Lightspeed Commerce (LSPD) Operating Expenses (2019 - 2026)
Lightspeed Commerce (LSPD) recorded quarterly Operating Expenses of $165.1 million in Q1 2026, down 3.6% quarter-over-quarter from $171.2 million in Q4 2025, and down 76.14% on a YoY basis from $691.9 million in Q1 2025.
Lightspeed Commerce (LSPD) Operating Expenses (2019 - 2026) Analysis & Trends
Lightspeed Commerce's Operating Expenses history runs 8 years deep, the most recent figure standing at $165.1 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 76.14% year-over-year to $165.1 million; the TTM figure through Mar 2026 stood at $679.2 million (down 40.74% YoY), while the FY2026 annual figure was $679.2 million, down 40.74% from the prior year.
- Operating Expenses was $165.1 million for Q1 2026 at Lightspeed Commerce, down from $171.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $910.5 million in Q4 2022 to a low of $141.0 million in Q1 2024.
- Historically, Operating Expenses has averaged $237.0 million across 5 years, with a median of $168.3 million in 2022.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 477.91% in 2022, then plunged 83.2% in 2023.
- A 5-year view of Operating Expenses shows it stood at $910.5 million in 2022, then slumped by 83.2% to $153.0 million in 2023, then retreated by 2.04% to $149.9 million in 2024, then increased by 14.24% to $171.2 million in 2025, then decreased by 3.6% to $165.1 million in 2026.
- The last three Operating Expenses figures came in at $165.1 million (Q1 2026), $171.2 million (Q4 2025), and $171.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 262.33 Bn | 244.36 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 173.49 Bn | 170.93 Bn | - | -269.42 Mn |
| 3 | Salesforce | 158.80 Bn | 146.96 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Shopify | 144.36 Bn | 138.62 Bn | 1.55 Bn | 1.16 Bn |
| 5 | Uber Technologies | 144.25 Bn | 143.21 Bn | 11.88 Bn | 11.28 Bn |
| 6 | ServiceNow | 118.74 Bn | 113.56 Bn | 2.83 Bn | 2.33 Bn |
| 7 | Cadence Design Systems | 107.33 Bn | 105.92 Bn | 1.26 Bn | 1.04 Bn |
| 8 | Adobe | 100.50 Bn | 93.61 Bn | 5.73 Bn | 3.32 Bn |
| 9 | Automatic Data Processing | 92.49 Bn | 89.26 Bn | 2.87 Bn | 4.23 Bn |
| 10 | Lightspeed Commerce | 37.35 Mn | -416.55 Mn | 129.11 Mn | 165.06 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 165.06 Mn |
| Dec 31, 2025 | 171.22 Mn |
| Sep 30, 2025 | 171.82 Mn |
| Jun 30, 2025 | 171.13 Mn |
| Mar 31, 2025 | 691.89 Mn |
| Dec 31, 2024 | 149.87 Mn |
| Sep 30, 2024 | 152.16 Mn |
| Jun 30, 2024 | 152.29 Mn |
| Mar 31, 2024 | 140.98 Mn |
| Dec 31, 2023 | 152.99 Mn |
| Sep 30, 2023 | 148.15 Mn |
| Jun 30, 2023 | 146.15 Mn |
| Mar 31, 2023 | 169.80 Mn |
| Dec 31, 2022 | 910.50 Mn |
| Sep 30, 2022 | 168.29 Mn |
| Jun 30, 2022 | 182.42 Mn |
| Mar 31, 2022 | 183.51 Mn |
| Dec 31, 2021 | 157.55 Mn |
| Sep 30, 2021 | 139.73 Mn |
| Jun 30, 2021 | 108.73 Mn |