Sps Commerce (SPSC) Gross Margin (2010 - 2026)
Sps Commerce's Gross Margin was 70.16% in Q2 2026, up 2.08 percentage points from 68.08% a year earlier and up 0.98 percentage points from the prior quarter.
Powered by 
Analysis
Sps Commerce (SPSC) Gross Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Sps Commerce's Gross Margin was 69.82% through Jun 30, 2026, up 1.65 percentage points year-over-year; for FY2025, it came in at 69.18%, up 2.22 percentage points from FY2024.
- Gross Margin has now increased for four consecutive years, with a five-year change of +1.11 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 66.96% in FY2024 (+0.87 pp), 66.09% in FY2023 (+0.04 pp), 66.05% in FY2022 (+0.23 pp) and 65.82% in FY2021 (-2.24 pp).
- Quarterly Gross Margin has moved between 64.92% (Q3 2021) and 70.44% (Q4 2025) over five years.
- Compared with a year earlier, Gross Margin has increased for nine straight quarters, with an average year-over-year change of +1.87 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q1 2025 (a gain of 3.07 percentage points); the worst was Q3 2021 (a drop of 3.60 percentage points).
- Per Business Quant data, SPSC's Gross Margin in the three quarters before Q2 2026 was 69.18% (Q1 2026), 70.44% (Q4 2025) and 69.49% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 75.00% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 77.21% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 27.04% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 81.74% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 69.43% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 72.62% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 56.53% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 78.70% |
| 10 | Sps Commerce | 2.93 Bn | 2.32 Bn | 138.79 Mn | 70.16% |
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% |
API Access
Sps Commerce Gross 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=gross-margin&ticker=SPSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=SPSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();