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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Total revenue	$751.51M+17.8%	$637.77M+18.8%	$536.91M+19.1%	$450.88M+17.0%
Total cost of revenue	$231.63M+9.9%	$210.71M+15.7%	$182.07M+18.9%	$153.07M+16.2%
Gross profit	$519.88M+21.7%	$427.05M+20.3%	$354.84M+19.2%	$297.81M+17.4%
Gross margin	69.2%+2.2pp	67%+0.9pp	66.1%0.0pp	66.1%+0.2pp
Research and development	$68.68M+9.3%	$62.81M+17.1%	$53.66M+17.3%	$45.75M+17.2%
Selling and marketing	$169.13M+13.6%	$148.92M+21.1%	$122.94M+20.8%	$101.77M+15.6%
General and administrative	$126.59M+23.0%	$102.93M+21.3%	$84.89M+26.1%	$67.34M+9.8%
Compensation and benefits	$53.73M-1.5%	$54.56M+19.9%	$45.51M+36.3%	$33.4M+21.1%
Occupancy and equipment	$3.71M+8.5%	$3.42M+9.5%	$3.12M+1.2%	$3.09M-0.1%
Depreciation and amortization	$21.09M+12.6%	$18.72M+0.5%	$18.63M+13.5%	$16.42M+11.0%
Provision for credit losses	$9.92M+29.1%	$7.68M+34.6%	$5.71M+69.9%	$3.36M-28.8%
Other operating expenses	$401.57M+18.7%	$338.17M+21.8%	$277.59M+22.5%	$226.63M+14.2%
Total operating expenses	$401.57M+18.7%	$338.17M+21.8%	$277.59M+22.5%	$226.63M+14.2%
Operating income	$118.3M+33.1%	$88.88M+15.1%	$77.25M+8.5%	$71.18M+29.2%
Operating margin	15.7%+1.8pp	13.9%-0.5pp	14.4%-1.4pp	15.8%+1.5pp
Interest income	$4.65M-56.1%	$10.58M+38.1%	$7.66M+359%	$1.67M+501%
Other income (expense), net	$5.53M-49.6%	$10.97M+31.9%	$8.32M+5,756%	$142K+109%
Income before income taxes	$123.84M+24.5%	$99.48M+16.3%	$85.56M+20.0%	$71.32M+33.2%
Income tax expense	$30.5M+36.0%	$22.42M+13.6%	$19.74M+21.9%	$16.19M+81.0%
Net income	$93.34M+21.1%	$77.05M+17.1%	$65.82M+19.4%	$55.13M+23.6%
Net margin	12.4%+0.3pp	12.1%-0.2pp	12.3%0.0pp	12.2%+0.7pp
Diluted earnings per share	$2.46+20.0%	$2.05+16.5%	$1.76+18.1%	$1.49+22.1%
Basic earnings per share	$2.45+17.8%	$2.08+15.6%	$1.80+17.6%	$1.53+23.4%
Weighted-average shares, diluted	152.2M+0.7%	151.2M+1.1%	149.6M+1.3%	147.7M+0.2%
Weighted-average shares, basic	151.7M+1.9%	148.9M+1.7%	146.4M+1.4%	144.4M+0.6%
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation	——	——	——	——
Share-based compensation expense related to employee stock plans	$50.63M-2.0%	$51.67M+20.2%	$42.98M+37.4%	$31.28M+21.8%
Pre-tax stock-based compensation cost	$53.73M-1.5%	$54.56M+19.9%	$45.51M+36.3%	$33.4M+21.1%
Accounts Receivable, Allowance for Credit Loss, Writeoff	$6.97M+2.1%	$6.82M+25.1%	$5.45M+20.1%	$4.54M-5.2%
Amortization of capitalized software and acquired intangible assets	$37.17M+58.1%	$23.51M+45.9%	$16.12M+36.9%	$11.77M+16.2%
Stock options excluded as their inclusion would be anti-dilutive (in shares)	1.7M+182%	606K+174%	221K-61.6%	575K+130%
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	——	$21.94M—	——	-$44.66M-177%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$102.65M+52.9%	$67.15M-3.3%	$69.46M+30.6%	$53.17M+20.4%
Revenue recognized that was included in deferred income at the beginning of the period	$74.3M+7.4%	$69.2M—	——	——
Federal	$3.37M-83.9%	$20.99M+4.1%	$20.17M+45.3%	$13.88M+790%
Foreign	$1.74M-45.0%	$3.16M+50.3%	$2.1M+5.7%	$1.99M+23.6%
Current State And Local Tax Expense Benefit	$6.91M+12.4%	$6.15M+45.6%	$4.22M+1.7%	$4.15M+120%
Deferred Costs Amortized	$93.13M+6.7%	$87.32M+14.2%	$76.44M+6,824%	$1.1M+102%
