Monday.Com (MNDY) Operating Expenses (2020 - 2026)
Monday.Com (MNDY) reported Operating Expenses of $293.4 million for Q1 2026, up 20.41% year-over-year from $243.6 million in Q1 2025, and little changed on a QoQ basis from $294.2 million in Q4 2025.
Monday.Com (MNDY) has 7 years of Operating Expenses data on file, last reported at $293.4 million in Q1 2026.
- Quarterly Operating Expenses rose 20.41% year-over-year to $293.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.2 billion (up 23.1% YoY) and the FY2025 annual result came in at $1.1 billion, up 23.76% from the prior year.
- Operating Expenses held at $293.4 million in Q1 2026 per MNDY's latest filing, from $294.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at $294.2 million in Q4 2025 and bottomed at $142.7 million in Q4 2022.
- The 5-year median for Operating Expenses is $198.5 million (2024), against an average of $210.3 million.
- The widest annual swing landed in 2022, when Operating Expenses jumped 81.54%; it then grew 4.1% in 2023.
- Tracing MNDY's Operating Expenses over 5 years: stood at $142.7 million in 2022, then gained by 27.09% to $181.3 million in 2023, then grew by 25.69% to $227.9 million in 2024, then advanced by 29.09% to $294.2 million in 2025, then retreated by 0.26% to $293.4 million in 2026.
- Per Business Quant, the three latest MNDY Operating Expenses figures stand at $293.4 million (Q1 2026), $294.2 million (Q4 2025), and $283.4 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 6.82 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 11.28 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 1.16 Bn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 2.33 Bn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 1.04 Bn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 3.32 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 4.23 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 4.54 Bn |
| 10 | Monday.Com | 45,851.90 | -1.50 Bn | 313.14 Mn | 293.39 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 293.39 Mn |
| Dec 31, 2025 | 294.16 Mn |
| Sep 30, 2025 | 283.45 Mn |
| Jun 30, 2025 | 279.39 Mn |
| Mar 31, 2025 | 243.65 Mn |
| Dec 31, 2024 | 227.88 Mn |
| Sep 30, 2024 | 252.43 Mn |
| Jun 30, 2024 | 210.55 Mn |
| Mar 31, 2024 | 198.48 Mn |
| Dec 31, 2023 | 181.31 Mn |
| Sep 30, 2023 | 170.00 Mn |
| Jun 30, 2023 | 168.33 Mn |
| Mar 31, 2023 | 167.99 Mn |
| Dec 31, 2022 | 142.66 Mn |
| Sep 30, 2022 | 147.30 Mn |
| Jun 30, 2022 | 153.17 Mn |
| Mar 31, 2022 | 161.38 Mn |
| Dec 31, 2021 | 115.38 Mn |
| Sep 30, 2021 | 102.02 Mn |
| Jun 30, 2021 | 88.98 Mn |
| Mar 31, 2021 | 88.90 Mn |
| Dec 31, 2020 | 105.16 Mn |
| Sep 30, 2020 | 76.91 Mn |
| Jun 30, 2020 | 59.77 Mn |