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SPS Commerce SPSC Total Operating Expenses

Total Operating Expenses at other companies

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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:OperatingExpenses.

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
Research and development17,91717,439
General and administrative36,37431,018
Amortization of intangible assets9,3208,588
Total operating expenses108,34598,679
Income from operations24,55925,956
Other income, net1,4052,207
Income before income taxes25,96428,163
Income tax expense6,2355,967

Item 1. Financial Statements (unaudited)

FAQ

What is SPS Commerce's total operating expenses?
SPS Commerce (SPSC) reported total operating expenses of $108.35M in Q1 2026.
How has SPS Commerce's total operating expenses changed year-over-year?
SPS Commerce's total operating expenses increased by 9.8% year-over-year, from $98.68M to $108.35M.
What is the long-term trend for SPS Commerce's total operating expenses?
Over 4 years (2021 to 2025), SPS Commerce's total operating expenses has grown at a 19.3% compound annual growth rate (CAGR), from $198.51M to $401.57M.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.

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