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| Date | Value |
|---|---|
| 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% |