SPS Commerce Inc (SPSC) stock
SPSCNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 17/3028% below fair value
$82.25−0.60 (-0.72%)
Close on Nov 12, 2026Market cap $2.92BP/E 36.6Yield –
SPS Commerce gross margin
Gross margin is gross profit as a percentage of revenue.
SPS Commerce's gross margin for the twelve months ending Sep 30, 2026 was 70.2%. For fiscal 2025 it was 69.2%, against 67.0% the year before. The highest annual figure on record is 73.5% in fiscal 2011.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 69.2% | +2.2 |
| FY2024 | Dec 31, 2024 | 67.0% | +0.9 |
| FY2023 | Dec 31, 2023 | 66.1% | +0.0 |
| FY2022 | Dec 31, 2022 | 66.1% | +0.2 |
| FY2021 | Dec 31, 2021 | 65.8% | −2.2 |
| FY2020 | Dec 31, 2020 | 68.1% | +1.1 |
| FY2019 | Dec 31, 2019 | 67.0% | −0.1 |
| FY2018 | Dec 31, 2018 | 67.1% | +0.5 |
| FY2017 | Dec 31, 2017 | 66.5% | −0.1 |
| FY2016 | Dec 31, 2016 | 66.7% | −1.7 |
| FY2015 | Dec 31, 2015 | 68.4% | −0.3 |
| FY2014 | Dec 31, 2014 | 68.7% | −0.8 |
| FY2013 | Dec 31, 2013 | 69.6% | −1.9 |
| FY2012 | Dec 31, 2012 | 71.4% | −2.1 |
| FY2011 | Dec 31, 2011 | 73.5% | +1.8 |
| FY2010 | Dec 31, 2010 | 71.7% | +2.7 |
| FY2009 | Dec 31, 2009 | 69.0% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 71.1% | +1.6 |
| Q2 FY2026 | Jun 30, 2026 | 70.2% | +2.1 |
| Q1 FY2026 | Mar 31, 2026 | 69.2% | +0.5 |
| Q4 FY2025 | Dec 31, 2025 | 70.4% | +3.0 |
| Q3 FY2025 | Sep 30, 2025 | 69.5% | +1.0 |
| Q2 FY2025 | Jun 30, 2025 | 68.1% | +1.9 |
| Q1 FY2025 | Mar 31, 2025 | 68.7% | +3.1 |
| Q4 FY2024 | Dec 31, 2024 | 67.5% | +1.3 |
| Q3 FY2024 | Sep 30, 2024 | 68.5% | +2.0 |
| Q2 FY2024 | Jun 30, 2024 | 66.1% | +0.3 |
| Q1 FY2024 | Mar 31, 2024 | 65.6% | −0.3 |
| Q4 FY2023 | Dec 31, 2023 | 66.2% | +0.2 |
| Q3 FY2023 | Sep 30, 2023 | 66.4% | +0.2 |
| Q2 FY2023 | Jun 30, 2023 | 65.8% | +0.2 |
| Q1 FY2023 | Mar 31, 2023 | 65.9% | −0.5 |
| Q4 FY2022 | Dec 31, 2022 | 66.0% | +0.6 |
| Q3 FY2022 | Sep 30, 2022 | 66.3% | +1.4 |
| Q2 FY2022 | Jun 30, 2022 | 65.6% | −0.8 |
| Q1 FY2022 | Mar 31, 2022 | 66.4% | −0.4 |
| Q4 FY2021 | Dec 31, 2021 | 65.3% | −2.4 |
| Q3 FY2021 | Sep 30, 2021 | 64.9% | −3.6 |
| Q2 FY2021 | Jun 30, 2021 | 66.4% | −1.4 |
| Q1 FY2021 | Mar 31, 2021 | 66.7% | −1.5 |
| Q4 FY2020 | Dec 31, 2020 | 67.7% | +0.6 |
| Q3 FY2020 | Sep 30, 2020 | 68.5% | +1.3 |
| Q2 FY2020 | Jun 30, 2020 | 67.8% | +2.4 |
| Q1 FY2020 | Mar 31, 2020 | 68.3% | +0.2 |
| Q4 FY2019 | Dec 31, 2019 | 67.1% | −0.4 |
| Q3 FY2019 | Sep 30, 2019 | 67.2% | −0.3 |
| Q2 FY2019 | Jun 30, 2019 | 65.4% | −1.2 |
| Q1 FY2019 | Mar 31, 2019 | 68.1% | +1.5 |
| Q4 FY2018 | Dec 31, 2018 | 67.5% | +1.0 |
| Q3 FY2018 | Sep 30, 2018 | 67.5% | +0.8 |
| Q2 FY2018 | Jun 30, 2018 | 66.6% | +0.2 |
| Q1 FY2018 | Mar 31, 2018 | 66.6% | −0.0 |
| Q4 FY2017 | Dec 31, 2017 | 66.5% | +0.4 |
| Q3 FY2017 | Sep 30, 2017 | 66.7% | – |
| Q2 FY2017 | Jun 30, 2017 | 66.4% | – |
| Q1 FY2017 | Mar 31, 2017 | 66.6% | – |
| Q4 FY2016 | Dec 31, 2016 | 66.1% | – |
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