| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 911.74 | 3.5% | 19.8% |
| Total Income | 911.74 | 3.5% | 19.8% |
| Expenditure | 868.42 | 1.8% | 10.6% |
| PBT | 49.57 | 26.2% | 1007.9% |
| Net Profit | 43.34 | 33.1% | 1429.5% |
| OPM | 4.75% | 1.58pp | 7.99pp |
| NPM | 4.75% | 1.06pp | 5.18pp |
| EPS | 0.86 | 38.7% | 1533.3% |
HubSpot Reports Q2 2026 Results with 20% Revenue Growth
06 Aug 2026 · 6 Aug, 1:53 am
Summary
HubSpot announced strong financial results for the second quarter of 2026, with total revenue reaching $911.7 million, a 20% increase year-over-year on an as-reported basis. The company achieved a GAAP operating income of $43.3 million, a substantial turnaround from the prior year's loss, and saw non-GAAP operating income grow 44% to $185.3 million. Management highlighted deliberate choices to accelerate AI transformation and confidence in positioning the company for long-term, compounding growth.
Key Highlights
- 1
HubSpot reported total revenue of $911.7 million for Q2 2026, an increase of 20% on an as-reported basis and 17% in constant currency compared to Q2 2025.
- 2
Subscription revenue grew to $894.0 million, up 20% on an as-reported basis.
- 3
GAAP operating income was $43.3 million, a significant improvement from a GAAP operating loss of ($24.6) million in the prior year period.
- 4
Non-GAAP operating income increased by 44% to $185.3 million, with a non-GAAP operating margin of 20.3%, up from 17.0% in Q2 2025.
- 5
GAAP net income was $43.3 million, or $0.86 per basic and diluted share, compared to a GAAP net loss of ($3.3) million, or ($0.06) per share, in the prior year.
- 6
Non-GAAP net income rose 40% to $164.8 million, with diluted earnings per share of $3.26, up 46% year-over-year.
- 7
The company repurchased $531.9 million of its common stock during the second quarter.
Management Comments
Yamini Rangan
In Q2, we made deliberate choices to accelerate our AI transformation. Scaling companies want real outcomes and predictable pricing when adopting AI, and we are evolving our product, pricing, and go-to-market to meet those needs. Our agents are delivering measurable outcomes for go-to-market teams, while our pricing updates make it easier for customers to get started, realize value quickly, and scale. The AI shift unlocks a much larger opportunity for HubSpot, and I'm confident these choices position us to drive long-term, compounding growth. Jerry is a remarkable leader who deeply understands both the transformative potential of AI and what it takes to build and scale AI-first products. His experience shaping AI-driven product strategy, building products grounded in real customer needs, and turning emerging technology into measurable customer outcomes will be invaluable as HubSpot continues to help scaling companies grow. Jerry is one of the most accomplished AI product leaders in our industry, and we're thrilled to welcome him to our Board.
Jerry Dischler
I've seen firsthand how AI reshapes the way businesses connect with their customers. HubSpot has built the platform to make that real at scale, and I'm excited to be part of what comes next.
Informational and educational content only. Not investment advice.