Company / Cost of Revenue
SPS Commerce, Inc. Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$231.6M
FY2025
5-year range
$92.2M / $231.6M
FY2021-FY2025
Trend
+9.9%
vs FY2024
Sector context
#194 of 276
Information Technology
What the data says
At $232M, SPS Commerce, Inc.'s cost of revenue ranks #83 of 276 in the Information Technology sector. Cost of Revenue has increased for 6 consecutive years, from $74M in FY2019 to $232M in FY2025.
Based on SEC 10-K filings.
$232M in FY2025 with a 5-year CAGR of +23.2%.
Increased from $182M to $232M over the past 2 years.
Information Technology sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +32.4%
- 5-Year CAGR
- +23.2%
- 10-Year CAGR
- -
Sector benchmark
#83 of 276 in Information TechnologyTop 30% of 276This company $231.6M Sector average $4.0B
▼
-94.2% below sector average
Key checks
Key Insights
- SPS Commerce, Inc.'s cost of revenue has grown for 6 consecutive years.
- 5-year CAGR of +23.2%, indicating consistent growth.
- In FY2025, cost of revenue increased 9.9% year-over-year.
- Ranks #194 out of 276 companies in the Information Technology sector.
Company context
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.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $231.6M | +9.9% |
| FY2024 | $210.7M | +15.7% |
| FY2023 | $182.1M | +82.4% |
| FY2022 | $99.8M | +8.2% |
| FY2021 | $92.2M | +12.8% |
| FY2020 | $81.7M | +11.0% |
| FY2019 | $73.6M | -9.9% |
| FY2018 | $81.7M | +11.0% |
| FY2017 | $73.6M | +14.4% |
| FY2016 | $64.3M | +102.5% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026