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
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