Lightspeed Commerce Inc. (LSPD) Revenue History
Annual and quarterly revenue from 2016 to present
LSPD Revenue Over Time (2016–2026)
LSPD Revenue Growth History
9 of 10 years with positive growth- FY2016 revenue growth
- N/A
- FY2017 revenue growth
- +0.0%
- FY2018 revenue growth
- +34.0%
- FY2019 revenue growth
- +35.7%
- FY2020 revenue growth
- +55.8%
- FY2021 revenue growth
- +83.8%
- FY2022 revenue growth
- +147.3%
- FY2023 revenue growth
- +33.2%
- FY2024 revenue growth
- +24.5%
- FY2025 revenue growth
- +18.4%
- FY2026 revenue growth
- +14.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2026 | $286.8M | +13.2% |
| Q3 2026 | $312.3M | +11.5% |
| Q2 2026 | $319.0M | +15.1% |
| Q1 2026 | $310.0M | +16.5% |
| Q4 2025 | $253.4M | +10.1% |
| Q3 2025 | $280.1M | +16.9% |
| Q2 2025 | $277.2M | +20.4% |
| Q1 2025 | $266.1M | +27.3% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2026)
LSPD's revenue distribution by segment and geography for fiscal year 2026
By Product/Segment
By Geography
LSPD Revenue Analysis (2016–2026)
Current Revenue & Growth
As of June 23, 2026, Lightspeed Commerce Inc. (LSPD) generated trailing twelve-month (TTM) revenue of $1.23 billion, reflecting strong growth of +13.2% year-over-year. The most recent quarter (Q4 2026) recorded $286.8 million in revenue, down 8.2% sequentially.
Historical Growth Trajectory
LSPD's 5-year compound annual growth rate (CAGR) stands at +40.8%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +18.9% is below the 5-year average, signalling a growth deceleration in recent years. Lightspeed Commerce Inc.'s highest annual revenue of $1.23 billion was recorded in 2026, an all-time high.
Revenue by Segment
LSPD's revenue is primarily driven by Transaction Based Revenue (66%), Subscription Revenue (30%), and Hardware And Other Revenue (3%). With over half of revenue concentrated in Transaction Based Revenue, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including PAR (+23.9% YoY), RSKD (+5.1% YoY), and FOUR (+28.3% YoY) — LSPD has underperformed the peer group in revenue growth. Compare LSPD vs PAR →
LSPD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| LSPDCurrent | $1.2B | +13.2% | +40.8% | -12.0% | |
 PAR | $456M | +23.9% | +16.3% | -15.1% | |
 RSKD | $345M | +5.1% | +15.2% | -8.4% | |
 FOUR | $4.2B | +28.3% | +40.4% | 8.4% | |
 TOST | $6.2B | +23.4% | +49.5% | 5.0% | |
 V | $40.0B | - | - | 60.0% |
LSPD Historical Revenue Data (2016–2026)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $1.23B | +14.0% | $526.9M | 42.9% | $-147,586,000 | -12.0% |
| 2025 | $1.08B | +18.4% | $450.2M | 41.8% | $-696,007,000 | -64.6% |
| 2024 | $909.3M | +24.5% | $385.3M | 42.4% | $-203,019,000 | -22.3% |
| 2023 | $730.5M | +33.2% | $332.0M | 45.4% | $-1,099,040,000 | -150.4% |
| 2022 | $548.4M | +147.3% | $271.2M | 49.5% | $-318,342,000 | -58.1% |
| 2021 | $221.7M | +83.8% | $127.7M | 57.6% | $-129,717,000 | -58.5% |
| 2020 | $120.6M | +55.8% | $77.4M | 64.2% | $-58,407,000 | -48.4% |
| 2019 | $77.5M | +35.7% | $53.9M | 69.6% | $-23,216,000 | -30.0% |
| 2018 | $57.1M | +34.0% | $39.6M | 69.4% | $-21,922,000 | -38.4% |
| 2017 | $42.6M | - | $27.6M | 64.8% | $-34,002,000 | -79.8% |
| 2016 | $42.6M | - | $27.6M | 64.8% | $-34,002,000 | -79.8% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
10+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
LSPD — Frequently Asked Questions
Quick answers to the most common questions about buying LSPD stock.
Is LSPD's revenue growth accelerating or slowing?
LSPD revenue growth is holding steady at +13.2% year-over-year. TTM revenue is $1.2B. The current growth rate closely tracks the 5-year CAGR of +40.8%, signalling consistent execution.
What is LSPD's revenue history from 2016 to 2026?
Lightspeed Commerce Inc. (LSPD) revenue history spans 2016 to 2026. TTM revenue as of 2026 is $1.2B, growing at +13.2% YoY. The 5-year CAGR is +40.8%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is LSPD's long-term revenue growth rate (CAGR)?
Lightspeed Commerce Inc.'s 5-year revenue CAGR of +40.8% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +13.2% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for LSPD.
Why does LSPD's quarterly revenue fluctuate?
LSPD quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Lightspeed Commerce Inc.'s revenue data from 2016 to 2026 shows full historical quarterly detail on this page.
How is LSPD's revenue distributed by segment?
LSPD reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does LSPD's revenue compare to industry peers?
Lightspeed Commerce Inc. (LSPD) with TTM revenue of $1.2B and +13.2% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.