Sps Commerce annual operating margin
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2025
Sps Commerce Operating Margin Growth & History (SPSC)
Sps Commerce's operating margin was 15.74% for fiscal 2025.
View full Sps Commerce company overviewSps Commerce annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 15.74% | +1.81 pp |
| 2024 | 2024-12-31 | 13.94% | −0.45 pp |
| 2023 | 2023-12-31 | 14.39% | −1.40 pp |
| 2022 | 2022-12-31 | 15.79% | +1.49 pp |
| 2021 | 2021-12-31 | 14.30% | −1.75 pp |
| 2020 | 2020-12-31 | 16.04% | +2.28 pp |
| 2019 | 2019-12-31 | 13.76% | +2.99 pp |
| 2018 | 2018-12-31 | 10.77% | +6.23 pp |
| 2017 | 2017-12-31 | 4.54% | +1.23 pp |
| 2016 | 2016-12-31 | 3.31% | −1.12 pp |
| 2015 | 2015-12-31 | 4.43% | +1.00 pp |
| 2014 | 2014-12-31 | 3.43% | +1.73 pp |
| 2013 | 2013-12-31 | 1.70% | −0.34 pp |
| 2012 | 2012-12-31 | 2.04% | +0.08 pp |
| 2011 | 2011-12-31 | 1.96% | −4.85 pp |
| 2010 | 2010-12-31 | 6.81% | +1.82 pp |
| 2009 | 2009-12-31 | 4.98% | — |
Sps Commerce quarterly operating margin
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 4.25% | −9.87 pp |
| Q1 2026 | 2026-03-31 | 12.78% | −1.51 pp |
| Q4 2025 | 2025-12-31 | 18.00% | +3.53 pp |
| Q3 2025 | 2025-09-30 | 16.42% | +0.80 pp |
| Q2 2025 | 2025-06-30 | 14.12% | −0.96 pp |
| Q1 2025 | 2025-03-31 | 14.30% | +4.00 pp |
| Q4 2024 | 2024-12-31 | 14.48% | −1.31 pp |
| Q3 2024 | 2024-09-30 | 15.62% | +0.44 pp |
| Q2 2024 | 2024-06-30 | 15.08% | +2.02 pp |
| Q1 2024 | 2024-03-31 | 10.30% | −2.99 pp |
| Q4 2023 | 2023-12-31 | 15.79% | +0.20 pp |
| Q3 2023 | 2023-09-30 | 15.18% | −2.01 pp |
| Q2 2023 | 2023-06-30 | 13.06% | −1.57 pp |
| Q1 2023 | 2023-03-31 | 13.29% | −2.40 pp |
| Q4 2022 | 2022-12-31 | 15.58% | +0.62 pp |
| Q3 2022 | 2022-09-30 | 17.20% | +3.39 pp |
| Q2 2022 | 2022-06-30 | 14.63% | +0.32 pp |
| Q1 2022 | 2022-03-31 | 15.69% | +1.64 pp |
| Q4 2021 | 2021-12-31 | 14.96% | −1.31 pp |
| Q3 2021 | 2021-09-30 | 13.81% | −3.73 pp |
| Q2 2021 | 2021-06-30 | 14.31% | −0.39 pp |
| Q1 2021 | 2021-03-31 | 14.05% | −1.49 pp |
| Q4 2020 | 2020-12-31 | 16.27% | +1.47 pp |
| Q3 2020 | 2020-09-30 | 17.54% | +2.13 pp |
| Q2 2020 | 2020-06-30 | 14.70% | +1.09 pp |
| Q1 2020 | 2020-03-31 | 15.55% | +4.52 pp |
| Q4 2019 | 2019-12-31 | 14.80% | +2.21 pp |
| Q3 2019 | 2019-09-30 | 15.41% | +2.28 pp |
| Q2 2019 | 2019-06-30 | 13.61% | +3.85 pp |
| Q1 2019 | 2019-03-31 | 11.02% | +3.75 pp |
| Q4 2018 | 2018-12-31 | 12.59% | +12.09 pp |
| Q3 2018 | 2018-09-30 | 13.13% | +7.15 pp |
| Q2 2018 | 2018-06-30 | 9.76% | +4.30 pp |
| Q1 2018 | 2018-03-31 | 7.28% | +0.76 pp |
| Q4 2017 | 2017-12-31 | 0.50% | −2.48 pp |
| Q3 2017 | 2017-09-30 | 5.98% | +0.57 pp |
| Q2 2017 | 2017-06-30 | 5.46% | +3.61 pp |
| Q1 2017 | 2017-03-31 | 6.51% | +3.63 pp |
| Q4 2016 | 2016-12-31 | 2.99% | −3.66 pp |
| Q3 2016 | 2016-09-30 | 5.42% | −0.18 pp |
| Q2 2016 | 2016-06-30 | 1.86% | −0.79 pp |
| Q1 2016 | 2016-03-31 | 2.88% | +0.39 pp |
| Q4 2015 | 2015-12-31 | 6.64% | +2.64 pp |
| Q3 2015 | 2015-09-30 | 5.60% | +1.44 pp |
| Q2 2015 | 2015-06-30 | 2.64% | −0.62 pp |
| Q1 2015 | 2015-03-31 | 2.49% | +0.43 pp |
| Q4 2014 | 2014-12-31 | 4.00% | +1.41 pp |
| Q3 2014 | 2014-09-30 | 4.17% | +2.79 pp |
| Q2 2014 | 2014-06-30 | 3.26% | +1.38 pp |
| Q1 2014 | 2014-03-31 | 2.07% | +1.25 pp |
| Q4 2013 | 2013-12-31 | 2.59% | +1.59 pp |
| Q3 2013 | 2013-09-30 | 1.37% | +0.69 pp |
| Q2 2013 | 2013-06-30 | 1.88% | −2.33 pp |
| Q1 2013 | 2013-03-31 | 0.82% | −1.96 pp |
| Q4 2012 | 2012-12-31 | 1.00% | −1.52 pp |
| Q3 2012 | 2012-09-30 | 0.68% | −1.06 pp |
| Q2 2012 | 2012-06-30 | 4.21% | +4.51 pp |
| Q1 2012 | 2012-03-31 | 2.78% | −1.23 pp |
| Q4 2011 | 2011-12-31 | 2.52% | −5.04 pp |
| Q3 2011 | 2011-09-30 | 1.74% | −4.47 pp |
| Q2 2011 | 2011-06-30 | −0.29% | — |
| Q1 2011 | 2011-03-31 | 4.01% | — |
| Q3 2010 | 2010-09-30 | 7.55% | — |
| Q2 2010 | 2010-06-30 | 6.20% | — |
Sps Commerce operating margin trends
Over the last five reported fiscal years, Sps Commerce's operating margin decreased from 16.04% to 15.74%, a change of −0.30 percentage points. The latest reported quarter, Q2 2026, shows 4.25%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Sps Commerce filings at SEC.gov ↗