SPS Commerce Q2 revenue rises 22% to $187.4 million; net income up from a year earlier
SPS Commerce reported second-quarter 2025 revenue of $187.4 million, up 22% from $153.6 million a year earlier, and net income of $19.7 million, or $0.52 per diluted share, versus $18.0 million, or $0.48, in the prior-year quarter. The company also issued guidance calling for third-quarter revenue of $191.7 million to $193.2 million and full-year 2025 revenue of $759.0 million to $763.0 million.
Key points
- Q2 2025 revenue was $187.4 million, up from $153.6 million in Q2 2024; recurring revenue grew 24%.
- Diluted EPS was $0.52 versus $0.48; non-GAAP diluted EPS was $1.00 versus $0.80.
- Q3 2025 revenue guidance is $191.7 million to $193.2 million; full-year 2025 revenue guidance is $759.0 million to $763.0 million.
- Share repurchases in Q2 2025 totaled $20.0 million.
The filing
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 July 30, 2025.
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