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| 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 |