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
DateValue
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%