SPS Commerce, Inc. (SPSC)

SPS Commerce Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	637.77	536.91	450.88	385.28	312.63
Revenue Growth (YoY)	18.78%	19.08%	17.03%	23.24%	12.00%
Cost of Revenue	210.71	182.07	153.07	131.68	99.84
Gross Profit	427.05	354.84	297.81	253.6	212.79
Selling, General & Admin	251.85	207.82	169.11	149.35	126.07
Research & Development	62.81	53.65	45.75	39.04	31.02
Operating Expenses	338.17	277.59	226.63	198.51	162.64
Operating Income	88.88	77.25	71.18	55.09	50.16
Interest & Investment Income	10.58	7.66	1.67	0.28	1.21
Currency Exchange Gain (Loss)	0.12	1.73	-1.03	-1.46	1.54
Other Non Operating Income (Expenses)	-0.1	-1.07	-0.5	-0.37	-0.35
EBT Excluding Unusual Items	99.48	85.56	71.32	53.54	52.56
Gain (Loss) on Sale of Investments	-	-	-	-	0.21
Other Unusual Items	-	-	-	-	-0.09
Pretax Income	99.48	85.56	71.32	53.54	52.68
Income Tax Expense	22.42	19.74	16.19	8.94	7.09
Net Income	77.05	65.82	55.13	44.6	45.59
Net Income to Common	77.05	65.82	55.13	44.6	45.59
Net Income Growth	17.06%	19.39%	23.63%	-2.17%	35.22%
Shares Outstanding (Basic)	37	37	36	36	35
Shares Outstanding (Diluted)	38	37	37	37	36
Shares Change (YoY)	1.02%	1.41%	-0.02%	1.87%	0.79%
EPS (Basic)	2.07	1.80	1.53	1.24	1.29
EPS (Diluted)	2.04	1.76	1.49	1.21	1.26
EPS Growth	15.91%	18.12%	23.14%	-3.97%	34.04%
Free Cash Flow	137.35	112.54	80.17	93.31	72.1
Free Cash Flow Per Share	3.63	3.00	2.17	2.52	1.99
Gross Margin	66.96%	66.09%	66.05%	65.82%	68.07%
Operating Margin	13.94%	14.39%	15.79%	14.30%	16.04%
Profit Margin	12.08%	12.26%	12.23%	11.58%	14.58%
Free Cash Flow Margin	21.54%	20.96%	17.78%	24.22%	23.06%
EBITDA	131.11	112	99.37	80	68.82
EBITDA Margin	20.56%	20.86%	22.04%	20.76%	22.01%
D&A For EBITDA	42.23	34.75	28.19	24.91	18.67
EBIT	88.88	77.25	71.18	55.09	50.16
EBIT Margin	13.94%	14.39%	15.79%	14.30%	16.04%
Effective Tax Rate	22.54%	23.07%	22.70%	16.71%	13.47%

Updated Feb 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q