10-K |
| FY2020ended Dec 31, 2020 | -$167.6M | $57.8M | $5B | $2.7B | $2.3B | -$225.5M | Form 10-K |
| FY2019ended Dec 31, 2019 | -$305M | $36.5M | $4B | $1.8B | $2.3B | -$341.4M | Form 10-K |
| FY2018ended Dec 31, 2018 | -$689.9M | $120.2M | $2.7B | $403.1M | $2.3B | -$810.2M | Form 10-K |
| FY2017ended Dec 31, 2017 | -$734.7M | $84.5M | $3.4B | $429.2M | $3B | -$819.2M | Form 10-K |
| FY2016ended Dec 31, 2016 | -$611.2M | $66.4M | $1.7B | $203.9M | $1.5B | -$677.7M | Form 10-K |
Keep researching Snap
Snap Revenue and Financial FAQ
What was Snap's total revenue for FY2025?
Snap reported consolidated revenue of $5.93 billion for fiscal year 2025, representing a 10.6% year-over-year increase compared to $5.36 billion in FY2024, driven by direct-response advertising recovery and rapid Snapchat+ subscription growth.
What was Snap's GAAP net loss in FY2025?
Snap posted a GAAP net loss of $460.5 million in FY2025, narrowing significantly from a net loss of $697.9 million in FY2024 and $1.43 billion in FY2022, demonstrating steady progress toward full GAAP profitability.
What were Snap's financial results in Q2 2026?
In the second quarter of 2026, Snap reported revenue of $1.60 billion (up 19% year-over-year), a narrowed net loss of $164 million, positive free cash flow of $121 million, and 493 million daily active users.
How many daily active users (DAUs) does Snapchat have?
Snapchat reached 493 million global daily active users (DAUs) and 971 million monthly active users (MAUs) by mid-2026, adding tens of millions of new users primarily in India, Europe, and the Rest of World.
Why did North American daily active users decline in 2026?
North American DAUs dipped approximately 7% year-over-year to 92 million in Q2 2026, reflecting intense competition for young users' screen time from TikTok and Instagram, alongside broader market saturation in the US and Canada.
How much revenue does Snapchat+ generate?
With over 11 million subscribers paying $3.99 monthly, Snapchat+ and other subscription tiers generated over $500 million in annualized run-rate revenue in 2025-2026, with subscription revenue growing 85% year-over-year.
What was the financial impact of the April 2026 restructuring and layoffs?
In April 2026, CEO Evan Spiegel announced the elimination of approximately 1,000 jobs (~16% of full-time staff) to streamline management layers and accelerate AI efficiency, incurring $128.5 million in restructuring charges to save over $500 million in annualized operating expenses.
How much does Snap spend on cloud hosting infrastructure?
Infrastructure hosting costs paid to Google Cloud and AWS represent Snap's largest cost of revenue component, totaling between $900 million and $1.1 billion annually (around $0.55 to $0.60 per daily active user per quarter).
What is Snap's stock-based compensation (SBC) expense?
Stock-based compensation has historically been Snap's largest non-cash expense, often exceeding $1.0 billion annually, which management has steadily reduced to improve GAAP net margins.
What is Snap's cash reserves and balance sheet liquidity?
As of mid-2026, Snap held approximately $3.2 billion to $3.5 billion in cash, cash equivalents, and marketable securities against $3.8 billion in convertible senior notes, maintaining ample liquidity.
What is Snap's equity market capitalization under ticker SNAP?
Snap Inc. trades on the New York Stock Exchange under ticker SNAP with a market capitalization that has fluctuated between $15 billion and $25 billion depending on advertising cycle sentiment.
How does Snap balance R&D spending between mobile software and AR hardware?
Snap spends roughly 30% to 35% of revenue on research and development, with the majority dedicated to machine learning ad algorithms and computer vision, and approximately $300M-$400M annually funding the Specs Inc. AR smart glasses development program.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Snap Revenue & Financials." CorpDigest, https://corpdigest.com/company/snap/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Snap reported $5.9B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/snap/financials" target="_blank" rel="noopener">CorpDigest — Snap financials</a></div>Related Financial Audits
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