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Dec 31, 2022

SPS Commerce Q4 2022 Earnings Report

SPS Commerce reported strong Q4 2022 results, delivering the 88th consecutive quarter of topline growth.

Key Takeaways

SPS Commerce announced financial results for the fourth quarter and year ended December 31, 2022. The company delivered its 88th consecutive quarter of topline growth, with fourth-quarter revenue growing 19% and recurring revenue growing 20% from the fourth quarter of 2021.

SPS Commerce consistently executed on its mission to connect all retail trading partners.

The company remained laser-focused on improving customer experience.

Strategic investments helped build the world’s largest cloud retail network.

SPS Commerce is positioned for continued success.

Total Revenue
$122M
Previous year: $103M
+18.7%
EPS
$0.63
Previous year: $0.46
+37.0%
Gross Profit
$80.5M
Previous year: $67.1M
+19.9%
Cash and Equivalents
$163M
Previous year: $208M
-21.5%
Free Cash Flow
$17.6M
Previous year: $27.3M
-35.6%
Total Assets
$673M
Previous year: $616M
+9.3%

SPS Commerce

SPS Commerce

SPS Commerce Revenue by Segment