SPS Commerce, Inc. (SPSC) Earnings History
Annual and quarterly earnings data from 2007 to 2025
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SPSC EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
SPSC Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 64.2% | 15.7% | 12.4% |
| 2024 | 67.0% | 13.9% | 12.1% |
| 2023 | 66.1% | 14.4% | 12.3% |
| 2022 | 66.1% | 15.8% | 12.2% |
| 2021 | 65.8% | 14.3% | 11.6% |
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SPS Commerce, Inc. (SPSC) Earnings Overview
As of May 8, 2026, SPS Commerce, Inc. (SPSC) reported trailing twelve-month net income of $91M, reflecting +20.6% year-over-year growth. The company earned $2.43 per diluted share over the past four quarters, with a net profit margin of 12.4%.
Looking at the long-term picture, SPSC's 5-year EPS compound annual growth rate (CAGR) stands at +14.3%, showing solid earnings momentum. The company achieved its highest annual net income of $93M in fiscal 2025, representing a new all-time high.
SPS Commerce, Inc. maintains positive profitability with a gross margin of 64.2%, operating margin of 15.7%, and net margin of 12.4%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including GDDY ($870M net income, 17.7% margin), CWAN (-$48M net income, -5.3% margin), ALKT (-$50M net income, -10.7% margin), SPSC has room to improve margins relative to the peer group. Compare SPSC vs GDDY →
SPSC Earnings vs Peers
Earnings metrics vs comparable public companies
SPSC Historical Earnings Data (2007–2025)
19 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $93M | +21.1% | $118M | $2.46 | 12.4% | 15.7% |
| 2024 | $77M | +17.1% | $89M | $2.04 | 12.1% | 13.9% |
| 2023 | $66M | +19.4% | $77M | $1.76 | 12.3% | 14.4% |
| 2022 | $55M | +23.6% | $71M | $1.49 | 12.2% | 15.8% |
| 2021 | $45M | -2.2% | $55M | $1.21 | 11.6% | 14.3% |
| 2020 | $46M | +35.2% | $50M | $1.26 | 14.6% | 16.0% |
| 2019 | $34M | +41.2% | $38M | $0.94 | 12.1% | 13.8% |
| 2018 | $24M | +1078.4% | $27M | $0.68 | 9.6% | 10.8% |
| 2017 | -$2M | -142.7% | $8M | $-0.07 | -1.1% | 3.8% |
| 2016 | $6M | +23.1% | $8M | $0.17 | 3.0% | 3.9% |
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Start ComparisonSPSC — Frequently Asked Questions
Quick answers to the most common questions about buying SPSC stock.
Is SPSC growing earnings?
SPSC EPS is $2.43, with earnings growth accelerating to +20.6%. This exceeds the 5-year CAGR of +14.3%. TTM net income reached $91M.
What are SPSC's profit margins?
SPS Commerce, Inc. net margin is +12.4%, with operating margin at +15.7%. Margins sit within typical range for the sector.
How consistent are SPSC's earnings?
SPSC earnings data spans 2007-2025. The accelerating earnings trend is +20.6% YoY. Historical data enables comparison across business cycles.