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SPS Commerce's gross profit for the
three
months ended in Jun. 2026 was $138.8 Mil. SPS Commerce's gross profit for the trailing twelve months (TTM) ended in Jun. 2026 was $539.4 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. SPS Commerce's gross profit for the
three
months ended in Jun. 2026 was $138.8 Mil. SPS Commerce's Revenue for the
three
months ended in Jun. 2026 was $197.8 Mil. Therefore, SPS Commerce's Gross Margin % for the quarter that ended in Jun. 2026 was 70.16%.
SPS Commerce had a gross margin of 70.16% for the quarter that ended in Jun. 2026 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of SPS Commerce was 69.82%. The lowest was 65.82%. And the median was 66.82%.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
SPS Commerce had a gross margin of 70.16% for the quarter that ended in Jun. 2026 => Durable competitive advantage
SPS Commerce Gross Profit Related Terms
SPS Commerce Gross Profit Historical Data
* Premium members only.
The historical data trend for SPS Commerce's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Software - Application subindustry, SPS Commerce's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
SPS Commerce Gross Profit vs Software Industry
For the Software industry and Technology sector, SPS Commerce's Gross Profit distribution charts can be found below:
* The bar in red indicates where SPS Commerce's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $539.4 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
SPS Commerce (SPSC) has a Gross Profit of $539.4 Mil as of Jun. 2026. Gross Profit equals net sales less total cost of goods sold. View historical data on SPS Commerce and its competitors.
Is SPS Commerce's Gross Profit too high?
SPS Commerce's current Gross Profit is $539.4 Mil. Overall, SPS Commerce has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SPS Commerce's Gross Profit compare to PLUS and PDFS?
SPS Commerce's Gross Profit of $539.4 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for a Software company?
A good Gross Profit depends on the Software industry context. However, Gross Profit should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on SPS Commerce and its competitors. SPS Commerce's current Gross Profit is $539.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPS Commerce stock overvalued right now?
Based on GuruFocus' analysis, SPS Commerce (SPSC) is currently considered Significantly Undervalued. The stock's GF Value™ is $181.48, compared to a current price of $80.80 — trading 55.5% below its estimated fair value. The current Gross Profit is $539.4 Mil. SPS Commerce's overall GF Score™ is 86/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For SPS Commerce (SPSC), the current Gross Profit is $539.4 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is SPS Commerce (SPSC) Overvalued in 2026?
Based on GuruFocus' analysis, SPS Commerce stock appears to be undervalued.
The current stock price of $80.80 is trading 55.5% below its estimated GF Value™ of $181.48.
GuruFocus considers SPS Commerce to be Significantly Undervalued.
Key valuation signals for SPSC:
Gross Profit: $539.4 Mil
GF Value™: $181.48 vs. price of $80.80 (55.5% below fair value)
No single metric tells the full story. See the SPSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPS Commerce Inc is a provider of cloud-based supply chain management services for retailers, grocers, distributors, suppliers, and logistics firms to increase supply chain performance, optimize inventory levels and sell-through, reduce operational costs, improve order visibility, and satisfy consumer demands for a seamless omnichannel experience. Its solutions are delivered through the SPS Commerce platform and provide integrations and retail performance analytics to its customers. The company has one operating segment Supply Chain Management Solutions, that derives revenues from customers by providing access to cloud-based supply chain management services, primarily under subscription-based service arrangements.
86GF Score
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Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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