Commerce com : Q2'26 Earnings Presentation

About this update from Commerce.com, Inc. - Series 1

© Commerce. All rights reserved. Confidential. 2Q 2026 Earnings Presentation Meet Commerce © Commerce. All rights reserved. Confidential. Our vision Powering an open, intelligent ecosystem for next-generation commerce. Our mission © Commerce. All rights reserved. Confidential. We empower businesses to innovate, grow, and thrive by providing an open, AI-driven commerce ecosystem. We connect the tools and systems that power growth, enabling businesses to unlock the full potential of their data, deliver seamless and personalized experiences across every channel, and adapt swiftly to an ever-changing market. A NEW ERA OF AI-LED COMMERCE © Commerce. All rights reserved. Confidential. Solving the commerce problems of today. Powering the agents of tomorrow. Traditional commerce problems we solve Fragmented discovery and loss of buyer visibility Shoppers and buyers are using more channels than ever, making it harder for brands to be seen and to excite and track engagement across platforms. Slow digital adoption and outdated buying experiences Commerce helps manufacturers and distributors accelerate their digital maturity without heavy IT overhead. Complex, rigid tech stacks that can't move fast enough Commerce simplifies tech architectures with modular and industry-specific solutions without integration overhead, empowering and accelerating business teams. Agentic commerce challenges we solve AI search engines are skipping storefronts New requirements for visibility: To surface in AI-driven buying journeys (Perplexity, Microsoft Co-Pilot, Google Gemini), Commerce powers structured & unstructured product data, flexible storefronts, and extensible APIs for brands. Brands are losing control of the experience Our visual and modular stack helps brands create, control, and optimize experiences across every surface. AI agents will soon handle transactions Our architecture is ready for agentic commerce - enabling flexible APIs, Model Context Protocols (MCP), pricing logic, and real-time decisioning. Refer to the AI glossary on Slide 37. 5 OVERVIEW From product data to conversion: An end-to-end AI-optimized commerce stack. MAKESWIFT Storefront BigCommerce storefront Intelligent storefront FEEDONOMICS Agentic commerce Agentic search and discovery Agentic checkout BIGCOMMERCE Commerce engine B2C / B2B commerce Product catalog Orders Cart Promotions Personalization FEEDONOMICS Enrichment Platform agnostic intelligence Normalization Optimization Syndication Data orchestration © Commerce. All rights reserved. Confidential. 6 WHO WE SERVE $$$$ $$$ Agentic Search $$ $ © Commerce. All rights reserved. Confidential. Agentic Checkout B2C COMMERCE B2B OMNICHANNEL AGENTIC COMMERCE Medium complex operational needs Highly complex operational needs Extremely complex operational needs AI driven shopping h buying powered by agents 7 OVERVIEW © Commerce. All rights reserved. Confidential. Moving forward into the agentic era. OMNICHANNEL ERA COMPOSABLE ERA AGENTIC ERA Mid-Market Expansion Acquires Acquires Feedonomics B2B Ninja Acquires Makeswift Builds Catalyst AI Partnerships Commerce Family Platform Needs Data Needs Content Needs With API-centric architecture Leading data management platform Unifying B2B & B2C on single platform Composable visual editor Flexible integrated architecture Industry leading partnerships for data and payments to top agentic commerce platforms Announces brand family, unifying data, platform, and content needs for agentic AI future 8 OVERVIEW Non-GAAP Operating Income/(Loss)* $8M ($9M) 4Q22 2Q26 Non-GAAP Gross Margin* 76% 2Q26 $361M ARR Commerce at 6/30/2026. Operating Cash Flow* $5M ($3M) 4Q22 2Q26 © Commerce. All rights reserved. Confidential. 9 *See the Appendix to this presentation for a reconciliation of non-GAAP financial measures to their nearest GAAP equivalent. OVERVIEW © Commerce. All rights reserved. Confidential. Commerce: Built for businesses. Ready for agents. Data Enrich, structure, and syndicate product data to discovery platforms and agentic engines. Engine Power transactions with enterprise-grade B2C / B2B infrastructure. Experience Create AI-optimized, no-code customer journeys at the speed of change. Commerce gives businesses unmatched control over their product, data, and brand experience across both traditional and emerging digital channels. Where traditional and agentic commerce converge Only Commerce gives you the stack to compete - no matter who (or what) is doing the buying. In a world where search is changing, buying decisions are guided by AI, and commerce surfaces are fragmenting, businesses face a new imperative: be discoverable, be relevant, and be fast. 10 We power growth for leading brands across all industries. © Commerce. All rights reserved. Confidential. 11 POINT OF SALE PAYMENTS TAX PIM OMS © Commerce. All rights reserved. Confidential. A global ecosystem of best-of-breed partner solutions. AD CHANNELS AGENTIC SEARCH MARTECH MARKETPLACES CMS SALES AND MERCH CHECKOUT, FRAUD, LENDING ERP SHIPPING AND FULFILLMENT 90 + PREFERRED & ELITE PARTNERS INDUSTRY AND ANALYST AWARDS & ACCOLADES 2025 2025 2025 2024 AI readiness Strategic partnerships and integrations into Perplexity, Microsoft Co-Pilot, and Google Shopping. Trusted by users BigCommerce seen as trusted partner. Feedonomics seen as reliable, transparent, and easy to integrate. Best-in-class B2B capabilities 24 medals across Paradigm B2B Combine (MM & ENT). 1 in vision, modularity, ecosystem support, and customer fit. Top rated for B2B and automation BigCommerce praised for B2B features and pricing flexibility. Feedonomics for UI, automation, and support. © Commerce. All rights reserved. Confidential. 