Commerce.com second quarter 2026 revenue stays flat while GMV grows 14 percent and margins expand

Commerce.com reported second quarter 2026 results highlighted by a second consecutive quarter of GAAP profitability despite stagnant top-line growth. While total revenue remained nearly flat at $84.5 million, the company achieved a turnaround in net income and saw a 14% increase in facilitated transaction volume. Management highlighted sequential improvements in retention and a continued focus on AI-driven commerce tools.

Key Highlights

• GAAP net income reached $1.1 million, a significant improvement from the $8.4 million loss reported in the same period last year.
• Gross Merchandise Volume (GMV) grew 14% to $8.8 billion, indicating healthy transaction activity on the platform despite slow subscription growth.
• Non-GAAP operating margin expanded to 9.6%, up from 5.7% in the prior year, reflecting more disciplined operational execution.
• Net Revenue Retention (NRR) improved to 95.8%, marking the third consecutive quarter of sequential recovery.