Hubspot (HUBS) Operating Leases (2019 - 2026)

Hubspot (HUBS) posted Operating Leases of $210.2 million for Q1 2026, down 5.59% on a QoQ basis from $222.6 million in Q4 2025, and down 15.79% year-over-year from $249.6 million in Q1 2025.

Hubspot (HUBS) Operating Leases (2019 - 2026) Analysis & Trends

Hubspot's Operating Leases history runs 8 years deep, the most recent figure standing at $210.2 million for 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 was $210.2 million for Q1 2026 at Hubspot, down from $222.6 million in the prior quarter.
  • Across five years, Operating Leases topped out at $316.2 million in Q4 2022 and bottomed at $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 advanced 20.34% — and 2026, when it decreased 15.79%.
  • Hubspot's 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 declined by 5.59% to $210.2 million in 2026.
  • Business Quant data shows HUBS's Operating Leases at $210.2 million in Q1 2026, $222.6 million in Q4 2025, and $233.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn -
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn
10 Hubspot 9.97 Bn 8.28 Bn 735.30 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 259.70 Mn