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SPS Commerce Inc (SPSC) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

TECHNOLOGY · SOFTWARE - APPLICATION · DATA UPDATED 2026-08-29

SPS Commerce Inc (SPSC) operates in the SOFTWARE - APPLICATION industry and is headquartered in Minneapolis, United States with about 2,948 employees. Its market capitalization is roughly $3 billion. In the fiscal year ended 2025-12-31, SPSC reported $752M in revenue and $93M in net income.

SPS Commerce, Inc. provides cloud-based supply chain management solutions in the United States. It offers solutions through SPS Commerce, a cloud-based platform that connects retailers, brands, distributors, manufacturers, and logistics providers, handling the complexity of modern commerce operations.

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SPSC Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-31
Total Revenue$773M$752M$638M$537M$451M$385M$313M$279M$248M$221M$193M$159M$128M$104M$77M$58M$45M$38M$31M$25M
Gross Profit$540M$520M$427M$355M$298M$254M$213M$187M$166M$147M$129M$108M$88M$73M$55M$43M$32M$26M$21M$19M
Gross Margin %69.9%69.2%67.0%66.1%66.0%65.8%68.1%67.0%67.1%66.6%66.7%68.4%68.7%69.6%71.4%73.5%71.7%69.0%70.0%74.7%
Operating Income (EBIT)$123M$118M$89M$77M$71M$55M$50M$38M$27M$8M$8M$7M$4M$2M$2M$1M$3M$2M($1M)($2M)
Operating Margin %15.9%15.7%13.9%14.4%15.8%14.3%16.0%13.8%10.8%3.8%3.9%4.4%3.4%1.7%2.0%2.0%6.8%5.0%-4.6%-7.2%
Net Income$79M$93M$77M$66M$55M$45M$46M$34M$24M($2M)$6M$5M$3M$1M$1M$14M$3M$1M($2M)($2M)
Net Margin %10.2%12.4%12.1%12.3%12.2%11.6%14.6%12.1%9.6%-1.1%2.9%2.9%2.1%1.0%1.6%23.6%6.5%3.1%-6.2%-8.6%
EBITDA$183M$177M$142M$111M$99M$78M$69M$55M$39M$22M$19M$17M$13M$10M$6M$4M$5M$3M$1M$0M
Earnings Per Share (EPS)$2.07$2.46$2.04$1.76$1.49$1.21$1.26$0.94$0.68$-0.07$0.17$0.14$0.08$0.03$0.04$0.54$0.12$0.06$-0.11$-0.11
Shares Outstanding (M)37M38M38M37M37M37M36M36M35M35M34M34M34M32M28M25M23M19M19M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

SPSC Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$198M$192M$193M$190M$187M$182M$171M$164M
Gross Profit$139M$133M$136M$132M$128M$125M$115M$112M
Gross Margin %70.2%69.2%70.4%69.5%68.1%68.7%67.5%68.5%
Operating Income (EBIT)$32M$25M$35M$31M$26M$26M$25M$26M
Operating Margin %16.1%12.8%18.0%16.4%14.1%14.3%14.5%15.6%
Net Income$7M$20M$26M$26M$20M$22M$18M$23M
Net Margin %3.5%10.3%13.4%13.5%10.5%12.2%10.3%14.3%
EBITDA$47M$40M$50M$46M$42M$42M$37M$40M
Earnings Per Share (EPS)$0.19$0.53$0.68$0.67$0.52$0.58$0.46$0.62
Shares Outstanding (M)37M37M38M38M38M38M38M38M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

SPSC Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-31
Cash from Operations (CFO)$229M$179M$157M$132M$100M$113M$89M$72M$55M$31M$19M$14M$17M$18M$7M$4M$5M$5M($1M)($1M)
Capital Expenditures (CapEx)$30M$27M$20M$20M$20M$20M$16M$14M$14M$7M$8M$9M$8M$6M$6M$3M$2M$1M$1M$1M
Free Cash Flow (FCF)$198M$152M$137M$113M$80M$93M$72M$58M$41M$24M$11M$6M$9M$13M$1M$2M$3M$4M($2M)($2M)
FCF Margin %25.6%20.3%21.5%21.0%17.8%24.2%23.1%20.8%16.6%10.8%5.6%3.6%7.2%12.0%1.1%3.3%7.1%11.0%-5.5%-7.6%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

SPSC Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$66M$56M$46M$61M$32M$40M$41M$53M
Capital Expenditures (CapEx)$9M$7M$8M$6M$7M$6M$6M$5M
Free Cash Flow (FCF)$57M$48M$38M$55M$26M$34M$34M$48M
FCF Margin %29.0%25.2%19.8%28.7%13.7%18.6%20.1%29.4%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

SPSC Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-31
Total Assets$1.1B$1.2B$1.0B$824M$673M$616M$526M$447M$386M$336M$298M$262M$244M$223M$159M$78M$58M$22M$19M$21M
Cash & Cash Equivalents$173M$151M$241M$219M$163M$208M$150M$179M$134M$123M$116M$122M$131M$131M$66M$32M$40M$6M$4M$5M
Total Liabilities$187M$196M$177M$156M$136M$132M$106M$93M$67M$59M$49M$40M$39M$31M$24M$18M$14M$82M$81M$81M
Total Debt (Short + Long-Term)$2M$4M$5M$4M$4M$4M$5M$4M$0M$0M$0M$0M$0M$0M$0M$0M$0M$3M$4M$3M
Total Shareholders' Equity$938M$974M$855M$667M$537M$484M$421M$355M$319M$277M$249M$222M$205M$193M$135M$60M$44M($60M)($62M)($60M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive SPSC viewer.

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