StubHub Holdings (STUB) Operating Expenses (2024 - 2026)
StubHub Holdings' (STUB) quarterly Operating Expenses came in at $553.6 million in Q2 2026, up 36.61% on a YoY basis from $405.2 million in Q2 2025, and up 31.74% quarter-over-quarter from $420.2 million in Q1 2026.
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StubHub Holdings (STUB) Operating Expenses (2024 - 2026) Analysis & Trends
StubHub Holdings (STUB) has reported Operating Expenses for 3 consecutive years, with $553.6 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 36.61% year-over-year to $553.6 million; the trailing twelve-month figure through Jun 2026 stood at $3.3 billion (up 98.23% YoY), and the FY2025 full-year result was $3.1 billion, up 89.22% from the prior year.
- Operating Expenses climbed to $553.6 million in Q2 2026 per STUB's latest filing, from $420.2 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.
- Historically, Operating Expenses has averaged $618.1 million across 3 years, with a median of $441.1 million in 2024.
- The widest YoY moves for Operating Expenses: up 335.52% in 2025, down 3.54% in 2025.
- Over 3 years, Operating Expenses stood at $460.6 million in 2024, then gained by 3.54% to $476.9 million in 2025, then rose by 16.1% to $553.6 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $553.6 million, $420.2 million, and $476.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn | -8.86 Bn |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn | 4.85 Bn |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn | -5.39 Bn |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn | 2.85 Bn |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn | 3.48 Bn |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn | 1.63 Bn |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn | 2.55 Bn |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn | 608.00 Mn |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - | -279.73 Mn |
| 10 | StubHub Holdings | 2.25 Bn | 552.86 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 |
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();