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StubHub Holdings STUB Transaction fees — Total transaction fees before refunds

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Other financials

Income statement

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Revenue$446.0M+12.2%
Gross profit$380.2M+13.5%
Operating income$25.8M-3.8%
Net income$48.0M+317%
EPS (diluted)$0.06+150%

Balance sheet

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Cash & equivalents$1.5B+32.4%
Total debt$1.5B
Total equity$1.6B+81.1%
Total assets$5.4B

Cash flow

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Operating cash flow$298.4M+88.5%
CapEx$169.0K-66.7%
Free cash flow$298.2M+89.0%

Valuation

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Market cap$3.33B-58.8%
Enterprise value$3.29B
P/S1.9×

Profitability

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Gross margin82.3%
Operating margin-76.4%
Net margin-102.3%
FCF margin22.3%

Returns & leverage

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Return on equity-151.3%
Debt / equity
Current ratio1.1×

Where this comes from

Reported directly by StubHub Holdings in its filing.

Tagged under the XBRL concept stub:RevenueFromContractWithCustomerExcludingAssessedTaxBeforeRefunds.

The source filing: StubHub Holdings’s 10-K, filed March 5, 2026.

Filed
Mar 4, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0001628280-26-014844
Line itemYear Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Transaction fees
United States$1,523,185$1,507,248$1,258,129
Switzerland189,775155,418129,422
Rest of world72,55093,69240,785
Total transaction fees before refunds1,785,5101,756,3581,428,336
Refunds(71,464)(75,538)(63,869)
Total transaction fees$1,714,046$1,680,820$1,364,467

Item 8. Financial Statements and Supplementary Data

FAQ

What is StubHub Holdings's transaction fees — total transaction fees before refunds?
StubHub Holdings (STUB) reported transaction fees — total transaction fees before refunds of $446.38M in Q4 2025.
How has StubHub Holdings's transaction fees — total transaction fees before refunds changed year-over-year?
StubHub Holdings's transaction fees — total transaction fees before refunds increased by 1.7% year-over-year, from $439.09M to $446.38M.
What is the long-term trend for StubHub Holdings's transaction fees — total transaction fees before refunds?
Over 2 years (2023 to 2025), StubHub Holdings's transaction fees — total transaction fees before refunds has grown at a 11.8% compound annual growth rate (CAGR), from $1.43B to $1.79B.
What does transaction fees — total transaction fees before refunds mean?
This metric measures the gross transaction fee income generated by a business segment prior to any deductions for customer refunds or reversals. It provides a view of the total volume of fee-based activity processed through the platform before accounting for service-related volatility. Analyzing this figure helps investors understand the underlying demand for services and the potential impact of refund policies on net revenue.

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