SPS Commerce, Inc. (SPSC)
NASDAQ: SPSC · Real-Time Price · USD
74.25
-1.29 (-1.71%)
Aug 4, 2026, 4:00 PM EDT - Market closed

SPS Commerce Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
772.49751.51637.77536.91450.88385.28
Revenue Growth
9.80%17.83%18.78%19.08%17.03%23.24%
Gross Profit
539.36519.88427.05354.84297.81253.6
Operating Income
98.85118.388.8877.2571.1855.09
Net Income
7893.3477.0565.8255.1344.6
Earnings Per Share
2.072.462.041.761.491.21
EPS Growth
-5.05%20.59%15.91%18.12%23.14%-3.97%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Fulfillment
660.31637.65523.7436.7364.15306.85
Analytics
56.6456.0255.7251.746.8942.67
Other Recurring
24.5124.3120.6713.618.015.48
One-Time
31.0333.5337.6834.931.8330.27
Revenue (Total)
772.49751.51637.77536.91450.88385.28

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
173.17151.36241.02275.44214.31257.31
Total Debt
6.317.1912.4714.0317.2920.53
Net Cash (Debt)
166.86144.16228.55261.41197.02236.78
Net Cash Growth
72.37%-36.92%-12.57%32.68%-16.79%43.49%
Net Cash Per Share
4.463.796.046.985.336.41

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
228.14178.79157.4132.3100.05112.89
Capital Expenditures
-29.45-26.52-20.05-19.76-19.88-19.59
Free Cash Flow
198.7152.27137.35112.5480.1793.31
Free Cash Flow Growth
40.00%10.86%22.05%40.37%-14.07%29.42%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
69.82%69.18%66.96%66.09%66.05%65.82%
Operating Margin
12.80%15.74%13.94%14.39%15.79%14.30%
Pretax Margin
13.57%16.48%15.60%15.94%15.82%13.90%
Profit Margin
10.10%12.42%12.08%12.26%12.23%11.58%
FCF Margin
25.72%20.26%21.54%20.96%17.78%24.22%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
35.5736.2390.19110.1486.19117.65
Forward PE
14.5820.4749.1064.1554.8374.79
P/FCF Ratio
13.4521.9650.4563.4257.9254.94
PS Ratio
3.464.4510.8713.2910.3013.30