
SPS Commerce Inc
NASDAQ:SPSC

Income Statement
Earnings Waterfall
SPS Commerce Inc
Revenue
|
637.8m
USD
|
Cost of Revenue
|
-210.7m
USD
|
Gross Profit
|
427.1m
USD
|
Operating Expenses
|
-338.2m
USD
|
Operating Income
|
88.9m
USD
|
Other Expenses
|
-11.8m
USD
|
Net Income
|
77.1m
USD
|
Income Statement
SPS Commerce Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
128
N/A
|
136
+6%
|
144
+6%
|
152
+5%
|
159
+5%
|
167
+5%
|
176
+5%
|
185
+5%
|
193
+5%
|
200
+3%
|
206
+3%
|
213
+3%
|
220
+3%
|
227
+3%
|
234
+3%
|
241
+3%
|
248
+3%
|
256
+3%
|
264
+3%
|
272
+3%
|
279
+3%
|
286
+3%
|
293
+2%
|
302
+3%
|
313
+3%
|
329
+5%
|
348
+6%
|
366
+5%
|
385
+5%
|
400
+4%
|
415
+4%
|
432
+4%
|
451
+4%
|
472
+5%
|
493
+4%
|
514
+4%
|
537
+4%
|
561
+4%
|
584
+4%
|
612
+5%
|
638
+4%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(40)
|
(42)
|
(45)
|
(48)
|
(50)
|
(53)
|
(57)
|
(61)
|
(64)
|
(67)
|
(69)
|
(71)
|
(74)
|
(76)
|
(78)
|
(80)
|
(82)
|
(83)
|
(87)
|
(90)
|
(92)
|
(94)
|
(95)
|
(97)
|
(100)
|
(106)
|
(114)
|
(123)
|
(132)
|
(137)
|
(143)
|
(147)
|
(153)
|
(161)
|
(168)
|
(175)
|
(182)
|
(191)
|
(198)
|
(204)
|
(211)
|
|
Gross Profit |
88
N/A
|
94
+6%
|
99
+5%
|
104
+5%
|
109
+4%
|
114
+5%
|
119
+4%
|
124
+5%
|
129
+4%
|
133
+3%
|
137
+3%
|
142
+3%
|
147
+4%
|
151
+3%
|
156
+3%
|
161
+3%
|
167
+3%
|
173
+4%
|
177
+2%
|
182
+3%
|
187
+3%
|
192
+3%
|
198
+3%
|
205
+3%
|
213
+4%
|
222
+4%
|
234
+5%
|
243
+4%
|
254
+4%
|
263
+4%
|
272
+3%
|
284
+5%
|
298
+5%
|
311
+4%
|
325
+5%
|
339
+4%
|
355
+5%
|
370
+4%
|
386
+4%
|
408
+6%
|
427
+5%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(84)
|
(89)
|
(94)
|
(98)
|
(102)
|
(106)
|
(111)
|
(116)
|
(123)
|
(123)
|
(126)
|
(129)
|
(137)
|
(140)
|
(142)
|
(142)
|
(140)
|
(143)
|
(144)
|
(146)
|
(149)
|
(150)
|
(154)
|
(158)
|
(163)
|
(171)
|
(180)
|
(190)
|
(199)
|
(205)
|
(211)
|
(217)
|
(227)
|
(240)
|
(253)
|
(266)
|
(278)
|
(294)
|
(304)
|
(321)
|
(338)
|
|
Selling, General & Administrative |
(67)
|
(71)
|
(75)
|
(78)
|
(80)
|
(84)
|
(88)
|
(91)
|
(96)
|
(97)
|
(99)
|
(102)
|
(109)
|
(113)
|
(115)
|
(116)
|
(114)
|
(116)
|
(115)
|
(114)
|
(115)
|
(114)
|
(118)
|
(122)
|
(126)
|
(132)
|
(138)
|
(144)
|
(149)
|
(153)
|
(158)
|
(163)
|
(169)
|
(179)
|
(189)
|
(199)
|
(208)
|
(220)
|
(228)
|
(240)
|
(252)
|
|
Research & Development |
(14)
|
(15)
|
(16)
|
(17)
|
(18)
|
(19)
|
(20)
|
(21)
|
(22)
|
(22)
|
(22)
|
(23)
|
(23)
|
(23)
|
(23)
|
(22)
|
(22)
|
(23)
|
(24)
|
(27)
|
(28)
|
(30)
|
(31)
|
(31)
|
(31)
|
(32)
|
(34)
|
(36)
|
(39)
|
(41)
|
(44)
|
(44)
|
(46)
|
(48)
|
(50)
|
(52)
|
(54)
|
(57)
|
(58)
|
(60)
|
(63)
|
|
Depreciation & Amortization |
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(7)
|
