Sps Commerce Inc (SPSC) financials
Sps Commerce revenue and earnings by year
Sps Commerce's revenue was $752 million in the fiscal year to December 31, 2025, up 17.8% from the year before. Net income was $93.3 million, 12.4% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 16.3% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 752 | 638 | 537 | 451 | 385 | 313 | 279 | 248 | 220 | 193 |
| Revenue growth | 17.8% | 18.8% | 19.1% | 17.0% | 23.2% | 12.0% | 12.4% | 12.8% | 13.9% | — |
| Gross profit | 520 | 427 | 355 | 298 | 254 | 213 | 187 | 166 | 146 | 129 |
| Gross margin | 69.2% | 67.0% | 66.1% | 66.1% | 65.8% | 68.1% | 67.0% | 67.1% | 66.5% | 66.7% |
| Operating income | 118 | 89 | 77 | 71 | 55 | 50 | 38 | 27 | 10 | 6 |
| Operating margin | 15.7% | 13.9% | 14.4% | 15.8% | 14.3% | 16.0% | 13.8% | 10.8% | 4.5% | 3.3% |
| Net income | 93 | 77 | 66 | 55 | 45 | 46 | 34 | 24 | 0 | 5 |
| Net margin | 12.4% | 12.1% | 12.3% | 12.2% | 11.6% | 14.6% | 12.1% | 9.6% | 0.2% | 2.6% |
| Diluted EPS | $2.46 | $2.04 | $1.76 | $1.49 | $1.21 | $1.26 | $0.93 | $0.68 | $0.01 | $0.16 |
| Free cash flow | 152 | 137 | 113 | 80 | 93 | 72 | 58 | 41 | 24 | 11 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open SPSC in Markets.
See also: SPSC valuation and P/E history · SPSC returns
No forecast, no recommendation. This page describes Sps Commerce Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.