SPS Commerce, Inc. (SPSC)

SPS Commerce Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	703.54	637.77	536.91	450.88	385.28	312.63
Revenue Growth (YoY)	20.51%	18.78%	19.08%	17.03%	23.24%	12.00%
Cost of Revenue	223.95	210.71	182.07	153.07	131.68	99.84
Gross Profit	479.59	427.05	354.84	297.81	253.6	212.79
Selling, General & Admin	277.28	251.85	207.82	169.11	149.35	126.07
Research & Development	67.14	62.81	53.65	45.75	39.04	31.02
Operating Expenses	376.85	338.17	277.59	226.63	198.51	162.64
Operating Income	102.74	88.88	77.25	71.18	55.09	50.16
Interest & Investment Income	7.45	10.58	7.66	1.67	0.28	1.21
Currency Exchange Gain (Loss)	-	-	-	-	-1.46	1.54
Other Non Operating Income (Expenses)	-0.09	-0.1	-1.07	-0.5	-0.37	-0.35
EBT Excluding Unusual Items	110.1	99.36	83.84	72.35	53.54	52.56
Gain (Loss) on Sale of Investments	-0.97	0.12	1.73	-1.03	-	0.21
Other Unusual Items	-	-	-	-	-	-0.09
Pretax Income	109.13	99.48	85.56	71.32	53.54	52.68
Income Tax Expense	26.18	22.42	19.74	16.19	8.94	7.09
Net Income	82.95	77.05	65.82	55.13	44.6	45.59
Net Income to Common	82.95	77.05	65.82	55.13	44.6	45.59
Net Income Growth	15.38%	17.06%	19.39%	23.63%	-2.17%	35.22%
Shares Outstanding (Basic)	38	37	37	36	36	35
Shares Outstanding (Diluted)	38	38	37	37	37	36
Shares Change (YoY)	1.12%	1.02%	1.41%	-0.02%	1.87%	0.79%
EPS (Basic)	2.20	2.07	1.80	1.53	1.24	1.29
EPS (Diluted)	2.18	2.04	1.76	1.49	1.21	1.26
EPS Growth	13.55%	15.91%	18.12%	23.14%	-3.97%	34.04%
Free Cash Flow	141.93	137.35	112.54	80.17	93.31	72.1
Free Cash Flow Per Share	3.73	3.63	3.00	2.17	2.52	1.99
Gross Margin	68.17%	66.96%	66.09%	66.05%	65.82%	68.07%
Operating Margin	14.60%	13.94%	14.39%	15.79%	14.30%	16.04%
Profit Margin	11.79%	12.08%	12.26%	12.23%	11.58%	14.58%
Free Cash Flow Margin	20.17%	21.54%	20.96%	17.78%	24.22%	23.06%
EBITDA	154.46	131.11	112	99.37	80	68.82
EBITDA Margin	21.95%	20.56%	20.86%	22.04%	20.76%	22.01%
D&A For EBITDA	51.72	42.23	34.75	28.19	24.91	18.67
EBIT	102.74	88.88	77.25	71.18	55.09	50.16
EBIT Margin	14.60%	13.94%	14.39%	15.79%	14.30%	16.04%
Effective Tax Rate	23.99%	22.54%	23.07%	22.70%	16.71%	13.47%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q