Growth Metrics

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 Reddit 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 Pinterest 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 🔒
DateValue
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