SPS Commerce, Inc. (SPSC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 192.12M | 192.65M | 189.9M | 187.4M | 181.55M | 170.91M | 163.69M | 153.6M | 149.58M | 144.97M | 135.66M | 130.42M | 125.87M | 122.02M | 114.49M | 109.18M | 105.19M | 102.76M | 97.89M | 94.54M |
| Revenue Growth % | 5.82% | 12.72% | 16.02% | 22.01% | 21.38% | 17.9% | 20.66% | 17.77% | 18.84% | 18.81% | 18.5% | 19.45% | 19.65% | 18.75% | 16.96% | 15.48% | 16.76% | 23.34% | 23.04% | 25.1% |
| Cost of Goods Sold | 59.22M | 66.54M | 57.93M | 59.83M | 56.91M | 55.59M | 51.62M | 56.86M | 55.83M | 54.04M | 45.52M | 44.54M | 42.96M | 41.54M | 38.6M | 37.53M | 35.39M | 35.63M | 34.34M | 31.73M |
| COGS % of Revenue | 30.82% | 34.54% | 30.51% | 31.92% | 31.35% | 32.52% | 31.54% | 37.02% | 37.32% | 37.28% | 33.55% | 34.16% | 34.13% | 34.04% | 33.72% | 34.38% | 33.64% | 34.68% | 35.08% | 33.56% |
| Gross Profit | 132.9M | 126.12M | 131.97M | 127.57M | 124.64M | 115.32M | 112.06M | 96.74M | 93.75M | 90.93M | 90.14M | 85.87M | 82.9M | 80.48M | 75.88M | 71.65M | 69.8M | 67.12M | 63.54M | 62.81M |
| Gross Margin % | 69.18% | 65.46% | 69.49% | 68.08% | 68.65% | 67.48% | 68.46% | 62.98% | 62.68% | 62.72% | 66.44% | 65.84% | 65.87% | 65.95% | 66.28% | 65.62% | 66.36% | 65.32% | 64.92% | 66.44% |
| Gross Profit Growth % | 6.63% | 9.36% | 17.77% | 31.88% | 32.94% | 26.83% | 24.32% | 12.65% | 13.08% | 12.99% | 18.79% | 19.85% | 18.77% | 19.9% | 19.41% | 14.07% | 16.1% | 19.04% | 16.57% | 22.56% |
| Operating Expenses | 99.03M | 91.43M | 100.78M | 101.1M | 98.68M | 90.58M | 86.49M | 73.57M | 78.35M | 68.04M | 69.54M | 68.84M | 66.17M | 61.46M | 56.19M | 55.68M | 53.29M | 51.75M | 50.02M | 49.28M |
| OpEx % of Revenue | 51.54% | 47.46% | 53.07% | 53.95% | 54.35% | 53% | 52.84% | 47.9% | 52.38% | 46.94% | 51.26% | 52.78% | 52.57% | 50.37% | 49.08% | 51% | 50.66% | 50.36% | 51.1% | 52.13% |
| Selling, General & Admin | 81.11M | 74.74M | 74.01M | 74.32M | 72.65M | 65.57M | 64.73M | 59.21M | 62.34M | 53.83M | 52.2M | 52.04M | 49.76M | 45.15M | 42.06M | 41.78M | 40.12M | 38.78M | 36.77M | 37.71M |
| SG&A % of Revenue | 42.22% | 38.79% | 38.97% | 39.66% | 40.02% | 38.37% | 39.54% | 38.55% | 41.68% | 37.13% | 38.47% | 39.9% | 39.53% | 37% | 36.74% | 38.27% | 38.14% | 37.74% | 37.56% | 39.89% |
| Research & Development | 17.92M | 16.69M | 17.28M | 17.27M | 17.44M | 17.14M | 15.29M | 14.37M | 16.01M | 14.22M | 13.56M | 13.32M | 12.56M | 12.48M | 11.13M | 11.43M | 10.7M | 10.58M | 10.85M | 8.9M |
