Hubspot (HUBS) Operating Expenses (2013 - 2026)
Hubspot's (HUBS) quarterly Operating Expenses came in at $707.5 million in Q2 2026, up 6.67% on a YoY basis from $663.3 million in Q2 2025, and little changed quarter-over-quarter from $707.4 million in Q1 2026.
Analysis
Hubspot (HUBS) Operating Expenses (2013 - 2026) Analysis & Trends
Hubspot (HUBS) has reported Operating Expenses for 14 consecutive years, with $707.5 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 6.67% year-over-year to $707.5 million; the trailing twelve-month figure through Jun 2026 stood at $2.7 billion (up 10.48% YoY), and the FY2025 full-year result was $2.6 billion, up 13.62% from the prior year.
- Operating Expenses held at $707.5 million in Q2 2026 per HUBS's latest filing, from $707.4 million in the prior quarter.
- Across five years, Operating Expenses topped out at $707.5 million in Q2 2026 and bottomed at $333.8 million in Q1 2022.
- Historically, Operating Expenses has averaged $549.5 million across 5 years, with a median of $563.0 million in 2023.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses surged 49.36% in 2022, then advanced 0.95% in 2024.
- Over 5 years, Operating Expenses stood at $402.9 million in 2022, then increased by 28.48% to $517.6 million in 2023, then increased by 17.97% to $610.6 million in 2024, then gained by 8.21% to $660.8 million in 2025, then climbed by 7.07% to $707.5 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $707.5 million, $707.4 million, and $660.8 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Salesforce | 213.40 Bn | 201.99 Bn | 8.70 Bn | 6.37 Bn |
| 2 | Hubspot | 12.30 Bn | 10.96 Bn | 750.86 Mn | 707.54 Mn |
| 3 | Freshworks | 3.35 Bn | 2.68 Bn | 201.28 Mn | 195.22 Mn |
| 4 | Intapp | 3.19 Bn | 3.03 Bn | 118.37 Mn | 122.59 Mn |
| 5 | Blackbaud | 2.14 Bn | 1.30 Bn | 178.16 Mn | 116.15 Mn |
| 6 | Sprinklr | 1.40 Bn | 1.17 Bn | 139.19 Mn | 129.23 Mn |
| 7 | ZoomInfo Technologies | 1.21 Bn | 1.05 Bn | 256.80 Mn | 878.80 Mn |
| 8 | Thryv Holdings | 92.39 Mn | 83.25 Mn | 94.56 Mn | 95.70 Mn |
| 9 | Helport AI | 24.20 Mn | 23.92 Mn | - | - |
| 10 | Youxin Technology | 3.56 Mn | -263,824.72 | - | - |
Historic Data
Download Data
Historic 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 |