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 | 31.07 Bn | 28.30 Bn | 511.94 Mn | 480.50 Mn | |
| 6 | 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| 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 |