Sps Commerce (SPSC) FCF Margin (2010 - 2026)
Sps Commerce (SPSC) recorded FCF Margin of 29.03% in Q2 2026, up 15.34 percentage points from 13.69% a year earlier and up 3.79 percentage points from the prior quarter.
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Analysis
Sps Commerce (SPSC) FCF Margin (2010 - 2026) Analysis & Trends
On a TTM basis, Sps Commerce's FCF Margin came in at 25.72% as of Jun 30, 2026, up 5.55 percentage points year-over-year; for FY2025, it came in at 20.26%, down 1.27 percentage points from FY2024.
- Annual FCF Margin has a five-year change of -2.80 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at 21.54% in FY2024 (+0.58 pp), 20.96% in FY2023 (+3.18 pp), 17.78% in FY2022 (-6.44 pp) and 24.22% in FY2021 (+1.16 pp).
- The Q2 2026 figure is the highest quarterly FCF Margin since Q3 2024.
- On a year-over-year basis, FCF Margin rose in four of the last eight quarters, with an average year-over-year change of +2.35 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 15.34 percentage points in Q2 2026, against a drop of 20.37 percentage points in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 25.24% (Q1 2026), 19.84% (Q4 2025) and 28.73% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 25.72% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 12.73% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 6.81% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 41.55% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 23.99% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 27.26% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 30.11% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 8.32% |
| 10 | Sps Commerce | 2.93 Bn | 2.32 Bn | 138.79 Mn | 29.03% |
Historic Data
Download Data
Historic 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% |
API Access
Sps Commerce FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=SPSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "SPSC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=SPSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();