Sps Commerce (SPSC) Tax Rate (2010 - 2026)

Sps Commerce's (SPSC) quarterly Tax Rate came in at 24.01% in Q1 2026, up 283.0% year-on-year from 6.27% in Q1 2025, and down 14.77% on a QoQ basis 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.

  • On a quarterly basis, Tax Rate rose 283.0% year-over-year to 24.01% in Q1 2026; TTM through Mar 2026 was 25.29%, a 24.0% decrease from a year earlier, with the FY2025 full-year figure at 24.63%, up 209.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 24.01%, down from 28.18% in the prior quarter.
  • Over the last five years, Tax Rate for SPSC reached as high as 33.76% in Q2 2024 and fell as low as 2.87% in Q1 2024.
  • Historically, Tax Rate has averaged 22.85% across 5 years, with a median of 24.01% in 2026.
  • Across the five-year window, Tax Rate plunged 1222 bps in 2024 and surged 1832 bps in 2025, its largest moves.
  • Year by year, Tax Rate stood at 23.36% in 2022, then advanced by 19 bps to 27.83% in 2023, then advanced by 0 bps to 27.95% in 2024, then climbed by 1 bps to 28.18% in 2025, then declined by 15 bps to 24.01% in 2026.
  • Per Business Quant data, the three most recent Tax Rate figures were 24.01% in Q1 2026, 28.18% in Q4 2025, and 21.21% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -29.13%
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -18.42%
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 8.36%
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 39.11%
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 22.57%
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 31.96%
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 23.68%
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 0.37%
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 21.59%
10 Sps Commerce 2.37 Bn 2.22 Bn 132.90 Mn 24.01%

Historic Data

Download Data
DateValue
Mar 31, 2026 24.01%
Mar 31, 2026 24.01%
Mar 31, 2026 24.01%
Dec 31, 2025 28.18%
Dec 31, 2025 28.18%
Dec 31, 2025 28.18%
Sep 30, 2025 21.21%
Sep 30, 2025 21.21%
Sep 30, 2025 21.21%
Jun 30, 2025 27.57%
Jun 30, 2025 27.57%
Jun 30, 2025 27.57%
Mar 31, 2025 21.19%
Mar 31, 2025 21.19%
Mar 31, 2025 21.19%
Dec 31, 2024 27.95%
Dec 31, 2024 27.95%
Dec 31, 2024 27.95%
Sep 30, 2024 20.07%
Sep 30, 2024 20.07%