SPS Commerce, Inc. (SPSC)

SPS Commerce Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	669.74	637.77	536.91	450.88	385.28	312.63
Revenue Growth (YoY)	19.46%	18.78%	19.08%	17.03%	23.24%	12.00%
Cost of Revenue	216.14	210.71	182.07	153.07	131.68	99.84
Gross Profit	453.6	427.05	354.84	297.81	253.6	212.79
Selling, General & Admin	262.16	251.85	207.82	169.11	149.35	126.07
Research & Development	64.24	62.81	53.65	45.75	39.04	31.02
Operating Expenses	354.16	338.17	277.59	226.63	198.51	162.64
Operating Income	99.44	88.88	77.25	71.18	55.09	50.16
Interest & Investment Income	9.55	10.58	7.66	1.67	0.28	1.21
Currency Exchange Gain (Loss)	-	-	-	-	-1.46	1.54
Other Non Operating Income (Expenses)	-0.06	-0.1	-1.07	-0.5	-0.37	-0.35
EBT Excluding Unusual Items	108.93	99.36	83.84	72.35	53.54	52.56
Gain (Loss) on Sale of Investments	0.18	0.12	1.73	-1.03	-	0.21
Other Unusual Items	-	-	-	-	-	-0.09
Pretax Income	109.1	99.48	85.56	71.32	53.54	52.68
Income Tax Expense	27.86	22.42	19.74	16.19	8.94	7.09
Net Income	81.25	77.05	65.82	55.13	44.6	45.59
Net Income to Common	81.25	77.05	65.82	55.13	44.6	45.59
Net Income Growth	18.54%	17.06%	19.39%	23.63%	-2.17%	35.22%
Shares Outstanding (Basic)	38	37	37	36	36	35
Shares Outstanding (Diluted)	38	38	37	37	37	36
Shares Change (YoY)	0.98%	1.02%	1.41%	-0.02%	1.87%	0.79%
EPS (Basic)	2.16	2.07	1.80	1.53	1.24	1.29
EPS (Diluted)	2.14	2.04	1.76	1.49	1.21	1.26
EPS Growth	16.96%	15.91%	18.12%	23.14%	-3.97%	34.04%
Free Cash Flow	140.65	137.35	112.54	80.17	93.31	72.1
Free Cash Flow Per Share	3.70	3.63	3.00	2.17	2.52	1.99
Gross Margin	67.73%	66.96%	66.09%	66.05%	65.82%	68.07%
Operating Margin	14.85%	13.94%	14.39%	15.79%	14.30%	16.04%
Profit Margin	12.13%	12.08%	12.26%	12.23%	11.58%	14.58%
Free Cash Flow Margin	21.00%	21.54%	20.96%	17.78%	24.22%	23.06%
EBITDA	146.18	131.11	112	99.37	80	68.82
EBITDA Margin	21.83%	20.56%	20.86%	22.04%	20.76%	22.01%
D&A For EBITDA	46.74	42.23	34.75	28.19	24.91	18.67
EBIT	99.44	88.88	77.25	71.18	55.09	50.16
EBIT Margin	14.85%	13.94%	14.39%	15.79%	14.30%	16.04%
Effective Tax Rate	25.53%	22.54%	23.07%	22.70%	16.71%	13.47%

Updated Apr 24, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q