Monday.Com (MNDY) Operating Expenses (2020 - 2026)

Monday.Com (MNDY) posted quarterly Operating Expenses of $293.4 million for Q1 2026, up 20.41% year-on-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) Operating Expenses (2020 - 2026) Analysis & Trends

Monday.Com (MNDY) has reported Operating Expenses for 7 consecutive years, with $293.4 million the latest figure, recorded 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.
  • Over the last five years, Operating Expenses for MNDY reached as high as $294.2 million in Q4 2025 and fell as low as $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.
  • Annual changes were most pronounced in 2022 — Operating Expenses surged 81.54% — and 2023, when it advanced 4.1%.
  • Year by year, Operating Expenses 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.
  • According to Business Quant data, Operating Expenses over the past three periods registered $293.4 million, $294.2 million, and $283.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -269.42 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 1.16 Bn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 11.28 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 6.22 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 2.66 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 4.23 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 1.25 Bn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 1.04 Bn
10 Monday.Com 3.44 Bn 2.45 Bn 313.14 Mn 293.39 Mn

Historic Data

Download Data
DateValue
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