Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 69.82% is in line with its 5-year average of 66.64%, near the high end of its 5-year range (62.68%–70.44%).
0.51% above its 12-month average of 69.47%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 70.16%.
GROSS MARGIN
69.82%
GROSS MARGIN AVG TTM
69.47%
GROSS MARGIN AVG 3Y
67.12%
GROSS MARGIN AVG 5Y
66.64%
GROSS MARGIN AVG 10Y
67.07%
GROSS MARGIN AVG 15Y
67.51%
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+0.51%
CURRENT VS 3Y AVG
+4.02%
CURRENT VS 5Y AVG
+4.78%
CURRENT VS 10Y AVG
+4.10%
CURRENT VS 15Y AVG
+3.42%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
47.70%
median of 637 covered companies
CURRENT VS SECTOR MEDIAN
+46.37%
vs the sector median at left
SPS Commerce, Inc.
Market Cap
$2.91B
Gross Margin
69.82%
TTM Avg
69.47%
3Y Avg
67.12%
5Y Avg
66.64%
Market Cap
$2.92B
Gross Margin
27.90%
TTM Avg
29.05%
3Y Avg
28.97%
5Y Avg
27.49%
Market Cap
$2.98B
Gross Margin
78.57%
TTM Avg
76.24%
3Y Avg
76.37%
5Y Avg
75.62%
Market Cap
$2.83B
Gross Margin
82.96%
TTM Avg
84.30%
3Y Avg
83.37%
5Y Avg
82.79%
Market Cap
$2.97B
Gross Margin
53.64%
TTM Avg
54.06%
3Y Avg
54.00%
5Y Avg
52.86%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| SPS Commerce, Inc. (SPSC) | $2.91B | 69.82% | 69.47% | 67.12% | 66.64% |
| Penguin Solutions, Inc. (PENG)vs › | $2.92B | 27.90% | 29.05% | 28.97% | 27.49% |
| StoneCo Ltd. (STNE)vs › | $2.88B | 72.38% | 74.81% | 73.44% | 72.00% |
| Braze, Inc. (BRZE)vs › | $2.97B | 66.30% | 68.14% | 68.10% | 67.19% |
| Intapp, Inc. (INTA)vs › | $2.85B | 75.78% | 74.88% | 72.32% | 69.70% |
| NetScout Systems, Inc. (NTCT)vs › | $2.98B | 78.57% | 76.24% | 76.37% | 75.62% |
| Cellebrite DI Ltd. (CLBT)vs › | $2.83B | 82.96% | 84.30% | 83.37% | 82.79% |
| Power Integrations, Inc. (POWI)vs › | $2.97B | 53.64% | 54.06% | 54.00% | 52.86% |
| Ambarella, Inc. (AMBA)vs › | $3.00B | 58.29% | 58.41% | 59.78% | 60.44% |
| Teradata Corporation (TDC)vs › | $2.81B | 60.91% | 60.09% | 60.30% | 59.76% |
Gross Margin
69.8%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | 70.16% |
| 2026-03-31 | 69.18% |
| 2025-12-31 | 70.44% |
| 2025-09-30 | 69.49% |
| 2025-06-30 | 68.08% |
| 2025-03-31 | 68.65% |
| 2024-12-31 | 67.48% |
| 2024-09-30 | 68.46% |
| 2024-06-30 | 62.98% |
| 2024-03-31 | 62.68% |
| 2023-12-31 | 62.72% |
| 2023-09-30 | 66.45% |
| 2023-06-30 | 65.84% |
| 2023-03-31 | 65.87% |
| 2022-12-31 | 65.96% |
| 2022-09-30 | 66.28% |
| 2022-06-30 | 65.62% |
| 2022-03-31 | 66.36% |
| 2021-12-31 | 65.32% |
| 2021-09-30 | 64.92% |
| 2021-06-30 | 66.44% |
| 2021-03-31 | 66.73% |
| 2020-12-31 | 67.68% |
| 2020-09-30 | 68.52% |
| 2020-06-30 | 67.81% |
| 2020-03-31 | 68.27% |
| 2019-12-31 | 67.13% |
| 2019-09-30 | 67.20% |
| 2019-06-30 | 65.42% |
| 2019-03-31 | 68.08% |
| 2018-12-31 | 67.51% |
| 2018-09-30 | 67.53% |
| 2018-06-30 | 66.60% |
| 2018-03-31 | 66.56% |
| 2017-12-31 | 66.57% |
| 2017-09-30 | 66.79% |
| 2017-06-30 | 66.49% |
| 2017-03-31 | 66.63% |
| 2016-12-31 | 66.08% |
| 2016-09-30 | 67.19% |
| 2016-06-30 | 66.27% |
| 2016-03-31 | 67.37% |
| 2015-12-31 | 68.27% |
| 2015-09-30 | 68.53% |
| 2015-06-30 | 68.25% |
| 2015-03-31 | 68.70% |
| 2014-12-31 | 68.54% |
| 2014-09-30 | 69.33% |
| 2014-06-30 | 69.05% |
| 2014-03-31 | 68.02% |
| 2013-12-31 | 69.53% |
| 2013-09-30 | 69.46% |
| 2013-06-30 | 69.04% |
| 2013-03-31 | 70.25% |
| 2012-12-31 | 69.74% |
| 2012-09-30 | 70.67% |
| 2012-06-30 | 72.82% |
| 2012-03-31 | 73.10% |
| 2011-12-31 | 73.39% |
| 2011-09-30 | 73.75% |
| 2011-06-30 | 73.09% |
| 2011-03-31 | 73.74% |
| 2010-12-31 | 72.04% |
| 2010-09-30 | 72.06% |
| 2010-06-30 | 71.66% |
| 2010-03-31 | 70.90% |
| 2009-12-31 | 70.21% |
| 2009-09-30 | 68.77% |
| 2009-06-30 | 69.83% |
| 2009-03-31 | 66.74% |
| 2008-12-31 | 67.52% |
