Commerce.com (CMRC) Gross Margin (2019 - 2026)
Commerce.com's (CMRC) quarterly Gross Margin came in at 76.75% in Q1 2026, down 263.0% year-on-year from 47.09% in Q1 2025, and down 1.97% quarter-over-quarter from 78.29% in Q4 2025.
Commerce.com (CMRC) Gross Margin (2019 - 2026) Analysis & Trends
Commerce.com's Gross Margin history runs 8 years deep, the most recent figure standing at 76.75% for Q1 2026.
- On a quarterly basis, Gross Margin fell 263.0% year-over-year to 76.75% in Q1 2026; TTM through Mar 2026 was 78.1%, a 83.0% increase from a year earlier, with the FY2025 full-year figure at 78.75%, up 205.0% from the prior year.
- Gross Margin fell to 76.75% in Q1 2026 per CMRC's latest filing, from 78.29% in the prior quarter.
- Across five years, Gross Margin topped out at 79.38% in Q1 2025 and bottomed at 74.11% in Q1 2022.
- The 5-year median for Gross Margin is 76.27% (2024), against an average of 76.59%.
- Across the five-year window, Gross Margin sank 607 bps in 2022 and surged 320 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 74.47% in 2022, then climbed by 4 bps to 77.49% in 2023, then advanced by 0 bps to 77.62% in 2024, then climbed by 1 bps to 78.29% in 2025, then slipped by 2 bps to 76.75% in 2026.
- Per Business Quant, the three latest CMRC Gross Margin figures stand at 76.75% (Q1 2026), 78.29% (Q4 2025), and 78.39% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 48.77% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 45.03% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 76.92% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 48.28% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 66.61% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 95.85% |
| 10 | Commerce.com | 214.13 Mn | 58.99 Mn | 66.65 Mn | 76.75% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 76.75% |
| Dec 31, 2025 | 78.29% |
| Sep 30, 2025 | 78.39% |
| Jun 30, 2025 | 78.99% |
| Mar 31, 2025 | 79.38% |
| Dec 31, 2024 | 77.62% |
| Sep 30, 2024 | 76.27% |
| Jun 30, 2024 | 75.79% |
| Mar 31, 2024 | 77.05% |
| Dec 31, 2023 | 77.49% |
| Sep 30, 2023 | 75.59% |
| Jun 30, 2023 | 75.14% |
| Mar 31, 2023 | 75.69% |
| Dec 31, 2022 | 74.47% |
| Sep 30, 2022 | 75.79% |
| Jun 30, 2022 | 75.28% |
| Mar 31, 2022 | 74.11% |
| Dec 31, 2021 | 74.36% |
| Sep 30, 2021 | 79.08% |
| Jun 30, 2021 | 79.22% |