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% on a QoQ basis from $104.2 million in Q4 2025.
Sps Commerce (SPSC) has 17 years of Cost of Revenue data on file, last reported at $59.2 million in Q1 2026.
- Quarterly Cost of Revenue rose 42.23% year-over-year to $59.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $249.2 million (up 46.18% YoY) and the FY2025 annual result came in at $231.6 million, up 9.93% from the prior year.
- Cost of Revenue declined to $59.2 million in Q1 2026 per SPSC's latest filing, from $104.2 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $104.2 million in Q4 2025 and bottomed at $27.2 million in Q4 2022.
- The 5-year median for Cost of Revenue is $37.6 million (2024), against an average of $43.1 million.
- The widest annual swing landed in 2023, when Cost of Revenue decreased 21.54%; it then surged 87.53% in 2025.
- Tracing SPSC's Cost of Revenue over 5 years: stood at $27.2 million in 2022, then increased by 22.11% to $33.2 million in 2023, then jumped by 67.35% to $55.6 million in 2024, then surged by 87.53% to $104.2 million in 2025, then slumped by 43.19% to $59.2 million in 2026.
- Per Business Quant, the three latest SPSC Cost of Revenue figures stand at $59.2 million (Q1 2026), $104.2 million (Q4 2025), and $42.3 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 3.02 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 4.02 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 1.33 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 1.62 Bn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 940.00 Mn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 211.49 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 1.71 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 3.07 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 1.79 Bn |
| 10 | Sps Commerce | 2.00 Bn | 1.84 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 |
| Sep 30, 2023 | 30.29 Mn |
| Sep 30, 2023 | 30.29 Mn |
| Jun 30, 2023 | 30.35 Mn |
| Jun 30, 2023 | 30.35 Mn |
| Mar 31, 2023 | 29.08 Mn |
| Mar 31, 2023 | 29.08 Mn |
| Dec 31, 2022 | 27.20 Mn |
| Dec 31, 2022 | 27.20 Mn |
| Sep 30, 2022 | 38.61 Mn |
| Sep 30, 2022 | 38.61 Mn |
| Jun 30, 2022 | 37.53 Mn |
| Jun 30, 2022 | 37.53 Mn |
| Mar 31, 2022 | 35.39 Mn |
| Mar 31, 2022 | 35.39 Mn |
| Dec 31, 2021 | 22.66 Mn |
| Dec 31, 2021 | 22.66 Mn |
| Sep 30, 2021 | 34.34 Mn |
| Sep 30, 2021 | 34.34 Mn |
| Jun 30, 2021 | 21.95 Mn |
| Jun 30, 2021 | 21.95 Mn |
| Mar 31, 2021 | 29.97 Mn |
| Mar 31, 2021 | 29.97 Mn |
| Dec 31, 2020 | 19.81 Mn |
| Dec 31, 2020 | 19.81 Mn |
| Sep 30, 2020 | 19.23 Mn |
| Sep 30, 2020 | 19.23 Mn |
| Jun 30, 2020 | 18.61 Mn |
| Jun 30, 2020 | 18.61 Mn |
| Mar 31, 2020 | 23.54 Mn |
| Mar 31, 2020 | 23.54 Mn |
| Dec 31, 2019 | 1.81 Mn |
| Dec 31, 2019 | 1.81 Mn |
| Sep 30, 2019 | 23.26 Mn |
| Sep 30, 2019 | 23.26 Mn |
| Jun 30, 2019 | 23.70 Mn |
| Jun 30, 2019 | 23.70 Mn |
| Mar 31, 2019 | 17.92 Mn |
| Mar 31, 2019 | 17.92 Mn |
| Dec 31, 2018 | 17.70 Mn |
| Dec 31, 2018 | 17.70 Mn |
| Sep 30, 2018 | 16.95 Mn |
| Sep 30, 2018 | 16.95 Mn |
| Jun 30, 2018 | 18.42 Mn |
| Jun 30, 2018 | 18.42 Mn |
| Mar 31, 2018 | 18.65 Mn |
| Mar 31, 2018 | 18.65 Mn |
| Dec 31, 2017 | 18.28 Mn |
| Dec 31, 2017 | 18.28 Mn |
| Sep 30, 2017 | 18.65 Mn |
| Sep 30, 2017 | 18.65 Mn |
| Jun 30, 2017 | 18.19 Mn |
| Jun 30, 2017 | 18.19 Mn |
| Mar 31, 2017 | 17.02 Mn |
| Mar 31, 2017 | 17.02 Mn |
| Dec 31, 2016 | 19.85 Mn |
| Dec 31, 2016 | 19.85 Mn |
| Sep 30, 2016 | 16.53 Mn |
| Sep 30, 2016 | 16.53 Mn |
| Jun 30, 2016 | 15.97 Mn |
| Jun 30, 2016 | 15.97 Mn |
| Mar 31, 2016 | 14.88 Mn |
| Mar 31, 2016 | 14.88 Mn |
| Dec 31, 2015 | 13.73 Mn |
| Dec 31, 2015 | 13.73 Mn |
| Sep 30, 2015 | 12.70 Mn |
| Sep 30, 2015 | 12.70 Mn |
| Jun 30, 2015 | 12.34 Mn |
| Jun 30, 2015 | 12.34 Mn |
| Mar 31, 2015 | 11.57 Mn |
| Mar 31, 2015 | 11.57 Mn |
| Dec 31, 2014 | 5.49 Mn |
| Dec 31, 2014 | 5.49 Mn |
| Sep 30, 2014 | 12.05 Mn |
| Sep 30, 2014 | 12.05 Mn |
| Jun 30, 2014 | 9.63 Mn |
| Jun 30, 2014 | 9.63 Mn |
| Mar 31, 2014 | 10.88 Mn |
| Mar 31, 2014 | 10.88 Mn |
| Dec 31, 2013 | 10.46 Mn |
| Dec 31, 2013 | 10.46 Mn |
| Sep 30, 2013 | 10.29 Mn |
| Sep 30, 2013 | 10.29 Mn |
| Jun 30, 2013 | 9.65 Mn |
| Jun 30, 2013 | 9.65 Mn |
| Mar 31, 2013 | 7.07 Mn |
| Mar 31, 2013 | 7.07 Mn |
| Dec 31, 2012 | 8.78 Mn |
| Dec 31, 2012 | 8.78 Mn |
| Sep 30, 2012 | 7.84 Mn |
| Sep 30, 2012 | 7.84 Mn |
| Jun 30, 2012 | 4.84 Mn |
| Jun 30, 2012 | 4.84 Mn |
| Mar 31, 2012 | 6.45 Mn |
| Mar 31, 2012 | 6.45 Mn |
| Dec 31, 2011 | 4.22 Mn |
| Dec 31, 2011 | 4.22 Mn |
| Sep 30, 2011 | 4.08 Mn |
| Sep 30, 2011 | 4.08 Mn |
| Jun 30, 2011 | 3.75 Mn |
| Jun 30, 2011 | 3.75 Mn |
| Mar 31, 2011 | 5.13 Mn |
| Mar 31, 2011 | 5.13 Mn |
| Dec 31, 2010 | 7.31 Mn |
| Dec 31, 2010 | 7.31 Mn |
| Sep 30, 2010 | 3.21 Mn |
| Sep 30, 2010 | 3.21 Mn |
| Jun 30, 2010 | 3.10 Mn |
| Jun 30, 2010 | 3.10 Mn |