Sps Commerce (SPSC) Tax Rate (2010 - 2026)
Sps Commerce (SPSC) reported Tax Rate of 24.01% for Q1 2026, up 283.0% year-over-year from 6.27% in Q1 2025, and down 14.77% quarter-over-quarter from 28.18% in Q4 2025.
Sps Commerce (SPSC) Tax Rate (2010 - 2026) Analysis & Trends
Sps Commerce (SPSC) has 17 years of Tax Rate data on file, last reported at 24.01% in Q1 2026.
- Tax Rate for Q1 2026 came in at 24.01%, up 283.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 25.29% (down 24.0% YoY), and the FY2025 annual result was 24.63%, up 209.0% from the prior year.
- Tax Rate declined to 24.01% in Q1 2026 per SPSC's latest filing, from 28.18% in the prior quarter.
- Over five years, Tax Rate peaked at 33.76% in Q2 2024 and troughed at 2.87% in Q1 2024.
- A 5-year average of 22.85% and a median of 24.01% in 2026 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2024 and 2025: Tax Rate slumped 1222 bps in 2024, then jumped 1832 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 23.36% in 2022, then increased by 19 bps to 27.83% in 2023, then increased by 0 bps to 27.95% in 2024, then rose by 1 bps to 28.18% in 2025, then decreased by 15 bps to 24.01% in 2026.
- Business Quant data shows SPSC's Tax Rate at 24.01% in Q1 2026, 28.18% in Q4 2025, and 21.21% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | - |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -18.42% |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 39.11% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 8.36% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 22.74% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 21.59% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 30.31% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 23.68% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 23.50% |
| 10 | Sps Commerce | 2.05 Bn | 1.90 Bn | 132.90 Mn | 24.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.01% |
| Mar 31, 2026 | 24.01% |
| Dec 31, 2025 | 28.18% |
| Dec 31, 2025 | 28.18% |
| Sep 30, 2025 | 21.21% |
| Sep 30, 2025 | 21.21% |
| Jun 30, 2025 | 27.57% |
| Jun 30, 2025 | 27.57% |
| Mar 31, 2025 | 21.19% |
| Mar 31, 2025 | 21.19% |
| Dec 31, 2024 | 27.95% |
| Dec 31, 2024 | 27.95% |
| Sep 30, 2024 | 20.07% |
| Sep 30, 2024 | 20.07% |
| Jun 30, 2024 | 33.76% |
| Jun 30, 2024 | 33.76% |
| Mar 31, 2024 | 2.87% |
| Mar 31, 2024 | 2.87% |
| Dec 31, 2023 | 27.83% |
| Dec 31, 2023 | 27.83% |