SuperworthSPS Commerce profit margin SPSC
Gross, operating and net profit as a share of revenue over the last twelve months, from 2011.
- Net margin, 12 months
- 10.1%
- Operating margin, 12 months
- 12.8%
- Net margin on a year earlier
- −1.7 pts
- Peer median
- 12.0%
Over the twelve months to Jun 30, 2026, SPS Commerce kept 10.1% of its revenue as net profit, with an operating margin of 12.8% and a gross margin of 69.8%.
Five years earlier its net margin was 13.0%.
The median for 10 infrastructure software stocks of a similar size is 12.0%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 12.4% | 15.7% | 69.2% |
| FY2024 | 12.1% | 13.9% | 67.0% |
| FY2023 | 12.3% | 14.4% | 66.1% |
| FY2022 | 12.2% | 15.8% | 66.1% |
| FY2021 | 11.6% | 14.3% | 65.8% |
| FY2020 | 14.6% | 16.0% | 68.1% |
| FY2019 | 12.1% | 13.8% | 67.0% |
| FY2018 | 9.6% | 10.8% | 67.1% |
| FY2017 | 0.2% | 4.5% | 66.5% |
| FY2016 | 3.0% | 3.9% | 66.7% |
| FY2015 | 2.9% | 4.4% | 68.4% |
| FY2014 | 2.1% | 3.4% | 68.7% |
| FY2013 | 1.0% | 1.7% | 69.6% |
| FY2012 | 1.6% | 2.0% | 71.4% |
| FY2011 | 23.6% | 2.0% | 73.5% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 10.1% | −1.7 pts | 12.8% | |
| Q1 FY26 | 11.9% | −0.2 pts | 15.3% | |
| Q4 FY25 | 12.4% | +0.3 pts | 15.7% | |
| Q3 FY25 | 11.7% | −1.2 pts | 14.8% | |
| Q2 FY25 | 11.8% | −0.5 pts | 14.6% | |
| Q1 FY25 | 12.1% | −0.1 pts | 14.8% | |
| Q4 FY24 | 12.1% | −0.2 pts | 13.9% | |
| Q3 FY24 | 12.8% | +0.6 pts | 14.2% | |
| Q2 FY24 | 12.3% | −0.2 pts | 14.1% | |
| Q1 FY24 | 12.2% | −0.0 pts | 13.5% | |
| Q4 FY23 | 12.3% | +0.0 pts | 14.4% | |
| Q3 FY23 | 12.2% | +0.2 pts | 14.3% |
Against its peers
Companies in Software - Infrastructure nearest SPS Commerce's size, closest first, today.
| Company | Profit margin |
|---|---|
| SPSCSPS Commerce | 10.1% |
| AGYSAgilysys | 13.0% |
| KDKyndryl | 0.6% |
| AVPTAvePoint | 15.3% |
| ALRMAlarm.com | 11.1% |
| NTCTNetscout Systems | 13.7% |
| FRSHFreshworks | 20.5% |
| QTWOQ2 | 10.9% |
| BLKBBlackbaud | 13.1% |
| CCCCCC Intelligent Solutions | 3.8% |
| NCNOnCino | 5.4% |
| Peer median | 12.0% |
Where SPS Commerce 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 SPS Commerce
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.