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-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 reported Operating Expenses for 7 consecutive years, with $293.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 20.41% year-over-year to $293.4 million; the TTM figure through Mar 2026 stood at $1.2 billion (up 23.1% YoY), while the FY2025 annual figure 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.
- Across five years, Operating Expenses topped out at $294.2 million in Q4 2025 and bottomed at $142.7 million in Q4 2022.
- Historically, Operating Expenses has averaged $210.3 million across 5 years, with a median of $198.5 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 81.54% — and 2023, when it rose 4.1%.
- Monday.Com's Operating Expenses stood at $142.7 million in 2022, then grew by 27.09% to $181.3 million in 2023, then gained by 25.69% to $227.9 million in 2024, then increased by 29.09% to $294.2 million in 2025, then dropped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -16.33 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.22 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 12.30 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 1.25 Bn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 4.34 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 3.67 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.54 Bn |
| 10 | Monday.Com | 3.70 Bn | 2.63 Bn | 321.96 Mn | 323.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 323.50 Mn |
| 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 |