Incurred deferred costs	$94.63M+4.6%	$90.48M+1.7%	$89.01M+22.8%	$72.51M+13.2%
Federal	$19.09M+463%	-$5.26M+3.1%	-$5.43M-114%	-$2.53M-159%
Deferred Foreign Income Tax Expense Benefit	-$2.47M-115%	-$1.15M-22.8%	-$938K-70.9%	-$549K-71.0%
Deferred taxes	$18.91M+291%	-$9.92M—	——	-$3.8M-198%
State	$1.86M+227%	-$1.47M-276%	-$390K+48.1%	-$751K-753%
Defined Contribution Plan Employer Matching Contribution Percent	——	——	——	——
Defined Contribution Plan Employer Matching Contribution Percent Of Match	——	——	——	——
Retirement contributions	$8.52M+8.5%	$7.85M+18.4%	$6.63M+23.0%	$5.39M+12.4%
Maximum percentage of annual compensation contributed by the participant (percent)	——	——	——	——
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash	$1.54M+171%	-$2.18M-488%	$562K—	——
Effective tax rates	$0.25+9.3%	$0.23-2.6%	$0.23+1.8%	$0.23+35.9%
Effect of cross-border tax laws	-$273K—	——	——	——
Effect of cross-border tax laws	——	——	——	——
Effective Income Tax Rate Reconciliation, FDII, Percent	——	——	——	——
Foreign operations	——	——	——	——
Nondeductible compensation	$3.31M—	——	——	——
Nondeductible compensation	——	——	——	——
State income taxes – net of federal income tax benefit	——	——	——	——
Effective Income Tax Rate Reconciliation Tax Benefits For Excess Tax Deduction From Stock Activity	——	——	——	——
Changes in unrecognized tax benefits	——	——	——	——
Effective Income Tax Rate Reconciliation Tax Credits Research	——	——	——	——
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Percent	——	——	——	——
Effective Income Tax Rate Reconciliation Tax Exempt Income	——	——	——	——
Gain (Loss), Foreign Currency Transaction, before Tax	——	——	$1.73M—	——
Foreign Currency Translation and Other Adjustments	——	——	$2.33M—	——
Federal taxes	$16.6M—	——	——	——
Income Tax Reconciliation Foreign Income Tax Rate Differential	$398K—	——	——	——
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	$26.01M—	——	——	——
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	$6.39M—	——	——	——
Changes in unrecognized tax benefits	$1.62M—	——	——	——
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Amount	$140K—	——	——	——
Effective Income Tax Rate Reconciliation, Tax Credit, Research, Amount	$6.92M—	——	——	——
Effective Income Tax Rate Reconciliation, Tax Exempt Income, Amount	-$110K—	——	——	——
Income Taxes Paid, Net	$28.89M+6.6%	$27.1M-7.2%	$29.21M+81.7%	$16.08M+61.1%
Accounts payable	$4.72M+492%	$796K—	——	$144K-93.6%
Increase (Decrease) in Accounts Receivable	$20.3M—	——	$13.09M—	——
Accrued liabilities	-$3.57M—	——	$1.3M—	——
Increase (decrease) in contract liabilities and current deferred income	——	——	——	——
Increase (Decrease) in Deferred Charges	——	$3.12M-70.9%	$10.72M+0.7%	$10.65M+14.5%
Accrued compensation and employee benefits	-$3.72M-359%	$1.43M—	——	——
Operating leases	-$2.09M-9.6%	-$1.91M+2.2%	-$1.95M-24.6%	-$1.56M—
Increase (Decrease) in Other Operating Assets and Liabilities, Net	$28.69M+292%	$7.31M—	——	-$2.63M-143%
Add - Incremental shares associated with contingently issuable shares (in shares)	230K-86.6%	1.7M-20.1%	2.1M+24.9%	1.7M-3.9%
Add - Incremental shares under stock-based compensation plans (in shares)	——	——	——	——
Net interest and investment income (loss)	$4.65M-56.1%	$10.58M+38.1%	$7.66M+359%	$1.67M+501%
Lease Cost	$6.48M-8.9%	$7.11M+3.1%	$6.89M+3.5%	$6.66M-1.3%
