Sps Commerce (SPSC) Research & Development (2010 - 2026)
Sps Commerce (SPSC) reported Research & Development of $17.9 million for Q1 2026, up 2.74% year-over-year from $17.4 million in Q1 2025, and up 7.33% on a QoQ basis from $16.7 million in Q4 2025.
Sps Commerce (SPSC) has 17 years of Research & Development data on file, last reported at $17.9 million in Q1 2026.
- Quarterly Research & Development rose 2.74% year-over-year to $17.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $69.2 million (up 7.66% YoY) and the FY2025 annual result came in at $68.7 million, up 9.35% from the prior year.
- Research & Development improved to $17.9 million in Q1 2026 per SPSC's latest filing, from $16.7 million in the prior quarter.
- Across five years, Research & Development topped out at $17.9 million in Q1 2026 and bottomed at $10.7 million in Q1 2022.
- The 5-year median for Research & Development is $14.4 million (2024), against an average of $14.6 million.
- The widest annual swing landed in 2022, when Research & Development increased 28.46%; it then dropped 2.61% in 2025.
- Tracing SPSC's Research & Development over 5 years: stood at $12.5 million in 2022, then gained by 13.91% to $14.2 million in 2023, then grew by 20.58% to $17.1 million in 2024, then dropped by 2.61% to $16.7 million in 2025, then climbed by 7.33% to $17.9 million in 2026.
- Per Business Quant, the three latest SPSC Research & Development figures stand at $17.9 million (Q1 2026), $16.7 million (Q4 2025), and $17.3 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 1.62 Bn |
| 3 | Uber Technologies | 147.39 Bn | 146.35 Bn | 11.88 Bn | 951.00 Mn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 437.00 Mn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 823.00 Mn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 508.44 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 1.11 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 253.90 Mn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 840.00 Mn |
| 10 | Sps Commerce | 2.01 Bn | 1.85 Bn | 132.90 Mn | 17.92 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 17.92 Mn |
| Dec 31, 2025 | 16.69 Mn |
| Sep 30, 2025 | 17.28 Mn |
| Jun 30, 2025 | 17.27 Mn |
| Mar 31, 2025 | 17.44 Mn |
| Dec 31, 2024 | 17.14 Mn |
| Sep 30, 2024 | 15.29 Mn |
| Jun 30, 2024 | 14.37 Mn |
| Mar 31, 2024 | 16.01 Mn |
| Dec 31, 2023 | 14.22 Mn |
| Sep 30, 2023 | 13.56 Mn |
| Jun 30, 2023 | 13.32 Mn |
| Mar 31, 2023 | 12.56 Mn |
| Dec 31, 2022 | 12.48 Mn |
| Sep 30, 2022 | 11.14 Mn |
| Jun 30, 2022 | 11.43 Mn |
| Mar 31, 2022 | 10.70 Mn |
| Dec 31, 2021 | 10.58 Mn |
| Sep 30, 2021 | 10.85 Mn |
| Jun 30, 2021 | 8.90 Mn |
| Mar 31, 2021 | 8.71 Mn |
| Dec 31, 2020 | 7.94 Mn |
| Sep 30, 2020 | 8.05 Mn |
| Jun 30, 2020 | 7.47 Mn |
| Mar 31, 2020 | 7.57 Mn |
| Dec 31, 2019 | 7.86 Mn |
| Sep 30, 2019 | 7.74 Mn |
| Jun 30, 2019 | 6.51 Mn |
| Mar 31, 2019 | 6.19 Mn |
| Dec 31, 2018 | 6.52 Mn |
| Sep 30, 2018 | 5.15 Mn |
| Jun 30, 2018 | 5.29 Mn |
| Mar 31, 2018 | 5.13 Mn |
| Dec 31, 2017 | 6.16 Mn |
| Sep 30, 2017 | 6.55 Mn |
| Jun 30, 2017 | 5.37 Mn |
| Mar 31, 2017 | 5.11 Mn |
| Dec 31, 2016 | 5.80 Mn |
| Sep 30, 2016 | 5.57 Mn |
| Jun 30, 2016 | 5.54 Mn |
| Mar 31, 2016 | 5.07 Mn |
| Dec 31, 2015 | 4.90 Mn |
| Sep 30, 2015 | 4.49 Mn |
| Jun 30, 2015 | 4.50 Mn |
| Mar 31, 2015 | 4.07 Mn |
| Dec 31, 2014 | 3.82 Mn |
| Sep 30, 2014 | 3.34 Mn |
| Jun 30, 2014 | 3.37 Mn |
| Mar 31, 2014 | 2.97 Mn |
| Dec 31, 2013 | 2.90 Mn |
| Sep 30, 2013 | 2.81 Mn |
| Jun 30, 2013 | 2.66 Mn |
| Mar 31, 2013 | 2.50 Mn |
| Dec 31, 2012 | 2.52 Mn |
| Sep 30, 2012 | 2.09 Mn |
| Jun 30, 2012 | 1.83 Mn |
| Mar 31, 2012 | 1.73 Mn |
| Dec 31, 2011 | 1.58 Mn |
| Sep 30, 2011 | 1.61 Mn |
| Jun 30, 2011 | 1.41 Mn |
| Mar 31, 2011 | 1.24 Mn |
| Dec 31, 2010 | 1.13 Mn |
| Sep 30, 2010 | 1.11 Mn |
| Jun 30, 2010 | 1.07 Mn |