SPS COMMERCE, INC. (SPSC) Return on equity 2016–2025
SPS COMMERCE, INC. (SPSC) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
9.6%FY2025 · since FY2016: 1.9% → 9.6%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 9.6% | +0.6 pp |
| FY2024 | 9.0% | -0.8 pp |
| FY2023 | 9.9% | -0.4 pp |
| FY2022 | 10.3% | +1.1 pp |
| FY2021 | 9.2% | -1.6 pp |
| FY2020 | 10.8% | +1.3 pp |
| FY2019 | 9.5% | +2.0 pp |
| FY2018 | 7.5% | +7.4 pp |
| FY2017 | 0.1% | -1.8 pp |
| FY2016 | 1.9% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice
More SPSC financial trends
SPSC RevenueSPSC Net incomeSPSC Net marginSPSC Gross profitSPSC Gross marginSPSC Operating incomeSPSC Operating marginSPSC Operating cash flowSPSC Free cash flowSPSC Capital expendituresSPSC Stock buybacksSPSC Dividends paidSPSC Total assetsSPSC Total liabilitiesSPSC Shareholders’ equitySPSC overview →