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
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