| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 84.51 | 2.7% | 0.1% |
| Total Income | 84.51 | 2.7% | 0.1% |
| Expenditure | 81.81 | 0.9% | 10.3% |
| PBT | 1.31 | 68.7% | 116.0% |
| Net Profit | 1.10 | 70.5% | 113.1% |
| OPM | 3.20% | 3.44pp | 11.24pp |
| NPM | 1.30% | 2.99pp | 11.23pp |
| EPS | 0.01 | 80.0% | 110.0% |
Commerce Announces Second Quarter 2026 Financial Results
06 Aug 2026 · 6 Aug, 4:42 pm
Summary
Commerce.com, Inc. reported second quarter 2026 results with total revenue of $84.5 million, up 0.1% year-over-year, and total ARR of $360.5 million, up 2%. The company achieved a GAAP net income of $1.1 million, a substantial turnaround from a net loss in the prior year, and saw Gross Merchandise Volume (GMV) increase by 14% to $8.8 billion. Management highlighted disciplined execution, positive GAAP net income for two consecutive quarters, and sequential improvement in net revenue retention, emphasizing strategic investments in product intelligence and AI-driven commerce.
Key Highlights
- 1
Total revenue for the second quarter of 2026 was $84.5 million, a slight increase of 0.1% compared to the same period in the prior year.
- 2
Total Annual Recurring Revenue (ARR) reached $360.5 million as of June 30, 2026, marking a 2% increase year-over-year.
- 3
Gross Merchandise Volume (GMV) grew by 14% to $8.8 billion for the second quarter of 2026 compared to the prior year.
- 4
GAAP net income was $1.1 million for the second quarter of 2026, a significant improvement from a net loss of ($8.4) million in the prior year period.
- 5
Non-GAAP operating margin improved to 9.6% in Q2 2026, up from 5.7% in Q2 2025.
- 6
The company reported positive GAAP net income for the second consecutive quarter and a third consecutive quarter of sequential improvement in net revenue retention.
- 7
Commerce announced new enterprise services like Feedonomics Agentic Catalog Exports (ACE) and product innovations including multi-language capabilities and advanced promotions management.
Management Comments
Travis Hess
Our second quarter results reflect another period of disciplined execution, with revenue of $84.5 million, 14% GMV growth, positive GAAP net income for the second consecutive quarter, and a third consecutive quarter of sequential improvement in net revenue retention. Just as importantly, we're making deliberate decisions to strengthen the quality and durability of our business by investing in product intelligence, AI-driven commerce, and the open architecture merchants need as commerce becomes increasingly distributed. We believe those disciplined trade-offs position Commerce to deliver stronger merchant outcomes and create long-term value for both our customers and shareholders.
Informational and educational content only. Not investment advice.