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