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% quarter-over-quarter 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.

  • Operating Expenses for Q1 2026 came in at $108.3 million, up 9.8% year-over-year; the trailing twelve-month figure through Mar 2026 was $411.2 million (up 16.12% YoY), and the FY2025 annual result was $401.6 million, up 18.75% from the prior year.
  • Operating Expenses rose to $108.3 million in Q1 2026 per SPSC's latest filing, from $101.0 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $108.3 million in Q1 2026 and troughed at $53.3 million in Q1 2022.
  • A 5-year average of $79.5 million and a median of $78.4 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2025 and 2026: Operating Expenses advanced 28.94% in 2025, then advanced 9.8% in 2026.
  • A 5-year view of Operating Expenses shows it stood at $61.5 million in 2022, then increased by 18.84% to $73.0 million in 2023, then advanced by 24.01% to $90.6 million in 2024, then increased by 11.52% to $101.0 million in 2025, then gained by 7.26% to $108.3 million in 2026.
  • Business Quant data shows SPSC's Operating Expenses at $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 238.14 Bn 220.17 Bn 8.16 Bn -7.98 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn - -269.42 Mn
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 11.28 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 1.16 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 6.22 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 1.04 Bn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 2.33 Bn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 4.23 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 3.67 Bn
10 Sps Commerce 2.05 Bn 1.90 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