Sps Commerce (SPSC) EBT Margin (2010 - 2026)
Sps Commerce (SPSC) reported EBT Margin of 13.51% for Q1 2026, down 200.0% year-over-year from 13.51% in Q1 2025, and down 27.63% quarter-over-quarter 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.
- EBT Margin for Q1 2026 came in at 13.51%, down 200.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 15.96% (down 33.0% YoY), and the FY2025 annual result was 16.48%, up 88.0% from the prior year.
- EBT Margin fell to 13.51% in Q1 2026 per SPSC's latest filing, from 18.68% in the prior quarter.
- Over five years, EBT Margin peaked at 18.68% in Q4 2025 and troughed at 12.39% in Q1 2024.
- A 5-year average of 15.77% and a median of 16.1% in 2022 frame the typical range for EBT Margin.
- The sharpest annual moves came in 2024 and 2025: EBT Margin sank 391 bps in 2024, then jumped 442 bps in 2025.
- A 5-year view of EBT Margin shows it stood at 17.02% in 2022, then gained by 7 bps to 18.17% in 2023, then slipped by 22 bps to 14.26% in 2024, then jumped by 31 bps to 18.68% in 2025, then fell by 28 bps to 13.51% in 2026.
- Business Quant data shows SPSC's EBT Margin at 13.51% in Q1 2026, 18.68% in Q4 2025, and 17.09% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 28.74% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 3.76% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | -20.00% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 24.25% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 29.04% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 17.85% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 30.00% |
| 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 | 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% |