Pinterest (PINS) Operating Expenses (2018 - 2026)
Pinterest's (PINS) quarterly Operating Expenses came in at $1.2 billion in Q2 2026, up 23.17% on a YoY basis from $1.0 billion in Q2 2025, and up 13.52% quarter-over-quarter from $1.1 billion in Q1 2026.
Analysis
Pinterest (PINS) Operating Expenses (2018 - 2026) Analysis & Trends
Pinterest (PINS) has reported Operating Expenses for 9 consecutive years, with $1.2 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 23.17% year-over-year to $1.2 billion; the trailing twelve-month figure through Jun 2026 stood at $4.3 billion (up 17.39% YoY), and the FY2025 full-year result was $3.9 billion, up 12.56% from the prior year.
- Operating Expenses improved to $1.2 billion in Q2 2026 per PINS's latest filing, from $1.1 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.2 billion in Q2 2026 and bottomed at $578.6 million in Q1 2022.
- Historically, Operating Expenses has averaged $876.4 million across 5 years, with a median of $873.2 million in 2022.
- The widest YoY moves for Operating Expenses: up 46.27% in 2023, down 9.91% in 2023.
- Over 5 years, Operating Expenses stood at $871.3 million in 2022, then slipped by 9.91% to $785.0 million in 2023, then advanced by 13.7% to $892.5 million in 2024, then grew by 14.08% to $1.0 billion in 2025, then rose by 21.28% to $1.2 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.2 billion, $1.1 billion, and $1.0 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Meta Platforms | 1,696.33 Bn | 1,606.07 Bn | 49.47 Bn | 42.03 Bn |
| 2 | 29.01 Bn | 26.23 Bn | 734.60 Mn | 573.19 Mn | |
| 3 | Bilibili | 12.48 Bn | 10.34 Bn | 433.97 Mn | -379.21 Mn |
| 4 | 10.51 Bn | 9.24 Bn | 922.30 Mn | 1.23 Bn | |
| 5 | Match | 9.93 Bn | 9.35 Bn | 648.84 Mn | 607.66 Mn |
| 6 | Snap | 9.56 Bn | 6.90 Bn | 931.11 Mn | 1.77 Bn |
| 7 | Rum | 5.38 Bn | 5.26 Bn | - | 111.15 Mn |
| 8 | Sound | 4.72 Bn | 4.61 Bn | - | - |
| 9 | Joyy | 4.14 Bn | 3.82 Bn | 201.60 Mn | -188.24 Mn |
| 10 | Grindr | 2.68 Bn | 2.67 Bn | 103.57 Mn | 105.64 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.23 Bn |
| 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 |