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

Sps Commerce's (SPSC) quarterly FCF Margin came in at 25.24% in Q1 2026, up 660.0% year-on-year from 3.32% in Q1 2025, and up 27.22% on a QoQ basis 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.

  • On a quarterly basis, FCF Margin rose 660.0% year-over-year to 25.24% in Q1 2026; TTM through Mar 2026 was 21.9%, a 90.0% increase from a year earlier, with the FY2025 full-year figure at 20.26%, down 127.0% from the prior year.
  • FCF Margin for Q1 2026 stood at 25.24%, up from 19.84% in the prior quarter.
  • Over the last five years, FCF Margin for SPSC reached as high as 29.69% in Q3 2022 and fell as low as 0.01% in Q1 2022.
  • Historically, FCF Margin has averaged 20.33% across 5 years, with a median of 20.1% in 2024.
  • Across the five-year window, FCF Margin plunged 2037 bps in 2022 and jumped 1301 bps in 2023, its largest moves.
  • Year by year, FCF Margin stood at 14.41% in 2022, then soared by 36 bps to 19.65% in 2023, then rose by 2 bps to 20.1% in 2024, then dropped by 1 bps to 19.84% in 2025, then increased by 27 bps to 25.24% in 2026.
  • Per Business Quant data, the three most recent FCF Margin figures were 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 208.91 Bn 189.27 Bn 8.16 Bn 39.26%
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 15.02%
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 17.31%
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 58.89%
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 11.86%
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 36.83%
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 16.73%
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 20.82%
10 Sps Commerce 2.37 Bn 2.22 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%