Lightspeed Commerce (LSPD) Cost of Revenue (2019 - 2026)
Lightspeed Commerce's (LSPD) quarterly Cost of Revenue came in at $161.7 million in Q1 2026, up 14.2% year-on-year from $141.6 million in Q1 2025, and down 9.56% quarter-over-quarter from $178.8 million in Q4 2025.
Lightspeed Commerce (LSPD) Cost of Revenue (2019 - 2026) Analysis & Trends
Lightspeed Commerce's Cost of Revenue history runs 8 years deep, the most recent figure standing at $161.7 million for Q1 2026.
- On a quarterly basis, Cost of Revenue rose 14.2% year-over-year to $161.7 million in Q1 2026; TTM through Mar 2026 was $700.1 million, a 11.73% increase from a year earlier, with the FY2026 full-year figure at $700.1 million, up 11.73% from the prior year.
- Cost of Revenue retreated to $161.7 million in Q1 2026 per LSPD's latest filing, from $178.8 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $183.8 million in Q3 2025 and bottomed at $76.9 million in Q1 2022.
- The 5-year median for Cost of Revenue is $138.2 million (2023), against an average of $136.8 million.
- Across the five-year window, Cost of Revenue jumped 100.64% in 2022 and advanced 8.48% in 2025, its largest moves.
- Year by year, Cost of Revenue stood at $102.7 million in 2022, then surged by 34.6% to $138.2 million in 2023, then climbed by 18.84% to $164.3 million in 2024, then grew by 8.83% to $178.8 million in 2025, then decreased by 9.56% to $161.7 million in 2026.
- Per Business Quant, the three latest LSPD Cost of Revenue figures stand at $161.7 million (Q1 2026), $178.8 million (Q4 2025), and $183.8 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 199.59 Bn | 179.36 Bn | 8.16 Bn | 3.02 Bn |
| 2 | Full Truck Alliance | 193.24 Bn | 190.53 Bn | - | - |
| 3 | Shopify | 164.78 Bn | 159.04 Bn | 1.55 Bn | 1.62 Bn |
| 4 | Salesforce | 150.52 Bn | 138.68 Bn | 8.56 Bn | 2.57 Bn |
| 5 | Uber Technologies | 139.79 Bn | 138.58 Bn | 5.95 Bn | 7.26 Bn |
| 6 | ServiceNow | 109.10 Bn | 104.44 Bn | 2.82 Bn | 1.17 Bn |
| 7 | Automatic Data Processing | 102.68 Bn | 99.45 Bn | 2.87 Bn | 3.07 Bn |
| 8 | Adobe | 95.80 Bn | 90.17 Bn | 5.90 Bn | 715.00 Mn |
| 9 | Snowflake | 93.75 Bn | 90.79 Bn | 926.45 Mn | 464.50 Mn |
| 10 | Lightspeed Commerce | 1.43 Bn | 978.13 Mn | 129.11 Mn | 161.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 161.69 Mn |
| Mar 31, 2026 | 161.69 Mn |
| Dec 31, 2025 | 178.77 Mn |
| Dec 31, 2025 | 178.77 Mn |
| Sep 30, 2025 | 183.80 Mn |
| Sep 30, 2025 | 183.80 Mn |
| Jun 30, 2025 | 175.87 Mn |
| Jun 30, 2025 | 175.87 Mn |
| Mar 31, 2025 | 141.58 Mn |
| Mar 31, 2025 | 141.58 Mn |
| Dec 31, 2024 | 164.26 Mn |
| Dec 31, 2024 | 164.26 Mn |
| Sep 30, 2024 | 162.90 Mn |
| Sep 30, 2024 | 162.90 Mn |
| Jun 30, 2024 | 157.88 Mn |
| Jun 30, 2024 | 157.88 Mn |
| Mar 31, 2024 | 130.52 Mn |
| Mar 31, 2024 | 130.52 Mn |
| Dec 31, 2023 | 138.22 Mn |
| Dec 31, 2023 | 138.22 Mn |