SPSC Sps Commerce margins

Relative Growth: Rel. Growth: 84

Relative Strength: Rel. Strength: 80

Relative Valuation: Rel. Valuation: 30

Relative Profitability: Rel. Profitability: 76

Gross margin

70.2%

Operating margin

16.8%

EBITDA margin

22.5%

Net margin

10.7%

The Sps Commerce reports a gross margin of 70.2%, an operating margin of 16.8%, an EBITDA margin of 22.5%, and a net margin of 10.7%. Among the available margins, operating margin improved the most and net margin declined the most, by 2 and 1 percentage points respectively.

SPSC margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Sps Commerce's margins averaged 67.88% gross, 14.83% operating, 22.75% EBITDA, and 11.87% net. For Sps Commerce, gross and operating margins are above their three-year averages, while EBITDA and net margins are below their three-year averages.

SPSC margin expansion

Year-over-year margin changes in percentage points

Compared with the same period last year, gross margin expanded by 1.8 percentage points and operating margin by 2 percentage points, while EBITDA margin contracted by 0.5 percentage points and net margin by 1 percentage point.

Gross margin expansion

1.8pp

Operating margin expansion

2pp

EBITDA margin expansion

-0.5pp

Net margin expansion

-1pp

SPSC Gross margin

Across the last 3 years, Sps Commerce's gross margin averaged 67.88%. The current gross margin stands at 70.2%, 2.3 percentage points above its three-year average. Gross margin was highest at 70.2% in Sep 2026 and lowest at 66% in Mar 2024.

SPSC Operating margin

Across the last 3 years, Sps Commerce's operating margin averaged 14.83%. The current operating margin stands at 16.8%, 2 percentage points above its three-year average. Operating margin was highest at 16.8% in Sep 2026 and lowest at 13.5% in Mar 2024.

SPSC EBITDA margin

The average EBITDA margin for Sps Commerce was 22.75% in the last 3 years. As of the latest period, the current EBITDA margin for Sps Commerce is 22.5%, 0.3 percentage points below its three-year average. The EBITDA margin for Sps Commerce moved between 21.5% in Jun 2026 and 24.2% in Dec 2025.

SPSC Net margin

The average net margin for Sps Commerce was 11.87% over the last 3 years. Sps Commerce's current net margin is 10.7% and is 1.2 percentage points below its three-year average. The net margin for Sps Commerce moved between 10.1% in Jun 2026 and 12.8% in Sep 2024.

SPSC margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 70.2%, SPSC ranks higher than the Technology sector and the industry average but lower than its peers average. In comparison with the Technology sector average of 52.5%, Sps Commerce's gross margin is 34% higher.

SPSC margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Sps Commerce's gross margin?

For the period ending Sep 30, 2026, SPSC recorded a gross margin of 70.2%.

What is Sps Commerce's operating margin?

The current operating margin for SPSC is 16.8% as of Sep 30, 2026.

What is Sps Commerce's EBITDA margin?

The current EBITDA margin for SPSC is 22.5% as of Sep 30, 2026.

What is Sps Commerce's net margin?

As of Sep 30, 2026, SPSC has a net margin of 10.7%.

What are the average margins of SPSC?

The three-year average margins for SPSC were 67.9% gross, 14.8% operating, 22.8% EBITDA, and 11.9% net.

What are the highest historical margins of SPSC?

Across the 5-year period, SPSC posted its highest margins at 70.2% gross in Sep 2026, 16.8% operating in Sep 2026, 24.2% EBITDA in Dec 2025, and 12.8% net in Sep 2024.

What are the lowest historical margins of SPSC?

Over this 5-year history, Sps Commerce's margins fell as low as 65.6% gross in Jun 2022, 13.5% operating in Mar 2024, 20.4% EBITDA in Dec 2021, and 10.1% net in Jun 2026.