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

Hubspot (HUBS) Research & Development (2013 - 2026)

Hubspot's (HUBS) quarterly Research & Development came in at $397.7 million in Q2 2026, up 17.01% on a YoY basis from $339.9 million in Q2 2025, and up 2.92% quarter-over-quarter from $386.4 million in Q1 2026.

Analysis

Hubspot (HUBS) Research & Development (2013 - 2026) Analysis & Trends

Hubspot (HUBS) has reported Research & Development for 14 consecutive years, with $397.7 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Research & Development rose 17.01% year-over-year to $397.7 million; the trailing twelve-month figure through Jun 2026 stood at $1.5 billion (up 15.92% YoY), and the FY2025 full-year result was $1.4 billion, up 13.17% from the prior year.
  • Research & Development climbed to $397.7 million in Q2 2026 per HUBS's latest filing, from $386.4 million in the prior quarter.
  • Across five years, Research & Development topped out at $397.7 million in Q2 2026 and bottomed at $197.1 million in Q1 2022.
  • Historically, Research & Development has averaged $296.5 million across 5 years, with a median of $297.0 million in 2024.
  • The sharpest annual moves came in 2022 and 2025: Research & Development surged 42.12% in 2022, then climbed 8.8% in 2025.
  • Over 5 years, Research & Development stood at $235.1 million in 2022, then grew by 19.57% to $281.1 million in 2023, then gained by 11.99% to $314.8 million in 2024, then increased by 13.56% to $357.5 million in 2025, then gained by 11.24% to $397.7 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $397.7 million, $386.4 million, and $357.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Salesforce 213.40 Bn 201.99 Bn 8.70 Bn 3.86 Bn
2 Hubspot 12.30 Bn 10.96 Bn 750.86 Mn 397.71 Mn
3 Freshworks 3.35 Bn 2.68 Bn 201.28 Mn 106.45 Mn
4 Intapp 3.19 Bn 3.03 Bn 118.37 Mn 51.36 Mn
5 Blackbaud 2.14 Bn 1.30 Bn 178.16 Mn 46.26 Mn
6 Sprinklr 1.40 Bn 1.17 Bn 139.19 Mn 70.93 Mn
7 ZoomInfo Technologies 1.21 Bn 1.05 Bn 256.80 Mn 107.70 Mn
8 Thryv Holdings 92.39 Mn 83.25 Mn 94.56 Mn 47.04 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 397.71 Mn
Mar 31, 2026 386.43 Mn
Dec 31, 2025 357.53 Mn
Sep 30, 2025 355.27 Mn
Jun 30, 2025 339.88 Mn
Mar 31, 2025 326.70 Mn
Dec 31, 2024 314.83 Mn
Sep 30, 2024 309.93 Mn
Jun 30, 2024 293.79 Mn
Mar 31, 2024 300.28 Mn
Dec 31, 2023 281.14 Mn
Sep 30, 2023 271.45 Mn
Jun 30, 2023 265.29 Mn
Mar 31, 2023 250.68 Mn
Dec 31, 2022 235.13 Mn
Sep 30, 2022 229.54 Mn
Jun 30, 2022 224.26 Mn
Mar 31, 2022 197.13 Mn
Dec 31, 2021 180.85 Mn
Sep 30, 2021 170.02 Mn