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| 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 |
| 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 |