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

Sps Commerce's (SPSC) quarterly Cost of Revenue came in at $59.2 million in Q1 2026, up 4.05% year-on-year from $56.9 million in Q1 2025, and up 3.97% on a QoQ basis from $57.0 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.

  • On a quarterly basis, Cost of Revenue rose 4.05% year-over-year to $59.2 million in Q1 2026; TTM through Mar 2026 was $233.9 million, a 8.23% increase from a year earlier, with the FY2025 full-year figure at $231.6 million, up 9.93% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $59.2 million, up from $57.0 million in the prior quarter.
  • Over the last five years, Cost of Revenue for SPSC reached as high as $59.8 million in Q2 2025 and fell as low as $35.4 million in Q1 2022.
  • Historically, Cost of Revenue has averaged $49.2 million across 5 years, with a median of $51.5 million in 2024.
  • Across the five-year window, Cost of Revenue increased 21.4% in 2023 and gained 2.47% in 2025, its largest moves.
  • Year by year, Cost of Revenue stood at $41.5 million in 2022, then grew by 18.05% to $49.0 million in 2023, then increased by 13.35% to $55.6 million in 2024, then grew by 2.47% to $57.0 million in 2025, then increased by 3.97% to $59.2 million in 2026.
  • Per Business Quant data, the three most recent Cost of Revenue figures were $59.2 million in Q1 2026, $57.0 million in Q4 2025, and $57.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Sap Se 199.59 Bn 179.36 Bn 8.16 Bn 3.02 Bn
2 Full Truck Alliance 193.24 Bn 190.53 Bn - -
3 Shopify 164.78 Bn 159.04 Bn 1.55 Bn 1.62 Bn
4 Salesforce 150.52 Bn 138.68 Bn 8.56 Bn 2.57 Bn
5 Uber Technologies 139.79 Bn 138.58 Bn 5.95 Bn 7.26 Bn
6 ServiceNow 109.10 Bn 104.44 Bn 2.82 Bn 1.17 Bn
7 Automatic Data Processing 102.68 Bn 99.45 Bn 2.87 Bn 3.07 Bn
8 Adobe 95.80 Bn 90.17 Bn 5.90 Bn 715.00 Mn
9 Snowflake 93.75 Bn 90.79 Bn 926.45 Mn 464.50 Mn
10 Sps Commerce 2.45 Bn 2.30 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 56.96 Mn
Dec 31, 2025 56.96 Mn
Sep 30, 2025 57.93 Mn
Sep 30, 2025 57.93 Mn
Jun 30, 2025 59.83 Mn
Jun 30, 2025 59.83 Mn
Mar 31, 2025 56.91 Mn
Mar 31, 2025 56.91 Mn
Dec 31, 2024 55.59 Mn
Dec 31, 2024 55.59 Mn
Sep 30, 2024 51.62 Mn
Sep 30, 2024 51.62 Mn
Jun 30, 2024 52.02 Mn
Jun 30, 2024 52.02 Mn
Mar 31, 2024 51.49 Mn
Mar 31, 2024 51.49 Mn
Dec 31, 2023 49.04 Mn
Dec 31, 2023 49.04 Mn