Filing Flows › HubSpot (HUBS) › Q2 2026
HubSpot (HUBS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
HubSpot (HUBS) reported revenue of $912M for the second quarter 2026 (Q2 2026), +20% from a year earlier and +3% from the quarter before. Operating margin was 4.8%, net earnings $43.3M (4.8% of revenue).
HubSpot, Q2 2026: revenue $912M (+20% year over year), operating margin 4.8%, net earnings $43.3M, operating cash flow $223M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $912M | +3% | +20% |
| Gross profit | $751M | +2% | +18% |
| Operating profit | $43.3M | +55% | — |
| Net earnings | $43.3M | +33% | — |
| Operating cash flow | $223M | +12% | +36% |
| Free cash flow | $203M | +11% | +37% |
What changed
Revenue was $911.7M in Q2 2026, up 20% year over year and up 3% from the previous quarter. Subscription and Circulation was the largest line at 98% of revenue. Subscription and Circulation added $149.5M year over year (up 20%), 99% of the total change.
Gross margin was 82.4%, down 1.6 points from Q2 2025. Operating profit was $43.3M, a 4.8% margin (up 8.0 points year over year). Operating expenses grew 7% against revenue growth of 20%. The fastest-growing cost line was Sales & marketing (+17%). Net earnings were $43.3M. The effective tax rate was 12.6%.
Operating cash flow was $222.8M (up 36% year over year), 514% of net earnings. Non-cash charges added back $44.4M of depreciation and amortization and $128.5M of share-based compensation. Capital expenditures of $19.7M left free cash flow of $203.1M.
Questions
What was HubSpot's revenue in the second quarter 2026?
HubSpot (HUBS) reported revenue of $912M for the second quarter 2026 (Q2 2026), +20% from a year earlier and +3% from the quarter before.
Was HubSpot profitable in the second quarter 2026?
Operating profit was $43.3M (4.8% of revenue) and net earnings $43.3M.
Source: HubSpot 10-Q on SEC EDGAR.