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Commerce.com profit margin CMRC

Gross, operating and net profit as a share of revenue over the last twelve months, from 2019.

Net margin, 12 months
−1.7%
Operating margin, 12 months
0.4%
Net margin on a year earlier
+3.7 pts
Peer median
3.9%

Over the twelve months to Jun 30, 2026, Commerce.com kept −1.7% of its revenue as net profit, with an operating margin of 0.4% and a gross margin of 77.2%.

Five years earlier its net margin was −25.7%.

The median for 10 infrastructure software stocks of a similar size is 3.9%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY2025−5.6%−4.7%78.7%
FY2024−8.1%−12.5%76.7%
FY2023−20.9%−23.4%76.0%
FY2022−50.1%−50.4%74.9%
FY2021−34.9%−34.5%77.9%
FY2020−24.7%−25.4%77.6%
FY2019−38.0%−36.6%75.9%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY26−1.7%+3.7 pts0.4%
Q1 FY26−4.4%+1.9 pts−2.3%
Q4 FY25−5.6%+2.5 pts−4.7%
Q3 FY25−3.9%+4.5 pts−3.1%
Q2 FY25−5.4%+7.3 pts−8.6%
Q1 FY25−6.3%+9.1 pts−10.7%
Q4 FY24−8.1%+12.8 pts−12.5%
Q3 FY24−8.4%+23.3 pts−14.1%
Q2 FY24−12.7%+23.1 pts−15.3%
Q1 FY24−15.4%+28.5 pts−17.9%
Q4 FY23−20.9%+29.2 pts−23.4%
Q3 FY23−31.7%+20.3 pts−34.1%

Against its peers

Companies in Software - Infrastructure nearest Commerce.com's size, closest first, today.

Where Commerce.com ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Commerce.com

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.