Growth Metrics

Sps Commerce (SPSC) Gross Margin (2016 - 2026)

Sps Commerce (SPSC) has disclosed Gross Margin for 17 consecutive years, with 69.18% as the latest value for Q1 2026.

  • For Q1 2026, Gross Margin rose 53.0% year-over-year to 69.18%; the TTM value through Mar 2026 reached 69.3%, up 158.0%, while the annual FY2025 figure was 69.18%, 222.0% up from the prior year.
  • Gross Margin hit 69.18% in Q1 2026 for Sps Commerce, down from 70.44% in the prior quarter.
  • Across five years, Gross Margin topped out at 70.44% in Q4 2025 and bottomed at 65.58% in Q1 2024.
  • Average Gross Margin over 5 years is 67.18%, with a median of 66.36% recorded in 2022.
  • Year-over-year, Gross Margin tumbled -81bps in 2022 and then soared 307bps in 2025.
  • Sps Commerce's Gross Margin stood at 65.96% in 2022, then grew by 0bps to 66.17% in 2023, then rose by 2bps to 67.48% in 2024, then increased by 4bps to 70.44% in 2025, then fell by -2bps to 69.18% in 2026.
  • According to Business Quant data, Gross Margin over the past three periods came in at 69.18%, 70.44%, and 69.49% for Q1 2026, Q4 2025, and Q3 2025 respectively.