HubSpot's second quarter revenue of $911.7M and non-GAAP EPS of $3.26 both beat expectations, driven by 20% subscription growth.

HubSpot reported second quarter 2026 revenue of $911.7 million, an increase of 20% year-over-year, with non-GAAP earnings per share of $3.26, up 49% from the prior year. The company saw its total customer base grow 14% to over 306,000, while non-GAAP operating margin expanded to 20.3% from 17.0% a year ago. Additionally, HubSpot's board authorized a new share repurchase program of up to $1.0 billion.

Key Highlights

• Second quarter revenue grew 20% year-over-year to $911.7 million (17% in constant currency).
• The company shifted to GAAP operating profitability, reporting income of $43.3 million, compared to a loss of $24.6 million in the prior-year quarter.
• Total customers increased by 14% year-over-year to 306,446, while average subscription revenue per customer grew 4% to $11,800.
• The Board of Directors authorized a new $1.0 billion share repurchase program, executable over the next 24 months.