Financials in USD. Standardized financial statements.
A compact view of how SPS Commerce, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $751.50M | $637.76M | $536.91M | $450.88M | $385.28M | $312.63M | $279.12M | $248.24M | $220.57M | $193.29M |
| Revenue Growth? | +17.8% | +18.8% | +19.1% | +17.0% | +23.2% | +12.0% | +12.4% | +12.5% | +14.1% | 0.0% |
| Cost of Revenue? | $268.80M | $210.71M | $182.07M | $153.06M | $131.68M | $99.84M | $92.24M | $81.75M | $73.63M | $64.35M |
| Gross Profit? | $482.71M | $427.05M | $354.84M | $297.81M | $253.60M | $212.79M | $186.88M | $166.49M | $146.94M | $128.95M |
| Gross Margin? | +64.2% | +67.0% | +66.1% | +66.1% | +65.8% | +68.1% | +67.0% | +67.1% | +66.6% | +66.7% |
| Operating Expenses? | $364.40M | $338.17M | $277.59M | $226.63M | $198.51M | $162.64M | $148.48M | $139.76M | $138.51M | $121.43M |
| Operating Income? | $118.30M | $88.88M | $77.25M | $71.18M | $55.09M | $50.16M | $38.41M | $26.73M | $8.43M | $7.52M |
| EBITDA? | $182.09M | $131.11M | $112.00M | $99.37M | $78.45M | $68.82M | $54.84M | $39.42M | $21.76M | $18.85M |
| Income Before Tax | $123.83M | $99.48M | $85.56M | $71.32M | $53.54M | $52.68M | $42.07M | $28.34M | $9.14M | $8.85M |
| Income Tax Expense | $30.50M | $22.42M | $19.74M | $16.19M | $8.94M | $7.09M | $8.36M | $4.47M | $11.58M | $3.14M |
| Net Income? | $93.34M | $77.05M | $65.82M | $55.13M | $44.60M | $45.59M | $33.71M | $23.87M | -$2.44M | $5.71M |
| EPS? | $2.46 | $2.07 | $1.80 | $1.53 | $1.24 | $1.29 | $0.96 | $0.69 | $-0.07 | $0.17 |
| Diluted EPS? | $2.46 | $2.04 | $1.76 | $1.49 | $1.21 | $1.26 | $0.94 | $0.68 | $-0.07 | $0.17 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality