Pinterest (PINS) Operating Expenses (2018 - 2026)

Pinterest (PINS) reported Operating Expenses of $1.1 billion for Q1 2026, up 22.16% on a YoY basis from $890.5 million in Q1 2025, and up 6.84% quarter-over-quarter from $1.0 billion in Q4 2025.

Pinterest (PINS) Operating Expenses (2018 - 2026) Analysis & Trends

Pinterest has reported Operating Expenses for 9 years, with the latest figure at $1.1 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 22.16% year-over-year to $1.1 billion; the trailing twelve-month figure through Mar 2026 stood at $4.1 billion (up 15.07% YoY), and the FY2025 full-year result was $3.9 billion, up 12.56% from the prior year.
  • Operating Expenses for Q1 2026 stood at $1.1 billion, up from $1.0 billion in the prior quarter.
  • The five-year high for Operating Expenses was $1.1 billion in Q1 2026, with the low at $578.6 million in Q1 2022.
  • Historically, Operating Expenses has averaged $855.4 million across 5 years, with a median of $871.3 million in 2022.
  • The largest YoY upside for Operating Expenses was 46.27% in 2023 against a maximum downside of 9.91% in 2023.
  • Pinterest's Operating Expenses stood at $871.3 million in 2022, then retreated by 9.91% to $785.0 million in 2023, then rose by 13.7% to $892.5 million in 2024, then advanced by 14.08% to $1.0 billion in 2025, then gained by 6.84% to $1.1 billion in 2026.
  • The last three Operating Expenses figures came in at $1.1 billion (Q1 2026), $1.0 billion (Q4 2025), and $990.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Nebius 1,942,920.03 Bn 1,942,920.03 Bn 295.20 Mn 527.00 Mn
2 Alphabet 4,333.14 Bn 4,117.52 Bn 102.29 Bn 70.20 Bn
3 Meta Platforms 1,436.75 Bn 1,355.57 Bn 46.09 Bn 33.44 Bn
4 Spotify Technology 115.76 Bn 105.52 Bn 1.75 Bn 512.79 Mn
5 Reddit 31.07 Bn 28.30 Bn 511.94 Mn 480.50 Mn
6 Pinterest 12.92 Bn 11.62 Bn 768.96 Mn 1.09 Bn
7 Kanzhun 12.73 Bn 10.63 Bn 255.62 Bn -209.66 Bn
8 Snap 8.83 Bn 6.00 Bn 1.29 Bn 1.60 Bn
9 Match 8.15 Bn 7.13 Bn 653.28 Mn 627.52 Mn
10 Zillow 7.57 Bn 6.79 Bn 519.00 Mn 483.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.09 Bn
Dec 31, 2025 1.02 Bn
Sep 30, 2025 990.69 Mn
Jun 30, 2025 1.00 Bn
Mar 31, 2025 890.47 Mn
Dec 31, 2024 892.54 Mn
Sep 30, 2024 904.29 Mn
Jun 30, 2024 875.12 Mn
Mar 31, 2024 794.40 Mn
Dec 31, 2023 785.01 Mn
Sep 30, 2023 768.20 Mn
Jun 30, 2023 781.27 Mn
Mar 31, 2023 846.27 Mn
Dec 31, 2022 871.34 Mn
Sep 30, 2022 753.93 Mn
Jun 30, 2022 700.44 Mn
Mar 31, 2022 578.55 Mn
Dec 31, 2021 667.21 Mn
Sep 30, 2021 534.48 Mn
Jun 30, 2021 542.01 Mn