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| 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% |