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| Date | Value |
|---|---|
| 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 |