SPS Commerce, Inc. Cost of Revenue History
SPSC / Information Technology|10 years of SEC 10-K data (FY2016-FY2025)
$232M in FY2025 with a 5-year CAGR of +18.3%.
Increased from $182M to $232M over the past 2 years.
At $232M, SPS Commerce, Inc.'s cost of revenue ranks #73 of 266 in the Information Technology sector. Cost of Revenue has increased for 9 consecutive years, from $64M in FY2016 to $232M in FY2025.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 3.46 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
- 3-Year CAGR
- +14.8%
- 5-Year CAGR
- +18.3%
- 10-Year CAGR
- -
Cost of Revenue Trend
#73 of 266 in Information TechnologyTop 27% of 266This company $231.6M Sector average $4.6B
▼
-94.9% below sector average
Key Insights
- SPS Commerce, Inc.'s cost of revenue has grown for 9 consecutive years.
- 5-year CAGR of +18.3%, indicating consistent growth.
- In FY2025, cost of revenue increased 9.9% year-over-year.
- Ranks #194 out of 266 companies in the Information Technology sector.
Annual Data
| Year | Cost of Revenue | YoY Growth |
|---|---|---|
| FY2025 | $231.6M | +9.9% |
| FY2024 | $210.7M | +15.7% |
| FY2023 | $182.1M | +18.9% |
| FY2022 | $153.1M | +16.2% |
| FY2021 | $131.7M | +31.9% |
| FY2020 | $99.8M | +8.2% |
| FY2019 | $92.2M | +12.8% |
| FY2018 | $81.7M | +11.0% |
| FY2017 | $73.6M | +14.4% |
| FY2016 | $64.3M | +28.6% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026