Filing Flows › SPS Commerce (SPSC) › Operating margin
SPS Commerce (SPSC) operating margin by quarter
SPS Commerce's operating margin was 20.2% in Q3 2026 (third quarter 2026), +15.9 pts from Q2 2026. Over the last 7 quarters it ranged from 4.3% (Q2 2026) to 20.2% (Q3 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 20.2% | +15.9 pts | +3.8 pts |
| Q2 2026 | 4.3% | -8.5 pts | -9.9 pts |
| Q1 2026 | 12.8% | -5.2 pts | -1.5 pts |
| Q4 2025 | 18.0% | +1.6 pts | — |
| Q3 2025 | 16.4% | +2.3 pts | — |
| Q2 2025 | 14.1% | -0.2 pts | — |
| Q1 2025 | 14.3% | — | — |
Q3 2026 at a glance
SPS Commerce, Q3 2026: revenue $198M (+4% year over year), operating margin 20.2%, net earnings $30.7M, operating cash flow $64.0M. The chart follows the revenue to costs, profit and cash.
Questions
What is SPS Commerce's operating margin?
SPS Commerce's operating margin was 20.2% in Q3 2026 (third quarter 2026), +15.9 pts from Q2 2026.
How has SPS Commerce's operating margin changed?
Over the last 7 quarters it ranged from 4.3% (Q2 2026) to 20.2% (Q3 2026).