Commerce.com (CMRC) Operating Expenses (2019 - 2026)
Commerce.com's Operating Expenses came in at $60.83 million for Q2 2026, down 17.2% from $73.48 million a year earlier and down 0.1% from the prior quarter.
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Analysis
Commerce.com (CMRC) Operating Expenses (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Commerce.com reported Operating Expenses of $266.25 million, down 9.0% year-over-year; for FY2025, it came in at $285.81 million, down 3.8% from FY2024.
- Operating Expenses has declined in each of the last three years, though with a five-year compound annual growth rate of 12.7% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $297.02 million in FY2024 (-3.5%), $307.64 million in FY2023 (-12.0%), $349.66 million in FY2022 (+41.4%) and $247.32 million in FY2021 (+57.6%).
- The Q2 2026 figure represents the lowest quarterly Operating Expenses since Q2 2021.
- Year-over-year, Operating Expenses increased in two of the last eight quarters, with an average decline of 5.1%.
- The fastest year-over-year change in Operating Expenses over five years came in Q1 2022 (growth of 85.2%), and the weakest in Q4 2023 (a decline of 20.0%).
- Business Quant data shows CMRC's Operating Expenses at $60.88 million (Q1 2026), $76.67 million (Q4 2025) and $67.87 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,157.04 Bn | 3,914.57 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,734.53 Bn | 1,437.05 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Netflix | 294.83 Bn | 255.03 Bn | 6.52 Bn | 1.51 Bn |
| 4 | Alibaba Group Holding | 250.27 Bn | 64.05 Bn | 15.11 Bn | -5.17 Bn |
| 5 | Shopify | 225.36 Bn | 202.54 Bn | 1.71 Bn | 1.22 Bn |
| 6 | Uber Technologies | 141.24 Bn | 113.04 Bn | 6.38 Bn | 12.30 Bn |
| 7 | Booking Holdings | 127.18 Bn | 60.23 Bn | - | 4.85 Bn |
| 8 | PDD Holdings | 112.67 Bn | -131.10 Bn | 9.45 Bn | -5.39 Bn |
| 9 | Spotify Technology | 108.96 Bn | 66.46 Bn | 1.86 Bn | 640.46 Mn |
| 10 | Commerce.com | 296.63 Mn | -297.96 Mn | 63.53 Mn | 60.83 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 60.83 Mn |
| 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 |
API Access
Commerce.com Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=CMRC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "CMRC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=CMRC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();