(8)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(12)
|
(13)
|
(14)
|
(15)
|
(16)
|
(17)
|
(18)
|
(21)
|
(24)
|
|
Operating Income |
4
N/A
|
5
+7%
|
5
N/A
|
6
+19%
|
7
+25%
|
7
+6%
|
7
-1%
|
8
+5%
|
6
-17%
|
10
+52%
|
12
+22%
|
13
+6%
|
10
-20%
|
11
+10%
|
14
+27%
|
19
+35%
|
27
+41%
|
30
+12%
|
33
+11%
|
36
+8%
|
38
+7%
|
43
+11%
|
44
+4%
|
47
+7%
|
50
+6%
|
51
+2%
|
54
+5%
|
53
-1%
|
55
+3%
|
59
+7%
|
61
+4%
|
68
+10%
|
71
+5%
|
71
+0%
|
72
+1%
|
73
+1%
|
77
+5%
|
76
-2%
|
82
+8%
|
87
+6%
|
89
+2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
3
|
3
|
3
|
3
|
2
|
2
|
1
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
1
|
1
|
4
|
8
|
9
|
11
|
13
|
15
|
11
|
|
Total Other Income |
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
(0)
|
1
|
1
|
0
|
1
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
1
|
(1)
|
0
|
1
|
1
|
3
|
1
|
1
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
|
Pre-Tax Income |
4
N/A
|
4
+5%
|
4
-2%
|
5
+19%
|
7
+39%
|
8
+13%
|
8
-4%
|
9
+19%
|
8
-16%
|
11
+38%
|
13
+23%
|
13
-2%
|
11
-16%
|
12
+10%
|
15
+27%
|
20
+35%
|
28
+39%
|
32
+12%
|
36
+14%
|
39
+8%
|
42
+8%
|
45
+7%
|
47
+4%
|
50
+6%
|
53
+6%
|
54
+3%
|
55
+1%
|
53
-3%
|
54
+1%
|
58
+9%
|
60
+3%
|
66
+10%
|
71
+8%
|
72
+2%
|
77
+6%
|
80
+4%
|
86
+7%
|
86
+1%
|
94
+10%
|
101
+7%
|
99
-2%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1)
|
(2)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(5)
|
(4)
|
(5)
|
(7)
|
(8)
|
(9)
|
(8)
|
(8)
|
(7)
|
(8)
|
(10)
|
(8)
|
(9)
|
(11)
|
(12)
|
(14)
|
(16)
|
(15)
|
(15)
|
(17)
|
(20)
|
(18)
|
(23)
|
(23)
|
(22)
|
|
Income from Continuing Operations |
3
|
3
|
3
|
4
|
5
|
5
|
5
|
6
|
5
|
8
|
9
|
9
|
7
|
8
|
11
|
17
|
24
|
27
|
31
|
32
|
34
|
36
|
39
|
41
|
46
|
46
|
45
|
45
|
45
|
47
|
48
|
52
|
55
|
58
|
62
|
63
|
66
|
69
|
72
|
79
|
77
|
|
Net Income (Common) |
3
N/A
|
3
+7%
|
3
+3%
|
4
+17%
|
5
+31%
|
5
+11%
|
5
-6%
|
6
+25%
|
5
-17%
|
8
+54%
|
9
+21%
|
9
-3%
|
0
-96%
|
1
+75%
|
4
+486%
|
10
+144%
|
24
+139%
|
27
+15%
|
31
+12%
|
32
+3%
|
34
+7%
|
36
+8%
|
39
+7%
|
41
+6%
|
46
+10%
|
46
+2%
|
45
-2%
|
45
N/A
|
45
-2%
|
47
+5%
|
48
+1%
|
52
+9%
|
55
+6%
|
58
+5%
|
62
+7%
|
63
+1%
|
66
+5%
|
69
+4%
|
72
+5%
|
79
+9%
|
77
-2%
|
|
EPS (Diluted) |
0.08
N/A
|
0.09
+13%
|
0.09
N/A
|
0.11
+22%
|
0.14
+27%
|
0.15
+7%
|
0.14
-7%
|
0.17
+21%
|
0.14
-18%
|
0.22
+57%
|
0.27
+23%
|
0.26
-4%
|
0.01
-96%
|
0.02
+100%
|
0.11
+450%
|
0.28
+155%
|
0.68
+143%
|
0.77
+13%
|
0.86
+12%
|
0.88
+2%
|
0.94
+7%
|
1
+6%
|
1.07
+7%
|
1.13
+6%
|
1.26
+12%
|
1.27
+1%
|
1.24
-2%
|
1.24
N/A
|
1.21
-2%
|
1.27
+5%
|
1.28
+1%
|
1.4
+9%
|
1.49
+6%
|
1.56
+5%
|
1.66
+6%
|
1.68
+1%
|
1.76
+5%
|
1.82
+3%
|
1.91
+5%
|
2.08
+9%
|
2.04
-2%
|