Hubspot (HUBS) Operating Leases (2019 - 2026)
Hubspot's (HUBS) quarterly Operating Leases came in at $198.8 million in Q2 2026, down 18.14% on a YoY basis from $242.9 million in Q2 2025, and down 5.4% quarter-over-quarter from $210.2 million in Q1 2026.
Analysis
Hubspot (HUBS) Operating Leases (2019 - 2026) Analysis & Trends
Hubspot (HUBS) has reported Operating Leases for 8 consecutive years, with $198.8 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Leases fell 18.14% year-over-year to $198.8 million; the trailing twelve-month figure through Jun 2026 stood at $198.8 million (down 18.14% YoY), and the FY2025 full-year result was $222.6 million, down 12.55% from the prior year.
- Operating Leases slipped to $198.8 million in Q2 2026 per HUBS's latest filing, from $210.2 million in the prior quarter.
- Across five years, Operating Leases topped out at $316.2 million in Q4 2022 and bottomed at $198.8 million in Q2 2026.
- Historically, Operating Leases has averaged $264.7 million across 5 years, with a median of $265.0 million in 2022.
- The sharpest annual moves came in 2023 and 2026: Operating Leases rose 20.34% in 2023, then retreated 18.14% in 2026.
- Over 5 years, Operating Leases stood at $316.2 million in 2022, then slipped by 6.21% to $296.6 million in 2023, then dropped by 14.17% to $254.5 million in 2024, then fell by 12.55% to $222.6 million in 2025, then slipped by 10.68% to $198.8 million in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $198.8 million, $210.2 million, and $222.6 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Salesforce | 213.40 Bn | 201.99 Bn | 8.70 Bn |
| 2 | Hubspot | 12.30 Bn | 10.96 Bn | 750.86 Mn |
| 3 | Freshworks | 3.35 Bn | 2.68 Bn | 201.28 Mn |
| 4 | Intapp | 3.19 Bn | 3.03 Bn | 118.37 Mn |
| 5 | Blackbaud | 2.14 Bn | 1.30 Bn | 178.16 Mn |
| 6 | Sprinklr | 1.40 Bn | 1.17 Bn | 139.19 Mn |
| 7 | ZoomInfo Technologies | 1.21 Bn | 1.05 Bn | 256.80 Mn |
| 8 | Thryv Holdings | 92.39 Mn | 83.25 Mn | 94.56 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 | 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 |