Hubspot annual operating expenses
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Hubspot Operating Expenses Growth & History (HUBS)
Hubspot's operating expenses was $2.62B for fiscal 2025.
View full Hubspot company overviewHubspot annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.62B | $313.5M | +13.62% |
| 2024 | 2024-12-31 | $2.30B | $269.1M | +13.24% |
| 2023 | 2023-12-31 | $2.03B | $507.0M | +33.23% |
| 2022 | 2022-12-31 | $1.53B | $429.2M | +39.14% |
| 2021 | 2021-12-31 | $1.10B | $329.7M | +42.99% |
| 2020 | 2020-12-31 | $766.9M | $175.0M | +29.57% |
| 2019 | 2019-12-31 | $591.9M | $131.0M | +28.43% |
| 2018 | 2018-12-31 | $460.9M | $120.9M | +35.55% |
| 2017 | 2017-12-31 | $340.0M | $86.3M | +33.99% |
| 2016 | 2016-12-31 | $253.8M | $73.3M | +40.59% |
| 2015 | 2015-12-31 | $180.5M | $51.1M | +39.48% |
| 2014 | 2014-12-31 | $129.4M | $45.0M | +53.36% |
| 2013 | 2013-12-31 | $84.4M | $30.9M | +57.70% |
| 2012 | 2012-12-31 | $53.5M | — | — |
Hubspot quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $707.5M | $44.2M | +6.67% |
| Q1 2026 | 2026-03-31 | $707.4M | $80.8M | +12.90% |
| Q4 2025 | 2025-12-31 | $660.8M | $50.2M | +8.21% |
| Q3 2025 | 2025-09-30 | $664.8M | $84.7M | +14.61% |
| Q2 2025 | 2025-06-30 | $663.3M | $97.7M | +17.27% |
| Q1 2025 | 2025-03-31 | $626.5M | $81.0M | +14.84% |
| Q4 2024 | 2024-12-31 | $610.6M | $93.0M | +17.97% |
| Q3 2024 | 2024-09-30 | $580.0M | $89.6M | +18.26% |
| Q2 2024 | 2024-06-30 | $565.6M | $5.3M | +0.95% |
| Q1 2024 | 2024-03-31 | $545.6M | $81.2M | +17.49% |
| Q4 2023 | 2023-12-31 | $517.6M | $114.8M | +28.48% |
| Q3 2023 | 2023-09-30 | $490.5M | $96.4M | +24.47% |
| Q2 2023 | 2023-06-30 | $560.4M | $165.3M | +41.83% |
| Q1 2023 | 2023-03-31 | $464.3M | $130.5M | +39.10% |
| Q4 2022 | 2022-12-31 | $402.9M | $97.0M | +31.70% |
| Q3 2022 | 2022-09-30 | $394.0M | $109.5M | +38.50% |
| Q2 2022 | 2022-06-30 | $395.1M | $130.6M | +49.36% |
| Q1 2022 | 2022-03-31 | $333.8M | $92.2M | +38.13% |
| Q4 2021 | 2021-12-31 | $305.9M | $93.5M | +44.02% |
| Q3 2021 | 2021-09-30 | $284.5M | $83.3M | +41.38% |
| Q2 2021 | 2021-06-30 | $264.5M | $86.1M | +48.22% |
| Q1 2021 | 2021-03-31 | $241.7M | $66.9M | +38.26% |
| Q4 2020 | 2020-12-31 | $212.4M | $54.0M | +34.12% |
| Q3 2020 | 2020-09-30 | $201.2M | $46.8M | +30.31% |
| Q2 2020 | 2020-06-30 | $178.5M | $30.6M | +20.71% |
| Q1 2020 | 2020-03-31 | $174.8M | $43.5M | +33.16% |
| Q4 2019 | 2019-12-31 | $158.4M | $33.9M | +27.21% |
| Q3 2019 | 2019-09-30 | $154.4M | $33.3M | +27.51% |
| Q2 2019 | 2019-06-30 | $147.8M | $36.1M | +32.26% |
| Q1 2019 | 2019-03-31 | $131.3M | $27.8M | +26.81% |
| Q4 2018 | 2018-12-31 | $124.5M | $29.6M | +31.16% |
| Q3 2018 | 2018-09-30 | $121.1M | $30.3M | +33.32% |
| Q2 2018 | 2018-06-30 | $111.8M | $30.7M | +37.86% |
| Q1 2018 | 2018-03-31 | $103.5M | $30.3M | +41.44% |
| Q4 2017 | 2017-12-31 | $94.9M | $21.5M | +29.36% |
| Q3 2017 | 2017-09-30 | $90.8M | $26.1M | +40.34% |
| Q2 2017 | 2017-06-30 | $81.1M | $20.3M | +33.33% |
| Q1 2017 | 2017-03-31 | $73.2M | $18.3M | +33.42% |
| Q4 2016 | 2016-12-31 | $73.4M | $23.5M | +47.14% |
| Q3 2016 | 2016-09-30 | $64.7M | $16.2M | +33.40% |
| Q2 2016 | 2016-06-30 | $60.8M | $17.8M | +41.45% |
| Q1 2016 | 2016-03-31 | $54.9M | $15.7M | +40.23% |
| Q4 2015 | 2015-12-31 | $49.9M | $5.7M | +12.85% |
| Q3 2015 | 2015-09-30 | $48.5M | $16.3M | +50.69% |
| Q2 2015 | 2015-06-30 | $43.0M | $15.9M | +58.68% |
| Q1 2015 | 2015-03-31 | $39.1M | $13.2M | +50.88% |
| Q4 2014 | 2014-12-31 | $44.2M | — | — |
| Q3 2014 | 2014-09-30 | $32.2M | $9.9M | +44.41% |
| Q2 2014 | 2014-06-30 | $27.1M | — | — |
| Q1 2014 | 2014-03-31 | $25.9M | — | — |
| Q3 2013 | 2013-09-30 | $22.3M | — | — |
Hubspot operating expenses trends
Over the last five fiscal years, Hubspot's operating expenses increased from $766.9M to $2.62B, a change of $1.85B. The latest reported quarter, Q2 2026, shows $707.5M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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