AI brief of an SEC Form 8-K · SPS Commerce (SPSC)

SPS Commerce Q3 revenue rises 21% to $163.7 million; net income up to $23.5 million

Positive Impact 3 of 5 earnings Written later

SPS Commerce reported third quarter 2024 revenue of $163.7 million, up 21% from a year earlier, and diluted EPS of $0.62 versus $0.45. The company also issued fourth quarter and full-year 2024 guidance, with full-year revenue expected at $635.4 million to $636.4 million, or 18% to 19% growth. For shareholders, the headline measures of revenue and profit both improved, and the guidance points to continued growth.

Key points

  • Q3 2024 revenue was $163.7 million, up from $135.7 million in Q3 2023, reflecting 21% growth.
  • Q3 2024 net income was $23.5 million, or $0.62 per diluted share, compared with $16.8 million, or $0.45, a year earlier.
  • Q4 2024 revenue is expected at $168.5 million to $169.5 million, or 16% to 17% year-over-year growth.
  • Full-year 2024 non-GAAP income per diluted share is expected at $3.41 to $3.42.

The filing

CompanySPS Commerce (SPSC)
Form8-K, current report
Filed with the SECOct 24, 2024, 4:13 PM ET
Accession number0001092699-24-000072

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 24, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.