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SPS Commerce SPSC Sales & Marketing

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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$2.59B-38.1%
Enterprise value$2.44B-40.2%
P/E28.5×-21.9×
P/S3.4×-2.5×

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:SellingAndMarketingExpense.

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, except per share amounts) (unaudited)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Cost of revenues59,21756,914
Gross profit132,904124,635
Operating expenses
Sales and marketing44,73441,634
Research and development17,91717,439
General and administrative36,37431,018
Amortization of intangible assets9,3208,588
Total operating expenses108,34598,679

Item 1. Financial Statements (unaudited)

FAQ

What is SPS Commerce's sales & marketing?
SPS Commerce (SPSC) reported sales & marketing of $44.73M in Q1 2026.
How has SPS Commerce's sales & marketing changed year-over-year?
SPS Commerce's sales & marketing increased by 7.4% year-over-year, from $41.63M to $44.73M.
What is the long-term trend for SPS Commerce's sales & marketing?
Over 4 years (2021 to 2025), SPS Commerce's sales & marketing has grown at a 17.7% compound annual growth rate (CAGR), from $88.04M to $169.13M.
What does sales & marketing mean?
Costs of selling products and services including sales force compensation, commissions, marketing campaigns, trade shows, and customer acquisition expenses.

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