SPS Commerce, Inc. (SPSC) — Financial statements
Income statement, balance sheet, and cash flow for SPS Commerce, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 752↑17.8% | 638↑18.8% | 537↑19.1% | 451↑17.0% | 385 | |
| Cost of Revenue | 269↑27.6% | 211↑15.7% | 182↑18.9% | 153↑16.2% | 132 | |
| Gross Profit | 483↑13.0% | 427↑20.3% | 355↑19.2% | 298↑17.4% | 254 | |
| Operating Expenses | ||||||
| R&D Expenses | 69↑9.3% | 63↑17.1% | 54↑17.3% | 46↑17.2% | 39 | |
| General & Administrative Expenses | 127↑23.0% | 103↑21.3% | 85↑26.1% | 67↑9.8% | 61 | |
| Selling & Marketing Expenses | 169↑13.6% | 149↑21.1% | 123↑20.8% | 102↑15.6% | 88 | |
| SG&A Expenses | 296↑17.4% | 252↑21.2% | 208↑22.9% | 169↑13.2% | 149 | |
| Other Expenses | 0.00↓100.0% | 24↑45.9% | 16↑36.9% | 12↑16.2% | 10 | |
| Operating Expenses | 364↑7.8% | 338↑21.8% | 278↑22.5% | 227↑14.2% | 199 | |
| Total Costs & Expenses | 633↑15.4% | 549↑19.4% | 460↑21.1% | 380↑15.0% | 330 | |
| Operating Results | ||||||
| Operating Income | 118↑33.1% | 89↑15.1% | 77↑8.5% | 71↑29.2% | 55 | |
| Depreciation & Amortization | 58↑38.0% | 42↑21.5% | 35↑23.3% | 28↑13.1% | 25 | |
| EBITDA | 182↑38.9% | 131↑17.1% | 112↑12.7% | 99↑26.7% | 78 | |
| EBIT | 124↑39.3% | 89↑15.1% | 77↑8.3% | 71↑33.2% | 54 | |
| Interest & Other Income | ||||||
| Net Interest Income | 0.00↓100.0% | 11↑38.1% | 8 | 0.00↓100.0% | 0.28 | |
| Interest Income | 0.00↓100.0% | 11↑38.1% | 8 | 0.00↓100.0% | 0.28 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | -6 | 0.00 | 0.00↑100.0% | -0.14↓109.2% | 2 | |
| Other Income / Expenses | 6↓47.8% | 11↑27.4% | 8↑5755.6% | 0.14↑109.2% | -2 | |
| Income Before Tax | 124↑24.5% | 99↑16.3% | 86↑20.0% | 71↑33.2% | 54 | |
| Income Tax Expense | 30↑36.0% | 22↑13.6% | 20↑21.9% | 16↑81.0% | 9 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 93↑21.1% | 77↑17.1% | 66↑19.4% | 55↑23.6% | 45 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 93↑21.1% | 77↑17.1% | 66↑19.4% | 55↑23.6% | 45 | |
| Bottom-Line Net Income | 93↑21.1% | 77↑17.1% | 66↑19.4% | 55↑23.6% | 45 | |
| EPS (Basic) | 2.46↑18.8% | 2.07↑15.0% | 1.80↑17.6% | 1.53↑23.4% | 1.24 | |
| EPS (Diluted) | 2.46↑20.6% | 2.04↑15.9% | 1.76↑18.1% | 1.49↑23.1% | 1.21 | |
| Weighted Average Shares | 38↑1.5% | 37↑1.8% | 37↑1.5% | 36↑0.5% | 36 | |
| Weighted Average Diluted Shares | 38↑0.4% | 38↑1.0% | 37↑1.4% | 37↓0.0% | 37 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.