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