What are SPS Commerce's profit margins?

Gross margin is 69.3% and operating margin is 15.3%, with a 11.9% net margin.

Where does SPS Commerce's income statement data come from?

Every line is extracted from SPS Commerce's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

SPS Commerce SPSC Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Total revenue	$762.08M+1.4%	$751.51M+3.0%	$729.76M+3.7%	$703.54M+5.0%	$669.74M+5.0%
Total cost of revenue	$233.93M+1.0%	$231.63M+0.6%	$230.26M+2.8%	$223.95M+3.6%	$216.14M+2.6%
Gross profit	$528.15M+1.6%	$519.88M+4.1%	$499.5M+4.2%	$479.59M+5.7%	$453.6M+6.2%
Gross margin	69.3%+0.1pp	69.2%+0.7pp	68.4%+0.3pp	68.2%+0.4pp	67.7%+0.8pp
Research and development	$69.16M+0.7%	$68.68M-0.6%	$69.13M+3.0%	$67.14M+4.5%	$64.24M+2.3%
Selling and marketing	$172.23M+1.8%	$169.13M+1.5%	$166.61M+2.9%	$161.87M+5.0%	$154.12M+3.5%
General and administrative	$131.95M+4.2%	$126.59M+5.5%	$119.95M+3.9%	$115.41M+6.8%	$108.04M+5.0%
Total operating expenses	$411.24M+2.4%	$401.57M+2.7%	$391.14M+3.8%	$376.85M+6.4%	$354.16M+4.7%
Operating income	$116.91M-1.2%	$118.3M+9.2%	$108.36M+5.5%	$102.74M+3.3%	$99.44M+11.9%
Operating margin	15.3%-0.4pp	15.7%+0.9pp	14.8%+0.2pp	14.6%-0.2pp	14.8%+0.9pp
Other income (expense), net	$4.73M-14.5%	$5.53M+30.5%	$4.24M-37.3%	$6.76M-32.7%	$10.04M-8.4%
Income before income taxes	$121.64M-1.8%	$123.84M+10.3%	$112.23M+2.8%	$109.13M0.0%	$109.1M+9.7%
Income tax expense	$30.76M+0.9%	$30.5M+12.2%	$27.17M+3.8%	$26.18M-6.0%	$27.86M+24.2%
Net income	$90.87M-2.6%	$93.34M+9.7%	$85.06M+2.5%	$82.95M+2.1%	$81.25M+5.4%
Net margin	11.9%-0.5pp	12.4%+0.8pp	11.7%-0.1pp	11.8%-0.3pp	12.1%0.0pp
Diluted earnings per share	$2.41-2.0%	$2.46+9.8%	$2.24+2.3%	$2.19+1.9%	$2.15+4.9%
EBITDA	$138.87M-0.4%	$139.39M+8.6%	$128.37M+5.2%	$122.03M+3.1%	$118.42M+10.1%
EBITDA margin	18.2%-0.3pp	18.5%+1.0pp	17.6%+0.2pp	17.3%-0.3pp	17.7%+0.8pp
EBIT	$116.91M-1.2%	$118.3M+9.2%	$108.36M+5.5%	$102.74M+3.3%	$99.44M+11.9%

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Questions, answered.

What are SPS Commerce's profit margins?: Gross margin is 69.3% and operating margin is 15.3%, with a 11.9% net margin.
Where does SPS Commerce's income statement data come from?: Every line is extracted from SPS Commerce's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.