SPS Commerce Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 2007
Revenue	536.91	450.88	385.28	312.63	279.12	Upgrade
Revenue Growth (YoY)	19.08%	17.03%	23.24%	12.00%	12.44%	Upgrade
Cost of Revenue	182.07	153.07	131.68	99.84	92.24	Upgrade
Gross Profit	354.84	297.81	253.6	212.79	186.89	Upgrade
Selling, General & Admin	207.82	169.11	149.35	126.07	114.86	Upgrade
Research & Development	53.65	45.75	39.04	31.02	28.31	Upgrade
Other Operating Expenses	16.12	11.77	10.13	5.54	5.32	Upgrade
Operating Expenses	277.59	226.63	198.51	162.64	148.48	Upgrade
Operating Income	77.25	71.18	55.09	50.16	38.41	Upgrade
Other Expense / Income	-8.32	-0.14	1.54	-2.52	-3.66	Upgrade
Pretax Income	85.56	71.32	53.54	52.68	42.07	Upgrade
Income Tax	19.74	16.19	8.94	7.09	8.36	Upgrade
Net Income	65.82	55.13	44.6	45.59	33.71	Upgrade
Net Income Growth	19.39%	23.63%	-2.17%	35.22%	41.22%	Upgrade
Shares Outstanding (Basic)	37	36	36	35	35	Upgrade
Shares Outstanding (Diluted)	37	37	37	36	36	Upgrade
Shares Change	1.41%	-0.02%	1.87%	0.79%	2.24%	Upgrade
EPS (Basic)	1.80	1.53	1.24	1.29	0.96	Upgrade
EPS (Diluted)	1.76	1.49	1.21	1.26	0.94	Upgrade
EPS Growth	18.12%	23.14%	-3.97%	34.04%	38.24%	Upgrade
Free Cash Flow	112.54	80.17	93.31	72.1	58.21	Upgrade
Free Cash Flow Per Share	3.07	2.22	2.60	2.05	1.66	Upgrade
Gross Margin	66.09%	66.05%	65.82%	68.07%	66.95%	Upgrade
Operating Margin	14.39%	15.79%	14.30%	16.04%	13.76%	Upgrade
Profit Margin	12.26%	12.23%	11.58%	14.58%	12.08%	Upgrade
Free Cash Flow Margin	20.96%	17.78%	24.22%	23.06%	20.85%	Upgrade
Effective Tax Rate	23.07%	22.70%	16.70%	13.47%	19.87%	Upgrade
EBITDA	120.31	99.51	78.46	71.35	58.51	Upgrade
EBITDA Margin	22.41%	22.07%	20.36%	22.82%	20.96%	Upgrade
Depreciation & Amortization	34.75	28.19	24.91	18.67	16.44	Upgrade
EBIT	85.56	71.32	53.54	52.68	42.07	Upgrade
EBIT Margin	15.94%	15.82%	13.90%	16.85%	15.07%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).