StubHub Holdings (STUB) Operating Expenses (2024 - 2026)

StubHub Holdings (STUB) reported Operating Expenses of $420.2 million for Q1 2026, up 13.34% on a YoY basis from $370.8 million in Q1 2025, and down 11.88% quarter-over-quarter from $476.9 million in Q4 2025.

StubHub Holdings (STUB) Operating Expenses (2024 - 2026) Analysis & Trends

StubHub Holdings has reported Operating Expenses for 3 years, with the latest figure 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 147.74% 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.
  • The five-year high for Operating Expenses was $1.8 billion in Q3 2025, with the low at $370.8 million in Q1 2025.
  • Historically, Operating Expenses has averaged $664.4 million across 3 years, with a median of $441.1 million in 2024.
  • The largest YoY upside for Operating Expenses was 335.52% in 2025 against a maximum downside of 3.54% in 2025.
  • StubHub Holdings' Operating Expenses 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 Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Nebius 2,430,078.11 Bn 2,430,078.11 Bn 295.20 Mn 527.00 Mn
2 Alphabet 4,448.32 Bn 4,232.70 Bn 102.29 Bn 70.20 Bn
3 Meta Platforms 1,465.06 Bn 1,383.88 Bn 46.09 Bn 33.44 Bn
4 Spotify Technology 113.19 Bn 102.95 Bn 1.75 Bn 512.79 Mn
5 Reddit 33.56 Bn 30.79 Bn 511.94 Mn 480.50 Mn
6 Pinterest 12.93 Bn 11.63 Bn 768.96 Mn 1.09 Bn
7 Kanzhun 12.77 Bn 10.67 Bn 255.62 Bn -209.66 Bn
8 Match 8.28 Bn 7.26 Bn 653.28 Mn 627.52 Mn
9 Snap 7.91 Bn 5.08 Bn 1.29 Bn 1.60 Bn
10 StubHub Holdings 4.18 Bn 2.65 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
Mar 31, 2025 370.77 Mn
Dec 31, 2024 460.56 Mn
Sep 30, 2024 421.63 Mn