StubHub Holdings (STUB) Operating Margin (2024 - 2026)
StubHub Holdings' (STUB) quarterly Operating Margin came in at 3.4% in Q2 2026, down 243.0% on a YoY basis from 2.37% in Q2 2025, and down 41.37% quarter-over-quarter from 5.79% in Q1 2026.
Powered by 
Analysis
StubHub Holdings (STUB) Operating Margin (2024 - 2026) Analysis & Trends
StubHub Holdings (STUB) has reported Operating Margin for 3 consecutive years, with 3.4% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin fell 243.0% year-over-year to 3.4%; the trailing twelve-month figure through Jun 2026 stood at 69.75% (down 7737.0% YoY), and the FY2025 full-year result was 77.01%, down 8481.0% from the prior year.
- Operating Margin slipped to 3.4% in Q2 2026 per STUB's latest filing, from 5.79% in the prior quarter.
- Across five years, Operating Margin topped out at 13.66% in Q4 2024 and bottomed at 292.28% in Q3 2025.
- Historically, Operating Margin has averaged 32.53% across 3 years, with a median of 4.59% in 2026.
- The sharpest annual moves came in 2025 and 2026: Operating Margin slumped 29508 bps in 2025, then plunged 96 bps in 2026.
- Over 3 years, Operating Margin stood at 13.66% in 2024, then tumbled by 145 bps to 6.16% in 2025, then surged by 155 bps to 3.4% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 3.4%, 5.79%, and 6.16% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alibaba Group Holding | 263.05 Bn | 227.79 Bn | 15.11 Bn | 5.64% |
| 2 | Booking Holdings | 126.16 Bn | 108.94 Bn | 4.98 Bn | 34.00% |
| 3 | PDD Holdings | 112.31 Bn | 82.02 Bn | 9.45 Bn | 24.71% |
| 4 | Airbnb | 98.07 Bn | 86.00 Bn | 2.98 Bn | 21.01% |
| 5 | Mercadolibre | 90.61 Bn | 75.42 Bn | 4.16 Bn | 6.72% |
| 6 | Ebay | 49.77 Bn | 46.46 Bn | 2.30 Bn | 21.57% |
| 7 | Expedia | 31.98 Bn | 24.85 Bn | 3.91 Bn | 18.54% |
| 8 | Maplebear | 10.57 Bn | 9.72 Bn | 751.00 Mn | 13.71% |
| 9 | Full Truck Alliance | 7.59 Bn | 6.63 Bn | - | - |
| 10 | StubHub Holdings | 2.25 Bn | 552.86 Mn | 468.48 Mn | 3.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.40% |
| Mar 31, 2026 | 5.79% |
| Dec 31, 2025 | -6.16% |
| Sep 30, 2025 | -292.28% |
| Jun 30, 2025 | 5.82% |
| Mar 31, 2025 | 6.75% |
| Dec 31, 2024 | 13.66% |
| Sep 30, 2024 | 2.80% |
API Access
StubHub Holdings Operating Margin 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-margin&ticker=STUB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=STUB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();