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HubSpot HUBS Net margin

Net margin at other companies

Microsoft logo
MicrosoftMSFT
39.3%+3.6pp
Adobe logo
AdobeADBE
28.7%-1.7pp
Salesforce logo
SalesforceCRM
18.7%+2.7pp
Manhattan Associates logo
Manhattan AssociatesMANH
19.7%-1.0pp
Accenture logo
AccentureACN
10.7%-1.0pp
International Business Machines logo
International Business MachinesIBM
15.6%+6.9pp

Other financials

Income statement

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Revenue$881.0M+23.4%
Gross profit$735.3M+22.7%
Operating income$27.9M+202%
Net income$32.6M+249%
EPS (diluted)$0.62+248%

Balance sheet

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Cash & equivalents$943.9M+51.0%
Total debt$247.3M-13.6%
Total equity$2.0B-0.4%
Total assets$3.8B-1.7%

Cash flow

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Operating cash flow$198.8M+23.1%
CapEx$15.4M+15.6%
Free cash flow$183.4M+23.7%

Valuation

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Market cap$9.01B-56.8%
Enterprise value$8.31B-58.7%
P/E89.9×
P/S2.7×-4.9×

Profitability

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Gross margin83.7%-1.2pp
Operating margin1.9%+1.2pp
FCF margin22.5%+0.9pp

Returns & leverage

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Return on equity5%+4.1pp
Debt / equity0.1×0.0×
Current ratio1.6×0.0×

Where this comes from

Calculated from HubSpot’s reported figures.

Based on trailing twelve months.

The official record: HubSpot’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is HubSpot's net margin?
HubSpot (HUBS) reported net margin of 3% in Q1 2026.
How has HubSpot's net margin changed year-over-year?
HubSpot's net margin increased by 458.5% year-over-year, from -0.8% to 3%.
What is the long-term trend for HubSpot's net margin?
Over 5 years (2020 to 2025), HubSpot's net margin has grown at a -31.4% compound annual growth rate (CAGR), from -9.6% to 1.5%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.