StubHub Holdings (STUB) Operating Expenses (2024 - 2026)
StubHub Holdings posted quarterly Operating Expenses of $420.2 million for Q1 2026, up 13.34% year-on-year 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) has 3 years of Operating Expenses data on file, last reported at $420.2 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 13.34% year-over-year to $420.2 million; the trailing twelve-month figure through Mar 2026 stood at $3.1 billion (up 150.5% YoY), and the FY2025 full-year result was $3.1 billion, up 89.22% from the prior year.
- Operating Expenses for Q1 2026 stood at $420.2 million, down from $476.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $1.8 billion in Q3 2025 and bottomed at $370.8 million in Q1 2025.
- The 3-year median for Operating Expenses is $441.1 million (2024), against an average of $664.4 million.
- Peak annual rise in Operating Expenses reached 335.52% in 2025, while the deepest fall reached 3.54% in 2025.
- A 3-year view of Operating Expenses shows it stood at $460.6 million in 2024, then rose by 3.54% to $476.9 million in 2025, then slipped 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,554.43 Bn | 4,338.81 Bn | 102.29 Bn | 70.20 Bn |
| 2 | Meta Platforms | 1,602.78 Bn | 1,521.60 Bn | 46.09 Bn | 33.44 Bn |
| 3 | Spotify Technology | 119.86 Bn | 109.62 Bn | 1.75 Bn | 512.79 Mn |
| 4 | 33.71 Bn | 30.94 Bn | 511.94 Mn | 480.50 Mn | |
| 5 | Nebius | 22.38 Bn | 22.38 Bn | 295.20 Mn | 527.00 Mn |
| 6 | 12.76 Bn | 11.46 Bn | 768.96 Mn | 1.09 Bn | |
| 7 | Kanzhun | 12.59 Bn | 10.49 Bn | 255.62 Bn | -209.66 Bn |
| 8 | Snap | 9.64 Bn | 6.81 Bn | 1.29 Bn | 1.60 Bn |
| 9 | Match | 8.43 Bn | 7.41 Bn | 653.28 Mn | 627.52 Mn |
| 10 | StubHub Holdings | 3.54 Bn | 2.02 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 |
| Dec 31, 2024 | 460.56 Mn |
| Sep 30, 2024 | 421.63 Mn |