Commerce.com (CMRC) Operating Expenses (2019 - 2026)

Commerce.com (CMRC) recorded quarterly Operating Expenses of $60.9 million in Q1 2026, down 20.59% quarter-over-quarter from $76.7 million in Q4 2025, and down 10.2% on a YoY basis from $67.8 million in Q1 2025.

Commerce.com (CMRC) Operating Expenses (2019 - 2026) Analysis & Trends

Commerce.com's Operating Expenses history runs 8 years deep, the most recent figure standing at $60.9 million for Q1 2026.

  • In Q1 2026, Operating Expenses fell 10.2% year-over-year to $60.9 million; the TTM figure through Mar 2026 stood at $278.9 million (down 5.35% YoY), while the FY2025 annual figure was $285.8 million, down 3.77% from the prior year.
  • Operating Expenses was $60.9 million for Q1 2026 at Commerce.com, down from $76.7 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $90.5 million in Q2 2022 to a low of $60.9 million in Q1 2026.
  • Historically, Operating Expenses has averaged $76.5 million across 5 years, with a median of $76.7 million in 2025.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 85.25% in 2022, then fell 20.01% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $88.6 million in 2022, then fell by 20.01% to $70.9 million in 2023, then decreased by 3.65% to $68.3 million in 2024, then rose by 12.25% to $76.7 million in 2025, then dropped by 20.59% to $60.9 million in 2026.
  • The last three Operating Expenses figures came in at $60.9 million (Q1 2026), $76.7 million (Q4 2025), and $67.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 236.58 Bn 218.61 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 174.94 Bn 172.39 Bn - -269.42 Mn
3 Uber Technologies 149.11 Bn 148.07 Bn 11.88 Bn 11.28 Bn
4 Shopify 146.47 Bn 140.73 Bn 1.55 Bn 1.16 Bn
5 Salesforce 143.14 Bn 131.30 Bn 8.56 Bn 6.22 Bn
6 ServiceNow 107.89 Bn 102.71 Bn 2.83 Bn 2.33 Bn
7 Cadence Design Systems 107.18 Bn 105.77 Bn 1.26 Bn 1.04 Bn
8 Automatic Data Processing 89.86 Bn 86.63 Bn 2.87 Bn 4.23 Bn
9 Adobe 84.54 Bn 77.65 Bn 5.73 Bn 3.32 Bn
10 Commerce.com 220.70 Mn 161.61 Mn 66.65 Mn 60.88 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 60.88 Mn
Dec 31, 2025 76.67 Mn
Sep 30, 2025 67.87 Mn
Jun 30, 2025 73.48 Mn
Mar 31, 2025 67.80 Mn
Dec 31, 2024 68.30 Mn
Sep 30, 2024 83.06 Mn
Jun 30, 2024 75.51 Mn
Mar 31, 2024 70.15 Mn
Dec 31, 2023 70.89 Mn
Sep 30, 2023 81.19 Mn
Jun 30, 2023 77.58 Mn
Mar 31, 2023 77.97 Mn
Dec 31, 2022 88.63 Mn
Sep 30, 2022 85.43 Mn
Jun 30, 2022 90.48 Mn
Mar 31, 2022 85.13 Mn
Dec 31, 2021 82.07 Mn
Sep 30, 2021 68.20 Mn
Jun 30, 2021 51.10 Mn