Sps Commerce (SPSC) Research & Development (2010 - 2026)
Sps Commerce (SPSC) posted quarterly Research & Development of $43.9 million for Q2 2026, up 1.16% year-over-year from $43.4 million in Q2 2025, and down 1.78% quarter-over-quarter from $44.7 million in Q1 2026.
Sps Commerce (SPSC) Research & Development (2010 - 2026) Analysis & Trends
Sps Commerce (SPSC) has reported Research & Development for 17 consecutive years, with $43.9 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Research & Development rose 1.16% year-over-year to $43.9 million; the TTM figure through Jun 2026 stood at $172.7 million (up 6.71% YoY), while the FY2025 annual figure was $169.1 million, up 13.57% from the prior year.
- Research & Development declined to $43.9 million in Q2 2026 per SPSC's latest filing, from $44.7 million in the prior quarter.
- Across five years, Research & Development topped out at $44.7 million in Q1 2026 and bottomed at $24.6 million in Q2 2022.
- Historically, Research & Development has averaged $35.1 million across 5 years, with a median of $36.1 million in 2024.
- Annual changes were most pronounced in 2024 — Research & Development grew 25.27% — and 2026, when it gained 1.16%.
- Sps Commerce's Research & Development stood at $27.2 million in 2022, then advanced by 22.11% to $33.2 million in 2023, then increased by 18.08% to $39.2 million in 2024, then advanced by 6.43% to $41.7 million in 2025, then advanced by 5.26% to $43.9 million in 2026.
- Business Quant data shows SPSC's Research & Development at $43.9 million in Q2 2026, $44.7 million in Q1 2026, and $41.7 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | Sps Commerce | 2.87 Bn | 2.70 Bn | 138.79 Mn | 43.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 43.94 Mn |
| Mar 31, 2026 | 44.73 Mn |
| Dec 31, 2025 | -58.71 Mn |
| Sep 30, 2025 | 17.28 Mn |
| Jun 30, 2025 | 17.27 Mn |
| Mar 31, 2025 | 41.63 Mn |
| Dec 31, 2024 | 39.22 Mn |
| Sep 30, 2024 | 37.58 Mn |
| Jun 30, 2024 | 35.69 Mn |
| Mar 31, 2024 | 36.43 Mn |
| Dec 31, 2023 | 33.21 Mn |
| Sep 30, 2023 | 13.56 Mn |
| Jun 30, 2023 | 13.32 Mn |
| Mar 31, 2023 | 29.08 Mn |
| Dec 31, 2022 | 27.20 Mn |
| Sep 30, 2022 | 25.33 Mn |
| Jun 30, 2022 | 24.58 Mn |
| Mar 31, 2022 | 10.70 Mn |
| Dec 31, 2021 | 59.59 Mn |
| Sep 30, 2021 | 22.08 Mn |