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.
Analysis
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.
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 | StubHub Holdings | 2.42 Bn | 726.15 Mn | 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 |