SPS Commerce, Inc. Operating Margin History
SPSC / Information Technology|10 years of SEC 10-K data (FY2016-FY2025)
15.7% in FY2025 with a 5-year CAGR of -0.3%.
Improved from 14.4% to 15.7% over the past 2 years.
At 15.7%, SPS Commerce, Inc.'s operating margin ranks #75 of 272 in the Information Technology sector. Operating Margin returned to growth in FY2025 after 2 years of decline, reaching 15.7%.
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 Change
- -0.1pp
- 5-Year Change
- -0.3pp
- 10-Year Change
- -
Operating Margin Trend
#75 of 272 in Information TechnologyTop 28% of 272This company 15.7% Sector average -209.0%
▼
+107.5% above sector average
Key Insights
- In FY2025, operating margin increased 12.9% year-over-year.
- Currently 224.7pp above the Information Technology sector average.
- Peak operating margin was recorded in FY2017.
- Lowest operating margin in the period was in FY2016.
Annual Data
| Year | Operating Margin | YoY Growth |
|---|---|---|
| FY2025 | 15.7% | +12.9% |
| FY2024 | 13.9% | -3.1% |
| FY2023 | 14.4% | -8.9% |
| FY2022 | 15.8% | +10.4% |
| FY2021 | 14.3% | -10.8% |
| FY2020 | 16.0% | +16.6% |
| FY2019 | 13.8% | +27.8% |
| FY2018 | 10.8% | -44.0% |
| FY2017 | 19.2% | +482.4% |
| FY2016 | 3.3% | -25.5% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026