Snap Inc. (SNAP)财务
NYSE · Communication Services · Internet Content & Information · 员工5,261人 · CEO Evan T. Spiegel
- 股价
- $5.34 -5.99%
- 市值
- $90.3亿
- 企业价值
- $89.2亿
- 最近财报
- Q2 '26 2026-08-04提交
- 下次财报
- 2026-11-04 EPS预期 $0.00
营收(TTM)$63.5亿+12.6% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)-5.1%+6.5 百分点 对比去年同期营业利润 -$3.24亿
净利润(TTM)-$3.11亿+43.0% 对比去年同期税后,含营业外收益
自由现金流(TTM)$7.06亿+79.8% 对比去年同期资本支出 $2.14亿
稀释EPS(TTM)-$0.19+43.1% 对比去年同期最近4个季度之和
净现金$18.2亿+239.8% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $90.3亿 EV $89.2亿
- 营收
- $63.5亿 过去12个月
- 营收增速
- +15% FY2026年一致预期
- 净利润率
- -4.9% 净利润 / 营收,TTM
- P/E
- -28.9× 预期 -113.5×(FY2026)
- P/S
- 1.4× 股价 / 营收,TTM
- EV / EBITDA
- 900.1× TTM
- 自由现金流
- $7.06亿 过去12个月
- 净利润
- -$3.11亿 过去12个月
- 营收预期
- $68.2亿 FY2026年一致预期
- 盈利
- 2026-11-04 营收预期 $17.3亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-03):营收超预期3.9%,EPS 超预期17.9%营收$16亿,预期$15.4亿(+3.9%);EPS -$0.10,预期-$0.12(+17.9%)。
- 营收增长加速:同比18.9%Q2 '26营收$16亿,此前四个季度的平均值为10.2%。
- 营业利润率-5.1%(TTM),较去年同期+6.5 百分点营收增长12.6%,营业利润增长50.5%。
- 资本支出占营收的3.4%(去年为3.4%)最近4个季度投入$2.14亿(同比+9.9%)。自由现金流$7.06亿。
- 稀释股数一年内增加0.0%Q2 '26稀释股数16.8亿,一年前为16.7亿。
- 净现金 $18.2亿现金 + 短期投资 $26.6亿,含租赁债务 $8.44亿;一年前净债务 $13亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $16亿 | $13.4亿 | +18.9% |
| 毛利率 | 58.2% | 51.4% | +6.8 百分点 |
| 营业利润 | -$1.71亿 | -$2.6亿 | +34.3% |
| 营业利润率 | -10.7% | -19.3% | +8.6 百分点 |
| 净利润 | -$1.64亿 | -$2.63亿 | +37.6% |
| 稀释EPS | -$0.10 | -$0.16 | +37.5% |
| 经营现金流 | $1.76亿 | $8850万 | +99.1% |
| 资本支出 | $5570万 | $6470万 | -13.9% |
| 自由现金流 | $1.21亿 | $2380万 | +406.6% |
| R&D | $5.42亿 | $4.43亿 | +22.3% |
| 股权激励费用 | $2.63亿 | $2.52亿 | +4.5% |
实际 vs 一致预期
2026-08-03| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $16亿 | $15.4亿 | +3.9% |
| EPS(一致预期口径) | -$0.10 | -$0.12 | +17.9% |
来自2026-08-03发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Advertising Revenue | $12.8亿 | +9.3% | 80.2% | $53.3亿 | – | |
| Other Revenue | $3.16亿 | +84.7% | 19.8% | $10.2亿 | – |
按地区划分的营收
占总额比例| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| North America | $9.05亿 | +12.5% | 56.6% | $35.9亿 | +6.6% | |
| Rest Of World | $3.4亿 | +18.9% | 21.3% | $14.7亿 | +16.2% | |
| Europe | $3.54亿 | +39.2% | 22.1% | $12.8亿 | +28.5% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $9.19亿
- 资本支出
- -$2.14亿
- 股票回购
- $5.93亿
- 股息
- $0
- 收购
- -$6500万
- 债务净发行
- -$14.8亿
- 股权激励费用
- $10.3亿
- 自由现金流
- $7.06亿
- 股东回报 / FCF
- -84.1%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | -28.9× | – | – |
| EV / EBITDA | 900.1× | – | – |
| EV / 营收 | 1.4× | 7.0× | 2.9× – 18.0× |
| 股价 / FCF | 12.8× | 297.4× | 31.6× – 784.6× |
| 股价 / 净资产 | 4.6× | 9.9× | 5.6× – 19.3× |
| FCF收益率 | 7.8% | 1.0% | 0.1% – 3.2% |
| 投入资本回报率 | -5.2% | -14.2% | -20.3% – -8.2% |
| 净资产收益率 | -14.6% | -34.3% | -55.4% – -12.9% |
分析师
一致目标价 $7.37 (+38.0%)
区间 $5.00 – $16.00 · 评级 Hold
强烈买入0
买入28
持有40
卖出5
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $68.2亿 | +14.9% | -$0.05 | +82.6% | -113.5× | 27 |
| FY2027 | $75.4亿 | +10.7% | $0.15 | +415.1% | 36.0× | 27 |
| FY2028 | $81.7亿 | +8.3% | $0.26 | +76.8% | 20.4× | 27 |
| FY2029 | $86亿 | +5.3% | $0.41 | +56.2% | 13.1× | 12 |
| FY2030 | $90.3亿 | +5.1% | $0.48 | +16.1% | 11.2× | 12 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Snap Inc.在近期10-Q / 10-K文件中标记的全部214项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $1.77亿 | $1.17亿 | +51.8% | $2.2亿 | $1.73亿 | +26.9% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $12.4亿 | $11.6亿 | +6.2% | $13.7亿 | $13.5亿 | +1.8% |
| Accrued Liabilities, Current | $10.5亿 | $9.54亿 | +10.5% | $9.72亿 | $10.1亿 | -3.7% |
| Accrued Professional Fees, Current | $7140万2025-12-31 | $6960万 | +2.6% | $7140万 | $6960万 | +2.6% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $3.7亿2025-12-31 | $3.29亿 | +12.6% | $3.7亿 | $3.29亿 | +12.6% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $874万 | $2480万 | -64.7% | $2670万 | $269万 | +890.8% |
| Additional Paid in Capital | $171亿 | $161亿 | +6.3% | $166亿 | $156亿 | +6.3% |
| Advertising Expense | – | – | – | $2360万 | $5770万 | -59.1% |
| Amortization of Debt Issuance Costs and Discounts | -$96.7万 | -$55万 | -75.8% | $688万 | $939万 | -26.7% |
| Amortization of Intangible Assets | $1070万 | $1210万 | -11.6% | $4550万 | $6000万 | -24.2% |
| Assets | $74.7亿 | $74亿 | +1.0% | $76.8亿 | $79.4亿 | -3.3% |
| Assets, Current | $42.1亿 | $42.8亿 | -1.8% | $45.8亿 | $49.1亿 | -6.6% |
| Capital Expenditures Incurred but Not yet Paid | – | – | – | $3250万 | $2930万 | +10.9% |
| Cash and Cash Equivalents, at Carrying Value | $9.59亿 | $9.26亿 | +3.6% | $10.3亿 | $10.5亿 | -1.5% |
| Cash and Cash Equivalents, Fair Value Disclosure | $10.3亿2025-12-31 | $10.5亿 | -1.5% | $10.3亿 | $10.5亿 | -1.5% |
| Cash Equivalents, at Carrying Value | $10.3亿2025-12-31 | $10.5亿 | -1.5% | $10.3亿 | $10.5亿 | -1.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $9.6亿 | $9.29亿 | +3.4% | $10.3亿 | $10.5亿 | -1.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect | -$1.03亿 | $1290万 | -899.9% | -$1880万 | -$7.32亿 | +97.4% |
| Common Stock, Shares, Outstanding | 17.3亿 | 17.3亿 | -0.1% | 17.6亿 | 17.4亿 | +1.1% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$1.7亿 | -$2.5亿 | +32.1% | -$4.36亿 | -$7.02亿 | +37.8% |
| Contract with Customer, Liability, Current | $2.07亿 | $1.4亿 | +47.9% | $1.45亿 | $1.13亿 | +28.8% |
| Contractual Obligation | $26亿 | $43亿 | -39.5% | $34.2亿 | $49.4亿 | -30.7% |
| Contractual Obligation, to be Paid, after Year Five | $4.37亿2025-12-31 | $4.23亿 | +3.3% | $4.37亿 | $4.23亿 | +3.3% |
| Contractual Obligation, to be Paid, Year Five | $9840万2025-12-31 | $8430万 | +16.7% | $9840万 | $8430万 | +16.7% |
| Contractual Obligation, to be Paid, Year Four | $9920万2025-12-31 | $8720万 | +13.8% | $9920万 | $8720万 | +13.8% |
| Contractual Obligation, to be Paid, Year One | $16.1亿2025-12-31 | $14.6亿 | +10.3% | $16.1亿 | $14.6亿 | +10.3% |
| Contractual Obligation, to be Paid, Year Three | $1.04亿2025-12-31 | $10.5亿 | -90.1% | $1.04亿 | $10.5亿 | -90.1% |
| Contractual Obligation, to be Paid, Year Two | $10.8亿2025-12-31 | $18.4亿 | -41.4% | $10.8亿 | $18.4亿 | -41.4% |
