Filing Flows › StubHub Holdings (STUB) › Q2 2026
StubHub Holdings (STUB) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
StubHub Holdings (STUB) reported revenue of $573M for the second quarter 2026 (Q2 2026), +33% from a year earlier and +28% from the quarter before. Operating margin was 3.4%, net earnings $14.6M (2.5% of revenue).
StubHub Holdings, Q2 2026: revenue $573M (+33% year over year), operating margin 3.4%, net earnings $14.6M, operating cash flow $322M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $573M | +28% | +33% |
| Operating profit | $19.5M | -25% | -22% |
| Net earnings | $14.6M | -70% | — |
| Operating cash flow | $322M | +8% | 17× |
| Free cash flow | $310M | — | — |
What changed
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.
Questions
What was StubHub Holdings' revenue in the second quarter 2026?
StubHub Holdings (STUB) reported revenue of $573M for the second quarter 2026 (Q2 2026), +33% from a year earlier and +28% from the quarter before.
Was StubHub Holdings profitable in the second quarter 2026?
Operating profit was $19.5M (3.4% of revenue) and net earnings $14.6M.
Source: StubHub Holdings 10-Q on SEC EDGAR.