SPSCSPS Commerce, Inc.

$84.53-21% 1Y

Is it growing?

Watch

Growth is fading: earnings down −5% year on year and operating margin narrowing (−1.8 points).

2 to watch, 1 neutral
Revenue trend+10% in a year

Trailing-twelve-month revenue vs a year earlier, from the company's own filings. Five-year pace: +17% a year.

Earnings trend−5% in a year

Trailing-twelve-month earnings per share against a year earlier. Growing slower than revenue, so the growth is costing something.

Margin direction−1.8 points operating

Trailing-twelve-month operating margin, 12.9% now against 14.6% a year earlier.

All from SEC EDGAR, as of Jun 30, 2026.

Against the whole market›

Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.

Revenue growth, 3 yearsbetter than 84% of the market

Where this answer is blind. These are trailing numbers from the filings, not forecasts: an acquisition or a one-off year can flatter them, so check the quarters.

Is SPSC growing?

SPS Commerce, Inc. has grown revenue 16% a year over three years and 17% a year over five, with earnings per share compounding at 7.8%.

+16%

Revenue growth, 3-year annual rate · Software - Application median +14% · compounding fast · compounded from trailing twelve-month revenue

Revenue growth, 5-year rate
+17%

Revenue growth, 5-year rate · +16% over three · growth has slowed since the five-year average

Earnings per share, 3-year rate
+7.8%

Earnings per share, 3-year rate · revenue +16% · earnings lagged revenue: the growth is costing something

Years of annual history on file
17

Years of annual history on file · FY2009 to FY2025, as filed

Details›
Revenue FY2021
$385M
Revenue FY2022
$451M
Revenue FY2023
$537M
Revenue FY2024
$638M
Revenue FY2025
$752M

Annual income statements as filed with the SEC.