| Cost of Revenue | $6.68亿 | $6.53亿 | +2.2% | $26.7亿 | $24.7亿 | +7.9% |
| Costs and Expenses | $17.7亿 | $16亿 | +10.3% | $64.6亿 | $61.5亿 | +5.1% |
| Current Federal Tax Expense (Benefit) | – | – | – | $0 | $522万 | -100.0% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $193万 | $1330万 | -85.5% |
| Current Income Tax Expense (Benefit) | – | – | – | $656万 | $2530万 | -74.1% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $463万 | $681万 | -32.0% |
| Debt and Equity Securities, Gain (Loss) | $12.9万 | $121万 | -89.3% | -$1690万 | -$846万 | -100.2% |
| Debt Instrument, Face Amount | $34.7亿 | $35.1亿 | -1.1% | $34.7亿 | $36.9亿 | -5.9% |
| Debt Instrument, Repurchase Amount | $5.5亿2025-08-31 | – | – | $4.18亿2024-05-31 | – | – |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | -$1.09亿2025-12-31 | $1990万 | -647.7% | -$1.09亿 | $1990万 | -647.7% |
| Debt Instrument, Unamortized Discount (Premium), Net | -$1.04亿 | -$1.05亿 | +1.8% | – | – | – |
| Debt Securities, Available-for-sale | $17亿 | $20亿 | -15.0% | $19亿 | $23.2亿 | -18.0% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | – | – | – | $521万2024-12-31 | – | – |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | – | – | – | $330万2024-12-31 | – | – |
| Debt Securities, Available-for-sale, Allowance for Credit Loss | $02025-12-31 | $0 | – | $0 | $0 | – |
| Debt Securities, Available-for-sale, Amortized Cost | – | – | – | $23.2亿2024-12-31 | – | – |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $8亿 | $10亿 | -20.0% | $9亿 | $11亿 | -18.2% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $154万 | $160万 | -3.3% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $18.9万 | -$229万 | +108.2% |
| Deferred Income Tax Expense (Benefit) | – | – | – | $279万 | $33万 | +746.1% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $106万 | $103万 | +3.3% |
| Deferred Tax Assets, Goodwill and Intangible Assets | $1.99亿2025-12-31 | $1.4亿 | +42.6% | $1.99亿 | $1.4亿 | +42.6% |
| Deferred Tax Assets, Gross | $49.5亿2025-12-31 | $48.3亿 | +2.6% | $49.5亿 | $48.3亿 | +2.6% |
| Deferred Tax Assets, in Process Research and Development | $4.41亿2025-12-31 | $5.99亿 | -26.4% | $4.41亿 | $5.99亿 | -26.4% |
| Deferred Tax Assets, Net | – | – | – | $42.2万2024-12-31 | $101万 | -58.0% |
| Deferred Tax Assets, Operating Loss Carryforwards | $28.7亿2025-12-31 | $27.6亿 | +3.9% | $28.7亿 | $27.6亿 | +3.9% |
| Deferred Tax Assets, Other | $9800万2025-12-31 | $6800万 | +44.2% | $9800万 | $6800万 | +44.2% |
| Deferred Tax Assets, Tax Credit Carryforwards | $11.7亿2025-12-31 | $10.6亿 | +10.3% | $11.7亿 | $10.6亿 | +10.3% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $2370万2025-12-31 | $5820万 | -59.3% | $2370万 | $5820万 | -59.3% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities | $2320万2025-12-31 | $1640万 | +41.5% | $2320万 | $1640万 | +41.5% |
| Deferred Tax Assets, Valuation Allowance | $48.1亿2025-12-31 | $46.8亿 | +2.8% | $48.1亿 | $46.8亿 | +2.8% |
| Deferred Tax Liabilities, Gross | $1.48亿2025-12-31 | $1.5亿 | -1.3% | $1.48亿 | $1.5亿 | -1.3% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-02