Sps Commerce (SPSC) FCF Margin (2010 - 2026)
Sps Commerce (SPSC) posted quarterly FCF Margin of 29.03% for Q2 2026, up 1534.0% year-over-year from 1.78% in Q2 2025, and up 15.03% quarter-over-quarter from 25.24% in Q1 2026.
Sps Commerce (SPSC) FCF Margin (2010 - 2026) Analysis & Trends
Sps Commerce (SPSC) has reported FCF Margin for 17 consecutive years, with 29.03% the latest figure, recorded in Q2 2026.
- In Q2 2026, FCF Margin rose 1534.0% year-over-year to 29.03%; the TTM figure through Jun 2026 stood at 25.72% (up 555.0% YoY), while the FY2025 annual figure was 20.26%, down 127.0% from the prior year.
- FCF Margin rose to 29.03% in Q2 2026 per SPSC's latest filing, from 25.24% in the prior quarter.
- Across five years, FCF Margin topped out at 29.69% in Q3 2022 and bottomed at 0.01% in Q1 2022.
- Historically, FCF Margin has averaged 20.81% across 5 years, with a median of 20.25% in 2024.
- Annual changes were most pronounced in 2022 — FCF Margin slumped 2037 bps — and 2026, when it jumped 1534 bps.
- Sps Commerce's FCF Margin stood at 14.41% in 2022, then jumped by 36 bps to 19.65% in 2023, then grew by 2 bps to 20.1% in 2024, then decreased by 1 bps to 19.84% in 2025, then jumped by 46 bps to 29.03% in 2026.
- Business Quant data shows SPSC's FCF Margin at 29.03% in Q2 2026, 25.24% in Q1 2026, and 19.84% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 36.13% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 18.25% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 58.89% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 19.67% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 11.86% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 16.73% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 24.76% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 31.84% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 61.18% |
| 10 | Sps Commerce | 2.87 Bn | 2.70 Bn | 138.79 Mn | 29.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 29.03% |
| 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% |