Hub Group, Inc. (HUBG) Operating Expenses (2009 - 2025)
Hub (HUBG) recorded Operating Expenses of $895.05 million in Q3 2025, down 6.3% from $954.79 million a year earlier but up 2.7% from the prior quarter.
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Analysis
Hub Group, Inc. (HUBG) Operating Expenses (2009 - 2025) Analysis & Trends
On a TTM basis, Hub's Operating Expenses came in at $3.59 billion as of Sep 30, 2025, down 6.1% year-over-year; for FY2024, it was $3.81 billion, down 4.6% from FY2023.
- Annual Operating Expenses has a five-year compound annual growth rate of 59.5% (FY2019 to FY2024).
- Across earlier years, Operating Expenses came in at $3.99 billion in FY2023 (-18.0%), $4.87 billion in FY2022 (+21.8%), $3.99 billion in FY2021 and $319.61 million in FY2020 (-13.3%).
- Quarterly Operating Expenses has ranged from $74.39 million in Q4 2020 to $3.73 billion in Q4 2021 over the past five years.
- On a year-over-year basis, Operating Expenses has declined for 12 consecutive quarters, with an average decline of 7.5% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 31.9% in Q3 2021, against a decline of 68.3% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $871.3 million (Q2 2025), $877.88 million (Q1 2025) and $941.99 million (Q4 2024).
Peer Set
Peer Comparison
Historic Data
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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 |
API Access
Hub Group, Inc. 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=HUBG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "HUBG", "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=HUBG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();