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SPS Commerce's revenue is $637.8 million.

What is SPS Commerce's revenue?

SPS Commerce's annual revenue is $637.8M. Zippia's data science team found the following key financial metrics about SPS Commerce after extensive research and analysis.
  • SPS Commerce's revenue growth from 2009 to 2024 is 1,589.62%.
  • SPS Commerce has 1,572 employees, and the revenue per employee ratio is $405,702.
  • SPS Commerce's peak quarterly revenue was $170.9M in 2024(q4).
  • SPS Commerce peak revenue was $637.8M in 2024.
  • SPS Commerce annual revenue for 2023 was 536.9M, 19.08% growth from 2022.
  • SPS Commerce annual revenue for 2024 was 637.8M, 18.78% growth from 2023.

On this page

Most recent quarter revenue
$170.9M (Q4'2024)
Company most recent quarter revenue
Peak revenue
$637.8M (2024)
Company peak revenue
Revenue / employee
$405,703
Company revenue / employee

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Most recent quarter revenue
$170.9M (Q4'2024)
Company most recent quarter revenue
Peak revenue
$637.8M (2024)
Company peak revenue
Revenue / employee
$405,703
Company revenue / employee

SPS Commerce historical revenue

SPS Commerce's peak revenue was $637.8M in 2024. The peak quarterly revenue was $170.9M in 2024(q4).

SPS Commerce's revenue increased from $37.7m in 2009 to $637.8M currently. That's a 1,589.62% change in annual revenue.

SPS Commerce annual revenue

$638M
$510M
$383M
$255M
$128M
$0
2019
2020
2021
2022
2023
2024

SPS Commerce annual revenue over time

Fiscal year / yearSPS Commerce revenue
2009$37.7M
2010$44.6M
2011$58.0M
2012$77.1M
2013$104.4M
2014$127.9M
2015$158.5M
2016$193.2M
2017$220.1M
2018$248.2M
2019$279.1M
2020$312.6M
2021$385.3M
2022$450.9M
2023$536.9M
2024$637.8M

How accurately did SPS Commerce's revenue projections match actual performance?

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SPS Commerce annual growth

SPS Commerce saw the greatest revenue growth in 2013, when revenue increased by 35.39%.

SPS Commerce had the lowest revenue growth in 2020, when revenue changed by 12.0%.

SPS Commerce annual growth rate over time

YearSPS Commerce growth
2010
18%
2011
30%
2012
33%
2013
35%
2014
23%
2015
24%
2016
22%
2017
14%
2018
13%
2019
12%
2020
12%
2021
23%
2022
17%
2023
19%
2024
19%

SPS Commerce quarterly revenue over time

  • Q1
  • Q2
  • Q3
  • Q4
$171M
$137M
$103M
$68M
$34M
$0
2020
2021
2022
2023
2024

SPS Commerce quarterly growth rate over time

YearQ1Q2Q3Q4
2009---$10.0M
2010$10.2M$10.9M$11.5M$11.9M
2011$12.6M$13.9M$15.5M$15.9M
2012$16.5M$17.8M$20.3M$22.5M
2013$23.8M$25.7M$27.0M$28.0M
2014$28.9M$31.1M$32.5M$35.4M
2015$37.0M$38.8M$40.4M$42.3M
2016$45.6M$47.4M$49.3M$50.9M
2017$51.9M$54.1M$56.1M$58.1M
2018$59.1M$61.1M$62.9M$65.2M
2019$66.9M$68.5M$70.9M$72.7M
2020$74.2M$75.6M$79.6M$83.3M
2021$90.1M$94.5M$97.9M$102.8M
2022$105.2M$109.2M$114.5M$122.0M
2023$125.9M$130.4M$135.7M$145.0M
2024$149.6M$153.6M$163.7M$170.9M

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Is SPS Commerce transparent about its revenue structure?

SPS Commerce financial information

CEOArchie C. Black
IndustrySoftware & Services
Company TypePublic
Employees Number1,572
Date Founded1987
HeadquartersMinneapolis, Minnesota
Number of Locations2
Revenue$637.8M
Net Income$55,134,000
Gross Proft$427.1M (2024)
EBITDA$30.1M (2018)
PE Ratio20.23
Tax Rate0.2%
Market Capitalization$1.6B
Total Assets$672,914,000
TickerSPSC

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SPS Commerce financing

SPS Commerce received early financing of $15.0M on 2000-02-08.

SeriesRound sizeDate
Series C$15M02/2000
Series D$10M06/2001
Series Unknown$18M05/2003
Series Unknown$7.5M05/2007

SPS Commerce investors

InvestorsSecurity type
Granite VenturesSeries C
St Paul Venture Capital IncSeries C
Axiom VenturesSeries C
Brinson PartnersSeries C
CID Equity PartnersSeries D
Granite VenturesSeries D
St Paul Venture Capital IncSeries D
Axiom VenturesSeries D
Adams Street PartnersSeries D
St Paul Venture Capital IncSeries Unknown
Adams Street PartnersSeries Unknown
River Cities Capital FundsSeries Unknown
CID Equity PartnersSeries Unknown
Granite VenturesSeries Unknown
St Paul Venture Capital IncSeries Unknown
ABN AMRO BankSeries Unknown
River Cities Capital FundsSeries Unknown

SPS Commerce competitors

SPS Commerce's top competitor, Intuit, earned an annual revenue of $16.3B.

SPS Commerce's smallest competitor is T2 Systems with revenue of $6.9M last year.

SPS Commerce revenue FAQs

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Zippia gives an in-depth look into the details of SPS Commerce, including salaries, political affiliations, employee data, and more, in order to inform job seekers about SPS Commerce. The employee data is based on information from people who have self-reported their past or current employments at SPS Commerce. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by SPS Commerce. The data presented on this page does not represent the view of SPS Commerce and its employees or that of Zippia.

SPS Commerce may also be known as or be related to SPS COMMERCE INC, SPS Commerce, SPS Commerce Inc, SPS Commerce Inc., SPS Commerce, Inc. and Sps Commerce.