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
Research & Development	68.68	62.81	53.65	45.75	39.04
Amortization of Goodwill & Intangibles	37.17	23.51	16.12	11.77	10.13
Operating Expenses	401.57	338.17	277.59	226.63	198.51
Operating Income	118.3	88.88	77.25	71.18	55.09
Interest & Investment Income	-	10.58	7.66	1.67	0.28
Currency Exchange Gain (Loss)	-	-	-	-	-1.46
Other Non Operating Income (Expenses)	5.53	-0.1	-1.07	-0.5	-0.37
EBT Excluding Unusual Items	123.84	99.36	83.84	72.35	53.54
Gain (Loss) on Sale of Investments	-	0.12	1.73	-1.03	-
Pretax Income	123.84	99.48	85.56	71.32	53.54
Income Tax Expense	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 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%
Free Cash Flow 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%
D&A For EBITDA	58.26	42.23	34.75	28.19	24.91
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%	16.71%

Updated Feb 12, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q