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
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