Valuation check: SPSC's profit margin is 11.92%, below the Technology sector average of 36.35%.
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+ FollowAs of Mar 2026
Trailing 12 months ending Mar 2026
SPS Commerce posts a profit margin of 11.92% as of March 2026. That compares with 12.13% in the prior-year period — down 1.7% year over year. That is below the Technology sector average of 36.35%. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.
In the prior comparable period, SPS Commerce's profit margin was 12.13%. The latest reading is 11.92% — a 1.7% year-over-year decrease (period ending March 2026). Use the history and growth charts on this page for a longer lookback.
For Technology stocks, a profit margin near 36.35% is typical. SPS Commerce's 11.92% is lower that level. That is roughly 67.2% below the sector mean. Whether that is a warning or an opportunity depends on growth outlook and other fundamentals shown elsewhere on Stockcircle.
SPS Commerce's profit margin moves when the underlying profit, equity, or asset base changes. Cost cuts, pricing power, buybacks, write-downs, and cyclical swings can all shift the percentage. The latest reading is 11.92% as of March 2026; use YoY and peer views to separate noise from signal.
Context for SPSC's profit margin usually means three checks: (1) trend versus prior periods, (2) level versus peers (average 36.35%), and (3) consistency with growth and profitability. This page covers the first two; SPS Commerce's other metric pages and overview cover the third.