Honest Company (HNST) Operating Expenses (2020 - 2026)
Honest Company (HNST) reported Operating Expenses of $30.78 million for Q2 2026, down 11.7% from $34.86 million a year earlier and down 9.3% from the prior quarter.
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Analysis
Honest Company (HNST) Operating Expenses (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Honest Company's Operating Expenses came in at $136.9 million, down 7.6% year-over-year; for FY2025, it was $142.22 million, down 5.8% from FY2024.
- Operating Expenses has a five-year compound annual growth rate of 3.2% (FY2020 to FY2025).
- By year, Operating Expenses came in at $150.99 million in FY2024 (+8.3%), $139.44 million in FY2023 (-1.9%), $142.1 million in FY2022 (-2.7%) and $146 million in FY2021 (+20.2%).
- The Q2 2026 figure ranks as the lowest quarterly Operating Expenses since Q4 2023.
- Year over year, Operating Expenses has now declined in each of the last five quarters, with growth averaging 1.1% over the last eight quarters.
- The high point for year-over-year Operating Expenses in five years was Q4 2024 (growth of 36.8%); the low point was Q2 2022 (a decline of 26.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $33.93 million (Q1 2026), $38.01 million (Q4 2025) and $34.18 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Procter & Gamble | 344.85 Bn | 300.84 Bn | 10.28 Bn | 6.33 Bn |
| 2 | Colgate Palmolive | 68.93 Bn | 63.99 Bn | 3.30 Bn | 2.13 Bn |
| 3 | Kenvue | 34.39 Bn | 30.01 Bn | 2.30 Bn | 1.60 Bn |
| 4 | Estee Lauder Companies | 34.18 Bn | 22.26 Bn | 2.74 Bn | 2.78 Bn |
| 5 | Kimberly Clark | 32.92 Bn | 30.25 Bn | 1.60 Bn | - |
| 6 | Church & Dwight | 22.52 Bn | 21.05 Bn | 693.90 Mn | 252.20 Mn |
| 7 | Clorox | 9.87 Bn | 8.31 Bn | 804.00 Mn | 330.00 Mn |
| 8 | e.l.f. Beauty | 5.99 Bn | 4.97 Bn | 398.84 Mn | 280.32 Mn |
| 9 | Reynolds Consumer Products | 4.65 Bn | 4.32 Bn | 245.00 Mn | 107.00 Mn |
| 10 | Honest Company | 597.39 Mn | 240.09 Mn | 40.36 Mn | 30.78 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.78 Mn |
| Mar 31, 2026 | 33.93 Mn |
| Dec 31, 2025 | 38.01 Mn |
| Sep 30, 2025 | 34.18 Mn |
| Jun 30, 2025 | 34.86 Mn |
| Mar 31, 2025 | 35.16 Mn |
| Dec 31, 2024 | 39.80 Mn |
| Sep 30, 2024 | 38.34 Mn |
| Jun 30, 2024 | 39.66 Mn |
| Mar 31, 2024 | 33.20 Mn |
| Dec 31, 2023 | 29.10 Mn |
| Sep 30, 2023 | 35.20 Mn |
| Jun 30, 2023 | 36.29 Mn |
| Mar 31, 2023 | 38.86 Mn |
| Dec 31, 2022 | 35.26 Mn |
| Sep 30, 2022 | 37.36 Mn |
| Jun 30, 2022 | 34.30 Mn |
| Mar 31, 2022 | 35.17 Mn |
| Dec 31, 2021 | 32.69 Mn |
| Sep 30, 2021 | 34.35 Mn |
API Access
Honest Company Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=HNST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "HNST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=HNST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();