Sps Commerce (SPSC) FCF Margin (2010 - 2026)

Sps Commerce (SPSC) reported FCF Margin of 25.24% for Q1 2026, up 660.0% year-over-year from 3.32% in Q1 2025, and up 27.22% quarter-over-quarter from 19.84% in Q4 2025.

Sps Commerce (SPSC) FCF Margin (2010 - 2026) Analysis & Trends

Sps Commerce (SPSC) has 17 years of FCF Margin data on file, last reported at 25.24% in Q1 2026.

  • FCF Margin for Q1 2026 came in at 25.24%, up 660.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 21.9% (up 90.0% YoY), and the FY2025 annual result was 20.26%, down 127.0% from the prior year.
  • FCF Margin rose to 25.24% in Q1 2026 per SPSC's latest filing, from 19.84% in the prior quarter.
  • Over five years, FCF Margin peaked at 29.69% in Q3 2022 and troughed at 0.01% in Q1 2022.
  • A 5-year average of 20.33% and a median of 20.1% in 2024 frame the typical range for FCF Margin.
  • The sharpest annual moves came in 2022 and 2023: FCF Margin slumped 2037 bps in 2022, then soared 1301 bps in 2023.
  • A 5-year view of FCF Margin shows it stood at 14.41% in 2022, then soared by 36 bps to 19.65% in 2023, then climbed by 2 bps to 20.1% in 2024, then retreated by 1 bps to 19.84% in 2025, then advanced by 27 bps to 25.24% in 2026.
  • Business Quant data shows SPSC's FCF Margin at 25.24% in Q1 2026, 19.84% in Q4 2025, and 28.73% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn 36.77%
2 Full Truck Alliance 166.83 Bn 164.28 Bn - -
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 17.31%
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 15.02%
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 58.89%
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 20.82%
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 41.64%
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 36.83%
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 31.84%
10 Sps Commerce 2.05 Bn 1.90 Bn 132.90 Mn 25.24%

Historic Data

Download Data
DateValue
Mar 31, 2026 25.24%
Dec 31, 2025 19.84%
Sep 30, 2025 28.73%
Jun 30, 2025 13.69%
Mar 31, 2025 18.64%
Dec 31, 2024 20.10%
Sep 30, 2024 29.38%
Jun 30, 2024 15.87%
Mar 31, 2024 20.41%
Dec 31, 2023 19.65%
Sep 30, 2023 28.12%
Jun 30, 2023 22.64%
Mar 31, 2023 13.01%
Dec 31, 2022 14.41%
Sep 30, 2022 29.69%
Jun 30, 2022 26.20%
Mar 31, 2022 -0.01%
Dec 31, 2021 26.57%
Sep 30, 2021 20.51%
Jun 30, 2021 29.17%