Sps Commerce (SPSC) Net Margin (2010 - 2026)
Sps Commerce (SPSC) posted Net Margin of 3.47% for Q2 2026, down 7.06 percentage points from 10.53% a year earlier and down 6.80 percentage points from the prior quarter.
Powered by 
Analysis
Sps Commerce (SPSC) Net Margin (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Sps Commerce was 10.10%, down 1.69 percentage points year-over-year; for FY2025, it came in at 12.42%, up 0.34 percentage points from FY2024.
- Annual Net Margin shows a five-year change of -2.16 percentage points (FY2020 to FY2025).
- In prior years, Sps Commerce's Net Margin was 12.08% in FY2024 (-0.18 pp), 12.26% in FY2023 (+0.03 pp), 12.23% in FY2022 (+0.65 pp) and 11.58% in FY2021 (-3.01 pp).
- The Q2 2026 figure stands as the lowest quarterly Net Margin since Q4 2017.
- On a year-over-year basis, Net Margin increased in three of the last eight quarters, with an average year-over-year change of -1.09 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q4 2025, with a gain of 3.14 percentage points; the weakest was Q2 2026, with a drop of 7.06 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 10.27% (Q1 2026), 13.41% (Q4 2025) and 13.46% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 29.47% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 3.19% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 8.07% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 19.80% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | -48.53% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 11.11% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 16.91% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 5.95% |
| 10 | Sps Commerce | 2.93 Bn | 2.32 Bn | 138.79 Mn | 3.47% |
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% |
API Access
Sps Commerce Net 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=net-margin&ticker=SPSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=SPSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();