Growth Metrics

Sps Commerce (SPSC) Net Margin (2016 - 2025)

Sps Commerce (SPSC) has disclosed Net Margin for 16 consecutive years, with 13.41% as the latest value for Q4 2025.

  • Quarterly Net Margin rose 314.0% to 13.41% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 12.42% through Dec 2025, up 34.0% year-over-year, with the annual reading at 12.42% for FY2025, 34.0% up from the prior year.
  • Net Margin for Q4 2025 was 13.41% at Sps Commerce, roughly flat from 13.46% in the prior quarter.
  • The five-year high for Net Margin was 14.33% in Q3 2024, with the low at 9.85% in Q2 2022.
  • Average Net Margin over 5 years is 12.09%, with a median of 12.09% recorded in 2023.
  • The sharpest move saw Net Margin tumbled -404bps in 2021, then surged 314bps in 2025.
  • Over 5 years, Net Margin stood at 12.42% in 2021, then increased by 5bps to 13.04% in 2022, then increased by 1bps to 13.11% in 2023, then fell by -22bps to 10.27% in 2024, then surged by 31bps to 13.41% in 2025.
  • According to Business Quant data, Net Margin over the past three periods came in at 13.41%, 13.46%, and 10.53% for Q4 2025, Q3 2025, and Q2 2025 respectively.