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
DateValue
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