Hubspot (HUBS) Operating Expenses (2013 - 2026)

Hubspot's Operating Expenses history runs 14 years deep, the most recent figure standing at $707.4 million for 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 was $707.4 million for Q1 2026 at Hubspot, up from $660.8 million in the prior quarter.
• Across five years, Operating Expenses topped out at $707.4 million in Q1 2026 and bottomed at $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 grew 0.95%.
• Hubspot's 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 grew by 7.05% to $707.4 million in 2026.
• Business Quant data shows HUBS's Operating Expenses at $707.4 million in Q1 2026, $660.8 million in Q4 2025, and $664.8 million in Q3 2025.