stockrowSPS Commerce, Inc.
SPSC Technology Software Application
SPS Commerce, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $751.5 million, up 17.8% from fiscal 2024.
- Revenue
- +4.08%
- EPS
- +27.6%
- Free cash flow
- +7.23%
Quarter to September 2026, against a year earlier
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SPS Commerce, Inc. (SPSC) Gross margin
SPS Commerce, Inc.'s gross margin over the twelve months to 30 September 2026 was 70.2%, up 1.1 percentage points from fiscal 2025 (69.2%). Over the past ten years it has ranged from 65.8% (fiscal 2021) to 69.2% (fiscal 2025) — the current reading is the highest in ten years. That is in line with the Software Application industry median of 66.9% and above the Technology sector median of 46.9%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 69.2% | 2.22 |
| FY2024 | 67.0% | 0.87 |
| FY2023 | 66.1% | 0.04 |
| FY2022 | 66.1% | 0.23 |
| FY2021 | 65.8% | (2.25) |
| FY2020 | 68.1% | 1.12 |
| FY2019 | 67.0% | (0.12) |
| FY2018 | 67.1% | 0.52 |
| FY2017 | 66.6% | (0.14) |
| FY2016 | 66.7% | (1.74) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 71.1% | 0.95 |
| Jun 2026 | 70.2% | 0.98 |
| Mar 2026 | 69.2% | (1.26) |
| Dec 2025 | 70.4% | 0.95 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| ASAN Asana, Inc. compare | 87.6% |
| BULL Webull Corporation compare | 77.5% |
| INTA Intapp, Inc. compare | 76.6% |
| SPSC SPS Commerce, Inc. | 70.2% |
| ALRM Alarm.com Holdings, Inc. compare | 65.8% |
| AGYS Agilysys, Inc. compare | 63.8% |
| FSLY Fastly, Inc. compare | 62.6% |
| VIA Via Transportation Inc. compare | 39.8% |
| NATL NCR Atleos Corporation compare | 25.7% |
| Software Application industry median | 66.9% |
| Technology sector median | 46.9% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on SPSC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement