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The financials
SPS Commerce, Inc. by the numbers
SPS Commerce, Inc. (SPSC) reported revenue of $192M in Q1 2026 (quarter ended Mar 31, 2026), up 5.8% from the same quarter a year earlier. That came with a gross margin of 69% and net income of $20M (10% of revenue). For the full year FY2025, revenue was $752M (+18% year on year) and net income $93M. Its largest product in Jun 2026 was Fulfillment at $170M, 89% of the disclosed total, well ahead of Analytics at 7.4%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $192M | $182M | +5.8% |
| Gross profit | $133M | $125M | +6.6% |
| Operating income | $25M | $26M | −5.4% |
| Net income | $20M | $22M | −11% |
| Diluted EPS | $0.53 | $0.58 | −8.6% |
| Product | Revenue | Share |
|---|---|---|
| Fulfillment | $170M | 89% |
| Analytics | $14M | 7.4% |
| Other | $6.3M | 3.3% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $190.4M (+3.2%)
Fulfillment grew +6.9% year on yearAnalytics +1.4% year on year
Segment Latestquarter on quarteryear on year
- Fulfillment$170.0M$170.0MQoQ +3.5%year on year +6.9%+3.5%+6.9%
- Analytics$14.1M$14.1MQoQ +0.05%year on year +1.4%+0.05%+1.4%
- Other$6.3M$6.3MQoQ +3.7%year on year +1.9%+3.7%+1.9%
Software - Application
Ranks #43 of 72 by Smart Score