2024 2024 2024 2024 Execution and vision leadership Strong mid-market and enterprise execution. Vision aligned to emerging AI, B2B, and composable commerce trends. G2 grid leader in key performance BigCommerce top in ROI, ease of use, and multichannel. Feedonomics in catalog management and automation. Strong performer in B2C and B2B reports Second overall in B2C report. High scores for product vision, partner strategy, and commerce ecosystem readiness. Multichannel commerce leader Leader in B2C, B2B, and Headless commerce platforms. Scalable architecture, seamless integration and fast onboarding. Why we win. 14 © Commerce. All rights reserved. Confidential. Investment highlights. Multi-billion dollar TAM expansion Combines strengths across core commerce (BigCommerce), product syndication and AI channel distribution (Feedonomics), and low-code experience orchestration (Makeswift). Extends reach into marketplaces, retail media, agentic search, and personalization. Rebuilt to execute: SaaS veteran leadership, clear brand identity, GTM at scale Strong leadership, new GTM focus, and unified branding position. Commerce to lead in enterprise, B2B and AI-powered commerce. High gross margins, expanding cash flow, disciplined growth High gross margins, expanding profitability, and improving cash flow demonstrate a disciplined model built to scale efficiently. A unified platform - built for the AI era A differentiated, modular architecture that combines best-in-class commerce, feed management, and visual experience design - positioned for agentic commerce and the rise of AI-discovery platforms. High-quality relationships that scale Tens of thousands of customers, strategic alliances across Google, Microsoft, Meta, OpenAI, Perplexity, and a curated ISV and agency ecosystem. Market leadership in modern B2B commerce Commerce is cementing its leadership in mid-market and enterprise B2B ecommerce. Our capabilities address complex quoting, hierarchy, and integration needs, earning us the highest medal count in Paradigm B2B Combine for four years running. © Commerce. All rights reserved. Confidential. 15 WHY 12,000+ LEADING B2B BRANDS TRUST COMMERCE Manufacturers, distributors, and wholesalers look to Commerce to solve these business challenges: Accelerate growth and launch faster $20M+ Additional net revenue per year per 100 unique customers 13% Increase in AOV 19% Average increase in return on ad spend Streamline operations 24% More efficient sales teams 50% More productive digital platform managers 25% Quicker business transaction execution Lower overall technology costs 391% ROI in three years 7 months To positive ROI $10K+ IT cost avoidance per 1,000 customers © Commerce. All rights reserved. Confidential. 16 COMMERCE DIFFERENTIATION IN MARKET Why B2Bs choose Commerce: B2B functionality out-of-the-box Multi-company hierarchy Configure-price-quote Invoice portal And much more, supporting complex B2B workflows online, driving operational efficiency. Supporting enterprise B2B scale +17K Data feeds +30M Products +20M Product configurations Operational efficiency and scalability for diverse selling models. Driving business agility Composable-led architecture Flexible payments Multi-storefront Peace of mind, easier compliance, and a future-ready tech stack. © Commerce. All rights reserved. Confidential. 17 WHY LEADING B2C BRANDS TRUST COMMERCE B2C brands and retailers look to Commerce to solve these business challenges: Accelerate growth and launch faster 61.9% Average checkout conversion rate 65+ Leading payments providers 100% Google Lighthouse scores out-of-the-box Streamline operations $180k+ Average savings on integrations development 15% Average increase in channel revenue 19% Average increase in return on ad spend Lower overall technology costs 211% ROI in less than eight months $700k+ to cost savings by retiring legacy solution 90% developer time savings by year three © Commerce. All rights reserved. Confidential. 18 COMMERCE DIFFERENTIATION IN MARKET Why B2Cs choose Commerce: Customization capabilities Custom checkout and composable led architecture Real-time visual page editing Dynamic feed-based personalization Better conversion rates, flexible control and real-time data orchestration. Supports complex business models Multi-storefront and fiexible pricing Component-based site fiexibility Automated channel syndication Operational efficiency and scalability for diverse selling models. Unified ecommerce infrastructure Pre-integrated composable-led architecture Low-code visual development AI-optimized product data management Peace of mind, easier compliance, and a future-ready tech stack. © Commerce. All rights reserved. Confidential. 19 COMMERCE DIFFERENTIATION IN MARKET Why we win in the agentic commerce era: Discoverability in the AI era Structured and unstructured product data AI-optimized storefronts Extensible APIs and MCPs* Ensure visibility in Perplexity, Copilot, ChatGPT, Gemini and next-gen search surfaces. Merchant control and brand integrity Dynamic and customizable storefronts Own your data and representation Composable infrastructure Prevent disintermediation and maintain brand narrative across AI agents. Intelligent and agentic commerce Agentic search and checkout Syndicated data for AI consumption AI-personalized experiences Win at the edge: Real-time relevance, conversion, and competitive advantage. © Commerce. All rights reserved. Confidential. *MCP (Model Context Protocol): A framework for delivering structured, contextual product data to AI models, enabling accurate, real-time responses in agentic commerce experiences. 20 Attention : This is an excerpt of the original content. 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