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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |