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 quarter-over-quarter from $294.2 million in Q4 2025.
Monday.Com (MNDY) Operating Expenses (2020 - 2026) Analysis & Trends
Monday.Com (MNDY) has 7 years of Operating Expenses data on file, last reported at $293.4 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $293.4 million, up 20.41% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.2 billion (up 23.1% YoY), and the FY2025 annual result was $1.1 billion, up 23.76% from the prior year.
- Operating Expenses steadied at $293.4 million in Q1 2026 per MNDY's latest filing, from $294.2 million in the prior quarter.
- Over five years, Operating Expenses peaked at $294.2 million in Q4 2025 and troughed at $142.7 million in Q4 2022.
- A 5-year average of $210.3 million and a median of $198.5 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses soared 81.54% in 2022, then rose 4.1% in 2023.
- A 5-year view of Operating Expenses shows it stood at $142.7 million in 2022, then climbed by 27.09% to $181.3 million in 2023, then rose by 25.69% to $227.9 million in 2024, then grew by 29.09% to $294.2 million in 2025, then slipped by 0.26% to $293.4 million in 2026.
- Business Quant data shows MNDY's Operating Expenses at $293.4 million in Q1 2026, $294.2 million in Q4 2025, and $283.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -269.42 Mn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 11.28 Bn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 1.16 Bn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 6.22 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 1.04 Bn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 2.33 Bn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 4.23 Bn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 3.67 Bn |
| 10 | Monday.Com | 43,911.80 | -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 |