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| Date | Value |
|---|---|
| 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 |