Sps Commerce (SPSC) Operating Expenses (2010 - 2026)
Sps Commerce (SPSC) reported Operating Expenses of $108.3 million for Q1 2026, up 9.8% year-over-year from $98.7 million in Q1 2025, and up 7.26% on a QoQ basis from $101.0 million in Q4 2025.
Sps Commerce (SPSC) has 17 years of Operating Expenses data on file, last reported at $108.3 million in Q1 2026.
- Quarterly Operating Expenses rose 9.8% year-over-year to $108.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $411.2 million (up 16.12% YoY) and the FY2025 annual result came in at $401.6 million, up 18.75% from the prior year.
- Operating Expenses grew to $108.3 million in Q1 2026 per SPSC's latest filing, from $101.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $108.3 million in Q1 2026 and bottomed at $53.3 million in Q1 2022.
- The 5-year median for Operating Expenses is $78.4 million (2024), against an average of $79.5 million.
- The widest annual swing landed in 2025, when Operating Expenses rose 28.94%; it then rose 9.8% in 2026.
- Tracing SPSC's Operating Expenses over 5 years: stood at $61.5 million in 2022, then climbed by 18.84% to $73.0 million in 2023, then rose by 24.01% to $90.6 million in 2024, then climbed by 11.52% to $101.0 million in 2025, then increased by 7.26% to $108.3 million in 2026.
- Per Business Quant, the three latest SPSC Operating Expenses figures stand at $108.3 million (Q1 2026), $101.0 million (Q4 2025), and $100.8 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 6.82 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 11.28 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 1.16 Bn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 2.33 Bn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 1.04 Bn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 3.32 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 4.23 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 4.54 Bn |
| 10 | Sps Commerce | 2.00 Bn | 1.84 Bn | 132.90 Mn | 108.35 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 108.35 Mn |
| Dec 31, 2025 | 101.01 Mn |
| Sep 30, 2025 | 100.78 Mn |
| Jun 30, 2025 | 101.10 Mn |
| Mar 31, 2025 | 98.68 Mn |
| Dec 31, 2024 | 90.58 Mn |
| Sep 30, 2024 | 86.49 Mn |
| Jun 30, 2024 | 78.41 Mn |
| Mar 31, 2024 | 82.69 Mn |
| Dec 31, 2023 | 73.04 Mn |
| Sep 30, 2023 | 69.54 Mn |
| Jun 30, 2023 | 68.84 Mn |
| Mar 31, 2023 | 66.17 Mn |
| Dec 31, 2022 | 61.46 Mn |
| Sep 30, 2022 | 56.19 Mn |
| Jun 30, 2022 | 55.68 Mn |
| Mar 31, 2022 | 53.29 Mn |
| Dec 31, 2021 | 51.75 Mn |
| Sep 30, 2021 | 50.02 Mn |
| Jun 30, 2021 | 49.28 Mn |
| Mar 31, 2021 | 47.46 Mn |
| Dec 31, 2020 | 42.83 Mn |
| Sep 30, 2020 | 40.56 Mn |
| Jun 30, 2020 | 40.14 Mn |
| Mar 31, 2020 | 39.11 Mn |
| Dec 31, 2019 | 38.06 Mn |
| Sep 30, 2019 | 36.73 Mn |
| Jun 30, 2019 | 35.50 Mn |
| Mar 31, 2019 | 38.19 Mn |
| Dec 31, 2018 | 35.80 Mn |
| Sep 30, 2018 | 34.20 Mn |
| Jun 30, 2018 | 34.72 Mn |
| Mar 31, 2018 | 35.03 Mn |
| Dec 31, 2017 | 38.31 Mn |
| Sep 30, 2017 | 34.06 Mn |
| Jun 30, 2017 | 32.95 Mn |
| Mar 31, 2017 | 31.17 Mn |
| Dec 31, 2016 | 32.08 Mn |
| Sep 30, 2016 | 30.44 Mn |
| Jun 30, 2016 | 30.50 Mn |
| Mar 31, 2016 | 29.40 Mn |
| Dec 31, 2015 | 26.10 Mn |
| Sep 30, 2015 | 25.39 Mn |
| Jun 30, 2015 | 25.48 Mn |
| Mar 31, 2015 | 24.48 Mn |
| Dec 31, 2014 | 22.85 Mn |
| Sep 30, 2014 | 21.18 Mn |
| Jun 30, 2014 | 20.46 Mn |
| Mar 31, 2014 | 19.09 Mn |
| Dec 31, 2013 | 18.73 Mn |
| Sep 30, 2013 | 18.39 Mn |
| Jun 30, 2013 | 17.23 Mn |
| Mar 31, 2013 | 16.49 Mn |
| Dec 31, 2012 | 15.46 Mn |
| Sep 30, 2012 | 14.18 Mn |
| Jun 30, 2012 | 12.23 Mn |
| Mar 31, 2012 | 11.63 Mn |
| Dec 31, 2011 | 11.24 Mn |
| Sep 30, 2011 | 11.18 Mn |
| Jun 30, 2011 | 10.23 Mn |
| Mar 31, 2011 | 8.82 Mn |
| Dec 31, 2010 | 8.14 Mn |
| Sep 30, 2010 | 7.41 Mn |
| Jun 30, 2010 | 7.16 Mn |