Hubspot (HUBS) Operating Expenses (2013 - 2026)

Hubspot has reported Operating Expenses for 14 years, with the latest figure at $707.4 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 12.9% year-over-year to $707.4 million; the trailing twelve-month figure through Mar 2026 stood at $2.7 billion (up 13.15% YoY), and the FY2025 full-year result was $2.6 billion, up 13.62% from the prior year.
• Operating Expenses for Q1 2026 stood at $707.4 million, up from $660.8 million in the prior quarter.
• The five-year high for Operating Expenses was $707.4 million in Q1 2026, with the low at $333.8 million in Q1 2022.
• Historically, Operating Expenses has averaged $540.2 million across 5 years, with a median of $560.4 million in 2023.
• Annual changes were most pronounced in 2022 — Operating Expenses jumped 49.36% — and 2024, when it gained 0.95%.
• Hubspot's Operating Expenses 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.