Sps Commerce (SPSC) Cost of Revenue (2010 - 2026)

Sps Commerce (SPSC) reported Cost of Revenue of $59.2 million for Q1 2026, up 42.23% year-over-year from $41.6 million in Q1 2025, and down 43.19% quarter-over-quarter from $104.2 million in Q4 2025.

Sps Commerce (SPSC) Cost of Revenue (2010 - 2026) Analysis & Trends

Sps Commerce (SPSC) has 17 years of Cost of Revenue data on file, last reported at $59.2 million in Q1 2026.

  • Cost of Revenue for Q1 2026 came in at $59.2 million, up 42.23% year-over-year; the trailing twelve-month figure through Mar 2026 was $249.2 million (up 46.18% YoY), and the FY2025 annual result was $231.6 million, up 9.93% from the prior year.
  • Cost of Revenue eased to $59.2 million in Q1 2026 per SPSC's latest filing, from $104.2 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $104.2 million in Q4 2025 and troughed at $27.2 million in Q4 2022.
  • A 5-year average of $43.1 million and a median of $37.6 million in 2024 frame the typical range for Cost of Revenue.
  • The sharpest annual moves came in 2023 and 2025: Cost of Revenue dropped 21.54% in 2023, then jumped 87.53% in 2025.
  • A 5-year view of Cost of Revenue shows it stood at $27.2 million in 2022, then gained by 22.11% to $33.2 million in 2023, then soared by 67.35% to $55.6 million in 2024, then jumped by 87.53% to $104.2 million in 2025, then plunged by 43.19% to $59.2 million in 2026.
  • Business Quant data shows SPSC's Cost of Revenue at $59.2 million in Q1 2026, $104.2 million in Q4 2025, and $42.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn 3.02 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn - 55.33 Mn
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 1.33 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 1.62 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 3.77 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 211.49 Mn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 940.00 Mn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 3.07 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 715.00 Mn
10 Sps Commerce 2.05 Bn 1.90 Bn 132.90 Mn 59.22 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 59.22 Mn
Mar 31, 2026 59.22 Mn
Dec 31, 2025 104.24 Mn
Dec 31, 2025 104.24 Mn
Sep 30, 2025 42.32 Mn
Sep 30, 2025 42.32 Mn
Jun 30, 2025 43.43 Mn
Jun 30, 2025 43.43 Mn
Mar 31, 2025 41.63 Mn
Mar 31, 2025 41.63 Mn
Dec 31, 2024 55.59 Mn
Dec 31, 2024 55.59 Mn
Sep 30, 2024 37.58 Mn
Sep 30, 2024 37.58 Mn
Jun 30, 2024 35.69 Mn
Jun 30, 2024 35.69 Mn
Mar 31, 2024 51.49 Mn
Mar 31, 2024 51.49 Mn
Dec 31, 2023 33.21 Mn
Dec 31, 2023 33.21 Mn