Company / Operating Margin
SPS Commerce, Inc. Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
15.7%
FY2025
5-year range
13.8% / 16.0%
FY2021-FY2025
Trend
+12.9%
vs FY2024
Sector context
#72 of 286
Information Technology
What the data says
SPS Commerce, Inc.'s operating margin of 15.7% is higher than 75% of companies in the Information Technology sector (FY2025). Operating Margin returned to growth in FY2025 after 2 years of decline, reaching 15.7%.
Based on SEC 10-K filings.
15.7% in FY2025 with a 5-year CAGR of +5.0%. Top quartile in the Information Technology sector.
Improved from 14.4% to 15.7% over the past 2 years.
Information Technology sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- -0.3pp
- 5-Year Change
- +5.0pp
- 10-Year Change
- -
Sector benchmark
+107.5% above sector average
Key checks
Key Insights
- In FY2025, operating margin increased 12.9% year-over-year.
- Currently 226.5pp above the Information Technology sector average.
- Peak operating margin was recorded in FY2017.
- Lowest operating margin in the period was in FY2016.
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 | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 15.7% | +12.9% |
| FY2024 | 13.9% | -3.1% |
| FY2023 | 14.4% | -10.3% |
| FY2022 | 16.0% | +16.6% |
| FY2021 | 13.8% | +27.8% |
| FY2020 | 10.8% | +137.2% |
| FY2019 | 4.5% | -57.8% |
| FY2018 | 10.8% | -44.0% |
| FY2017 | 19.2% | +482.4% |
| FY2016 | 3.3% | +94.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026