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
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