Hubspot annual free cash flow
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2025
Hubspot Free Cash Flow (FCF) History (HUBS)
Hubspot reported $707.6M in free cash flow for fiscal 2025, an increase of 26.20% from the previous fiscal year, with a free cash flow margin of 22.60%.
View full Hubspot company overviewHubspot free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $707.6M | $146.9M | +26.20% | +22.60% |
| 2024 | 2024-12-31 | $560.7M | $243.4M | +76.72% | +21.34% |
| 2023 | 2023-12-31 | $317.3M | $81.5M | +34.57% | +14.62% |
| 2022 | 2022-12-31 | $235.7M | $25.7M | +12.26% | +13.62% |
| 2021 | 2021-12-31 | $210.0M | $158.4M | +306.67% | +16.15% |
| 2020 | 2020-12-31 | $51.6M | −$27.0M | −34.30% | +5.85% |
| 2019 | 2019-12-31 | $78.6M | $16.1M | +25.67% | +11.65% |
| 2018 | 2018-12-31 | $62.5M | $33.2M | +113.19% | +12.19% |
| 2017 | 2017-12-31 | $29.3M | $25.8M | +720.18% | +7.81% |
| 2016 | 2016-12-31 | $3.6M | $12.4M | — | +1.32% |
| 2015 | 2015-12-31 | −$8.8M | $10.9M | — | −4.86% |
| 2014 | 2014-12-31 | −$19.7M | $4.4M | — | −17.03% |
| 2013 | 2013-12-31 | −$24.2M | −$18.0M | — | −31.13% |
| 2012 | 2012-12-31 | −$6.1M | — | — | −11.88% |
Hubspot quarterly free cash flow
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $203.1M | $54.8M | +36.92% | +22.28% |
| Q1 2026 | 2026-03-31 | $183.4M | $35.2M | +23.73% | +20.82% |
| Q4 2025 | 2025-12-31 | $234.0M | $52.6M | +28.98% | +27.63% |
| Q3 2025 | 2025-09-30 | $177.0M | $28.6M | +19.27% | +21.87% |
| Q2 2025 | 2025-06-30 | $148.3M | $38.7M | +35.31% | +19.50% |
| Q1 2025 | 2025-03-31 | $148.2M | $27.0M | +22.29% | +20.76% |
| Q4 2024 | 2024-12-31 | $181.4M | $85.8M | +89.72% | +25.80% |
| Q3 2024 | 2024-09-30 | $148.4M | $70.2M | +89.77% | +22.16% |
| Q2 2024 | 2024-06-30 | $109.6M | $44.0M | +66.95% | +17.20% |
| Q1 2024 | 2024-03-31 | $121.2M | $43.4M | +55.87% | +19.63% |
| Q4 2023 | 2023-12-31 | $95.6M | $11.7M | +13.94% | +16.43% |
| Q3 2023 | 2023-09-30 | $78.2M | $31.3M | +66.57% | +14.03% |
| Q2 2023 | 2023-06-30 | $65.7M | $33.1M | +101.50% | +12.41% |
| Q1 2023 | 2023-03-31 | $77.8M | $5.5M | +7.57% | +15.50% |
| Q4 2022 | 2022-12-31 | $83.9M | $66,000 | +0.08% | +17.87% |
| Q3 2022 | 2022-09-30 | $47.0M | $11.0M | +30.42% | +10.58% |
| Q2 2022 | 2022-06-30 | $32.6M | $1.2M | +3.74% | +7.73% |
| Q1 2022 | 2022-03-31 | $72.3M | $13.6M | +23.08% | +18.27% |
| Q4 2021 | 2021-12-31 | $83.9M | $32.5M | +63.13% | +22.71% |
| Q3 2021 | 2021-09-30 | $36.0M | $5.2M | +16.84% | +10.61% |
| Q2 2021 | 2021-06-30 | $31.4M | $73.9M | — | +10.11% |
| Q1 2021 | 2021-03-31 | $58.7M | $46.8M | +393.02% | +20.87% |
| Q4 2020 | 2020-12-31 | $51.4M | $22.7M | +79.01% | +20.39% |
| Q3 2020 | 2020-09-30 | $30.8M | $20.3M | +192.66% | +13.49% |
| Q2 2020 | 2020-06-30 | −$42.5M | −$48.4M | — | −20.87% |
| Q1 2020 | 2020-03-31 | $11.9M | −$21.5M | −64.39% | +5.99% |
| Q4 2019 | 2019-12-31 | $28.7M | $1.2M | +4.44% | +15.42% |
| Q3 2019 | 2019-09-30 | $10.5M | $4.4M | +71.49% | +6.06% |
| Q2 2019 | 2019-06-30 | $5.9M | −$2.5M | −29.94% | +3.62% |
| Q1 2019 | 2019-03-31 | $33.5M | $13.0M | +63.31% | +22.04% |
| Q4 2018 | 2018-12-31 | $27.5M | $18.7M | +212.18% | +19.09% |
| Q3 2018 | 2018-09-30 | $6.1M | $2.4M | +62.24% | +4.66% |
| Q2 2018 | 2018-06-30 | $8.4M | $4.9M | +141.55% | +6.88% |
| Q1 2018 | 2018-03-31 | $20.5M | $7.2M | +54.51% | +17.88% |
| Q4 2017 | 2017-12-31 | $8.8M | $9.0M | — | +8.27% |
| Q3 2017 | 2017-09-30 | $3.8M | $593,000 | +18.58% | +3.87% |
| Q2 2017 | 2017-06-30 | $3.5M | −$525,000 | −13.08% | +3.92% |
| Q1 2017 | 2017-03-31 | $13.3M | $16.7M | — | +16.12% |
| Q4 2016 | 2016-12-31 | −$166,000 | $3.4M | — | −0.22% |
| Q3 2016 | 2016-09-30 | $3.2M | $8.0M | — | +4.52% |
| Q2 2016 | 2016-06-30 | $4.0M | $2.6M | +182.75% | +6.18% |
| Q1 2016 | 2016-03-31 | −$3.5M | −$1.6M | — | −5.87% |
| Q4 2015 | 2015-12-31 | −$3.6M | −$479,000 | — | −6.79% |
| Q3 2015 | 2015-09-30 | −$4.8M | $2.0M | — | −10.11% |
| Q2 2015 | 2015-06-30 | $1.4M | $6.2M | — | +3.31% |
| Q1 2015 | 2015-03-31 | −$1.8M | $3.2M | — | −4.82% |
| Q4 2014 | 2014-12-31 | −$3.1M | — | — | −9.15% |
| Q3 2014 | 2014-09-30 | −$6.8M | — | — | −22.29% |
| Q2 2014 | 2014-06-30 | −$4.8M | — | — | −17.57% |
| Q1 2014 | 2014-03-31 | −$5.1M | — | — | −20.92% |
Hubspot free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $51.6M to $707.6M, a compound annual growth rate of 68.79%. Hubspot's latest reported quarter, Q2 2026, generated $203.1M in free cash flow, an increase of 36.92% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Hubspot filings at SEC.gov ↗