Hubspot (HUBS) Accumulated Expenses (2017 - 2026)
Hubspot (HUBS) recorded Accumulated Expenses of $192.76 million in Q3 2026, up 25.0% from $154.18 million a year earlier but down 1.0% from the prior quarter.
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Analysis
Hubspot (HUBS) Accumulated Expenses (2017 - 2026) Analysis & Trends
At the end of FY2025, Hubspot reported Accumulated Expenses of $166.86 million, up 33.3% from FY2024.
- Annual Accumulated Expenses has a five-year compound annual growth rate of 35.0% (FY2020 to FY2025).
- Across earlier years, Accumulated Expenses came in at $125.14 million in FY2024 (+33.0%), $94.07 million in FY2023 (-1.0%), $95.01 million in FY2022 (+27.6%) and $74.46 million in FY2021 (+100.2%).
- Quarterly Accumulated Expenses has ranged from $74.46 million in Q4 2021 to $194.73 million in Q2 2026 over the past five years.
- On a year-over-year basis, Accumulated Expenses has increased for eight consecutive quarters, with growth averaging 39.0% over the last eight quarters.
- Peak year-over-year performance for Accumulated Expenses in the last five years was growth of 115.1% in Q2 2022, against a decline of 39.6% in Q2 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $194.73 million (Q2 2026), $163.85 million (Q1 2026) and $166.86 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palantir Technologies | 406.71 Bn | 371.66 Bn | 1.93 Bn |
| 2 | Oracle | 356.71 Bn | 229.27 Bn | 18.57 Bn |
| 3 | Sap Se | 287.26 Bn | 215.24 Bn | 8.64 Bn |
| 4 | Salesforce | 175.69 Bn | 131.56 Bn | 8.70 Bn |
| 5 | Automatic Data Processing | 120.83 Bn | 107.63 Bn | 2.53 Bn |
| 6 | ServiceNow | 103.38 Bn | 82.65 Bn | 2.90 Bn |
| 7 | Intuit | 91.37 Bn | 70.72 Bn | 3.44 Bn |
| 8 | Relx | 72.62 Bn | 72.62 Bn | - |
| 9 | Strategy | 48.71 Bn | 35.85 Bn | 89.63 Mn |
| 10 | Hubspot | 9.62 Bn | 7.26 Bn | 782.89 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 192.76 Mn |
| Jun 30, 2026 | 194.73 Mn |
| Mar 31, 2026 | 163.85 Mn |
| Dec 31, 2025 | 166.86 Mn |
| Sep 30, 2025 | 154.18 Mn |
| Jun 30, 2025 | 152.88 Mn |
| Mar 31, 2025 | 129.57 Mn |
| Dec 31, 2024 | 125.14 Mn |
| Sep 30, 2024 | 99.36 Mn |
| Jun 30, 2024 | 95.08 Mn |
| Mar 31, 2024 | 85.85 Mn |
| Dec 31, 2023 | 94.07 Mn |
| Sep 30, 2023 | 134.91 Mn |
| Jun 30, 2023 | 157.49 Mn |
| Mar 31, 2023 | 131.49 Mn |
| Dec 31, 2022 | 95.01 Mn |
| Sep 30, 2022 | 90.83 Mn |
| Jun 30, 2022 | 96.26 Mn |
| Mar 31, 2022 | 84.83 Mn |
| Dec 31, 2021 | 74.46 Mn |
API Access
Hubspot Accumulated 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=accumulated-expenses&ticker=HUBS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "HUBS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=HUBS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();