SPSC
SPS COMMERCE INC
NASDAQ · Technology · Software - Infrastructure · US
$87.00
+2.06%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 780.2M | 751.5M | 637.8M | 536.9M | 450.9M |
| Cost of Revenue | 232.3M | 231.6M | 210.7M | 182.1M | 153.1M |
| Gross Profit | 547.9M | 519.9M | 427.1M | 354.8M | 297.8M |
| Operating Expenses | |||||
| R&D Expense | 68.1M | 68.7M | 62.8M | 53.7M | 45.7M |
| SG&A Expense | 310.7M | 295.7M | 251.8M | 207.8M | 169.1M |
| General & Admin Expense | 136.8M | 126.6M | 102.9M | 84.9M | 67.3M |
| Selling & Marketing Expense | 173.9M | 169.1M | 148.9M | 122.9M | 101.8M |
| Other Expenses | 38.0M | 37.2M | 23.5M | 16.1M | 11.8M |
| Total Operating Expenses | 416.9M | 401.6M | 338.2M | 277.6M | 226.6M |
| Cost and Expenses | 649.2M | 633.2M | 548.9M | 459.7M | 379.7M |
| Operating Income (EBIT) | 131.0M | 118.3M | 88.9M | 77.2M | 71.2M |
| Non-Operating | |||||
| Interest Income | 1.6M | — | 10.6M | 7.7M | — |
| Interest Expense | — | — | — | — | — |
| Net Interest Income | 1.6M | — | 10.6M | 7.7M | — |
| Other Non-Op Income/Expense | (17.4M) | 5.5M | 10.6M | 8.3M | 142.0K |
| Non-Operating Income (excl Interest) | (1.4M) | — | (10.6M) | (8.3M) | (142.0K) |
| EBT (Pre-Tax Income) | 113.7M | 123.8M | 99.5M | 85.6M | 71.3M |
| Income Tax Expense | 30.5M | 30.5M | 22.4M | 19.7M | 16.2M |
| Bottom Line | |||||
| Net Income | 83.1M | 93.3M | 77.1M | 65.8M | 55.1M |
| Earnings from Cont. Ops | 83.1M | 93.3M | 77.1M | 65.8M | 55.1M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 83.1M | 93.3M | 77.1M | 65.8M | 55.1M |
| Per Share | |||||
| Basic EPS | $2.26 | $2.46 | $2.07 | $1.80 | $1.53 |
| Diluted EPS | $2.25 | $2.46 | $2.04 | $1.76 | $1.49 |
| Revenue Per Share | $21.73 | $19.84 | $17.10 | $14.65 | $12.48 |
| Shares | |||||
| Basic Shares Outstanding | 35.9M | 37.9M | 37.3M | 36.6M | 36.1M |
| Diluted Shares Outstanding | 36.2M | 38.0M | 37.9M | 37.5M | 37.0M |
| Profitability Metrics | |||||
| EBITDA | 194.3M | 176.6M | 141.7M | 120.3M | 99.4M |
| D&A | 61.9M | 58.3M | 42.2M | 34.7M | 28.2M |
| EBIT | 132.4M | 118.3M | 99.5M | 85.6M | 71.3M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026