Tech companies ranked by stock-based compensation as % of revenue
Which tech companies pay the most in stock, relative to revenue?
Snowflake leads with 34.1% (FY2026)
Method and sources
Stock-based compensation ÷ revenue. Latest fiscal year per company (FY2025, FY2026); fiscal years end on different dates, so years are not calendar-aligned.
A ratio of two values in the same filing currency, so companies are comparable regardless of currency.
Not ranked: Cerebras, Ericsson, MercadoLibre (no SEC value for the latest fiscal year in the data).
Equal rounded values share a rank (marked “=”).
Derived = calculated by Hollsteen from reported SEC values; reported = as tagged in the filing. Each row links to the filing. SEC filings only, no market data.
All 97 companies
More rankings: Revenue · Net income · Free cash flow · Gross margin · Operating margin · Net margin · 3-year revenue growth · R&D spending · R&D as % of revenue · Share buybacks