Growth Metrics

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 🔒
DateValue
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