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	-$100.83M—	——	$15.97M—	——
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	-$169.15M-53.1%	-$110.45M-18.2%	-$93.45M+17.1%	-$112.79M-142%
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	$178.79M+13.6%	$157.4M+19.0%	$132.3M+32.2%	$100.05M-11.4%
Operating Lease Payments	$6.56M+25.8%	$5.21M+3.7%	$5.02M+8.3%	$4.64M+23.5%
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax	$9.31M+199%	-$9.38M-377%	$3.39M—	——
Other Noncash Income (Expense)	$1.09M+288%	-$577K+76.1%	-$2.42M-998%	-$220K+31.9%
Other income, net (Note 6)	$495K+576%	-$104K+90.3%	-$1.07M-113%	-$502K-37.2%
Payments for Repurchase of Common Stock	$114.28M+204%	$37.57M—	$0-100%	$43.22M—
Payments to Acquire Businesses, Net of Cash Acquired	——	$147.92M—	——	——
Payments to Acquire Property, Plant, and Equipment	$26.52M+32.3%	$20.05M+1.4%	$19.76M-0.6%	$19.88M+1.5%
Cash received from option exercises	$3.86M-18.1%	$4.71M-52.2%	$9.86M+101%	$4.91M-47.6%
Proceeds from issuance of common stock relating to employee stock plans	$9.58M-2.5%	$9.83M+21.1%	$8.11M+21.5%	$6.68M+40.9%
Net additions (releases) charged to costs and expenses	$9.92M+29.1%	$7.68M+34.6%	$5.71M+69.9%	$3.36M-28.8%
Revenue From Contract With Customer Excluding Assessed Tax	$751.51M+17.8%	$637.77M+18.8%	$536.91M+19.1%	$450.88M+17.0%
Right Of Use Asset Obtained In Exchange For Operating Lease Liability	——	$3.16M—	——	——
Stock-based compensation	$53.73M-1.5%	$54.56M+19.9%	$45.51M+36.3%	$33.4M+21.1%
Granted (in shares)	——	——	——	——
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures in Period	——	——	——	——
Intrinsic value of stock options exercised	$4.44M-68.1%	$13.93M-55.4%	$31.23M+86.9%	$16.71M-39.7%
Options canceled (in dollars per share)	——	——	——	——
Granted (in shares)	——	——	——	——
Exercised (in shares)	——	——	——	——
Shares withheld for net share settlement	-$843K—	——	——	——
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1	$1.82M-8.4%	$1.98M-0.7%	$2M0.0%	$2M-20.4%
Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent	——	——	——	——
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period	——	——	——	——
Stock issued for employee stock purchase plan	$9.58M-2.5%	$9.83M+21.1%	$8.11M+21.5%	$6.68M+40.9%
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture	$4.57M-3.1%	$4.72M-52.2%	$9.86M+101%	$4.91M-47.6%
Issuance of common stock and reissuance of treasury stock under equity incentive plans, net of forfeitures, value	——	——	——	——
Average price paid (in dollars per share)	$514.59-29.8%	$733.12—	$0.00-100%	$478.98—
Number of shares purchased (in shares)	1.7M+303%	410.7K—	0-100%	719.2K—
Treasury stock, value, acquired	$115.01M+206%	$37.57M—	$0-100%	$43.22M+112%
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions	$1.62M—	——	——	——
Variable Lease Cost	$2.77M-24.9%	$3.69M-2.3%	$3.77M+5.5%	$3.58M-2.3%
EBIT	$118.3M+33.1%	$88.88M+15.1%	$77.25M+8.5%	$71.18M+29.2%
EBITDA	$139.39M+29.5%	$107.6M+12.2%	$95.88M+9.4%	$87.6M+25.4%
EBITDA	$139.39M+29.5%	$107.6M+12.2%	$95.88M+9.4%	$87.6M+25.4%
EBITDA margin	18.5%+1.7pp	16.9%-1.0pp	17.9%-1.6pp	19.4%+1.3pp
EBIT	$118.3M+33.1%	$88.88M+15.1%	$77.25M+8.5%	$71.18M+29.2%

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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.