Hubspot (HUBS) Net Margin (2013 - 2026)
Hubspot (HUBS) reported Net Margin of 3.7% for Q1 2026, up 675.0% on a YoY basis from 0.48% in Q1 2025, and up 664.47% quarter-over-quarter from 0.65% in Q4 2025.
Hubspot (HUBS) Net Margin (2013 - 2026) Analysis & Trends
Hubspot has reported Net Margin for 14 years, with the latest figure at 3.7% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 675.0% year-over-year to 3.7%; the trailing twelve-month figure through Mar 2026 stood at 1.22% (up 207.0% YoY), and the FY2025 full-year result was 0.45%, down 63.0% from the prior year.
- Net Margin for Q1 2026 stood at 3.7%, up from 0.65% in the prior quarter.
- The five-year high for Net Margin was 22.72% in Q4 2022, with the low at 21.13% in Q2 2023.
- Historically, Net Margin has averaged 1.71% across 5 years, with a median of 0.65% in 2025.
- Annual changes were most pronounced in 2023 — Net Margin slumped 2476 bps — and 2024, when it jumped 1886 bps.
- Hubspot's Net Margin stood at 22.72% in 2022, then slumped by 109 bps to 2.04% in 2023, then surged by 135 bps to 0.71% in 2024, then slumped by 192 bps to 0.65% in 2025, then soared by 664 bps to 3.7% in 2026.
- The last three Net Margin figures came in at 3.7% (Q1 2026), 0.65% (Q4 2025), and 2.04% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 2.29% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | -18.33% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 18.74% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 22.77% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 12.44% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 22.90% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 25.87% |
| 10 | Hubspot | 9.55 Bn | 8.42 Bn | 735.30 Mn | 3.70% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.70% |
| Dec 31, 2025 | -0.65% |
| Sep 30, 2025 | 2.04% |
| Jun 30, 2025 | -0.43% |
| Mar 31, 2025 | -3.05% |
| Dec 31, 2024 | 0.71% |
| Sep 30, 2024 | 1.22% |
| Jun 30, 2024 | -2.27% |
| Mar 31, 2024 | 0.96% |
| Dec 31, 2023 | -2.04% |
| Sep 30, 2023 | -0.64% |
| Jun 30, 2023 | -21.13% |
| Mar 31, 2023 | -7.32% |
| Dec 31, 2022 | 22.72% |
| Sep 30, 2022 | -7.08% |
| Jun 30, 2022 | -13.36% |
| Mar 31, 2022 | -2.36% |
| Dec 31, 2021 | 18.89% |
| Sep 30, 2021 | -4.05% |
| Jun 30, 2021 | -7.91% |