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SPS Commerce SPSC Compensation and benefits

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Other financials

Income statement

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Revenue$192.1M+5.8%
Gross profit$132.9M+6.6%
Operating income$24.6M-5.4%
Net income$19.7M-11.1%
EPS (diluted)$0.53-8.6%

Balance sheet

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Cash & equivalents$154.3M+62.5%
Total debt$6.6M-46.0%
Total equity$962.2M+4.5%
Total assets$1.2B+4.7%

Cash flow

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Operating cash flow$55.6M+39.1%
CapEx$7.1M+16.1%
Free cash flow$48.5M+43.3%

Valuation

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Market cap$2.64B-33.4%
Enterprise value$2.49B-35.6%
P/E29.1×-18.8×
P/S3.5×-2.2×

Profitability

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Gross margin69.3%+1.6pp
Operating margin15.3%+0.5pp
Net margin11.9%-0.2pp
FCF margin21.9%+0.9pp

Returns & leverage

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Return on equity9.7%-0.5pp
Debt / equity0.0×
Current ratio2.1×+0.5×

Where this comes from

Reported directly by SPS Commerce in its filing.

Tagged under the XBRL concept us-gaap:ShareBasedCompensation.

The source filing: SPS Commerce’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:20 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001092699-26-000043
(in thousands) (unaudited)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Depreciation and amortization of property and equipment5,8344,957
Amortization of intangible assets9,3208,588
Provision for credit losses1,9731,822
Stock-based compensation18,07313,867
Other, net(242)168
Changes in assets and liabilities, net of effects of acquisitions
Accounts receivable1,103(7,443)
Deferred costs1,265(1,247)

Item 1. Financial Statements (unaudited)

FAQ

What is SPS Commerce's compensation and benefits?
SPS Commerce (SPSC) reported compensation and benefits of $18.07M in Q1 2026.
How has SPS Commerce's compensation and benefits changed year-over-year?
SPS Commerce's compensation and benefits increased by 30.3% year-over-year, from $13.87M to $18.07M.
What is the long-term trend for SPS Commerce's compensation and benefits?
Over 4 years (2021 to 2025), SPS Commerce's compensation and benefits has grown at a 18.1% compound annual growth rate (CAGR), from $27.57M to $53.73M.
What does compensation and benefits mean?
Total employee-related costs including salaries, wages, bonuses, commissions, stock-based compensation, health insurance, retirement contributions, and payroll taxes.

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