Sps Commerce (SPSC) Operating Expenses (2010 - 2026)
Sps Commerce's (SPSC) quarterly Operating Expenses came in at $108.3 million in Q1 2026, up 9.8% year-on-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) Operating Expenses (2010 - 2026) Analysis & Trends
Sps Commerce (SPSC) has 17 years of Operating Expenses data on file, last reported at $108.3 million in Q1 2026.
- On a quarterly basis, Operating Expenses rose 9.8% year-over-year to $108.3 million in Q1 2026; TTM through Mar 2026 was $411.2 million, a 16.12% increase from a year earlier, with the FY2025 full-year figure at $401.6 million, up 18.75% from the prior year.
- Operating Expenses for Q1 2026 stood at $108.3 million, up from $101.0 million in the prior quarter.
- Over the last five years, Operating Expenses for SPSC reached as high as $108.3 million in Q1 2026 and fell as low as $53.3 million in Q1 2022.
- Historically, Operating Expenses has averaged $79.5 million across 5 years, with a median of $78.4 million in 2024.
- Across the five-year window, Operating Expenses rose 28.94% in 2025 and rose 9.8% in 2026, its largest moves.
- Year by year, Operating Expenses stood at $61.5 million in 2022, then advanced by 18.84% to $73.0 million in 2023, then increased by 24.01% to $90.6 million in 2024, then advanced by 11.52% to $101.0 million in 2025, then grew by 7.26% to $108.3 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $108.3 million in Q1 2026, $101.0 million in Q4 2025, and $100.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -269.42 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 1.16 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 11.28 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 6.22 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 2.66 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 4.23 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 1.25 Bn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 1.04 Bn |
| 10 | Sps Commerce | 2.37 Bn | 2.22 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 |