diff --git a/src/vs/editor/contrib/snippet/snippetParser.ts b/src/vs/editor/contrib/snippet/snippetParser.ts
index 5273a9dee6a..b44c9fda3be 100644
--- a/src/vs/editor/contrib/snippet/snippetParser.ts
+++ b/src/vs/editor/contrib/snippet/snippetParser.ts
@@ -861,6 +861,14 @@ export class SnippetParser {
 			if (this._accept(TokenType.Forwardslash)) {
 				break;
 			}
+
+			let escaped: string;
+			if (escaped = this._accept(TokenType.Backslash, true)) {
+				escaped = this._accept(TokenType.Forwardslash, true) || escaped;
+				transform.appendChild(new Text(escaped));
+				continue;
+			}
+
 			if (this._parseFormatString(transform) || this._parseAnything(transform)) {
 				continue;
 			}
diff --git a/src/vs/editor/contrib/snippet/test/snippetParser.test.ts b/src/vs/editor/contrib/snippet/test/snippetParser.test.ts
index 0c2fd49ad80..4ed94f7f584 100644
--- a/src/vs/editor/contrib/snippet/test/snippetParser.test.ts
+++ b/src/vs/editor/contrib/snippet/test/snippetParser.test.ts
@@ -244,6 +244,12 @@ suite('SnippetParser', () => {
 		assertMarker('${TM_DIRECTORY/src\\//$1/}', Variable);
 	});
 
+	test('No way to escape forward slash in snippet format section #37562', function () {
+		assertMarker('${TM_SELECTED_TEXT/a/\\/$1/g}', Variable);
+		assertMarker('${TM_SELECTED_TEXT/a/in\\/$1ner/g}', Variable);
+		assertMarker('${TM_SELECTED_TEXT/a/end\\//g}', Variable);
+	});
+
 	test('Parser, placeholder with choice', () => {
 
 		assertTextAndMarker('${1|one,two,three|}', 'one', Placeholder);