SPS COMMERCE, INC. — Earnings
Most recent reported period: FY2025 (Q4) (filed for period ending 2025-12-31) · sourced from SEC EDGAR
Next earnings (estimated): Wed, April 1, 2026 — 28 days overdue (likely already filed but EDGAR cache cold). Anchored to latest quarter-end + 91 days. Analyst-confirmed dates land in a follow-up wave.
YoY = vs same quarter prior year (seasonality-adjusted)
Recent earnings · last 8 quarters
| Quarter end | Revenue | YoY | Net Income | YoY | Op. Margin |
|---|---|---|---|---|---|
| 2025-12-31 | $193M | ↑+12.7% | $26M | ↑+47.2% | 18.0% |
| 2025-09-30 | $190M | ↑+16.0% | $26M | ↑+9.0% | 16.4% |
| 2025-06-30 | $187M | ↑+22.0% | $20M | ↑+9.4% | 14.1% |
| 2025-03-31 | $182M | ↑+21.4% | $22M | ↑+23.3% | 14.3% |
| 2024-12-31 | $171M | ↑+17.9% | $18M | ↓-7.6% | 14.5% |
| 2024-09-30 | $164M | ↑+20.7% | $23M | ↑+39.3% | 15.6% |
| 2024-06-30 | $154M | ↑+17.8% | $18M | ↑+22.8% | 15.1% |
| 2024-03-31 | $150M | ↑+18.8% | $18M | ↑+17.8% | 10.3% |
Analyst consensus estimates (EPS / Revenue) and implied move from options will land in a follow-up wave. For now, YoY-vs-prior-year-quarter is the surprise proxy.
Last earnings · FY2025 (Q4)
Revenue
$193M
↑+12.7% +$22M YoY
Net Income
$26M
↑+47.2% +$8M YoY
Earnings surprise · last 8 quarters
YoY % change · proxy for analyst surprise until estimates landEPS history · last 10 fiscal years
diluted, GAAP, annualNote: EPS reflects WEIGHTED-AVERAGE diluted shares for each fiscal year. Pre-stock- split values can blow up the early bars if SEC's XBRL data isn't split-adjusted — flagged as a known limitation; cumulative split-adjustment is a follow-up.
Margin trends · 63 quarters
margin trajectory tells the operating-leverage storyGross Margin↑+3.0pts
70.4%
Operating Margin↑+3.5pts
18.0%
Net Margin↑+3.1pts
13.4%
Go deeper
SPSC Sankey — flow of dollars
See how revenue waterfalls through every line item to net income for the latest reported quarter, with prior-period comparison.
Open SankeySPSC Key Metrics — EPS, ROE, ROIC
10 CFA-grade fundamental ratios — EPS, BVPS, ROE, ROA, ROIC, Debt/Equity, Current Ratio. Compare across years.
Open Key Metrics