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| 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 |