Sps Commerce (SPSC) Interest Coverage Ratio (2010 - 2026)
Sps Commerce (SPSC) posted quarterly Interest Coverage Ratio of 0.35 for Q2 2026, down 60.5% year-over-year from 0.9 in Q2 2025, and down 61.12% quarter-over-quarter from 0.91 in Q1 2026.
Sps Commerce (SPSC) Interest Coverage Ratio (2010 - 2026) Analysis & Trends
Sps Commerce (SPSC) has reported Interest Coverage Ratio for 17 consecutive years, with 0.35 the latest figure, recorded in Q2 2026.
- In Q2 2026, Interest Coverage Ratio fell 60.5% year-over-year to 0.35; the TTM figure through Jun 2026 stood at 4.17 (up 19.59% YoY), while the FY2025 annual figure was 2.39, down 37.15% from the prior year.
- Interest Coverage Ratio slipped to 0.35 in Q2 2026 per SPSC's latest filing, from 0.91 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 20.0 in Q4 2025 and bottomed at 0.35 in Q2 2026.
- Historically, Interest Coverage Ratio has averaged 4.75 across 5 years, with a median of 1.0 in 2022.
- Annual changes were most pronounced in 2022 — Interest Coverage Ratio jumped 66.85% — and 2026, when it tumbled 60.5%.
- Sps Commerce's Interest Coverage Ratio stood at 15.33 in 2022, then climbed by 25.73% to 19.28 in 2023, then retreated by 8.85% to 17.57 in 2024, then increased by 13.83% to 20.0 in 2025, then slumped by 98.23% to 0.35 in 2026.
- Business Quant data shows SPSC's Interest Coverage Ratio at 0.35 in Q2 2026, 0.91 in Q1 2026, and 20.0 in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -8.75 |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.32 |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 0.80 |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 14.88 |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 0.15 |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -6.14 |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | -13.95 |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 15.65 |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.58 |
| 10 | Sps Commerce | 2.87 Bn | 2.70 Bn | 138.79 Mn | 0.35 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.35 |
| Mar 31, 2026 | 0.91 |
| Dec 31, 2025 | 20.00 |
| Sep 30, 2025 | 1.07 |
| Jun 30, 2025 | 0.90 |
| Mar 31, 2025 | 0.86 |
| Dec 31, 2024 | 17.57 |
| Sep 30, 2024 | 0.98 |
| Jun 30, 2024 | 1.37 |
| Mar 31, 2024 | 1.01 |
| Dec 31, 2023 | 19.28 |
| Sep 30, 2023 | 1.26 |
| Jun 30, 2023 | 1.41 |
| Mar 31, 2023 | 1.34 |
| Dec 31, 2022 | 15.33 |
| Sep 30, 2022 | 0.99 |
| Jun 30, 2022 | 0.78 |
| Mar 31, 2022 | 2.23 |
| Dec 31, 2021 | 12.11 |
| Sep 30, 2021 | 1.84 |