NYSE$LSPD
Lightspeed Commerce Inc · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
Lightspeed reported strong financial results for the first quarter of fiscal year 2026, exceeding revenue and gross profit outlooks, driven by increased customer locations, higher ARPU, and improved operating efficiency.
Lightspeed Commerce Inc. announced robust financial results for the three months ended June 30, 2025, with total revenue reaching $304.9 million, a 15% year-over-year increase. The company also saw a significant improvement in gross margin to 42% and achieved positive Adjusted EBITDA, demonstrating strong operational leverage and profitable growth.
- Total revenue for the quarter was $304.9 million, representing a 15% year-over-year growth and surpassing the company's outlook.
- Gross margin improved to 42%, with gross profit increasing by 19% year-over-year, exceeding expectations.
- Lightspeed added approximately 1,700 net Customer Locations, primarily in retail in North America and hospitality in Europe, contributing to overall customer location growth.
- Gross Payment Volume (GPV) increased by 21% year-over-year, with GPV as a percentage of GTV reaching 41%.
Headline financials
Revenue & EPS history
Lightspeed · Revenue · Quarterly
$305M
Revenue by segment
Lightspeed · $303M total across 2 segments · Q3 2026
- Transaction-based$209M+15.2%69.1%
- Subscription$93.7M+6.3%30.9%
Forward guidance
Lightspeed remains confident in its strategy focusing on retail customers in North America and hospitality customers in Europe, expecting to increase Customer Locations within these growth engines while retaining revenue in other markets. The financial outlook is consistent with long-term targets for gross profit CAGR of approximately 15-18% and Adjusted EBITDA CAGR of approximately 35%.
Tailwinds
- Continued focus on increasing Customer Locations in key growth engines (retail in North America, hospitality in Europe).
- Expectation to retain revenue in other markets.
- Consistent with three-year target gross profit CAGR of approximately 15-18%.
- Consistent with three-year target Adjusted EBITDA CAGR of approximately 35%.
- Confidence in executing strategy and managing macroeconomic environment.
Headwinds
- Assumptions related to inflation, tariffs, changes in interest rates, consumer spending, and foreign exchange rates could impact results.
- Risk of jurisdictions imposing strict measures similar to past pandemics or health crises.
- Potential for subscription pauses and churn rates to deviate from planned levels due to business failures.
- Uncertainty regarding revenue streams from certain partner referrals, especially with unified POS and payments solutions.
- Risks related to the ability to manage default risks of merchant cash advances.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
-2.3%
Avg return
Earnings day
-1.4%
Avg return
5 days after
-0.4%
Avg return
30 days after
40%
10 / 25 earnings
Positive
+22.5%
Q4 2021
Best reaction
-28.1%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -6.9% | -1.8% | +4.7% | |
| Q3 2026 | -7.8% | -8.4% | -5.2% | |
| Q2 2026 | +16.0% | +13.5% | +0.0% | |
| Q1 2026 | -5.4% | -5.4% | -5.9% | |
| Q4 2025 | -8.3% | +0.9% | +1.1% | |
| Q3 2025 | -9.5% | -9.4% | -21.3% | |
| Q2 2025 | +8.3% | +16.8% | +9.8% | |
| Q3 2024 | -28.1% | -31.4% | -30.7% | |
| Q2 2024 | +19.9% | +22.3% | +36.3% | |
| Q1 2024 | +9.8% | +4.4% | +0.9% | |
| Q4 2023 | -10.4% | -9.8% | +10.0% | |
| Q3 2023 | -11.4% | -4.8% | -16.5% | |
| Q2 2023 | -16.4% | -15.7% | -3.9% | |
| Q1 2023 | -10.9% | -10.5% | -27.5% | |
| Q4 2022 | +13.9% | +6.5% | +5.0% | |
| Q3 2022 | -10.9% | -10.6% | -35.1% | |
| Q2 2022 | -26.2% | -28.0% | -55.2% | |
| Q1 2022 | +9.0% | +4.5% | +34.5% | |
| Q4 2021 | +22.5% | +26.7% | +39.2% | |
| Q3 2021 | -3.1% | -2.6% | -21.8% | |
| Q2 2021 | +14.3% | +13.1% | +74.3% | |
| Q1 2021 | -0.3% | — | — | |
| Q4 2019 | -17.5% | — | — | |
| Q3 2019 | +0.7% | — | — | |
| Q2 2019 | +0.1% | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2017 | — | — | — | |
| Q3 2017 | — | — | — |
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