| R&D % of Revenue | 9.33% | 8.67% | 9.1% | 9.22% | 9.61% | 10.03% | 9.34% | 9.35% | 10.7% | 9.81% | 9.99% | 10.21% | 9.98% | 10.23% | 9.73% | 10.47% | 10.17% | 10.3% | 11.09% | 9.41% |
| Other Operating Expenses | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 24.56M | 34.69M | 31.19M | 26.47M | 25.96M | 24.74M | 25.57M | 23.16M | 15.4M | 22.89M | 20.6M | 17.03M | 16.73M | 19.01M | 19.69M | 15.97M | 16.51M | 15.37M | 13.52M | 13.53M |
| Operating Margin % | 12.78% | 18% | 16.42% | 14.12% | 14.3% | 14.48% | 15.62% | 15.08% | 10.3% | 15.79% | 15.18% | 13.06% | 13.29% | 15.58% | 17.2% | 14.63% | 15.7% | 14.96% | 13.81% | 14.31% |
| Operating Income Growth % | -5.38% | 40.18% | 21.98% | 14.27% | 68.51% | 8.12% | 24.14% | 36% | -7.93% | 20.36% | 4.62% | 6.67% | 1.33% | 23.68% | 45.63% | 18.03% | 30.39% | 13.4% | -3.1% | 21.76% |
| EBITDA | 24.56M | 50.05M | 46.04M | 40.97M | 39.5M | 37.32M | 36.67M | 32.69M | 24.43M | 32.55M | 29.06M | 25.18M | 25.21M | 27.28M | 26.86M | 22.39M | 22.84M | 21.56M | 19.61M | 19.73M |
| EBITDA Margin % | 12.78% | 25.98% | 24.24% | 21.86% | 21.76% | 21.83% | 22.41% | 21.28% | 16.34% | 22.45% | 21.42% | 19.3% | 20.03% | 22.36% | 23.46% | 20.5% | 21.72% | 20.99% | 20.04% | 20.87% |
| EBITDA Growth % | -37.83% | 34.13% | 25.53% | 25.34% | 61.66% | 14.65% | 26.19% | 29.84% | -3.06% | 19.3% | 8.21% | 12.46% | 10.34% | 26.53% | 36.92% | 13.47% | 19.66% | 14.93% | 6.11% | 26.75% |
| D&A (Non-Cash Add-back) | 0 | 15.37M | 14.85M | 14.5M | 13.54M | 12.57M | 11.1M | 9.52M | 9.03M | 9.66M | 8.46M | 8.14M | 8.48M | 8.27M | 7.17M | 6.42M | 6.33M | 6.19M | 6.09M | 6.2M |
| EBIT | 0 | 35.98M | 32.45M | 26.47M | 25.96M | 24.74M | 25.57M | 23.16M | 15.4M | 22.89M | 20.6M | 17.03M | 16.73M | 19.01M | 19.69M | 15.97M | 16.51M | 15.37M | 13.52M | 13.53M |
| Net Interest Income | 0 | 0 | 1.08M | 688K | 1.85M | 2.21M | 2.7M | 2.79M | 2.88M | 1.01M | 2.63M | 1.61M | 0 | 0 | -109K | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 1.08M | 688K | 1.85M | 2.21M | 2.7M | 2.79M | 2.88M | 2.29M | 2.63M | 1.61M | 0 | 0 | 586K | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.28M | 0 | 0 | 0 | 0 | 695K | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 1.41M | 1.29M | 1.26M | 773K | 2.21M | -373K | 3.78M | 4.06M | 3.13M | 3.46M | 1.7M | 1.88M | 1.28M | 1.75M | -695K | -1.34M | 423K | -120K | -716K | -383K |
