What is SPS Commerce's foreign operations?

SPS Commerce (SPSC) reported foreign operations of 0.3% in Q4 2025.

What does foreign operations mean?

Reflects the tax impact of the company's foreign operations on the overall effective tax rate. It provides visibility into how international earnings are taxed relative to the company's home country statutory rate.

SPS Commerce SPSC Foreign operations

Foreign operations at other companies

International Business MachinesIBM

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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$2.04B-58.8%

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 / equity0×0.0×

Current ratio2.1×+0.5×

Where this comes from

Reported directly by SPS Commerce in its filing.

Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential.

The official record: SPS Commerce’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SPS Commerce's foreign operations?: SPS Commerce (SPSC) reported foreign operations of 0.3% in Q4 2025.
What does foreign operations mean?: Reflects the tax impact of the company's foreign operations on the overall effective tax rate. It provides visibility into how international earnings are taxed relative to the company's home country statutory rate.