Pinterest (PINS) Operating Expenses (2018 - 2026)
Pinterest's (PINS) quarterly Operating Expenses came in at $1.1 billion in Q1 2026, up 22.16% YoY from $890.5 million in Q1 2025, and up 6.84% on a QoQ basis from $1.0 billion in Q4 2025.
Analysis
Pinterest (PINS) Operating Expenses (2018 - 2026) Analysis & Trends
Pinterest (PINS) has 9 years of Operating Expenses data on file, last reported at $1.1 billion in Q1 2026.
- Quarterly Operating Expenses rose 22.16% year-over-year to $1.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.1 billion (up 15.07% YoY) and the FY2025 annual result came in at $3.9 billion, up 12.56% from the prior year.
- Operating Expenses advanced to $1.1 billion in Q1 2026, from $1.0 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.1 billion in Q1 2026 to a low of $578.6 million in Q1 2022.
- A 5-year average of $855.4 million and a median of $871.3 million in 2022 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 46.27% in 2023, down 9.91% in 2023.
- Tracing PINS's Operating Expenses over 5 years: 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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 640.46 Mn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 758.20 Mn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 573.19 Mn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | -379.21 Mn |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | -191.00 Mn |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 1.23 Bn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 607.66 Mn |
| 10 | Snap | 9.26 Bn | 6.60 Bn | 931.11 Mn | 1.77 Bn |
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 |