| Pretax Income | 25.96M | 35.98M | 32.45M | 27.24M | 28.16M | 24.37M | 29.35M | 27.22M | 18.54M | 26.34M | 22.3M | 18.91M | 18.01M | 20.77M | 19M | 14.63M | 16.93M | 15.25M | 12.8M | 13.15M |
| Pretax Margin % | 13.51% | 18.68% | 17.09% | 14.54% | 15.51% | 14.26% | 17.93% | 17.72% | 12.39% | 18.17% | 16.44% | 14.5% | 14.31% | 17.02% | 16.59% | 13.4% | 16.1% | 14.84% | 13.08% | 13.91% |
| Income Tax | 6.24M | 10.14M | 6.88M | 7.51M | 5.97M | 6.81M | 5.89M | 9.19M | 532K | 7.33M | 5.46M | 4.23M | 2.72M | 4.85M | 3.13M | 3.88M | 4.33M | 2.49M | 1.36M | 2.96M |
| Effective Tax Rate % | 24.01% | 28.18% | 21.21% | 27.57% | 21.19% | 27.95% | 20.07% | 33.76% | 2.87% | 27.83% | 24.48% | 22.38% | 15.09% | 23.36% | 16.49% | 26.5% | 25.57% | 16.31% | 10.59% | 22.54% |
| Net Income | 19.73M | 25.84M | 25.57M | 19.73M | 22.2M | 17.56M | 23.46M | 18.03M | 18M | 19.01M | 16.84M | 14.68M | 15.29M | 15.91M | 15.86M | 10.75M | 12.6M | 12.77M | 11.45M | 10.18M |
| Net Margin % | 10.27% | 13.41% | 13.46% | 10.53% | 12.23% | 10.27% | 14.33% | 11.74% | 12.04% | 13.11% | 12.41% | 11.26% | 12.15% | 13.04% | 13.86% | 9.85% | 11.98% | 12.42% | 11.7% | 10.77% |
| Net Income Growth % | -11.11% | 47.17% | 8.99% | 9.43% | 23.29% | -7.64% | 39.29% | 22.82% | 17.75% | 19.45% | 6.17% | 36.54% | 21.31% | 24.68% | 38.55% | 5.6% | 23.56% | -5.23% | 0.37% | -9.03% |
| Net Income (Continuing) | 19.73M | 25.84M | 25.57M | 19.73M | 22.2M | 17.56M | 23.46M | 18.03M | 18M | 19.01M | 16.84M | 14.68M | 15.29M | 15.91M | 15.86M | 10.75M | 12.6M | 12.77M | 11.45M | 10.18M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.53 | 0.68 | 0.67 | 0.52 | 0.58 | 0.46 | 0.62 | 0.48 | 0.48 | 0.51 | 0.45 | 0.39 | 0.41 | 0.43 | 0.43 | 0.29 | 0.34 | 0.34 | 0.31 | 0.28 |
| EPS Growth % | -8.62% | 47.83% | 8.06% | 8.33% | 20.83% | -9.8% | 37.78% | 23.08% | 17.07% | 18.6% | 4.65% | 34.48% | 20.59% | 26.47% | 38.71% | 3.57% | 21.43% | -8.11% | 0% | -9.68% |
| EPS (Basic) | 0.53 | 0.69 | 0.67 | 0.52 | 0.58 | 0.47 | 0.63 | 0.49 | 0.49 | 0.52 | 0.46 | 0.40 | 0.42 | 0.44 | 0.44 | 0.30 | 0.35 | 0.35 | 0.32 | 0.28 |
| Diluted Shares Outstanding | 37.44M | 37.76M | 37.99M | 38.1M | 38.16M | 37.86M | 38M | 37.68M | 37.69M | 37.64M | 37.58M | 37.43M | 37.16M | 36.97M | 36.91M | 36.86M | 36.99M | 37.15M | 37.02M | 36.75M |
| Basic Shares Outstanding | 37.38M | 37.71M | 37.9M | 37.97M | 37.99M | 37.65M | 37.45M | 37.08M | 37.05M | 36.83M | 36.73M | 36.59M | 36.43M | 36.16M | 36.09M | 36.09M | 36.14M | 36.09M | 35.96M | 35.9M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |