Filing Flows › StubHub Holdings (STUB) › Q2 2026 › vs Q2 2025
StubHub Holdings (STUB) Q2 2026 vs Q2 2025 (year over year)
StubHub Holdings's revenue rose $143M (+33%) from $430M in Q2 2025 to $573M in Q2 2026. The biggest changes: Transaction fees +$144M (+34%); Other revenue −$1.0M (-9%). Operating margin 3.4% against 5.8% (-2.4 pts).
StubHub Holdings, Q2 2026: revenue $573M (+33% year over year), operating margin 3.4%, net earnings $14.6M, operating cash flow $322M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 3.4% | 5.8% | -2.4 pts |
| Net margin | 2.5% | -12.5% | +15.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Transaction fees | $562M | $418M | $144M | +34% |
| Other revenue | $10.9M | $12.0M | −$1.0M | -9% |
| Revenue | $573M | $430M | $143M | +33% |
| Operating profit | $19.5M | $25.1M | −$5.6M | -22% |
| Costs & expenses | $554M | $405M | $148M | +37% |
| Pre-tax earnings | $12.2M | −$71.4M | $83.7M | — |
| Other expense, net | $7.2M | $96.5M | −$89.3M | -93% |
| Cost of revenue | $105M | $75.1M | $29.5M | +39% |
| Sales & marketing | $274M | $235M | $38.9M | +17% |
| General & admin | $146M | $74.5M | $71.8M | +96% |
| Other operating costs | $28.6M | $20.4M | $8.2M | +40% |
| Income tax benefit | $2.4M | $17.6M | −$15.2M | -87% |
| Net earnings | $14.6M | −$53.8M | $68.4M | — |
| Depreciation & amortization | $9.8M | $6.4M | $3.4M | +53% |
| Share-based compensation | $69.0M | $2.0M | $67.0M | 34× |
| Working capital & other | $228M | $64.7M | $164M | +253% |
| Operating cash flow | $322M | $19.3M | $303M | 17× |
Questions
How much did StubHub Holdings's revenue grow year over year in Q2 2026?
StubHub Holdings's revenue rose $143M (+33%) from $430M in Q2 2025 to $573M in Q2 2026.
What drove StubHub Holdings's revenue change in Q2 2026?
Transaction fees +$144M (+34%); Other revenue −$1.0M (-9%).