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Sep 30, 2023

SPS Commerce Q3 2023 Earnings Report

SPS Commerce's Q3 2023 performance reflected ongoing investments in optimization and automation across the retail industry.

Key Takeaways

SPS Commerce reported its Q3 2023 financial results, achieving its 91st consecutive quarter of topline growth. The company's revenue grew by 18% year-over-year, with recurring revenue growth of 20% year-over-year.

SPS Commerce delivered its 91st consecutive quarter of topline growth.

Revenue growth was 18% year-over-year.

Recurring revenue growth was 20% year-over-year.

Chad Collins joined SPS Commerce as CEO.

Total Revenue
$136M
Previous year: $114M
+18.5%
EPS
$0.75
Previous year: $0.63
+19.0%
Gross Profit
$90.1M
Previous year: $75.9M
+18.8%
Cash and Equivalents
$239M
Previous year: $186M
+28.5%
Free Cash Flow
$38.1M
Previous year: $34M
+12.2%
Total Assets
$787M
Previous year: $637M
+23.6%

SPS Commerce

SPS Commerce

SPS Commerce Revenue by Segment