Sps Commerce (SPSC) Operating Leases (2019 - 2026)

Sps Commerce's (SPSC) quarterly Operating Leases came in at $6.6 million in Q1 2026, down 46.03% year-on-year from $12.3 million in Q1 2025, and up 133.11% on a QoQ basis 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 $6.6 million in Q1 2026.

  • On a quarterly basis, Operating Leases fell 46.03% year-over-year to $6.6 million in Q1 2026; TTM through Mar 2026 was $6.6 million, a 46.03% decrease from a year earlier, with the FY2025 full-year figure at $2.8 million, down 63.99% from the prior year.
  • Operating Leases for Q1 2026 stood at $6.6 million, up from $2.8 million in the prior quarter.
  • Over the last five years, Operating Leases for SPSC reached as high as $18.6 million in Q2 2022 and fell as low as $2.8 million in Q4 2025.
  • Historically, Operating Leases has averaged $11.5 million across 5 years, with a median of $12.3 million in 2025.
  • Across the five-year window, Operating Leases gained 9.66% in 2022 and sank 63.99% in 2025, its largest moves.
  • Year by year, Operating Leases stood at $13.0 million in 2022, then declined by 26.44% to $9.6 million in 2023, then declined by 17.6% to $7.9 million in 2024, then plunged by 63.99% to $2.8 million in 2025, then soared by 133.11% to $6.6 million in 2026.
  • Per Business Quant data, the three most recent Operating Leases figures were $6.6 million in Q1 2026, $2.8 million in Q4 2025, and $9.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn -
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn
10 Sps Commerce 2.37 Bn 2.22 Bn 132.90 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 6.62 Mn
Dec 31, 2025 2.84 Mn
Sep 30, 2025 9.64 Mn
Jun 30, 2025 5.05 Mn
Mar 31, 2025 12.26 Mn
Dec 31, 2024 7.89 Mn
Sep 30, 2024 8.81 Mn
Jun 30, 2024 12.35 Mn
Mar 31, 2024 12.90 Mn
Dec 31, 2023 9.57 Mn
Sep 30, 2023 15.01 Mn
Jun 30, 2023 15.13 Mn
Mar 31, 2023 11.99 Mn
Dec 31, 2022 13.01 Mn
Sep 30, 2022 18.31 Mn
Jun 30, 2022 18.58 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