Snap (SNAP) Q3 FY2026 earnings: revenue $1.7 billion, up 14.3% on the year

Snap Inc. (SNAP) reported revenue of $1.7 billion for Q3 FY2026, the quarter ended 30 September 2026, up 14.3% on the same quarter a year earlier. Net income was $56 million, and diluted earnings per share $0.03. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$1.7 billion

+14.3% on the year · +7.7% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

4.5%

-8.5% a year earlier

Q4 FY2024Q3 FY2026

Net income

$56 million

Q4 FY2024Q3 FY2026

Diluted EPS

$0.03

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Revenue grew 14% to $1,722 million: Revenue rose 14% year-over-year to $1,722 million from $1,507 million. Constant-currency revenue also rose 14%.
Net income positive against prior loss: The company reported net income of $56 million, against a net loss of $104 million a year earlier. Diluted EPS was $0.03, compared with $(0.06).
North America ARPU up 20%: North America ARPU was $11.07, up 20% year-over-year, from $10.26 in the second quarter. Europe ARPU was $3.69 and Rest of World ARPU was $1.13.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	1,722	1,599	1,507	+7.7%	+14.3%
Cost of revenue	649	668	674	-2.8%	-3.7%
Gross profit	1,073	931	833	+15.2%	+28.9%
Gross margin	62.3%	58.2%	55.3%
Research and development	478	542	453	-11.9%	+5.4%
Operating income	76.7	-171	-128
Operating margin	4.5%	-10.7%	-8.5%
Interest expense	37.3	36.9	34.5	+0.9%	+8.1%
Pre-tax income	66.2	-161	-103
Income tax	9.8	2.5	0.5	+294.5%	+1,812.0%
Effective tax rate	14.7%	n/a	n/a
Net income	56.5	-164	-104
Net margin	3.3%	-10.3%	-6.9%
Diluted EPS	$0.03	-$0.10	-$0.06

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	210	176	146	+19.4%	+43.7%
Capital expenditure	46.0	55.7	53.0	-17.3%	-13.2%
Free cash flow	164	121	93.4	+36.4%	+76.0%
Free cash flow margin	9.5%	7.5%	6.2%
Cash from investing	-102	-24.2	-108
Cash from financing	-48.3	-255	-12.0
Depreciation and amortisation	44.6	46.9	42.5	-4.9%	+5.0%
Share-based compensation	255	263	260	-3.2%	-2.1%
Buybacks	0.0	250	0.0
Diluted shares, weighted	1,700m	1,663m	1,697m	+2.2%	+0.2%
Shares outstanding at period end	1,760m	1,726m	1,756m	+2.0%	+0.2%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	2,230	1,927	2,227	+15.7%	+0.1%
Short-term borrowings	106	153	47.0	-30.7%	+126.2%
Debt	3,486	3,535	3,538	-1.4%	-1.5%
Operating lease liabilities	587	643	572	-8.7%	+2.6%
Other liabilities	1,156	1,212	1,194	-4.6%	-3.1%
Total liabilities and equity	7,566	7,470	7,578	+1.3%	-0.2%
Fixed assets	618	586	557	+5.4%	+10.9%
Goodwill	1,779	1,780	1,721	-0.1%	+3.4%
Intangible assets	86.4	94.3	77.3	-8.4%	+11.9%
Investments	1,751	1,701	2,040	+3.0%	-14.1%
Cash and equivalents	1,019	959	953	+6.3%	+6.9%
Receivables	1,244	1,237	1,248	+0.5%	-0.3%
Other assets	1,068	1,112	981	-4.0%	+8.9%
Total assets	7,566	7,470	7,578	+1.3%	-0.2%

Questions

What was Snap's revenue in Q3 FY2026?

Snap (SNAP) reported revenue of $1.7 billion for Q3 FY2026, the quarter ended 30 September 2026, up 14.3% on the same quarter a year earlier.

How much did Snap earn in Q3 FY2026?

Net income for Q3 FY2026 was $56 million, and diluted earnings per share $0.03.

When did Snap report Q3 FY2026 results?

Snap filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	1,298	1,063	1,111	1,128	1,300	989	1,068	1,189	1,361	1,195	1,237	1,373	1,557	1,363	1,345	1,507	1,716	1,529	1,599	1,722
Cost of revenue	449	421	446	467	481	440	497	556	622	575	589	639	672	640	653	674	702	665	668	649
Gross profit	849	642	665	662	818	549	571	633	740	620	648	734	886	724	692	833	1,014	864	931	1,073
Gross margin	65%	60%	60%	59%	63%	55%	53%	53%	54%	52%	52%	53%	57%	53%	51%	55%	59%	56%	58%	62%
R&D	434	456	505	564	585	455	478	495	484	450	406	413	423	424	443	453	473	478	542	478
Operating income	-25.1	-272	-401	-435	-288	-365	-404	-380	-249	-333	-254	-173	-26.9	-194	-260	-128	49.7	-74.4	-171	76.7
Operating margin	-2%	-26%	-36%	-39%	-22%	-37%	-38%	-32%	-18%	-28%	-21%	-13%	-2%	-14%	-19%	-9%	3%	-5%	-11%	4%
Interest expense	4.0	5.2	5.5	5.4	5.3	5.9	5.3	5.5	5.3	4.7	5.1	5.9	5.8	23.4	27.6	34.5	36.5	36.8	36.9	37.3
Pre-tax income	35.6	-351	-415	-350	-284	-322	-365	-362	-245	-298	-243	-145	14.3	-131	-255	-103	38.0	-85.8	-161	66.2
Tax rate	37%	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	36%	n/a	n/a	n/a	-19%	n/a	n/a	15%
Net income	22.6	-360	-422	-360	-288	-329	-377	-368	-248	-305	-249	-153	9.1	-140	-263	-104	45.2	-89.0	-164	56.5
Net margin	2%	-34%	-38%	-32%	-22%	-33%	-35%	-31%	-18%	-26%	-20%	-11%	1%	-10%	-20%	-7%	3%	-6%	-10%	3%
Diluted EPS	$0.03	-$0.22	-$0.26	-$0.22	-$0.18	-$0.21	-$0.24	-$0.23	-$0.15	-$0.19	-$0.15	-$0.09	$0.01	-$0.08	-$0.16	-$0.06	$0.03	-$0.05	-$0.10	$0.03
Operating cash flow	186	127	-124	55.9	125	151	-81.9	12.8	165	88.4	-21.4	116	231	152	88.5	146	270	327	176	210
Capital expenditure	24.6	21.2	23.4	37.8	46.9	47.6	36.9	73.4	53.7	50.4	52.1	44.0	48.3	37.2	64.7	53.0	64.0	40.8	55.7	46.0
Free cash flow	161	106	-147	18.1	78.4	103	-119	-60.7	111	37.9	-73.4	71.8	182	114	23.8	93.4	206	286	121	164
Buybacks	n/a	n/a	n/a	501	n/a	0.0	0.0	0.0	189	235	76.0	0.0	0.0	257	243	0.0	250	350	250	0.0
Shares outstanding	1,619m	1,633m	1,645m	1,657m	1,625m	1,646m	1,667m	1,689m	1,695m	1,692m	1,702m	1,720m	1,738m	1,733m	1,728m	1,756m	1,756m	1,742m	1,726m	1,760m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.