HubSpot, Inc.

HUBS Technology Software Application

HubSpot, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 19.2% from fiscal 2024.

Revenue
+17.1%
EPS
+441.9%
Free cash flow
+13.7%

Quarter to September 2026, against a year earlier

205.64 11.00 −5.08%
Market cap
$10.2B
P/E
49.0×
Fwd P/E
63.1×
Dividend yield
—
F-score
6/9
Altman Z
7.91
Beneish M
−3.04
Dividend safety
n/a

HubSpot, Inc. (HUBS) Operating margin

Alert me on Operating margin

HubSpot, Inc.'s operating margin over the twelve months to 30 September 2026 was 5.34%, up 5.1 percentage points from fiscal 2025 (0.24%). Over the past ten years it has ranged from −25.5% (fiscal 2015) to 0.24% (fiscal 2025) — the current reading is the highest in ten years. That is above the Software Application industry median of 0.00% and above the Technology sector median of 0.02%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 0.24% 2.81
FY2024 −2.57% 6.69
FY2023 −9.26% (3.32)
FY2022 −5.94% (1.73)
FY2021 −4.21% 1.55
FY2020 −5.76% 1.20
FY2019 −6.96% 2.45
FY2018 −9.41% 1.28
FY2017 −10.7% 5.79
FY2016 −16.5% 9.06

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 7.59% 2.84
Jun 2026 4.75% 1.58
Mar 2026 3.17% (2.53)
Dec 2025 5.70% 4.31
43 more quarters

Against its own ten years

Low −25.5% High 0.24%
Ten-year median −6.96%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
PAYC Paycom Software, Inc. compare 33.4%
BSY Bentley Systems, Incorporated compare 25.2%
PCTY Paylocity Holding Corporation compare 21.8%
HUBS HubSpot, Inc. 5.34%
CHYM Chime Financial, Inc. compare 1.83%
ESTC Elastic N.V. compare −2.64%
PCOR Procore Technologies, Inc. compare −4.13%
FROG JFrog Ltd. compare −11.5%
FIG Figma, Inc. compare −40.7%
Software Application industry median 0.00%
Technology sector median 0.02%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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