StubHub Holdings (STUB) Operating Expenses (2024 - 2026)
StubHub Holdings' (STUB) quarterly Operating Expenses came in at $420.2 million in Q1 2026, up 13.34% YoY from $370.8 million in Q1 2025, and down 11.88% on a QoQ basis from $476.9 million in Q4 2025.
StubHub Holdings (STUB) Operating Expenses (2024 - 2026) Analysis & Trends
StubHub Holdings (STUB) has 3 years of Operating Expenses data on file, last reported at $420.2 million in Q1 2026.
- Quarterly Operating Expenses rose 13.34% year-over-year to $420.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.1 billion (changed N/A YoY) and the FY2025 annual result came in at $3.1 billion, up 89.22% from the prior year.
- Operating Expenses eased to $420.2 million in Q1 2026, from $476.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $1.8 billion in Q3 2025 to a low of $370.8 million in Q1 2025.
- A 3-year average of $664.4 million and a median of $441.1 million in 2024 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 335.52% in 2025, down 3.54% in 2025.
- Tracing STUB's Operating Expenses over 3 years: stood at $460.6 million in 2024, then increased by 3.54% to $476.9 million in 2025, then decreased by 11.88% to $420.2 million in 2026.
- The last three Operating Expenses figures came in at $420.2 million (Q1 2026), $476.9 million (Q4 2025), and $1.8 billion (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn | 132.22 Mn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | 4.19 Bn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | 512.79 Mn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | -187.82 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 303,858.00 |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | 527.00 Mn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | 573.19 Mn | |
| 10 | StubHub Holdings | 2.95 Bn | 1.43 Bn | 380.23 Mn | 420.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 420.22 Mn |
| Dec 31, 2025 | 476.85 Mn |
| Sep 30, 2025 | 1.84 Bn |
| Mar 31, 2025 | 370.77 Mn |
| Dec 31, 2024 | 460.56 Mn |
| Sep 30, 2024 | 421.63 Mn |