Sps Commerce (SPSC) EBITDA Margin (2010 - 2026)
Sps Commerce (SPSC) reported EBITDA Margin of 9.58% for Q1 2026, down 387.0% year-over-year from 3.34% in Q1 2025, and down 30.02% quarter-over-quarter from 13.7% in Q4 2025.
Sps Commerce (SPSC) EBITDA Margin (2010 - 2026) Analysis & Trends
Sps Commerce (SPSC) has 17 years of EBITDA Margin data on file, last reported at 9.58% in Q1 2026.
- EBITDA Margin for Q1 2026 came in at 9.58%, down 387.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 12.68% (up 118.0% YoY), and the FY2025 annual result was 13.66%, up 313.0% from the prior year.
- EBITDA Margin eased to 9.58% in Q1 2026 per SPSC's latest filing, from 13.7% in the prior quarter.
- Over five years, EBITDA Margin peaked at 16.48% in Q4 2023 and troughed at 5.3% in Q4 2024.
- A 5-year average of 12.05% and a median of 12.52% in 2023 frame the typical range for EBITDA Margin.
- The sharpest annual moves came in 2024 and 2025: EBITDA Margin tumbled 1117 bps in 2024, then surged 840 bps in 2025.
- A 5-year view of EBITDA Margin shows it stood at 14.07% in 2022, then increased by 17 bps to 16.48% in 2023, then tumbled by 68 bps to 5.3% in 2024, then soared by 158 bps to 13.7% in 2025, then tumbled by 30 bps to 9.58% in 2026.
- Business Quant data shows SPSC's EBITDA Margin at 9.58% in Q1 2026, 13.7% in Q4 2025, and 12.61% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | -18.49% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 21.08% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 29.26% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 12.12% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -22.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 33.82% |
| 10 | Sps Commerce | 2.05 Bn | 1.90 Bn | 132.90 Mn | 9.58% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.58% |
| Dec 31, 2025 | 13.70% |
| Sep 30, 2025 | 12.61% |
| Jun 30, 2025 | 14.88% |
| Mar 31, 2025 | 13.45% |
| Dec 31, 2024 | 5.30% |
| Sep 30, 2024 | 16.27% |
| Jun 30, 2024 | 11.01% |
| Mar 31, 2024 | 9.73% |
| Dec 31, 2023 | 16.48% |
| Sep 30, 2023 | 10.34% |
| Jun 30, 2023 | 12.52% |
| Mar 31, 2023 | 12.09% |
| Dec 31, 2022 | 14.07% |
| Sep 30, 2022 | 11.95% |
| Jun 30, 2022 | 8.22% |
| Mar 31, 2022 | 12.68% |
| Dec 31, 2021 | 12.57% |
| Sep 30, 2021 | 10.73% |
| Jun 30, 2021 | 10.95% |