Hubspot (HUBS) Research & Development (2013 - 2026)
Hubspot's Research & Development was $223.28 million in Q3 2026, down 1.9% from $227.71 million a year earlier and down 1.1% from the prior quarter.
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Analysis
Hubspot (HUBS) Research & Development (2013 - 2026) Analysis & Trends
On a trailing twelve-month basis, Hubspot's Research & Development was $904.09 million through Sep 30, 2026, up 0.6% year-over-year; for FY2025, it came in at $905.94 million, up 16.3% from FY2024.
- Research & Development has now increased for 13 consecutive years, with a five-year compound annual growth rate of 34.5% (FY2020 to FY2025).
- In earlier years, Research & Development was $778.71 million in FY2024 (+26.1%), $617.75 million in FY2023 (+39.8%), $442.02 million in FY2022 (+46.4%) and $301.97 million in FY2021 (+46.9%).
- Quarterly Research & Development has moved between $83 million (Q4 2021) and $237.34 million (Q2 2025) over five years.
- Compared with a year earlier, Research & Development was higher in six of the last eight quarters, with growth averaging 12.3%.
- The best year-over-year quarter for Research & Development over five years was Q2 2022 (growth of 64.9%); the worst was Q2 2026 (a decline of 4.9%).
- Per Business Quant data, HUBS's Research & Development in the three quarters before Q3 2026 was $225.82 million (Q2 2026), $234.19 million (Q1 2026) and $220.79 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 404.43 Bn | 369.25 Bn | 1.93 Bn | 219.72 Mn |
| 2 | Oracle | 355.53 Bn | 227.67 Bn | - | 2.40 Bn |
| 3 | Sap Se | 273.98 Bn | 227.60 Bn | - | - |
| 4 | Salesforce | 174.33 Bn | 130.20 Bn | 8.70 Bn | 1.69 Bn |
| 5 | Automatic Data Processing | 117.87 Bn | 104.66 Bn | 2.53 Bn | 251.30 Mn |
| 6 | ServiceNow | 104.89 Bn | 84.15 Bn | 2.90 Bn | 956.00 Mn |
| 7 | Intuit | 93.22 Bn | 72.57 Bn | 3.44 Bn | 857.00 Mn |
| 8 | Relx | 72.75 Bn | 71.83 Bn | - | - |
| 9 | Strategy | 49.49 Bn | 36.63 Bn | 89.63 Mn | 24.06 Mn |
| 10 | Hubspot | 10.04 Bn | 4.01 Bn | 782.89 Mn | 223.28 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 223.28 Mn |
| Jun 30, 2026 | 225.82 Mn |
| Mar 31, 2026 | 234.19 Mn |
| Dec 31, 2025 | 220.79 Mn |
| Sep 30, 2025 | 227.71 Mn |
| Jun 30, 2025 | 237.34 Mn |
| Mar 31, 2025 | 220.10 Mn |
| Dec 31, 2024 | 213.71 Mn |
| Sep 30, 2024 | 191.19 Mn |
| Jun 30, 2024 | 198.18 Mn |
| Mar 31, 2024 | 175.64 Mn |
| Dec 31, 2023 | 163.23 Mn |
| Sep 30, 2023 | 156.87 Mn |
| Jun 30, 2023 | 169.96 Mn |
| Mar 31, 2023 | 127.68 Mn |
| Dec 31, 2022 | 116.34 Mn |
| Sep 30, 2022 | 114.04 Mn |
| Jun 30, 2022 | 118.91 Mn |
| Mar 31, 2022 | 92.74 Mn |
| Dec 31, 2021 | 83.00 Mn |
API Access
Hubspot Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=HUBS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "HUBS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=HUBS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();