SPS Commerce Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	762.08	751.51	637.77	536.91	450.88	385.28
Revenue Growth (YoY)	13.79%	17.83%	18.78%	19.08%	17.03%	23.24%
Cost of Revenue	233.93	231.63	210.71	182.07	153.07	131.68
Gross Profit	528.15	519.88	427.05	354.84	297.81	253.6
Selling, General & Admin	304.18	295.72	251.85	207.82	169.11	149.35
Depreciation & Amortization Expenses	37.9	37.17	23.51	16.12	11.77	10.13
Research & Development	69.16	68.68	62.81	53.65	45.75	39.04
Total Operating Expenses	411.24	401.57	338.17	277.59	226.63	198.51
Operating Income	116.91	118.3	88.88	77.25	71.18	55.09
Total Non-Operating Income (Expense)	4.73	5.53	10.59	8.32	0.14	-1.54
Pretax Income	121.64	123.84	99.48	85.56	71.32	53.54
Provision for Income Taxes	30.76	30.5	22.42	19.74	16.19	8.94
Net Income	90.87	93.34	77.05	65.82	55.13	44.6
Net Income to Common	90.87	93.34	77.05	65.82	55.13	44.6
Net Income Growth	11.85%	21.14%	17.06%	19.39%	23.63%	-2.17%
Shares Outstanding (Basic)	38	38	37	37	36	36
Shares Outstanding (Diluted)	38	38	38	37	37	37
Shares Change (YoY)	-0.45%	0.36%	1.02%	1.41%	-0.02%	1.87%
EPS (Basic)	2.41	2.46	2.07	1.80	1.53	1.24
EPS (Diluted)	2.40	2.46	2.04	1.76	1.49	1.21
EPS Growth	12.15%	20.59%	15.91%	18.12%	23.14%	-3.97%
Shares Outstanding	36.95	37.52	37.66	36.82	36.16	36.01
Free Cash Flow	166.92	152.27	137.35	112.54	80.17	93.31
Free Cash Flow Growth	9.63%	10.86%	22.05%	40.37%	-14.07%	29.42%
Free Cash Flow Per Share	4.41	4.01	3.63	3.00	2.17	2.52
Gross Margin	69.30%	69.18%	66.96%	66.09%	66.05%	65.82%
Operating Margin	15.34%	15.74%	13.94%	14.39%	15.79%	14.30%
Profit Margin	11.92%	12.42%	12.08%	12.26%	12.23%	11.58%
FCF Margin	21.90%	20.26%	21.54%	20.96%	17.78%	24.22%
EBITDA	176.77	176.56	131.11	112	99.37	80
EBITDA Margin	23.20%	23.49%	20.56%	20.86%	22.04%	20.76%
EBIT	116.91	118.3	88.88	77.25	71.18	55.09
EBIT Margin	15.34%	15.74%	13.94%	14.39%	15.79%	14.30%
Effective Tax Rate	25.29%	24.63%	22.54%	23.07%	22.70%	16.71%

SEC Filings: 10-K · 10-Q