Hubspot (HUBS) Operating Leases (2019 - 2026)
Hubspot's (HUBS) quarterly Operating Leases came in at $210.2 million in Q1 2026, down 15.79% YoY from $249.6 million in Q1 2025, and down 5.59% on a QoQ basis from $222.6 million in Q4 2025.
Hubspot (HUBS) Operating Leases (2019 - 2026) Analysis & Trends
Hubspot (HUBS) has 8 years of Operating Leases data on file, last reported at $210.2 million in Q1 2026.
- Quarterly Operating Leases fell 15.79% year-over-year to $210.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $210.2 million (down 15.79% YoY) and the FY2025 annual result came in at $222.6 million, down 12.55% from the prior year.
- Operating Leases slipped to $210.2 million in Q1 2026, from $222.6 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $316.2 million in Q4 2022 to a low of $210.2 million in Q1 2026.
- A 5-year average of $268.6 million and a median of $265.7 million in 2024 frame the typical range for Operating Leases.
- Annual changes were most pronounced in 2023 — Operating Leases increased 20.34% — and 2026, when it declined 15.79%.
- Tracing HUBS's Operating Leases over 5 years: stood at $316.2 million in 2022, then retreated by 6.21% to $296.6 million in 2023, then decreased by 14.17% to $254.5 million in 2024, then dropped by 12.55% to $222.6 million in 2025, then slipped by 5.59% to $210.2 million in 2026.
- The last three Operating Leases figures came in at $210.2 million (Q1 2026), $222.6 million (Q4 2025), and $233.2 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn |
| 10 | Hubspot | 11.12 Bn | 9.78 Bn | 750.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 198.82 Mn |
| Mar 31, 2026 | 210.16 Mn |
| Dec 31, 2025 | 222.60 Mn |
| Sep 30, 2025 | 233.23 Mn |
| Jun 30, 2025 | 242.87 Mn |
| Mar 31, 2025 | 249.57 Mn |
| Dec 31, 2024 | 254.54 Mn |
| Sep 30, 2024 | 265.71 Mn |
| Jun 30, 2024 | 273.14 Mn |
| Mar 31, 2024 | 284.49 Mn |
| Dec 31, 2023 | 296.56 Mn |
| Sep 30, 2023 | 301.66 Mn |
| Jun 30, 2023 | 313.63 Mn |
| Mar 31, 2023 | 309.04 Mn |
| Dec 31, 2022 | 316.18 Mn |
| Sep 30, 2022 | 250.68 Mn |
| Jun 30, 2022 | 264.23 Mn |
| Mar 31, 2022 | 278.06 Mn |
| Dec 31, 2021 | 283.87 Mn |
| Sep 30, 2021 | 289.54 Mn |