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

Commerce.com's Operating Margin history runs 8 years deep, the most recent figure standing at 6.64% for Q1 2026.

• On a quarterly basis, Operating Margin rose 957.0% year-over-year to 6.64% in Q1 2026; TTM through Mar 2026 was 2.32%, a 839.0% increase from a year earlier, with the FY2025 full-year figure at 4.74%, up 778.0% from the prior year.
• Operating Margin improved to 6.64% in Q1 2026 per CMRC's latest filing, from 7.36% in the prior quarter.
• Across five years, Operating Margin topped out at 6.64% in Q1 2026 and bottomed at 57.39% in Q2 2022.
• The 5-year median for Operating Margin is 16.48% (2024), against an average of 21.23%.
• Across the five-year window, Operating Margin plunged 3647 bps in 2022 and jumped 4113 bps in 2023, its largest moves.
• Year by year, Operating Margin stood at 47.89% in 2022, then jumped by 86 bps to 6.76% in 2023, then surged by 87 bps to 0.86% in 2024, then slumped by 752 bps to 7.36% in 2025, then jumped by 190 bps to 6.64% in 2026.
• Per Business Quant, the three latest CMRC Operating Margin figures stand at 6.64% (Q1 2026), 7.36% (Q4 2025), and 0.51% (Q3 2025).