StubHub Holdings, Inc. (STUB) Income Statement
STUB 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSTUB revenue and net income
Where STUB's revenue goes
2025Each bar shows an amount and its share of revenue. STUB kept −109.2% of revenue as net income.
STUB profit margins
STUB growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −1.4% | +19.0% | +117.8% | — |
| Gross profit | −2.2% | +18.2% | — | — |
| Operating income | −1,027.7% | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
STUB quarterly EPS vs estimates
StubHub beat the analyst EPS estimate in 2 of the last 5 quarters. Next report: November 12, 2026 (estimate $0.13).
STUB income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.75B | $1.77B | $1.37B | $1.04B | $672.8M | $35.6M | $211.6M |
| Cost of revenue | $339.6M | $334.1M | $231.9M | $185.6M | $89.0M | $227.0M | $47.7M |
| Gross profit | $1.41B | $1.44B | $1.14B | $851.1M | $583.8M | −$191.4M | $164.0M |
| Sales, general & admin | $2.69B | $1.21B | $793.3M | $910.5M | $698.3M | — | — |
| Total operating expenses | $2.69B | $1.30B | $882.6M | $1.07B | $967.7M | $337.4M | $186.1M |
| Operating income | −$1.28B | $138.1M | $253.2M | −$217.4M | −$383.9M | −$528.8M | −$22.1M |
| Interest income | $42.4M | $41.1M | $22.5M | $2.8M | $165,000 | — | — |
| Interest expense | $140.0M | $179.8M | $155.9M | $119.7M | $135.4M | $75.9M | $3.7M |
| Income before taxes | −$1.55B | $37.3M | $85.6M | −$248.5M | −$610.3M | −$886.3M | −$52.6M |
| Income taxes | $360.6M | $40.1M | −$319.6M | $12.5M | $19.7M | $24.4M | $9.2M |
| Net income | −$1.91B | −$2.8M | $405.2M | −$261.0M | −$630.0M | −$910.7M | −$61.8M |
| EBITDA | −$1.38B | $241.6M | $264.3M | −$43.7M | −$251.8M | −$617.6M | −$48.5M |
| EPS (diluted) | −$4.20 | −$0.01 | $1.10 | −$0.71 | — | — | — |
| Gross margin | 80.5% | 81.1% | 83.0% | 82.1% | 86.8% | −537.0% | 77.5% |
| Operating margin | −73.4% | 7.8% | 18.5% | −21.0% | −57.1% | −1,483.7% | −10.5% |
| Net margin | −109.2% | −0.2% | 29.6% | −25.2% | −93.6% | −2,555.2% | −29.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $573.1M | $446.0M | $449.2M | $468.1M | $430.3M | $397.6M | $533.4M | $433.8M | $443.3M | $360.1M | $332.4M | $377.5M |
| Cost of revenue | $114.4M | $73.7M | $82.3M | $106.9M | $75.1M | $62.5M | $134.6M | $85.7M | $72.4M | $53.9M | $59.6M | $64.2M |
| Gross profit | $458.7M | $372.3M | $366.9M | $361.2M | $355.2M | $335.2M | $398.8M | $348.0M | $370.9M | $306.2M | $272.9M | $313.3M |
| Sales, general & admin | $417.0M | $331.6M | $379.9M | $1.71B | $309.7M | $289.8M | $310.9M | $320.3M | $295.9M | $287.4M | — | — |
| Total operating expenses | $417.0M | $331.6M | $379.9M | $1.70B | $330.1M | $308.3M | $305.1M | $297.8M | $316.9M | $307.1M | $189.4M | $207.6M |
| Operating income | $41.6M | $40.8M | −$13.1M | −$1.34B | $25.1M | $26.8M | $93.8M | $50.2M | $53.9M | −$883,000 | $83.4M | $105.7M |
| Interest income | $12.2M | $10.5M | $10.8M | $12.9M | $10.4M | $8.3M | $9.8M | $11.0M | $11.3M | $9.0M | — | — |
| Interest expense | $13.1M | $17.3M | $18.4M | $35.4M | $43.9M | $42.4M | $45.2M | $47.5M | $45.6M | $41.4M | $41.0M | $40.8M |
| Income before taxes | $12.2M | $45.2M | −$42.4M | −$1.40B | −$71.4M | −$30.7M | $84.7M | −$49.8M | $28.0M | −$25.6M | −$899,000 | $67.7M |
| Income taxes | −$2.4M | −$2.8M | $492.9M | −$106.2M | −$17.6M | −$8.5M | $30.5M | −$16.8M | $35.9M | −$9.5M | −$340.2M | $11.7M |
| Net income | $14.6M | $48.0M | −$535.3M | −$1.29B | −$53.8M | −$22.2M | $54.2M | −$33.0M | −$7.9M | −$16.1M | $339.3M | $55.9M |
| EBITDA | $51.4M | $70.4M | −$17.6M | −$1.36B | −$21.1M | $18.1M | $136.3M | $3.9M | $79.7M | $21.7M | $45.9M | $114.3M |
| EPS (diluted) | $0.02 | $0.11 | $0.05 | −$4.04 | −$0.21 | — | — | — | — | — | — | — |
| Gross margin | 80.0% | 83.5% | 81.7% | 77.2% | 82.5% | 84.3% | 74.8% | 80.2% | 83.7% | 85.0% | 82.1% | 83.0% |
| Operating margin | 7.3% | 9.1% | −2.9% | −286.0% | 5.8% | 6.7% | 17.6% | 11.6% | 12.2% | −0.2% | 25.1% | 28.0% |
| Net margin | 2.5% | 10.8% | −119.2% | −276.6% | −12.5% | −5.6% | 10.2% | −7.6% | −1.8% | −4.5% | 102.1% | 14.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in STUB's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
STUB financial results
In fiscal year 2025 (ended December 31, 2025), StubHub reported revenue of $1.7 billion, down 1.4% from the year before. It had a net loss of $1.9 billion, a net profit margin of −109.2%. Diluted earnings per share came to −$4.20. Over five years revenue grew at an average rate of 117.8% a year.
See the STUB stock overview for the latest quote and news, or the STUB chart for price history and technical indicators.
STUB income statement FAQ
What is StubHub's annual revenue?
StubHub reported total revenue of $1.7 billion for fiscal year 2025, which ended on December 31, 2025. That was down 1.4% from $1.8 billion the previous year.
Is StubHub profitable?
No. StubHub reported a net loss of $1.9 billion in fiscal 2025, a net profit margin of −109.2%; its operating margin was −73.4%.
What is StubHub's gross margin?
StubHub's gross margin was 80.5% in fiscal 2025: for every $100 of revenue, StubHub kept $81 after the direct cost of its products and services.
How fast is StubHub growing?
Revenue grew 117.8% a year on average over the last five fiscal years, from $35.6 million to $1.7 billion.
What are StubHub's earnings per share?
StubHub earned $-4.20 per diluted share in fiscal 2025, compared with $-0.01 a year earlier.
When will StubHub report its next earnings?
StubHub is expected to report results for the quarter ending September 30, 2026 on November 12, 2026 after the market closes.
When does StubHub's fiscal year end?
StubHub's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.