Sps Commerce (SPSC) Operating Leases (2019 - 2026)
Sps Commerce (SPSC) reported Operating Leases of $4.7 million for Q1 2026, down 22.96% year-over-year from $6.1 million in Q1 2025, and up 65.55% quarter-over-quarter from $2.8 million in Q4 2025.
Sps Commerce (SPSC) Operating Leases (2019 - 2026) Analysis & Trends
Sps Commerce (SPSC) has 8 years of Operating Leases data on file, last reported at $4.7 million in Q1 2026.
- Operating Leases for Q1 2026 came in at $4.7 million, down 22.96% year-over-year; the trailing twelve-month figure through Mar 2026 was $4.7 million (down 22.96% YoY), and the FY2025 annual result was $2.8 million, down 63.99% from the prior year.
- Operating Leases grew to $4.7 million in Q1 2026 per SPSC's latest filing, from $2.8 million in the prior quarter.
- Over five years, Operating Leases peaked at $18.3 million in Q3 2022 and troughed at $2.8 million in Q4 2025.
- A 5-year average of $10.1 million and a median of $9.6 million in 2023 frame the typical range for Operating Leases.
- The sharpest annual moves came in 2022 and 2025: Operating Leases climbed 9.66% in 2022, then tumbled 63.99% in 2025.
- A 5-year view of Operating Leases shows it stood at $13.0 million in 2022, then decreased by 26.44% to $9.6 million in 2023, then decreased by 17.6% to $7.9 million in 2024, then tumbled by 63.99% to $2.8 million in 2025, then surged by 65.55% to $4.7 million in 2026.
- Business Quant data shows SPSC's Operating Leases at $4.7 million in Q1 2026, $2.8 million in Q4 2025, and $4.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn |
| 10 | Sps Commerce | 2.05 Bn | 1.90 Bn | 132.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 12.35 Mn |
| Mar 31, 2024 | 8.43 Mn |
| Dec 31, 2023 | 9.57 Mn |
| Sep 30, 2023 | 10.56 Mn |
| Jun 30, 2023 | 15.13 Mn |
| Mar 31, 2023 | 16.12 Mn |
| Dec 31, 2022 | 13.01 Mn |
| Sep 30, 2022 | 18.31 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 |
| Jun 30, 2021 | 17.73 Mn |