Sps Commerce (SPSC) Operating Leases (2019 - 2026)
Sps Commerce (SPSC) posted Operating Leases of $4.77 million for Q2 2026, down 5.6% from $5.05 million a year earlier but up 1.4% from the prior quarter.
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Analysis
Sps Commerce (SPSC) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Sps Commerce's Operating Leases came in at $2.84 million, down 64.0% from FY2024.
- Annual Operating Leases has declined for six consecutive years, with a five-year compound annual growth rate of -32.1% (FY2020 to FY2025).
- In prior years, Sps Commerce's Operating Leases was $7.89 million in FY2024 (-17.6%), $9.57 million in FY2023 (-26.4%), $13.01 million in FY2022 (-20.8%) and $16.43 million in FY2021 (-16.5%).
- Quarterly Operating Leases has run from a low of $2.84 million in Q4 2025 to a high of $16.7 million in Q3 2021 over five years.
- On a year-over-year basis, Operating Leases has declined in each of the last 20 quarters, with an average decline of 30.4% over the last eight quarters.
- Over the past five years, the year-over-year decline in Operating Leases ranged from 0.2% (Q3 2021) to 64.0% (Q4 2025).
- According to Business Quant data, Operating Leases for the three prior quarters was $4.7 million (Q1 2026), $2.84 million (Q4 2025) and $4.02 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn |
| 10 | Sps Commerce | 2.93 Bn | 2.32 Bn | 138.79 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.77 Mn |
| Mar 31, 2026 | 4.70 Mn |
| Dec 31, 2025 | 2.84 Mn |
| Sep 30, 2025 | 4.02 Mn |
| Jun 30, 2025 | 5.05 Mn |
| Mar 31, 2025 | 6.10 Mn |
| Dec 31, 2024 | 7.89 Mn |
| Sep 30, 2024 | 8.81 Mn |
| Jun 30, 2024 | 7.75 Mn |
| Mar 31, 2024 | 8.43 Mn |
| Dec 31, 2023 | 9.57 Mn |
| Sep 30, 2023 | 10.56 Mn |
| Jun 30, 2023 | 11.06 Mn |
| Mar 31, 2023 | 11.99 Mn |
| Dec 31, 2022 | 13.01 Mn |
| Sep 30, 2022 | 13.97 Mn |
| Jun 30, 2022 | 14.24 Mn |
| Mar 31, 2022 | 15.34 Mn |
| Dec 31, 2021 | 16.43 Mn |
| Sep 30, 2021 | 16.70 Mn |
API Access
Sps Commerce Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=SPSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "SPSC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=SPSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();