SPS 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

82.46 2.78 −3.26%
Market cap
$3.0B
P/E
36.4×
Fwd P/E
35.4×
Dividend yield
—
F-score
6/9
Altman Z
12.01
Beneish M
−2.50
Dividend safety
n/a

SPS Commerce, Inc. (SPSC) Revenue growth

Alert me on Revenue growth

SPS Commerce, Inc.'s revenue growth over the twelve months to 30 September 2026 was 6.92%, down 10.9 percentage points from fiscal 2025 (17.8%). Over the past ten years it has ranged from 12.0% (fiscal 2020) to 23.9% (fiscal 2015); the current reading is higher than 55% of that period. That is below the Software Application industry median of 12.3% and below the Technology sector median of 11.8%.

Revenue growth, annual

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Annual newest first

Period Revenue growth Change (points)
FY2025 17.8% (0.95)
FY2024 18.8% (0.30)
FY2023 19.1% 2.05
FY2022 17.0% (6.21)
FY2021 23.2% 11.24
FY2020 12.0% (0.44)
FY2019 12.4% (0.35)
FY2018 12.8% (1.15)
FY2017 13.9% (7.91)
FY2016 21.9% (2.04)

Quarterly newest first

Period Revenue growth Change (points)
Sep 2026 4.08% (1.48)
Jun 2026 5.56% (0.26)
Mar 2026 5.82% (6.90)
Dec 2025 12.7% (3.30)
43 more quarters

Against its own ten years

Low 12.0% High 23.9%
Ten-year median 17.8%
Current reading's percentile 55

Revenue growth against peers

Company Revenue growth
BULL Webull Corporation compare 47.9%
FSLY Fastly, Inc. compare 21.5%
AGYS Agilysys, Inc. compare 14.9%
INTA Intapp, Inc. compare 14.4%
ASAN Asana, Inc. compare 9.48%
ALRM Alarm.com Holdings, Inc. compare 9.30%
SPSC SPS Commerce, Inc. 6.92%
NATL NCR Atleos Corporation compare 2.16%
VIA Via Transportation Inc. compare —
Software Application industry median 12.3%
Technology sector median 11.8%
Market median 7.58%

What Revenue growth is

Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.

(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|

The full definition of Revenue growth →

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