Filing Flows › Commerce.com (CMRC) › Q2 2026 › vs Q1 2026
Commerce.com (CMRC) Q2 2026 vs Q1 2026 (quarter over quarter)
Commerce.com's revenue fell $2.3M (-3%) from $86.8M in Q1 2026 to $84.5M in Q2 2026. The biggest changes: Partner and Services −$1.8M (-8%); Subscription and Circulation −$546K (-0.9%). Gross margin 75.2% against 76.7% (-1.6 pts).
Commerce.com, Q2 2026: revenue $84.5M (+0.1% year over year), operating margin 3.2%, net earnings $1.1M, operating cash flow $5.1M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 75.2% | 76.7% | -1.6 pts |
| Operating margin | 3.2% | 6.6% | -3.4 pts |
| Net margin | 1.3% | 4.3% | -3.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Subscription and Circulation | $63.1M | $63.7M | −$546K | -0.9% |
| Partner and Services | $21.4M | $23.2M | −$1.8M | -8% |
| Revenue | $84.5M | $86.8M | −$2.3M | -3% |
| Gross profit | $63.5M | $66.7M | −$3.1M | -5% |
| Cost of revenue | $21.0M | $20.2M | $791K | +4% |
| Operating profit | $2.7M | $5.8M | −$3.1M | -53% |
| Operating expenses | $60.8M | $60.9M | −$58K | -0.1% |
| Pre-tax earnings | $1.3M | $4.2M | −$2.9M | -69% |
| Other expense, net | $1.4M | $1.6M | −$189K | -12% |
| Research & development | $17.7M | $18.0M | −$359K | -2% |
| Sales & marketing | $27.5M | $26.2M | $1.3M | +5% |
| General & admin | $14.2M | $14.2M | −$32K | -0.2% |
| Other operating costs | $1.5M | $2.4M | −$981K | -40% |
| Net earnings | $1.1M | $3.7M | −$2.6M | -70% |
| Income tax | $204K | $452K | −$248K | -55% |
| Operating cash sources | $8.0M | $10.7M | −$2.7M | -25% |
| Depreciation & amortization | $3.0M | $2.9M | $129K | +4% |
| Share-based compensation | $3.9M | $4.1M | −$174K | -4% |
| Working capital & other | $2.9M | −$7.7M | $10.6M | — |
| Operating cash flow | $5.1M | $18.4M | −$13.3M | -72% |
Questions
How much did Commerce.com's revenue grow quarter over quarter in Q2 2026?
Commerce.com's revenue fell $2.3M (-3%) from $86.8M in Q1 2026 to $84.5M in Q2 2026.
What drove Commerce.com's revenue change in Q2 2026?
Partner and Services −$1.8M (-8%); Subscription and Circulation −$546K (-0.9%).