Hubspot (HUBS) Net Margin (2013 - 2026)
Hubspot's (HUBS) quarterly Net Margin came in at 3.7% in Q1 2026, up 675.0% YoY from 0.48% in Q1 2025, and down 55.02% on a QoQ basis from 8.22% in Q4 2025.
Hubspot (HUBS) Net Margin (2013 - 2026) Analysis & Trends
Hubspot (HUBS) has 14 years of Net Margin data on file, last reported at 3.7% in Q1 2026.
- Quarterly Net Margin rose 675.0% year-over-year to 3.7% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 3.5% (up 576.0% YoY) and the FY2025 annual result came in at 1.95%, up 324.0% from the prior year.
- Net Margin retreated to 3.7% in Q1 2026, from 8.22% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 43.12% in Q4 2023 to a low of 21.13% in Q2 2023.
- A 5-year average of 0.14% and a median of 0.64% in 2023 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2023 — Net Margin surged 4233 bps — and 2024, when it plunged 4787 bps.
- Tracing HUBS's Net Margin over 5 years: stood at 0.79% in 2022, then soared by 5363 bps to 43.12% in 2023, then slumped by 111 bps to 4.76% in 2024, then soared by 273 bps to 8.22% in 2025, then plunged by 55 bps to 3.7% in 2026.
- The last three Net Margin figures came in at 3.7% (Q1 2026), 8.22% (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 | 255.48 Bn | 234.41 Bn | 16.51 Bn | 21.16% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 41.92% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 18.93% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 17.17% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 7.47% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -21.25% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 17.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 25.87% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 35.80% |
| 10 | Hubspot | 11.12 Bn | 9.78 Bn | 750.86 Mn | 4.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.75% |
| Mar 31, 2026 | 3.70% |
| Dec 31, 2025 | 8.22% |
| Sep 30, 2025 | 2.04% |
| Jun 30, 2025 | -0.43% |
| Mar 31, 2025 | -3.05% |
| Dec 31, 2024 | -4.76% |
| Sep 30, 2024 | 1.22% |
| Jun 30, 2024 | -2.27% |
| Mar 31, 2024 | 0.96% |
| Dec 31, 2023 | 43.12% |
| Sep 30, 2023 | -0.64% |
| Jun 30, 2023 | -21.13% |
| Mar 31, 2023 | -7.32% |
| Dec 31, 2022 | 0.79% |
| Sep 30, 2022 | -7.08% |
| Jun 30, 2022 | -13.36% |
| Mar 31, 2022 | -2.36% |
| Dec 31, 2021 | -3.27% |
| Sep 30, 2021 | -4.05% |