The effect of snow depth on litter decomposition in cold regions has attracted substantial attention, but the importance of snow depth to the releases of carbon (C), nitrogen (N), and phosphorus (P) and the underlying mechanisms remain unclear. The releases of C, N, and P from the foliar litter of Pinus koraiensis and Quercus mongolica in response to snow depth changes were examined for 12 months in a temperate forest of Northeast China via a snow depth manipulation experiment that included snow-addition (SA), snow-removal (SR), and control (CK) treatments. We found that the SA treatment promoted the releases of C, N, and P from the foliar litter during the snow-covered season but slowed these processes during the following snow-free season; however, the SR treatment produced the opposite results. Compared with the CK treatment, the SA treatment increased the annual releases of C, N, and P by 2.52%, 0.50%, and 4.68%, respectively, whereas the SR treatment decreased the corresponding values. The elemental release during the snow-covered season was associated with the freeze-thaw cycle (FTC) and microbial biomass, whereas that during the snow-free season was mainly controlled by the temperature of the litter layer. Our findings indicated that the snow depth promoted the releases of C, N and P from the foliar litter of the two tree species, especially during the snow-covered season. These results deepen the understanding of the biogeochemical cycling in cold regions under global climate change scenarios.