Hubspot HUBS
NYSE HUBS
$247.73 -7.37 (-2.89%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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