SPS COMMERCE INCSPSC

Market cap

$3.3B

P/E ratio

	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Revenues	-	-	-	-	-	-	-	248	279	313	385	451	537	638
Cost of Revenue	15	22	32	40	50	64	74	82	92	100	132	153	182	211
Gross profit	43	55	73	88	108	129	147	166	187	213	254	298	355	427
Sales and marketing	24	30	40	47	55	66	73	72	70	76	88	102	123	149
Research and development	6	8	11	13	18	22	23	22	28	31	39	46	54	63
General and administrative	11	14	17	20	25	29	37	42	45	50	61	67	85	103
Amortization of intangible assets	1	2	3	3	3	5	5	4	5	6	10	12	16	24
Total operating expenses	41	53	71	84	101	121	139	140	148	163	199	227	278	338
Income from operations	1	2	2	4	7	8	8	27	38	50	55	71	77	89
Other income, net	-0	-0	-0	-0	0	1	1	2	4	3	-2	0	8	11
Income before income taxes	-	-	-	-	7	9	9	28	42	53	54	71	86	99
Income tax expense	-13	0	1	1	2	3	12	4	8	7	9	16	20	22
Net income	14	1	1	3	5	6	-2	24	34	46	45	55	66	77
Foreign currency translation adjustments	-	-	-	-	-	-	4	-4	1	1	-1	-2	3	-9
Unrealized gain on investments, net of tax of $363, $644, and $147, respectively	-	-	-	-	-	-	-	0	0	-0	-0	0	2	1
Reclassification of gain on investments into earnings, net of tax of $(537), $(564), and $(55), respectively	-	-	-	-	-	-	-0	0	0	0	-0	0	2	2
Total other comprehensive income (expense)	-	-	-	1	2	6	-	-	-	1	-0	-2	4	-10
Comprehensive income	-	-	-	-	-	-	2	20	35	47	44	53	69	67
Earnings Per Share, Basic	1.15	0.09	0.07	0.17	0.28	0.34	-0.14	1.39	0.96	1.29	1.24	1.53	1.8	2.07
Earnings Per Share, Diluted	1.08	0.09	0.07	0.16	0.27	0.33	-0.14	1.36	0.94	1.26	1.21	1.49	1.76	2.04