Growth Metrics

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 🔒
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
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