Hub (HUBG) Operating Expenses (2009 - 2025)
Hub (HUBG) posted Operating Expenses of $895.1 million for Q3 2025, up 2.73% on a QoQ basis from $871.3 million in Q2 2025, and down 6.26% year-over-year from $954.8 million in Q3 2024.
Analysis
Hub (HUBG) Operating Expenses (2009 - 2025) Analysis & Trends
Hub has reported Operating Expenses for 17 years, with the latest figure at $895.1 million in Q3 2025.
- On a quarterly basis, Operating Expenses fell 6.26% year-over-year to $895.1 million in Q3 2025; TTM through Sep 2025 was $3.6 billion, a 6.11% decrease from a year earlier, with the FY2024 full-year figure at $3.8 billion, down 4.62% from the prior year.
- Operating Expenses was $895.1 million for Q3 2025 at Hub, up from $871.3 million in the prior quarter.
- The five-year high for Operating Expenses was $3.7 billion in Q4 2021, with the low at $83.6 million in Q2 2021.
- Average Operating Expenses over 5 years is $1.0 billion, with a median of $955.6 million recorded in 2023.
- The sharpest annual moves came in 2021 and 2022: Operating Expenses soared 4911.48% in 2021, then tumbled 68.31% in 2022.
- Over 5 years, Operating Expenses stood at $3.7 billion in 2021, then plunged by 68.31% to $1.2 billion in 2022, then declined by 19.1% to $955.6 million in 2023, then slipped by 1.43% to $942.0 million in 2024, then dropped by 4.98% to $895.1 million in 2025.
- The last three Operating Expenses figures came in at $895.1 million (Q3 2025), $871.3 million (Q2 2025), and $877.9 million (Q1 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Copart | 28.74 Bn | 25.39 Bn | 732.88 Mn | 772.78 Mn |
| 2 | Expeditors International Of Washington | 24.78 Bn | 23.75 Bn | 1.09 Bn | 3.15 Bn |
| 3 | C. H. Robinson Worldwide | 18.07 Bn | 17.92 Bn | 1.11 Bn | 4.68 Bn |
| 4 | Rb Global | 14.96 Bn | 14.44 Bn | 935.50 Mn | 1.09 Bn |
| 5 | Ryder System | 9.29 Bn | 9.29 Bn | 1.45 Bn | 3.16 Bn |
| 6 | Landstar System | 5.89 Bn | 5.55 Bn | 308.86 Mn | 1.37 Bn |
| 7 | GXO Logistics | 5.22 Bn | 4.45 Bn | 508.00 Mn | 389.00 Mn |
| 8 | Rxo | 3.30 Bn | 3.28 Bn | 302.00 Mn | 218.00 Mn |
| 9 | Hub | 2.14 Bn | 1.99 Bn | 250.84 Mn | 895.05 Mn |
| 10 | Cryoport | 770.01 Mn | 373.32 Mn | 22.82 Mn | 32.86 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 895.05 Mn |
| Jun 30, 2025 | 871.30 Mn |
| Mar 31, 2025 | 877.88 Mn |
| Dec 31, 2024 | 941.99 Mn |
| Sep 30, 2024 | 954.79 Mn |
| Jun 30, 2024 | 946.97 Mn |
| Mar 31, 2024 | 962.35 Mn |
| Dec 31, 2023 | 955.62 Mn |
| Sep 30, 2023 | 982.28 Mn |
| Jun 30, 2023 | 978.39 Mn |
| Mar 31, 2023 | 1.07 Bn |
| Dec 31, 2022 | 1.18 Bn |
| Sep 30, 2022 | 1.24 Bn |
| Jun 30, 2022 | 1.26 Bn |
| Mar 31, 2022 | 1.18 Bn |
| Dec 31, 2021 | 3.73 Bn |
| Sep 30, 2021 | 97.73 Mn |
| Jun 30, 2021 | 83.61 Mn |
| Mar 31, 2021 | 84.70 Mn |
| Dec 31, 2020 | 74.39 Mn |