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
Depreciation & Amortization Expenses	37.77	37.17	23.51	16.12	11.77	10.13
Research & Development	68.84	68.68	62.81	53.65	45.75	39.04
Other Operating Expenses	23.45	-	-	-	-	-
Total Operating Expenses	440.51	401.57	338.17	277.59	226.63	198.51
Operating Income	98.85	118.3	88.88	77.25	71.18	55.09
Total Non-Operating Income (Expense)	5.95	5.53	10.59	8.32	0.14	-1.54
Pretax Income	104.8	123.84	99.48	85.56	71.32	53.54
Provision for Income Taxes	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	-1.72%	0.36%	1.02%	1.41%	-0.02%	1.87%
EPS (Basic)	2.08	2.46	2.07	1.80	1.53	1.24
EPS (Diluted)	2.07	2.46	2.04	1.76	1.49	1.21
EPS Growth	-5.05%	20.59%	15.91%	18.12%	23.14%	-3.97%

Additional Metrics

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
Free Cash Flow	198.7	152.27	137.35	112.54	80.17	93.31
Free Cash Flow Growth	40.00%	10.86%	22.05%	40.37%	-14.07%	29.42%
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	12.80%	15.74%	13.94%	14.39%	15.79%	14.30%
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%
EBITDA	159.75	176.56	131.11	112	99.37	80
EBITDA Margin	20.68%	23.49%	20.56%	20.86%	22.04%	20.76%
EBIT	98.85	118.3	88.88	77.25	71.18	55.09
EBIT Margin	12.80%	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