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| Date | Value |
|---|---|
| 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 |