SPS Commerce Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	772.49	751.51	637.77	536.91	450.88	385.28
Revenue Growth	9.80%	17.83%	18.78%	19.08%	17.03%	23.24%
Cost of Revenue	233.13	231.63	210.71	182.07	153.07	131.68
Gross Profit	539.36	519.88	427.05	354.84	297.81	253.6
Selling, General & Admin	310.44	295.72	251.85	207.82	169.11	149.35
Research & Development	68.84	68.68	62.81	53.65	45.75	39.04
Amortization of Goodwill & Intangibles	37.77	37.17	23.51	16.12	11.77	10.13
Operating Expenses	417.06	401.57	338.17	277.59	226.63	198.51
Operating Income	122.3	118.3	88.88	77.25	71.18	55.09
Interest & Investment Income	4.47	4.65	10.58	7.66	1.67	0.28
Currency Exchange Gain (Loss)	-	-	-	-	-	-1.46
Other Non Operating Income (Expenses)	1.04	0.5	-0.1	-1.07	-0.5	-0.37
EBT Excluding Unusual Items	127.82	123.45	99.36	83.84	72.35	53.54
Gain (Loss) on Sale of Investments	0.44	0.39	0.12	1.73	-1.03	-
Pretax Income	104.8	123.84	99.48	85.56	71.32	53.54
Income Tax Expense	26.8	30.5	22.42	19.74	16.19	8.94
Net Income	78	93.34	77.05	65.82	55.13	44.6
Net Income to Common	78	93.34	77.05	65.82	55.13	44.6
Net Income Growth	-5.96%	21.14%	17.06%	19.39%	23.63%	-2.17%
Shares Outstanding (Basic)	37	38	37	37	36	36
Shares Outstanding (Diluted)	37	38	38	37	37	37
Shares Change	-1.68%	0.36%	1.02%	1.41%	-0.02%	1.87%
EPS (Basic)	2.09	2.46	2.07	1.80	1.53	1.24
EPS (Diluted)	2.09	2.46	2.04	1.76	1.49	1.21
EPS Growth	-4.23%	20.59%	15.91%	18.12%	23.14%	-3.97%
Free Cash Flow	198.7	152.27	137.35	112.54	80.17	93.31
Free Cash Flow Per Share	5.31	4.01	3.63	3.00	2.17	2.52
Gross Margin	69.82%	69.18%	66.96%	66.09%	66.05%	65.82%
Operating Margin	15.83%	15.74%	13.94%	14.39%	15.79%	14.30%
Profit Margin	10.10%	12.42%	12.08%	12.26%	12.23%	11.58%
Free Cash Flow Margin	25.72%	20.26%	21.54%	20.96%	17.78%	24.22%
EBITDA	183.2	176.56	131.11	112	99.37	80
EBITDA Margin	23.71%	23.49%	20.56%	20.86%	22.04%	20.76%
D&A For EBITDA	60.9	58.26	42.23	34.75	28.19	24.91
EBIT	122.3	118.3	88.88	77.25	71.18	55.09
EBIT Margin	15.83%	15.74%	13.94%	14.39%	15.79%	14.30%
Effective Tax Rate	25.57%	24.63%	22.54%	23.07%	22.70%	16.71%

SEC Filings: 10-K · 10-Q