SPS Commerce financials
$82.15+1.41%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $751.5M | $637.8M | $536.9M | $450.9M | $385.3M | $312.6M | $279.1M | $248.2M | $220.1M | $193.2M |
| Gross profit | $519.9M | $427.1M | $354.8M | $297.8M | $253.6M | $212.8M | $186.9M | $166.5M | $146.5M | $128.8M |
| Gross margin | 69.2% | 67.0% | 66.1% | 66.1% | 65.8% | 68.1% | 67.0% | 67.1% | 66.5% | 66.7% |
| Operating income | $118.3M | $88.9M | $77.2M | $71.2M | $55.1M | $50.2M | $38.4M | $26.6M | $10.0M | $6.4M |
| Net income | $93.3M | $77.1M | $65.8M | $55.1M | $44.6M | $45.6M | $33.7M | $23.9M | $351.0K | $5.0M |
| 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 | $0.94 | $0.68 | $0.01 | $0.14 |
| EBITDA | $176.6M | $131.1M | $112.0M | $99.4M | $80.0M | $68.8M | $54.8M | $39.4M | $21.8M | $17.7M |
| Operating cash flow | $178.8M | $157.4M | $132.3M | $100.1M | $112.9M | $88.6M | $72.2M | $54.9M | $31.1M | $19.9M |
| Free cash flow | $152.3M | $137.4M | $112.5M | $80.2M | $93.3M | $72.2M | $58.7M | $41.2M | $23.8M | $11.9M |
| Diluted shares | 38.0M | 37.9M | 37.5M | 37.0M | 37.0M | 36.3M | 36.0M | 35.2M | 34.7M | 34.5M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $151.4M | $241.0M | $219.1M | $162.9M | $207.6M | $149.7M |
| Short-term investments | $0.00 | $0.00 | $56.4M | $51.4M | $49.8M | $37.8M |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $1.17B | $1.03B | $823.8M | $672.9M | $615.8M | $526.5M |
| Total liabilities | $196.0M | $176.5M | $156.4M | $135.8M | $131.6M | $105.7M |
| Shareholders' equity | $973.9M | $854.7M | $667.5M | $537.1M | $484.3M | $420.7M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology