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StubHub Holdings (STUB) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · StubHub Holdings (STUB) Q2 2026 earnings results →
Q2 2026 Revenue up 33% year over year to $573M · 3¢ of every $1 of revenue kept as net profit · operating margin 3.4%
StubHub Holdings made $573M in Q2 2026 (+33% Y/Y): Transaction fees $562M, Other revenue $10.9M. Operating margin 3.4%, net earnings $14.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.
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What changed this quarter
Revenue was $573.1M in Q2 2026, up 33% year over year and up 28% from the previous quarter. Transaction fees was the largest line at 98% of revenue. Transaction fees added $143.8M year over year (up 34%), 101% of the total change. Other revenue declined 9%.
Operating profit was $19.5M, a 3.4% margin (down 2.4 points year over year). Operating profit fell $5.6M even though revenue rose $142.8M versus a year earlier, so costs grew faster than sales. Total costs grew 37% against revenue growth of 33%. The fastest-growing cost line was General & admin (+96%). Net earnings were $14.6M. The effective tax rate was -19.4%.
Operating cash flow was $321.9M (up 1566% year over year), 2203% of net earnings. Non-cash charges added back $9.8M of depreciation and amortization and $69.0M of share-based compensation. Working capital and other items added $228.4M. After capitalized software development costs ($11.8M) and purchases of property and equipment ($416K), free cash flow as the company reports it was $309.7M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 13, 2026 | $573M | +33% | 3.4% | $14.6M | $322M |
| Q1 2026 | 10-Q | May 14, 2026 | $446M | +12% | 5.8% | $48.0M | $298M |
| Q4 2025 | 10-K | Mar 5, 2026 | $449M | -16% | -6.2% | −$535M | $11.1M |
| Q3 2025 | 10-Q | Nov 14, 2025 | $468M | +8% | -292.3% | −$1.3B | $3.8M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Buys from
- MSFT · Stated in 10-K (named, share not stated) · source
- AMZN · Stated in 10-K (named, share not stated) · source
About StubHub Holdings
We believe we operate the largest global secondary ticketing marketplace for live events. We connect fans around the world with sellers who use our marketplace to reach passionate fans and price tickets efficiently. Our mission is to be the global destination for consumers to access live events and experiences. We envision a future where all live event tickets are widely available to be conveniently purchased and every seat at every venue is filled. By bringing together buyers and sellers at scale, we unlocked a powerful flywheel effect and created an efficient monetization engine for sellers with a broad selection of tickets for fans. Our global scale and the core capabilities of our marketplace have enabled us to establish a leadership position and build durable competitive moats in secondary ticketing, and our focus is set on an even bigger opportunity.
In its own words, from its 10-K, filed Mar 5, 2026.
StubHub Holdings against its Services-Miscellaneous Amusement & Recreation peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +33% against the peers' median +7%. Operating margin: 3.4% against the peers' median 4.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| STUB StubHub Holdings | Q2 2026 | $573M | +33% | 3.4% |
| DIS Walt Disney | Q3 FY26 | $25.2B | +7% | 22.0% |
| DKNG DraftKings | Q3 2026 | $1.3B | +16% | -37.1% |
| PRKS United Parks & Resorts | Q3 2026 | $506M | -1% | 27.8% |
| RSI Rush Street Interactive | Q3 2026 | $386M | +39% | 11.1% |
| MTN Vail Resorts | Q4 FY26 | $278M | +2% | -75.1% |
| PRSU Pursuit Attractions & Hospitality | Q3 2026 | $252M | +4% | 45.0% |
| MSGE Madison Square Garden Entertainment | Q1 FY27 | $217M | +37% | 4.5% |
| SEAT Vivid Seats | Q2 2026 | $104M | -9% | -13.8% |
Source: StubHub Holdings 10-Q on SEC EDGAR · CIK 1337634 · Services-Miscellaneous Amusement & Recreation
13F: who owns STUB and who is buying
More on STUB
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results