SPS COMMERCE, INC. financials

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SPSC CIK 0001092699

Source: EDGAR filings · Built 2026-06-02T04:05:27Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 152.27M 137.35M 112.54M 80.17M 93.31M 72.09M
EBITDA 139.39M 107.60M 95.88M 87.60M 69.87M 63.28M
Working Capital 180.95M 235.22M 270.77M 212.17M 249.57M 191.22M
Net Debt -144.16M -228.55M -205.05M -145.61M -187.02M -127.22M
Gross Margin 69.18% 66.96% 66.09% 66.05% 65.82% 68.07%
Operating Margin 15.74% 13.94% 14.39% 15.79% 14.30% 16.04%
Net Margin 12.42% 12.08% 12.26% 12.23% 11.58% 14.58%
Return on Equity (ROE) 9.58% 9.02% 9.86% 10.27% 9.21% 10.84%
Return on Assets (ROA) 7.98% 7.47% 7.99% 8.19% 7.24% 8.66%
Current Ratio 2.17× 2.60× 3.07× 2.92× 3.43× 3.39×
Debt-to-Equity 0.01× 0.01× 0.02× 0.03× 0.04× 0.05×
Effective Tax Rate 24.63% 22.54% 23.07% 22.70% 16.70% 13.47%
Cash Conversion Ratio 1.92× 2.04× 2.01× 1.81× 2.53× 1.94×
Accruals Ratio -0.07× -0.08× -0.08× -0.07× -0.11× -0.08×
SBC % of Revenue 7.15% 8.55% 8.48% 7.41% 7.16% 6.06%
CapEx Coverage 6.74× 7.85× 6.69× 5.03× 5.76× 5.38×
Free Cash Flow Per Share $4.01 $3.63 $3.00 $2.17 $2.52 $1.99

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 36.23× 90.19× 110.14× 86.19× 117.64× 86.18×
P/FCF 22.24× 50.71× 64.55× 59.20× 56.39× 54.65×
FCF Yield 4.50% 1.97% 1.55% 1.69% 1.77% 1.83%
EV / EBITDA 22.95× 62.27× 72.30× 51.35× 70.68× 58.88×
P/S 4.45× 10.87× 13.29× 10.30× 13.30× 12.33×
P/B 3.43× 8.11× 10.69× 8.65× 10.59× 9.16×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 751.50M 637.76M 536.91M 450.88M 385.28M 312.63M
Cost of Revenue 231.63M 210.71M 182.07M 153.06M 131.68M 99.84M
Gross Profit 519.88M 427.05M 354.84M 297.81M 253.60M 212.79M
Research and Development Expense 68.68M 62.81M 53.65M 45.75M 39.04M 31.02M
Operating Expenses 401.57M 338.17M 277.59M 226.63M 198.51M 162.64M
Operating Income (Loss) 118.30M 88.88M 77.25M 71.18M 55.09M 50.16M
Income Tax Expense (Benefit) 30.50M 22.42M 19.74M 16.19M 8.94M 7.09M
Net Income (Loss) Attributable to Parent 93.34M 77.05M 65.82M 55.13M 44.60M 45.59M
Earnings Per Share, Basic $2.46 $2.07 $1.80 $1.53 $1.24 $1.29
Weighted Average Number of Shares Outstanding, Basic 37.88M 37.31M 36.65M 36.12M 35.93M 35.23M
Earnings Per Share, Diluted $2.46 $2.04 $1.76 $1.49 $1.21 $1.26
Weighted Average Number of Shares Outstanding, Diluted 37.99M 37.86M 37.48M 36.95M 36.96M 36.28M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 151.35M 241.02M 219.08M 162.89M 207.55M 149.69M
Assets, Current 335.30M 381.91M 401.44M 322.81M 352.44M 271.36M
Assets 1.17B 1.03B 823.84M 672.91M 615.85M 526.46M
Liabilities, Current 154.35M 146.68M 130.67M 110.64M 102.87M 80.13M
Liabilities 195.97M 176.54M 156.37M 135.84M 131.59M 105.74M
Stockholders' Equity Attributable to Parent 973.89M 854.69M 667.48M 537.07M 484.26M 420.72M
Common Stock, Shares, Outstanding 37.52M 37.66M 36.82M 36.16M 36.01M 35.49M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 178.79M 157.40M 132.30M 100.05M 112.89M 88.56M
Payments to Acquire Property, Plant, and Equipment 26.52M 20.05M 19.76M 19.88M 19.59M 16.47M
Net Cash Provided by (Used in) Investing Activities -169.15M -110.45M -92.64M -112.79M -46.70M -120.47M
Payments for Repurchase of Common Stock 114.28M 37.57M 0 43.22M 20.43M 18.95M
Net Cash Provided by (Used in) Financing Activities -100.83M -23.03M 15.97M -31.63M -8.36M 2.33M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (SPSC CIK 0001092699), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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