SPS Commerce, Inc.

SPS Commerce, Inc.

SPSCยทNASDAQ

$57.80

-6.9%
TechnologySoftware - Infrastructure

SPS Commerce, Inc. provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships. The company also provides Fulfillment solution that provides fulfillment automation and replaces or augments an organization's existing staff and trading partner electronic communication infrastructure by enabling easy compliance with retailers' rulebooks, automatic, and digital exchange of information among numerous trading partners through various protocols, and greater visibility into the journey of an order; and Analytics solution, which consists of data analytics applications that enables customers to enhance their visibility across supply chains through greater analytics capabilities. In addition, it offers various complimentary products, such as assortment product, which enables accurate order management and rapid fulfillment; and community product that accelerates vendor onboarding and ensures trading partner adoption of new supply chain requirements. The company was formerly known as St. Paul Software, Inc. and changed its name to SPS Commerce, Inc. in May 2001. SPS Commerce, Inc. was incorporated in 1987 and is headquartered in Minneapolis, Minnesota.

At a Glance

Live Snapshot
Market Cap$2.12B
EPS2.4600
P/E Ratio36.17
Earnings Date07/29/2026
3Y+67.0%
5Y+140.0%
10Y+289.0%
3Y+69.0%
5Y+105.0%
10Y+1535.0%
3Y+79.0%
5Y+102.0%
10Y+853.0%
SPS Commerce, Inc.

SPS Commerce, Inc. Profit Bridge

SPSC ยท NASDAQ
Revenue751.50M
Cost of Goods Sold (268.80M)
Gross Profit482.71M
Operating Expenses (364.40M)
Operating Income118.30M
Interest Expense (0.00)
Other Income/Expense5.53M
Pretax Income123.83M
Income Tax (30.50M)
Net Income93.34M
Net Income
93.34M

Profitability Analysis

Gross Margin

64.2%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

15.7%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

12.4%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

24.6%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

SPS Commerce, Inc. Income Statement

SPSC โ€ข NASDAQ

SPS Commerce, Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007
REVENUE
751.5M
637.8M
536.9M
450.9M
385.3M
312.6M
279.1M
248.2M
220.6M
193.3M
158.5M
127.9M
104.4M
77.1M
58M
44.6M
37.7M
30.7M
25.2M
GROSS PROFIT
(268.8M)
(210.7M)
(182.1M)
(153.1M)
(131.7M)
(99.8M)
(92.2M)
(81.7M)
(73.6M)
(64.3M)
(50M)
(40M)
(31.8M)
(22M)
(15.4M)
(12.6M)
(11.7M)
(9.2M)
(6.4M)
482.7M
427.1M
354.8M
297.8M
253.6M
212.8M
186.9M
166.5M
146.9M
128.9M
108.5M
88M
72.6M
55.1M
42.6M
32M
26M
21.5M
18.8M
OPERATING INCOME
(364.4M)
(338.2M)
(277.6M)
(226.6M)
(198.5M)
(162.6M)
(148.5M)
(139.8M)
(138.5M)
(121.4M)
(101.5M)
(83.6M)
(70.8M)
(53.5M)
(41.5M)
(28.9M)
(24.2M)
(22.9M)
(20.6M)
(295.7M)
(251.8M)
(207.8M)
(169.1M)
(149.3M)
(126.1M)
(114.9M)
(113.6M)
(110.8M)
(94.7M)
(80.2M)
(67.2M)
(56.8M)
(43.6M)
(35M)
(24.6M)
(19.8M)
(19.3M)
(17.1M)
(68.7M)
(62.8M)
(53.7M)
(45.7M)
(39M)
(31M)
(28.3M)
(22.1M)
(23.2M)
(22M)
(18M)
(13.5M)
(10.9M)
(8.2M)
(5.8M)
(4.3M)
(4.3M)
(3.6M)
(3.5M)
118.3M
88.9M
77.2M
71.2M
55.1M
50.2M
38.4M
26.7M
8.4M
7.5M
7M
4.4M
1.8M
1.6M
1.1M
3M
1.9M
-1.4M
-1.8M
PRE-TAX INCOME
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(27K)
(0.0)
(74K)
(270K)
(419K)
(439K)
0.0
10.6M
7.7M
0.0
278K
1.1M
2.9M
2.3M
1M
601K
197K
187K
112K
19K
89K
84K
-270K
-419K
-439K
(0.0)
(23.5M)
(16.1M)
(11.8M)
(10.1M)
(5.5M)
(5.3M)
-720K
-320K
(732K)
-145K
-458K
-147K
-248K
(643K)
(0.0)
(0.0)
(0.0)
(0.0)
5.5M
10.6M
8.3M
142K
-1.5M
2.5M
3.7M
1.6M
712K
1.3M
52K
-271K
-35K
-229K
-51K
-60K
-628K
-391K
-319K
123.8M
99.5M
85.6M
71.3M
53.5M
52.7M
42.1M
28.3M
9.1M
8.9M
7.1M
4.1M
1.7M
1.3M
1.1M
3M
1.3M
-1.8M
-2.1M
NET INCOME
(30.5M)
(22.4M)
(19.7M)
(16.2M)
(8.9M)
(7.1M)
(8.4M)
(4.5M)
(11.6M)
(3.1M)
(2.4M)
(1.4M)
(686K)
(121K)
-12.6M
(92K)
(91K)
(94K)
(16K)
93.3M
77.1M
65.8M
55.1M
44.6M
45.6M
33.7M
23.9M
-2.4M
5.7M
4.6M
2.7M
1.1M
1.2M
13.7M
2.9M
1.2M
-1.9M
-2.2M

SEC Filings

SPSC - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 28, 2026
May 28, 2026
2026
8-K

8-K 2026

N/A

May 21, 2026
May 20, 2026
2026
10-Q

10-Q 2026 Q1

Q1

April 30, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 30, 2026
April 30, 2026
2026
DEF 14A

DEF 14A 2025

N/A

April 14, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

April 14, 2026
April 10, 2026
2026
10-K

10-K 2025 FY

FY

February 19, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 12, 2026
February 12, 2026
2026
8-K

8-K 2026

N/A

February 12, 2026
February 10, 2026
2026
8-K

8-K 2025

N/A

October 30, 2025
October 29, 2025
2025
Showing 1 to 10 of 230 filings