Growth Metrics

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% on a QoQ basis from $2.8 million in Q4 2025.

Sps Commerce (SPSC) has 8 years of Operating Leases data on file, last reported at $4.7 million in Q1 2026.

  • Quarterly Operating Leases fell 22.96% year-over-year to $4.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.7 million (down 22.96% YoY) and the FY2025 annual result came in at $2.8 million, down 63.99% from the prior year.
  • Operating Leases advanced to $4.7 million in Q1 2026 per SPSC's latest filing, from $2.8 million in the prior quarter.
  • Across five years, Operating Leases topped out at $18.3 million in Q3 2022 and bottomed at $2.8 million in Q4 2025.
  • The 5-year median for Operating Leases is $9.6 million (2023), against an average of $10.1 million.
  • The widest annual swing landed in 2022, when Operating Leases gained 9.66%; it then sank 63.99% in 2025.
  • Tracing SPSC's Operating Leases over 5 years: stood at $13.0 million in 2022, then fell by 26.44% to $9.6 million in 2023, then fell by 17.6% to $7.9 million in 2024, then sank by 63.99% to $2.8 million in 2025, then soared by 65.55% to $4.7 million in 2026.
  • Per Business Quant, the three latest SPSC Operating Leases figures stand at $4.7 million (Q1 2026), $2.8 million (Q4 2025), and $4.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Sap Se 253.17 Bn 235.20 Bn 8.16 Bn
2 Salesforce 171.07 Bn 161.50 Bn 8.69 Bn
3 Uber Technologies 151.10 Bn 150.06 Bn 11.88 Bn
4 Shopify 134.25 Bn 128.50 Bn 1.55 Bn
5 ServiceNow 105.72 Bn 100.54 Bn 2.83 Bn
6 Cadence Design Systems 101.64 Bn 100.23 Bn 1.26 Bn
7 Adobe 100.35 Bn 93.46 Bn 5.73 Bn
8 Automatic Data Processing 90.91 Bn 87.68 Bn 2.87 Bn
9 Intuit 88.30 Bn 81.52 Bn 6.77 Bn
10 Sps Commerce 2.00 Bn 1.84 Bn 132.90 Mn

Historic Data

Download Data 🔒
DateValue
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
Mar 31, 2021 18.74 Mn
Dec 31, 2020 19.67 Mn
Sep 30, 2020 16.73 Mn
Mar 31, 2020 18.96 Mn
Dec 31, 2019 20.09 Mn
Sep 30, 2019 16.22 Mn
Jun 30, 2019 16.89 Mn
Mar 31, 2019 17.72 Mn