Lightspeed Commerce (LSPD) Operating Expenses (2019 - 2026)

Lightspeed Commerce's (LSPD) quarterly Operating Expenses came in at $165.1 million in Q1 2026, down 76.14% year-on-year from $691.9 million in Q1 2025, and down 3.6% quarter-over-quarter from $171.2 million in Q4 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.

  • On a quarterly basis, Operating Expenses fell 76.14% year-over-year to $165.1 million in Q1 2026; TTM through Mar 2026 was $679.2 million, a 40.74% decrease from a year earlier, with the FY2026 full-year figure at $679.2 million, down 40.74% from the prior year.
  • Operating Expenses slipped to $165.1 million in Q1 2026 per LSPD's latest filing, from $171.2 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $910.5 million in Q4 2022 and bottomed at $141.0 million in Q1 2024.
  • The 5-year median for Operating Expenses is $168.3 million (2022), against an average of $237.0 million.
  • Across the five-year window, Operating Expenses jumped 477.91% in 2022 and plunged 83.2% in 2023, its largest moves.
  • Year by year, Operating Expenses stood at $910.5 million in 2022, then plunged 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.
  • Per Business Quant, the three latest LSPD Operating Expenses figures stand at $165.1 million (Q1 2026), $171.2 million (Q4 2025), and $171.8 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -269.42 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 1.16 Bn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 11.28 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 6.22 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 2.66 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 4.23 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 1.25 Bn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 1.04 Bn
10 Lightspeed Commerce 1.33 Bn 877.93 Mn 129.11 Mn 165.06 Mn

Historic Data

Download Data
DateValue
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