Lightspeed Commerce (LSPD) Gross Margin (2019 - 2026)
Lightspeed Commerce (LSPD) posted quarterly Gross Margin of 42.94% for Q2 2026, up 61.0% year-over-year from 26.67% in Q2 2025, and down 3.29% quarter-over-quarter from 44.4% in Q1 2026.
Lightspeed Commerce (LSPD) Gross Margin (2019 - 2026) Analysis & Trends
Lightspeed Commerce's Gross Margin history runs 8 years deep, the most recent figure standing at 42.94% for Q2 2026.
- In Q2 2026, Gross Margin rose 61.0% year-over-year to 42.94%; the TTM figure through Jun 2026 stood at 43.09% (up 87.0% YoY), while the FY2026 annual figure was 42.94%, up 113.0% from the prior year.
- Gross Margin for Q2 2026 stood at 42.94%, down from 44.4% in the prior quarter.
- The five-year high for Gross Margin was 47.53% in Q1 2022, with the low at 40.67% in Q2 2024.
- The 5-year median for Gross Margin is 42.85% (2025), against an average of 43.38%.
- The sharpest annual moves came in 2022 and 2025: Gross Margin sank 617 bps in 2022, then surged 166 bps in 2025.
- Lightspeed Commerce's Gross Margin stood at 45.58% in 2022, then retreated by 7 bps to 42.34% in 2023, then dropped by 2 bps to 41.36% in 2024, then gained by 3 bps to 42.77% in 2025, then grew by 0 bps to 42.94% in 2026.
- Business Quant data shows LSPD's Gross Margin at 42.94% in Q2 2026, 44.4% in Q1 2026, and 42.77% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 73.08% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 47.67% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 76.92% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 44.93% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 70.68% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 66.61% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 45.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 89.20% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 84.61% |
| 10 | Lightspeed Commerce | 1.47 Bn | 1.10 Bn | 138.56 Mn | 42.94% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 42.94% |
| Mar 31, 2026 | 44.40% |
| Dec 31, 2025 | 42.77% |
| Sep 30, 2025 | 42.38% |
| Jun 30, 2025 | 42.33% |
| Mar 31, 2025 | 44.13% |
| Dec 31, 2024 | 41.36% |
| Sep 30, 2024 | 41.23% |
| Jun 30, 2024 | 40.67% |
| Mar 31, 2024 | 43.31% |
| Dec 31, 2023 | 42.34% |
| Sep 30, 2023 | 41.76% |
| Jun 30, 2023 | 42.04% |
| Mar 31, 2023 | 47.20% |
| Dec 31, 2022 | 45.58% |
| Sep 30, 2022 | 44.35% |
| Jun 30, 2022 | 44.58% |
| Mar 31, 2022 | 47.53% |
| Dec 31, 2021 | 51.74% |
| Sep 30, 2021 | 48.75% |