Commerce.com, Inc. (CMRC) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Commerce.com published the results on November 5, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Commerce.com reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Non-GAAP diluted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• BigCommerce Holdings changed its name to Commerce.com on July 31, 2025, and its Nasdaq ticker from BIGC to CMRC. It is the parent of BigCommerce, Feedonomics and Makeswift.
• Q3 2026 GAAP results include $4.0 million of restructuring charges under the 2026 Restructure announced in September; Commerce.com expects a further $5.4 million to $10.9 million, mostly in Q4 2026.

Source: Commerce.com Q3 2026 results, November 5, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Commerce.com splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Commerce.com's Subscription solutions revenue was $64.7 million in Q3 2026, flat on $64.7 million in Q3 2025, 77% of total revenue.
• Commerce.com's Partner and services revenue was $19.5 million in Q3 2026, down 9% from $21.3 million in Q3 2025, 23% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Commerce.com said:

“For the fourth quarter of 2026, we currently expect: • Total revenue between $83.4 million and $86.4 million. • Non-GAAP operating income between $6.8 million and $8.8 million.”

“Total revenue between $339.0 million and $342.0 million.”

“In addition, we have provided a target of full-year Non-GAAP operating margin of at least 20% beginning in 2027 and estimated annualized Non-GAAP operating cost reductions of $60 million to $80 million under our strategic operating plan.”

Source: Commerce.com Q3 2026 release, Nov 5, 2026.

This is the company's own guidance as of Nov 5, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the CMRC forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and diluted EPS, each as first reported in that quarter's release. In loss quarters Commerce.com reports basic net loss per share, which equals diluted.

We do not hold a confirmed date for Commerce.com's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 5, 2026

Commerce.com reported Q3 2026 revenue of $84.2 million, down 2.1% from $86.0 million. Subscription solutions, mostly platform subscription fees charged per online store and recurring professional services, were $64.7 million and flat (up 0.1%). Partner and services revenue, the revenue share and fees paid by technology partners plus professional services, fell 8.5% to $19.5 million. (Commerce.com Q3 2026 release, Nov 5, 2026; Commerce.com Form 10-Q, Q3 2026, Nov 5, 2026)

Commerce.com put the $1.8 million drop in partner and services revenue down to lower revenue share ($0.6 million), sponsorship revenue ($0.5 million) and professional services revenue ($0.3 million). Its 10-K names PayPal, Google and Stripe among the strategic technology partners that generate significant revenue for it. (Commerce.com Form 10-Q, Q3 2026, Nov 5, 2026; Commerce.com Form 10-K, 2025, Mar 2, 2026)

Total ARR was $357.6 million at September 30, 2026, up 0.5% from $355.7 million a year earlier but below $360.5 million at June 30, 2026. Subscription ARR was $269.2 million. Gross merchandise volume through the platform rose 14% to $9.0 billion, which Commerce.com notes is not a measure of revenue, and net revenue retention was 94.7%, against 95.8% at June 30. (Commerce.com Q3 2026 release, Nov 5, 2026; Commerce.com Form 10-Q, Q3 2026, Nov 5, 2026)

By geography, United States revenue fell 2.6% to $63.5 million, about 75 percent of the total. EMEA rose 6.9% to $11.3 million, APAC fell 8.8% to $5.7 million and Rest of World fell 7.3% to $3.7 million. Regions follow the Commerce.com contracting entity, which may differ from where the customer is. (Commerce.com Form 10-Q, Q3 2026, Nov 5, 2026)

Enterprise accounts carry most of the recurring base: at the end of 2025 Commerce.com had 6,648 enterprise accounts, which made up 80% of Total ARR ($287.2 million). (Commerce.com Form 10-K, 2025, Mar 2, 2026)

Commerce.com posted a GAAP net loss of $3.2 million in Q3 2026, $0.04 per share, against a $2.2 million loss ($0.03) a year earlier. Its non-GAAP diluted EPS was $0.08 in both quarters. (Commerce.com Q3 2026 release, Nov 5, 2026)

Non-GAAP net income of $6.6 million adds back stock-based compensation and related payroll taxes ($4.4 million), amortization of intangible assets ($1.4 million) and restructuring charges ($4.0 million, against $0.1 million a year earlier). The restructuring is the 2026 Restructure, covering severance, the exit of the Sydney, Australia office lease, software contracts and professional services; Commerce.com expects $3.5 million to $7.5 million more of these charges in Q4 2026. (Commerce.com Q3 2026 release, Nov 5, 2026; Commerce.com Form 10-Q, Q3 2026, Nov 5, 2026)

Gross margin fell to 74.1% from 78.4%, which Commerce.com tied to a $3.1 million rise in web hosting costs from higher activity and the expiry of usage credits used a year earlier. Weighted average shares were 83.0 million, against 80.8 million, and $150.0 million of 2028 Convertible Notes remained outstanding. (Commerce.com Form 10-Q, Q3 2026, Nov 5, 2026; Commerce.com Q3 2026 release, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Commerce.com gives a quarterly and full-year outlook in its release. For Q4 2026 it expects total revenue of $83.4 million to $86.4 million and non-GAAP operating income of $6.8 million to $8.8 million; for full year 2026, revenue of $339.0 million to $342.0 million and non-GAAP operating income of $35.3 million to $37.3 million. (Commerce.com Q3 2026 release, Nov 5, 2026)

Under the strategic operating plan announced in September, Commerce.com targets a full-year non-GAAP operating margin of at least 20% beginning in 2027 and annualized non-GAAP operating cost reductions of $60 million to $80 million. It gives no GAAP operating income or operating cash flow outlook. CFO and COO Daniel Lentz leaves on November 13, 2026, with Tyler Duncan as interim CFO. (Commerce.com Q3 2026 release, Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover Commerce.com, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Commerce.com's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning CMRC is on is CMRC a buy or a sell?, what analysts expect next is on the CMRC forecast, and what the company does is on the Commerce.com, Inc. (CMRC) stock page.

Every number on this page can be traced to a document Commerce.com published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.