Snap
Runs Snapchat’s camera-first messaging, short-video, mapping, subscription, and augmented-reality products.
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Profile
Runs Snapchat’s visual messaging, Stories, Spotlight, Map, Lenses, Bitmoji, and paid subscription features. Advertising funds most of the single-segment business, while mobile-platform access, ad measurement, privacy and youth-safety obligations, and founder voting control shape its operations.
Centers on Snapchat, where private visual messaging and Stories sit alongside Spotlight short video, Map discovery, Lenses and Lens Studio, Bitmoji avatars, and paid Snapchat+ features. Spectacles and Snap OS extend the ecosystem into developer-focused augmented-reality hardware.
Executes a layered camera-first product model: communication anchors engagement, creative tools support expression, and advertising funds most of the single-segment business. Subscription features add a direct-consumer revenue layer.
Depends on mobile-platform access and ad measurement, with Apple policy changes having disrupted targeting and optimization. Privacy, security, and youth-safety obligations remain central, repeated restructurings have narrowed investment priorities, and public Class A shares ordinarily carry no voting rights under founder control.
Company facts
Categories
Key statistics
Year to date −33.0% · Average volume (30d) 39.7M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 4, 2026 | Stifel Nicolaus | Target | $5.25 | $7.50 | |
| Aug 4, 2026 | DA Davidson | Reiterate | Neutral | $5.25 | |
| Aug 4, 2026 | Mizuho Securities | Target | $5 | $6 | |
| Aug 4, 2026 | Evercore ISI | Target | $9 | $8 | |
| Aug 4, 2026 | Cantor Fitzgerald | Reiterate | Neutral | $5 | $6 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | −$0.12 | −$0.10 | +17.9% | $1.54B | $1.60B | +3.9% | +14.88% |
| May 6, 2026Q1 FY26 | −$0.06 | −$0.05 | +16.7% | $1.53B | $1.53B | +0.1% | −2.13% |
| Feb 4, 2026Q4 FY25 | −$0.03 | $0.03 | +197.0% | $1.70B | $1.72B | +1.0% | −13.37% |
| Nov 5, 2025Q3 FY25 | −$0.12 | $0.06 | +149.2% | $1.49B | $1.51B | +1.1% | +9.73% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.36B | $1.34B | $1.51B | $1.72B | $1.53B | $1.60B | |
| Gross profit | $723.6M | $691.6M | $832.6M | $1.01B | $863.6M | $931.1M | |
| Operating income | −$193.8M | −$259.7M | −$128.4M | $49.7M | −$74.4M | −$170.7M | |
| Net income | −$139.6M | −$262.6M | −$103.5M | $45.2M | −$89.0M | −$164.0M | |
| Diluted EPS | −$0.08 | −$0.16 | −$0.06 | $0.03 | −$0.05 | −$0.10 | |
| Gross margin | 53.1% | 51.4% | 55.3% | 59.0% | 56.5% | 58.2% | |
| Operating margin | -14.2% | -19.3% | -8.5% | 2.9% | -4.9% | -10.7% |
Fiscal years (4-quarter sums)FY21 $4.12B · FY22 $4.60B · FY23 $4.61B · FY24 $5.36B · FY25 $5.93B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $2.66B · Total debt $844.3M · Total assets $7.47B · Shareholders' equity $1.93B
Dividends
No dividends on record.
Ownership
Shares outstanding 1.69B · Float 1.07B · 63.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| FMR LLC | 66.51M | 3.94% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 46.92M | 2.78% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 46.43M | 2.75% | 13F | Aug 13, 2026 |
| BlackRock, Inc. | 44.01M | 2.60% | 13F | Aug 7, 2026 |
| Robert C. Murphy · director, 10 percent owner, officer: Chief Technology Officer | 41.45M | 2.45% | Form 4 | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Douglas Hott | officer: Chief Financial Officer | −131,884 | $5.20 |
| Aug 19, 2026 | Zachary M. Briers | officer: General Counsel | −67,540 | $5.08 |
| Aug 17, 2026 | Zachary M. Briers | officer: General Counsel | −136,504 | $5.20 |
| Aug 17, 2026 | Rebecca Morrow | officer: Chief Accounting Officer | −17,336 | $5.20 |
| Aug 17, 2026 | Ajit Mohan | officer: Chief Business Officer | −54,608 | $5.20 |
Peers
- Meta
Direct rival across social communication, short video, ads, and smart glasses
- Alphabet Class A
Competes for short-video audiences, creators, and digital ad budgets
- Pinterest
Visual discovery, shopping, and performance-advertising rival
- Apple
Mobile camera, messaging, AR platform, and spatial-computing rival
- Reddit
Public community, UGC, attention, and advertising rival
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Snap | $5.44 | −0.18% | $9.17B | — | 22.5 | 1.4 | +18.9% |
| Meta | $578.36 | +0.06% | $1.47T | 21.8 | 19.0 | 6.5 | +28.0% |
| Alphabet Class A | $346.00 | −0.14% | $4.19T | 17.4 | 25.8 | 9.4 | +24.2% |
| $22.80 | −1.70% | $14.76B | 68.2 | 10.8 | 3.2 | +18.2% | |
| Apple | $320.07 | +0.15% | $4.70T | 36.6 | 34.7 | 10.1 | +16.4% |
| $153.35 | +0.28% | $29.44B | 35.6 | 25.0 | 10.6 | +61.1% | |
| Median | 35.6 | 25.0 | 9.4 | +24.2% |







