SPS Commerce has been growing earnings at an average annual rate of 16%, while the Software industry saw earnings declining at 22.7% annually. Revenues have been growing at an average rate of 16.8% per year. SPS Commerce's return on equity is 9.4%, and it has net margins of 11.9%.
Key information
16.03%
Earnings growth rate
14.68%
EPS growth rate
Software Industry Growth
10.11%
Revenue growth rate
16.81%
Return on equity
9.44%
Net Margin
11.92%
Last Earnings Update
31 Mar 2026
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How SPS Commerce makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
BIT:1SPSC Revenue, expenses and earnings (USD Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
31 Mar 26
762
91
304
69
31 Dec 25
752
93
296
69
30 Sep 25
730
85
287
69
30 Jun 25
704
83
277
67
31 Mar 25
670
81
262
64
31 Dec 24
638
77
252
63
30 Sep 24
612
79
240
60
30 Jun 24
584
72
228
58
31 Mar 24
561
69
220
57
31 Dec 23
537
66
208
54
30 Sep 23
514
63
199
52
30 Jun 23
493
62
189
49
31 Mar 23
472
58
179
48
31 Dec 22
451
55
169
46
30 Sep 22
432
52
163
44
30 Jun 22
415
48
157
44
31 Mar 22
400
47
153
41
31 Dec 21
385
45
149
39
30 Sep 21
366
45
144
36
30 Jun 21
347
45
138
34
31 Mar 21
329
46
132
32
31 Dec 20
313
46
126
31
30 Sep 20
302
41
122
31
30 Jun 20
293
39
118
31
31 Mar 20
286
36
114
30
31 Dec 19
279
34
115
28
30 Sep 19
272
32
114
27
30 Jun 19
264
31
115
24
31 Mar 19
256
27
115
23
31 Dec 18
248
24
114
22
30 Sep 18
241
10
116
22
30 Jun 18
234
4
115
23
31 Mar 18
227
1
113
23
31 Dec 17
220
0
109
23
30 Sep 17
213
9
102
23
30 Jun 17
206
9
99
22
31 Mar 17
200
8
96
22
31 Dec 16
193
5
96
22
30 Sep 16
185
6
91
21
30 Jun 16
176
5
87
20
31 Mar 16
167
5
84
19
31 Dec 15
159
5
80
18
30 Sep 15
152
3
78
17
30 Jun 15
144
3
75
16
Quality Earnings: 1SPSC has high quality earnings.
Growing Profit Margin: 1SPSC's current net profit margins (11.9%) are lower than last year (12.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 1SPSC's earnings have grown by 16% per year over the past 5 years.
Accelerating Growth: 1SPSC's earnings growth over the past year (11.8%) is below its 5-year average (16% per year).
Earnings vs Industry: 1SPSC earnings growth over the past year (11.8%) exceeded the Software industry 10.3%.
Return on Equity
High ROE: 1SPSC's Return on Equity (9.4%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/05/27 13:33
End of Day Share Price
2026/05/27 00:00
Earnings
2026/03/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
SPS Commerce, Inc. is covered by 19 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.