HUBS
HubSpot’s still got gas in the tank
HubSpot dropped its Q2 2026 numbers, and the headline is pretty simple: the business kept growing at a healthy clip. Total revenue hit $911.7 million, up 20% year over year, while subscription revenue — the part investors usually care about most because recurring money is the good stuff — rose 20% to $894.0 million.
The recurring-revenue machine keeps humming
That subscription number is the real tell here. HubSpot’s core model is still pulling in more customers and more spend from existing ones, which is exactly what you want to see from a company that sells a platform, not a one-time gadget you forget about in a drawer.
Professional services and other revenue came in at $17.7 million, up 8%, which is fine but not the main event. The bigger takeaway is that HubSpot continues to look like a software company with actual momentum, not just a spreadsheet full of vibes.
Why investors are paying attention
For holders, the question isn’t just “did revenue grow?” It’s whether HubSpot can keep that growth going while also showing the kind of operating discipline the market loves to reward. In other words: can it keep scaling without turning into a spending bonfire?
Big picture: HubSpot’s Q2 says the growth story is still alive and kicking, which should keep the stock on investor radars even if the market starts nitpicking margins and guidance next.