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% on a QoQ basis from 13.7% in Q4 2025.
Sps Commerce (SPSC) has 17 years of EBITDA Margin data on file, last reported at 9.58% in Q1 2026.
- Quarterly EBITDA Margin fell 387.0% year-over-year to 9.58% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 12.68% (up 118.0% YoY) and the FY2025 annual result came in at 13.66%, up 313.0% from the prior year.
- EBITDA Margin declined to 9.58% in Q1 2026 per SPSC's latest filing, from 13.7% in the prior quarter.
- Across five years, EBITDA Margin topped out at 16.48% in Q4 2023 and bottomed at 5.3% in Q4 2024.
- The 5-year median for EBITDA Margin is 12.52% (2023), against an average of 12.05%.
- The widest annual swing landed in 2024, when EBITDA Margin sank 1117 bps; it then soared 840 bps in 2025.
- Tracing SPSC's EBITDA Margin over 5 years: stood at 14.07% in 2022, then climbed by 17 bps to 16.48% in 2023, then sank by 68 bps to 5.3% in 2024, then jumped by 158 bps to 13.7% in 2025, then sank by 30 bps to 9.58% in 2026.
- Per Business Quant, the three latest SPSC EBITDA Margin figures stand at 9.58% (Q1 2026), 13.7% (Q4 2025), and 12.61% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 28.69% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 16.69% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | -18.49% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 12.12% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 29.26% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 37.79% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | -22.99% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 46.97% |
| 10 | Sps Commerce | 2.00 Bn | 1.84 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% |
| Mar 31, 2021 | 11.55% |
| Dec 31, 2020 | 18.38% |
| Sep 30, 2020 | 15.49% |
| Jun 30, 2020 | 17.52% |
| Mar 31, 2020 | 7.61% |
| Dec 31, 2019 | 14.24% |
| Sep 30, 2019 | 11.21% |
| Jun 30, 2019 | 13.29% |
| Mar 31, 2019 | 11.28% |
| Dec 31, 2018 | 8.20% |
| Sep 30, 2018 | 13.09% |
| Jun 30, 2018 | 6.89% |
| Mar 31, 2018 | 3.75% |
| Dec 31, 2017 | -12.29% |
| Sep 30, 2017 | 7.21% |
| Jun 30, 2017 | 5.34% |
| Mar 31, 2017 | 8.75% |
| Dec 31, 2016 | -2.08% |
| Sep 30, 2016 | 5.87% |
| Jun 30, 2016 | -1.01% |
| Mar 31, 2016 | 2.88% |
| Dec 31, 2015 | 6.64% |
| Sep 30, 2015 | 5.60% |
| Jun 30, 2015 | 2.64% |
| Mar 31, 2015 | 2.49% |
| Dec 31, 2014 | 4.00% |
| Sep 30, 2014 | 4.17% |
| Jun 30, 2014 | 3.26% |
| Mar 31, 2014 | 2.07% |
| Dec 31, 2013 | 2.59% |
| Sep 30, 2013 | 1.37% |
| Jun 30, 2013 | 1.88% |
| Mar 31, 2013 | 0.82% |
| Dec 31, 2012 | 1.00% |
| Sep 30, 2012 | 0.68% |
| Jun 30, 2012 | 4.21% |
| Mar 31, 2012 | 2.78% |
| Dec 31, 2011 | 2.52% |
| Sep 30, 2011 | 1.74% |
| Jun 30, 2011 | -0.29% |
| Mar 31, 2011 | 4.01% |
| Dec 31, 2010 | 3.71% |
| Sep 30, 2010 | 7.55% |
| Jun 30, 2010 | 6.20% |