StubHub Holdings (STUB) Operating Expenses (2024 - 2026)
StubHub Holdings' Operating Expenses was $553.61 million in Q2 2026, up 36.6% from $405.24 million a year earlier and up 31.7% from the prior quarter.
Powered by 
Analysis
StubHub Holdings (STUB) Operating Expenses (2024 - 2026) Analysis & Trends
On a trailing twelve-month basis, StubHub Holdings' Operating Expenses was $3.29 billion through Jun 30, 2026, up 98.2% year-over-year; for FY2025, it came in at $3.09 billion, up 89.2% from FY2024.
- In earlier years, Operating Expenses was $1.63 billion in FY2024 (+46.5%) and $1.11 billion in FY2023.
- Quarterly Operating Expenses has moved between $370.77 million (Q1 2025) and $1.84 billion (Q3 2025) over five years.
- Compared with a year earlier, Operating Expenses has increased for four straight quarters, with growth averaging 97.3% over the last four quarters.
- Per Business Quant data, STUB's Operating Expenses in the three quarters before Q2 2026 was $420.22 million (Q1 2026), $476.85 million (Q4 2025) and $1.84 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,185.47 Bn | 3,943.00 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,794.56 Bn | 1,497.08 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Netflix | 292.71 Bn | 252.90 Bn | 6.52 Bn | 1.51 Bn |
| 4 | Alibaba Group Holding | 251.74 Bn | 65.51 Bn | 15.11 Bn | -5.17 Bn |
| 5 | Shopify | 221.57 Bn | 198.76 Bn | 1.71 Bn | 1.22 Bn |
| 6 | Uber Technologies | 142.45 Bn | 114.25 Bn | 6.38 Bn | 12.30 Bn |
| 7 | Booking Holdings | 124.83 Bn | 57.88 Bn | - | 4.85 Bn |
| 8 | PDD Holdings | 113.76 Bn | -130.01 Bn | 9.45 Bn | -5.39 Bn |
| 9 | Spotify Technology | 106.73 Bn | 64.23 Bn | 1.86 Bn | 640.46 Mn |
| 10 | StubHub Holdings | 2.24 Bn | -3.61 Bn | 468.48 Mn | 553.61 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 553.61 Mn |
| Mar 31, 2026 | 420.22 Mn |
| Dec 31, 2025 | 476.85 Mn |
| Sep 30, 2025 | 1.84 Bn |
| Jun 30, 2025 | 405.24 Mn |
| Mar 31, 2025 | 370.77 Mn |
| Dec 31, 2024 | 460.56 Mn |
| Sep 30, 2024 | 421.63 Mn |
API Access
StubHub Holdings Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=STUB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "STUB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=STUB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();