Sps Commerce (SPSC) Net Margin (2010 - 2026)
Sps Commerce's (SPSC) quarterly Net Margin came in at 3.47% in Q2 2026, down 706.0% year-over-year from 0.57% in Q2 2025, and down 66.21% quarter-over-quarter from 10.27% in Q1 2026.
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Sps Commerce (SPSC) Net Margin (2010 - 2026) Analysis & Trends
Sps Commerce (SPSC) has reported Net Margin for 17 consecutive years, with 3.47% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin fell 706.0% year-over-year to 3.47% in Q2 2026; TTM through Jun 2026 was 10.1%, a 169.0% decrease from a year earlier, with the FY2025 full-year figure at 12.42%, up 34.0% from the prior year.
- Net Margin was 3.47% for Q2 2026 at Sps Commerce, down from 10.27% in the prior quarter.
- Over five years, Net Margin peaked at 14.33% in Q3 2024 and troughed at 3.47% in Q2 2026.
- A 5-year average of 11.63% and a median of 12.09% in 2023 frame the typical range for Net Margin.
- Across the five-year window, Net Margin soared 314 bps in 2025 and slumped 706 bps in 2026, its largest moves.
- Over 5 years, Net Margin stood at 13.04% in 2022, then advanced by 1 bps to 13.11% in 2023, then fell by 22 bps to 10.27% in 2024, then surged by 31 bps to 13.41% in 2025, then slumped by 74 bps to 3.47% in 2026.
- The last three Net Margin figures came in at 3.47% (Q2 2026), 10.27% (Q1 2026), and 13.41% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Samsara | 23.42 Bn | 22.61 Bn | 361.14 Mn | 9.29% |
| 2 | Manhattan Associates | 12.46 Bn | 12.28 Bn | 168.33 Mn | 16.91% |
| 3 | Descartes Systems | 6.79 Bn | 6.41 Bn | 150.18 Mn | 33.72% |
| 4 | Sps Commerce | 3.00 Bn | 2.83 Bn | 138.79 Mn | 3.47% |
| 5 | Via Transportation | 2.29 Bn | 1.96 Bn | 55.61 Mn | -14.44% |
| 6 | Karooooo | 2.02 Bn | 1.93 Bn | 54.38 Mn | 20.55% |
| 7 | Ituran Location & Control | 1.02 Bn | 928.36 Mn | 53.35 Mn | 25.79% |
| 8 | Verra Mobility | 618.57 Mn | 563.77 Mn | 249.38 Mn | -18.28% |
| 9 | Powerfleet | 405.36 Mn | 378.73 Mn | 61.16 Mn | -7.62% |
| 10 | ReposiTrak | 144.96 Mn | 116.26 Mn | 5.00 Mn | 27.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.47% |
| Mar 31, 2026 | 10.27% |
| Dec 31, 2025 | 13.41% |
| Sep 30, 2025 | 13.46% |
| Jun 30, 2025 | 10.53% |
| Mar 31, 2025 | 12.23% |
| Dec 31, 2024 | 10.27% |
| Sep 30, 2024 | 14.33% |
| Jun 30, 2024 | 11.74% |
| Mar 31, 2024 | 12.04% |
| Dec 31, 2023 | 13.11% |
| Sep 30, 2023 | 12.41% |
| Jun 30, 2023 | 11.26% |
| Mar 31, 2023 | 12.15% |
| Dec 31, 2022 | 13.04% |
| Sep 30, 2022 | 13.86% |
| Jun 30, 2022 | 9.85% |
| Mar 31, 2022 | 11.98% |
| Dec 31, 2021 | 12.42% |
| Sep 30, 2021 | 11.70% |