SPS Commerce Inc income statement

In fiscal 2025, SPS Commerce Inc reported revenue of $752m, up 17.8% on the year before, operating income of $118m (a 15.7% margin) and net income of $93.3m, or $2.46 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

SPS Commerce Inc: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	38	45	58	77	104	128	159	193	221	248	279	313	385	451	537	638	752	780
Cost of revenue	12	13	15	22	32	40	50	64	74	82	92	100	132	153	182	211	232	232
Gross profit	26	32	43	55	73	88	108	129	146	166	187	213	254	298	355	427	520	548
Research and development	4	4	6	8	11	13	18	22	23	22	28	31	39	46	54	63	69	68
Selling and marketing	14	17	24	30	40	47	55	67	71	72	70	76	88	102	123	149	169	174
General and administrative	6	8	11	14	17	20	25	29	37	42	45	50	61	67	85	103	127	137
Operating income	2	3	1	2	2	4	7	6	10	27	38	50	55	71	77	89	118	108
Interest expense	0	0	0	0	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net interest income	—	—	—	—	0	0	0	1	1	2	3	1	—	—	—	—	—	—
Income before tax	1	3	1	1	2	4	7	8	11	28	42	53	54	71	86	99	124	114
Income tax	0	0	−13	0	1	1	2	3	10	4	8	7	9	16	20	22	30	31
Net income	1	3	14	1	1	3	5	5	0	24	34	46	45	55	66	77	93	83
Diluted EPS	$0.07	$0.13	$0.54	$0.04	$0.04	$0.08	$0.14	$0.14	$0.01	$0.68	$0.94	$1.26	$1.21	$1.49	$1.76	$2.04	$2.46	$2.25
Diluted shares (average)	19m	23m	25m	28m	32m	34m	34m	34m	35m	35m	36m	36m	37m	37m	37m	38m	38m	37m
EBITDA	3	5	3	5	7	10	13	13	17	35	50	63	70	88	96	108	139	131

US$ millions unless shown otherwise. Fiscal quarters.

SPS Commerce Inc: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	171	182	187	190	193	192	198	198
Cost of revenue	56	57	60	58	57	59	59	57
Gross profit	115	125	128	132	136	133	139	141
Research and development	17	17	17	17	17	18	17	17
Selling and marketing	39	42	43	42	42	45	44	43
General and administrative	26	31	31	32	33	36	37	31
Operating income	25	26	26	31	35	25	8	40
Income before tax	24	28	27	32	36	26	10	41
Income tax	7	6	8	7	10	6	4	11
Net income	18	22	20	26	26	20	7	31
Diluted EPS	$0.47	$0.58	$0.52	$0.67	$0.69	$0.53	$0.19	$0.85
EBITDA	29	31	31	37	40	30	15	46

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from SPS Commerce Inc's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to SPS Commerce Inc.