Pinterest (PINS) Operating Expenses (2018 - 2026)
Quarterly Operating Expenses rose 22.16% to $1.1 billion in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $4.1 billion through Mar 2026, up 15.07% year-over-year, with the annual reading at $3.9 billion for FY2025, 12.56% up from the prior year.
Pinterest filings provide 9 years of Operating Expenses readings, the most recent being $1.1 billion for Q1 2026.
- Operating Expenses hit $1.1 billion in Q1 2026 for Pinterest, up from $1.0 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.1 billion in Q1 2026 and bottomed at $578.6 million in Q1 2022.
- Average Operating Expenses over 5 years is $855.4 million, with a median of $871.3 million recorded in 2022.
- Peak annual rise in Operating Expenses hit 46.27% in 2023, while the deepest fall reached 9.91% in 2023.
- Pinterest's Operating Expenses stood at $871.3 million in 2022, then decreased by 9.91% to $785.0 million in 2023, then grew by 13.7% to $892.5 million in 2024, then rose by 14.08% to $1.0 billion in 2025, then increased by 6.84% to $1.1 billion in 2026.
- Per Business Quant, the three most recent readings for PINS's Operating Expenses are $1.1 billion (Q1 2026), $1.0 billion (Q4 2025), and $990.7 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Meta Platforms | 1,539.18 Bn | 1,458.00 Bn | 46.09 Bn | 33.44 Bn |
| 2 | Spotify Technology | 118.05 Bn | 107.81 Bn | 1.75 Bn | 512.79 Mn |
| 3 | 28.76 Bn | 25.99 Bn | 511.94 Mn | 480.50 Mn | |
| 4 | Nebius | 22.38 Bn | 22.38 Bn | 295.20 Mn | 527.00 Mn |
| 5 | 12.01 Bn | 10.71 Bn | 768.96 Mn | 1.09 Bn | |
| 6 | Strive | 9.69 Bn | 9.62 Bn | - | 17.33 Mn |
| 7 | Snap | 9.60 Bn | 6.78 Bn | 1.29 Bn | 1.60 Bn |
| 8 | Match | 8.34 Bn | 7.31 Bn | 653.28 Mn | 627.52 Mn |
| 9 | Baidu | 5.09 Bn | -5.87 Bn | 1.88 Mn | 4.19 Bn |
| 10 | Iac | 3.16 Bn | 2.06 Bn | 289.86 Mn | 462.96 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 31, 2021 | 508.14 Mn |
| Dec 31, 2020 | 500.47 Mn |
| Sep 30, 2020 | 539.65 Mn |
| Jun 30, 2020 | 377.02 Mn |
| Mar 31, 2020 | 418.03 Mn |
| Dec 31, 2019 | 443.09 Mn |
| Sep 30, 2019 | 413.41 Mn |
| Jun 30, 2019 | 1.43 Bn |
| Mar 31, 2019 | 246.74 Mn |
| Dec 31, 2018 | 229.12 Mn |
| Sep 30, 2018 | 212.63 Mn |
| Jun 30, 2018 | 202.56 Mn |
| Mar 31, 2018 | 186.34 Mn |