Sps Commerce (SPSC) EBT Margin (2010 - 2026)
Sps Commerce's (SPSC) quarterly EBT Margin came in at 13.51% in Q1 2026, down 200.0% year-on-year from 13.51% in Q1 2025, and down 27.63% on a QoQ basis from 18.68% in Q4 2025.
Sps Commerce (SPSC) EBT Margin (2010 - 2026) Analysis & Trends
Sps Commerce (SPSC) has 17 years of EBT Margin data on file, last reported at 13.51% in Q1 2026.
- On a quarterly basis, EBT Margin fell 200.0% year-over-year to 13.51% in Q1 2026; TTM through Mar 2026 was 15.96%, a 33.0% decrease from a year earlier, with the FY2025 full-year figure at 16.48%, up 88.0% from the prior year.
- EBT Margin for Q1 2026 stood at 13.51%, down from 18.68% in the prior quarter.
- Over the last five years, EBT Margin for SPSC reached as high as 18.68% in Q4 2025 and fell as low as 12.39% in Q1 2024.
- Historically, EBT Margin has averaged 15.77% across 5 years, with a median of 16.1% in 2022.
- Across the five-year window, EBT Margin tumbled 391 bps in 2024 and surged 442 bps in 2025, its largest moves.
- Year by year, EBT Margin stood at 17.02% in 2022, then grew by 7 bps to 18.17% in 2023, then fell by 22 bps to 14.26% in 2024, then jumped by 31 bps to 18.68% in 2025, then slipped by 28 bps to 13.51% in 2026.
- Per Business Quant data, the three most recent EBT Margin figures were 13.51% in Q1 2026, 18.68% in Q4 2025, and 17.09% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 201.80 Bn | 181.57 Bn | 8.16 Bn | 28.74% |
| 2 | Full Truck Alliance | 192.30 Bn | 189.59 Bn | - | - |
| 3 | Shopify | 163.13 Bn | 157.39 Bn | 1.55 Bn | -20.00% |
| 4 | Salesforce | 153.34 Bn | 141.50 Bn | 8.56 Bn | 24.44% |
| 5 | Uber Technologies | 138.81 Bn | 137.60 Bn | 5.95 Bn | 3.76% |
| 6 | ServiceNow | 111.21 Bn | 106.55 Bn | 2.82 Bn | 10.99% |
| 7 | Automatic Data Processing | 103.35 Bn | 100.12 Bn | 2.87 Bn | 30.00% |
| 8 | Adobe | 97.23 Bn | 91.60 Bn | 5.90 Bn | 33.82% |
| 9 | Snowflake | 94.50 Bn | 91.54 Bn | 926.45 Mn | -21.33% |
| 10 | Sps Commerce | 2.47 Bn | 2.31 Bn | 132.90 Mn | 13.51% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.51% |
| Dec 31, 2025 | 18.68% |
| Sep 30, 2025 | 17.09% |
| Jun 30, 2025 | 14.54% |
| Mar 31, 2025 | 15.51% |
| Dec 31, 2024 | 14.26% |
| Sep 30, 2024 | 17.93% |
| Jun 30, 2024 | 17.72% |
| Mar 31, 2024 | 12.39% |
| Dec 31, 2023 | 18.17% |
| Sep 30, 2023 | 16.44% |
| Jun 30, 2023 | 14.50% |
| Mar 31, 2023 | 14.31% |
| Dec 31, 2022 | 17.02% |
| Sep 30, 2022 | 16.59% |
| Jun 30, 2022 | 13.40% |
| Mar 31, 2022 | 16.10% |
| Dec 31, 2021 | 14.84% |
| Sep 30, 2021 | 13.08% |
| Jun 30, 2021 | 13.91% |