Hubspot (HUBS) Operating Expenses (2013 - 2026)
Hubspot's (HUBS) quarterly Operating Expenses came in at $707.4 million in Q1 2026, up 12.9% YoY from $626.5 million in Q1 2025, and up 7.05% on a QoQ basis from $660.8 million in Q4 2025.
Hubspot (HUBS) Operating Expenses (2013 - 2026) Analysis & Trends
Hubspot (HUBS) has 14 years of Operating Expenses data on file, last reported at $707.4 million in Q1 2026.
- Quarterly Operating Expenses rose 12.9% year-over-year to $707.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.7 billion (up 13.15% YoY) and the FY2025 annual result came in at $2.6 billion, up 13.62% from the prior year.
- Operating Expenses grew to $707.4 million in Q1 2026, from $660.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $707.4 million in Q1 2026 to a low of $333.8 million in Q1 2022.
- A 5-year average of $540.2 million and a median of $560.4 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 49.36% — and 2024, when it gained 0.95%.
- Tracing HUBS's Operating Expenses over 5 years: stood at $402.9 million in 2022, then climbed by 28.48% to $517.6 million in 2023, then climbed by 17.97% to $610.6 million in 2024, then increased by 8.21% to $660.8 million in 2025, then advanced by 7.05% to $707.4 million in 2026.
- The last three Operating Expenses figures came in at $707.4 million (Q1 2026), $660.8 million (Q4 2025), and $664.8 million (Q3 2025), per Business Quant data.
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Peer Comparison
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|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -16.33 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.22 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 12.30 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 1.25 Bn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 4.34 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 3.67 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.54 Bn |
| 10 | Hubspot | 11.12 Bn | 9.78 Bn | 750.86 Mn | 707.54 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 707.54 Mn |
| Mar 31, 2026 | 707.36 Mn |
| Dec 31, 2025 | 660.80 Mn |
| Sep 30, 2025 | 664.77 Mn |
| Jun 30, 2025 | 663.32 Mn |
| Mar 31, 2025 | 626.51 Mn |
| Dec 31, 2024 | 610.64 Mn |
| Sep 30, 2024 | 580.03 Mn |
| Jun 30, 2024 | 565.65 Mn |
| Mar 31, 2024 | 545.56 Mn |
| Dec 31, 2023 | 517.63 Mn |
| Sep 30, 2023 | 490.47 Mn |
| Jun 30, 2023 | 560.35 Mn |
| Mar 31, 2023 | 464.34 Mn |
| Dec 31, 2022 | 402.88 Mn |
| Sep 30, 2022 | 394.04 Mn |
| Jun 30, 2022 | 395.07 Mn |
| Mar 31, 2022 | 333.82 Mn |
| Dec 31, 2021 | 305.91 Mn |
| Sep 30, 2021 | 284.52 Mn |