SPS Commerce Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	751.51	637.77	536.91	450.88	385.28
Revenue Growth (YoY)	17.83%	18.78%	19.08%	17.03%	23.24%
Cost of Revenue	231.63	210.71	182.07	153.07	131.68
Gross Profit	519.88	427.05	354.84	297.81	253.6
Selling, General & Admin	295.72	251.85	207.82	169.11	149.35
Depreciation & Amortization Expenses	37.17	23.51	16.12	11.77	10.13
Research & Development	68.68	62.81	53.65	45.75	39.04
Total Operating Expenses	401.57	338.17	277.59	226.63	198.51
Operating Income	118.3	88.88	77.25	71.18	55.09
Total Non-Operating Income (Expense)	5.53	10.59	8.32	0.14	-1.54
Pretax Income	123.84	99.48	85.56	71.32	53.54
Provision for Income Taxes	30.5	22.42	19.74	16.19	8.94
Net Income	93.34	77.05	65.82	55.13	44.6
Net Income to Common	93.34	77.05	65.82	55.13	44.6
Net Income Growth	21.14%	17.06%	19.39%	23.63%	-2.17%
Shares Outstanding (Basic)	38	37	37	36	36
Shares Outstanding (Diluted)	38	38	37	37	37
Shares Change (YoY)	0.36%	1.02%	1.41%	-0.02%	1.87%
EPS (Basic)	2.46	2.07	1.80	1.53	1.24
EPS (Diluted)	2.46	2.04	1.76	1.49	1.21
EPS Growth	20.59%	15.91%	18.12%	23.14%	-3.97%
Free Cash Flow	152.27	137.35	112.54	80.17	93.31
Free Cash Flow Growth	10.86%	22.05%	40.37%	-14.07%	29.42%
Free Cash Flow Per Share	4.01	3.63	3.00	2.17	2.52
Gross Margin	69.18%	66.96%	66.09%	66.05%	65.82%
Operating Margin	15.74%	13.94%	14.39%	15.79%	14.30%
Profit Margin	12.42%	12.08%	12.26%	12.23%	11.58%
FCF Margin	20.26%	21.54%	20.96%	17.78%	24.22%
EBITDA	176.56	131.11	112	99.37	80
EBITDA Margin	23.49%	20.56%	20.86%	22.04%	20.76%
EBIT	118.3	88.88	77.25	71.18	55.09
EBIT Margin	15.74%	13.94%	14.39%	15.79%	14.30%
Effective Tax Rate	24.63%	22.54%	23.07%	22.70%	16.70%

Updated Feb 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q