Sps Commerce (SPSC) Gross Margin (2010 - 2026)
Sps Commerce's (SPSC) quarterly Gross Margin came in at 70.16% in Q2 2026, up 208.0% year-over-year from 22.78% in Q2 2025, and up 1.42% quarter-over-quarter from 69.18% in Q1 2026.
Analysis
Sps Commerce (SPSC) Gross Margin (2010 - 2026) Analysis & Trends
Sps Commerce (SPSC) has reported Gross Margin for 17 consecutive years, with 70.16% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Margin rose 208.0% year-over-year to 70.16% in Q2 2026; TTM through Jun 2026 was 69.82%, a 165.0% increase from a year earlier, with the FY2025 full-year figure at 69.18%, up 222.0% from the prior year.
- Gross Margin was 70.16% for Q2 2026 at Sps Commerce, up from 69.18% in the prior quarter.
- Over five years, Gross Margin peaked at 70.44% in Q4 2025 and troughed at 65.58% in Q1 2024.
- A 5-year average of 67.34% and a median of 66.4% in 2022 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin sank 81 bps in 2022 and soared 307 bps in 2025, its largest moves.
- Over 5 years, Gross Margin stood at 65.96% in 2022, then rose by 0 bps to 66.17% in 2023, then advanced by 2 bps to 67.48% in 2024, then gained by 4 bps to 70.44% in 2025, then dropped by 0 bps to 70.16% in 2026.
- The last three Gross Margin figures came in at 70.16% (Q2 2026), 69.18% (Q1 2026), and 70.44% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Samsara | 23.42 Bn | 22.61 Bn | 361.14 Mn | 75.42% |
| 2 | Manhattan Associates | 12.46 Bn | 12.28 Bn | 168.33 Mn | 56.53% |
| 3 | Descartes Systems | 6.79 Bn | 6.41 Bn | 150.18 Mn | 77.56% |
| 4 | Sps Commerce | 3.00 Bn | 2.83 Bn | 138.79 Mn | 70.16% |
| 5 | Via Transportation | 2.29 Bn | 1.96 Bn | 55.61 Mn | 40.98% |
| 6 | Karooooo | 2.02 Bn | 1.93 Bn | 54.38 Mn | 71.25% |
| 7 | Ituran Location & Control | 1.02 Bn | 928.36 Mn | 53.35 Mn | 50.91% |
| 8 | Verra Mobility | 618.57 Mn | 563.77 Mn | 249.38 Mn | 94.61% |
| 9 | Powerfleet | 405.36 Mn | 378.73 Mn | 61.16 Mn | 55.20% |
| 10 | ReposiTrak | 144.96 Mn | 116.26 Mn | 5.00 Mn | 85.42% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 70.16% |
| Mar 31, 2026 | 69.18% |
| Dec 31, 2025 | 70.44% |
| Sep 30, 2025 | 69.49% |
| Jun 30, 2025 | 68.08% |
| Mar 31, 2025 | 68.65% |
| Dec 31, 2024 | 67.48% |
| Sep 30, 2024 | 68.46% |
| Jun 30, 2024 | 66.13% |
| Mar 31, 2024 | 65.58% |
| Dec 31, 2023 | 66.17% |
| Sep 30, 2023 | 66.45% |
| Jun 30, 2023 | 65.84% |
| Mar 31, 2023 | 65.87% |
| Dec 31, 2022 | 65.96% |
| Sep 30, 2022 | 66.28% |
| Jun 30, 2022 | 65.62% |
| Mar 31, 2022 | 66.36% |
| Dec 31, 2021 | 65.32% |
| Sep 30, 2021 | 64.92% |