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HubSpot HUBS Operating margin

Operating margin at other companies

Microsoft logo
MicrosoftMSFT
46.8%+1.2pp
Adobe logo
AdobeADBE
36.1%-0.3pp
Salesforce logo
SalesforceCRM
20.4%+1.1pp
Sprout Social, Inc. logo
Sprout Social, Inc.SPT
-8.1%-2.4pp
Freshworks, Inc. logo
Freshworks, Inc.FRSH
1.8%+0.9pp
Thryv Holdings, Inc. logo
Thryv Holdings, Inc.THRY
8.3%+5.5pp

Other financials

Income statement

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Revenue$911.7M+19.8%
Gross profit$750.9M+17.6%
Operating income$43.3M+276%
Net income$43.3M+1,430%
EPS (diluted)$0.86+1,533%

Balance sheet

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Cash & equivalents$958.3M+59.4%
Total debt$236.9M-15.5%
Total equity$1.7B-19.8%
Total assets$3.5B-4.9%

Cash flow

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Operating cash flow$222.8M+35.5%
CapEx$19.7M+22.6%
Free cash flow$203.1M+36.9%

Valuation

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Market cap$12.81B-50.7%
Enterprise value$12.09B-52.9%
P/E87.2×
P/S3.7×-5.4×

Profitability

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Gross margin83.2%-1.3pp
Net margin4.3%+3.9pp
FCF margin23.1%+1.1pp

Returns & leverage

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Return on equity7.9%+7.3pp
Debt / equity0.1×0.0×
Current ratio1.4×-0.4×

Where this comes from

Calculated from HubSpot’s reported figures.

Based on trailing twelve months.

The source filing: HubSpot’s 10-Q, filed August 5, 2026. Open the filing →

Filed
Aug 5, 2026, 4:25 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-335232

FAQ

What is HubSpot's operating margin?
HubSpot (HUBS) reported operating margin of 3.8% in Q2 2026.
How has HubSpot's operating margin changed year-over-year?
HubSpot's operating margin increased by 248.8% year-over-year, from -2.5% to 3.8%.
What is the long-term trend for HubSpot's operating margin?
Over 5 years (2020 to 2025), HubSpot's operating margin has grown at a -47.2% compound annual growth rate (CAGR), from -5.8% to 0.2%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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