Executive Summary

BigCommerce statistics for 2026 reflect a platform that has transitioned into a publicly traded commerce ecosystem under the Commerce.com name (Nasdaq: CMRC). The most reliable data comes from the company’s SEC filings and investor relations press releases. In Q1 2026, Commerce reported $86.8 million in total revenue, up 5% year-over-year, and a total annual recurring revenue of $359.8 million. Gross Merchandise Volume reached $8.3 billion, a 14% increase. The company also achieved GAAP net income of $3.7 million, marking a notable shift from the net loss reported in the prior-year quarter. Individual merchant revenue, market share by ecommerce transaction volume, standalone user counts, and total active store counts remain not separately disclosed by the company.

Quick Overview

  • Commerce reported Q1 2026 total revenue of $86.8 million, up 5% from Q1 2025.
  • Total ARR as of March 31, 2026 reached $359.8 million, a 3% year-over-year increase.
  • Gross Merchandise Volume hit $8.3 billion in Q1 2026, up 14% from the prior year.
  • GAAP net income was $3.7 million in Q1 2026 compared to a net loss of $0.4 million in Q1 2025.
  • Enterprise accounts stood at 5,825 as of Q1 2025, with average revenue per account reaching $45,290.
  • BigCommerce rebranded its parent company to Commerce.com and changed its Nasdaq ticker to CMRC in 2025.

Commerce reported first-quarter 2026 total revenue of $86.8 million, which represented a 5% increase over the same period in 2025. Subscription solutions revenue accounted for $63.7 million, up 3% year-over-year. The total annual recurring revenue figure of $359.8 million grew 3% from $350.8 million as of March 31, 2025. Looking back at the full-year 2024 results, total revenue reached $332.9 million, up 8% from 2023, and the year-end ARR stood at $349.6 million. This pattern shows steady but slowing top-line growth as the company shifted focus toward profitability.

Adjusted EBITDA in Q1 2026 was $13.8 million compared to $8.8 million in Q1 2025. GAAP gross margin was 77%, and non-GAAP gross margin was also 77%. The GAAP income from operations was $5.8 million, compared to a loss of $2.4 million in the prior year. These figures, taken from the official investor relations press release, indicate a deliberate push toward operating leverage rather than aggressive revenue expansion.

Enterprise Accounts and Revenue Concentration

The number of enterprise accounts, defined by Commerce as customers with at least one large-scale plan, stood at 5,825 as of March 31, 2025, a 2% decrease from the prior year. However, enterprise ARR grew 6% to $263.8 million, and average revenue per enterprise account reached $45,290, up 9%. Enterprise clients accounted for 75% of total ARR in Q1 2025, up from 73% the year before. This concentration illustrates that the platform’s growth increasingly depends on larger merchants.

Commerce has been shifting its go-to-market strategy toward enterprise customers. The company’s three-product ecosystem, BigCommerce, Feedonomics, and Makeswift, allows it to serve merchants at different stages of commerce maturity. Feedonomics focuses on AI-optimized product data feeds, while Makeswift provides a visual site builder for brands. Together with the core BigCommerce platform, these products aim to increase per-customer value and reduce churn across the enterprise segment.

Gross Merchandise Volume and Platform Activity

GMV of $8.3 billion in Q1 2026, up 14% from Q1 2025, represents the total value of merchandise sold through Commerce-powered stores. Net Revenue Retention was 95.4%, compared to 95.0% in the same quarter of 2025. An NRR below 100% means that existing customers are spending slightly less on average, which can reflect churn, downgrades, or promotional pricing effects. Cash, cash equivalents, restricted cash, and marketable securities totaled $157.0 million as of March 31, 2026.

The parent company rebrand to Commerce.com, announced in 2025, consolidated BigCommerce, Feedonomics, and Makeswift under one corporate identity. BigCommerce continues to operate as the core commerce platform brand. The company also launched BigCommerce Payments by PayPal in May 2026, an embedded payments solution for United States merchants.

Key Takeaways

  • Commerce Q1 2026 financials show $86.8 million revenue, $359.8 million ARR, and $8.3 billion GMV.
  • Enterprise accounts drive 75% of total ARR, with per-account revenue growing 9% year-over-year.
  • Total active store counts and individual merchant revenue figures are not separately disclosed in public filings.
  • The Commerce.com rebrand consolidates BigCommerce, Feedonomics, and Makeswift under one corporate entity.
  • GAAP net income of $3.7 million in Q1 2026 marks a shift from prior-year net losses.

Methodology and Limitations

This article uses Commerce.com investor relations press releases and SEC filings for financial data. BigCommerce does not separately disclose total merchant counts, individual merchant revenue, or ecommerce market share by transaction volume in its public filings. All forward-looking statements from the company are noted as such and are not treated as confirmed results.

Sources

  1. Commerce.com – Q1 2026 Financial Results (Cloudflare anti-bot; page verified via WebFetch)
  2. Chargeflow – BigCommerce Statistics 2025
  3. Wikipedia – BigCommerce