Hubspot (HUBS) Gross Margin (2013 - 2026)
Hubspot's Gross Margin was 82.35% in Q2 2026, down 1.59 percentage points from 83.94% a year earlier and down 1.11 percentage points from the prior quarter.
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Analysis
Hubspot (HUBS) Gross Margin (2013 - 2026) Analysis & Trends
On a trailing twelve-month basis, Hubspot's Gross Margin was 83.25% through Jun 30, 2026, down 1.30 percentage points year-over-year; for FY2025, it came in at 83.76%, down 1.27 percentage points from FY2024.
- Gross Margin shows a five-year change of +2.67 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 85.03% in FY2024 (+0.62 pp), 84.41% in FY2023 (+2.20 pp), 82.21% in FY2022 (+2.11 pp) and 80.10% in FY2021 (-0.99 pp).
- The Q2 2026 figure marks the lowest quarterly Gross Margin since Q3 2022.
- Compared with a year earlier, Gross Margin has declined for six straight quarters, with an average year-over-year change of -0.77 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q4 2022 (a gain of 3.64 percentage points); the worst was Q3 2021 (a drop of 1.87 percentage points).
- Per Business Quant data, HUBS's Gross Margin in the three quarters before Q2 2026 was 83.46% (Q1 2026), 83.74% (Q4 2025) and 83.51% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | 84.66% |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | - |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | 73.17% |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 76.65% |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 70.68% |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | 45.88% |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 79.10% |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | 66.64% |
| 10 | Hubspot | 10.09 Bn | 3.87 Bn | 750.86 Mn | 82.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 82.35% |
| Mar 31, 2026 | 83.46% |
| Dec 31, 2025 | 83.74% |
| Sep 30, 2025 | 83.51% |
| Jun 30, 2025 | 83.94% |
| Mar 31, 2025 | 83.88% |
| Dec 31, 2024 | 85.30% |
| Sep 30, 2024 | 85.17% |
| Jun 30, 2024 | 85.01% |
| Mar 31, 2024 | 84.60% |
| Dec 31, 2023 | 84.97% |
| Sep 30, 2023 | 84.64% |
| Jun 30, 2023 | 83.94% |
| Mar 31, 2023 | 83.99% |
| Dec 31, 2022 | 84.24% |
| Sep 30, 2022 | 81.50% |
| Jun 30, 2022 | 81.29% |
| Mar 31, 2022 | 81.56% |
| Dec 31, 2021 | 80.60% |
| Sep 30, 2021 | 79.48% |
API Access
Hubspot Gross Margin 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=gross-margin&ticker=HUBS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=HUBS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();