Recurring Revenues was Sps Commerce’s largest revenue line in fiscal 2025, bringing in $637.65M of $671.18M (95%).
| Contract with Customer, Duration | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Recurring Revenues | $364.15M | $436.70M | $523.70M | $637.65M | ||||||
| One-Time Revenues | $31.83M | $34.90M | $37.68M | $33.53M | ||||||
| Total | $395.98M | $471.60M | $561.38M | $671.18M |
Sps Commerce brought in $671.18M from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 19.6% from $561.38M in fiscal 2024. Recurring Revenues was the largest at $637.65M (95.0%), ahead of One-Time Revenues at $33.53M (5.0%).
Compared with fiscal 2024, Recurring Revenues grew 21.8% to $637.65M, while One-Time Revenues fell 11.0% to $33.53M. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $395.98M to $671.18M, a compound annual growth rate of 19.2%. Recurring Revenues' share of the total rose from 92.0% to 95.0%.
As Previously Reported was Sps Commerce’s largest revenue line in fiscal 2016, bringing in $193.30M of $193.15M (100%).
| Initial Application Period Cumulative Effect Transition (2) | FY 2016 |
|---|---|
| As Previously Reported | $193.30M |
| Adjustments | -$142.00K |
| Total | $193.15M |
Sps Commerce brought in $193.15M from its two revenue lines in fiscal 2016, the year ended December 31, 2016. As Previously Reported was the largest at $193.30M (100.1%).
The total is net of Adjustments, which took $142.00K off revenue in fiscal 2016.
Sps Commerce (SPSC) reports its revenue by contract with customer, duration and by initial application period cumulative effect transition (2). In fiscal 2025, Recurring Revenues was its largest revenue line, bringing in $637.65M (95.0% of the total), followed by One-Time Revenues at $33.53M (5.0%).
Recurring Revenues was Sps Commerce's largest revenue line in fiscal 2025, bringing in $637.65M, or 95.0% of the $671.18M total across its two revenue lines.
Recurring Revenues grew faster than One-Time Revenues in fiscal 2025, up 21.8% from $523.70M to $637.65M. One-Time Revenues fell 11.0% to $33.53M.
Every figure comes from Sps Commerce's annual financial filings, as reported. Each line keeps the name Sps Commerce gives it, and years follow its fiscal calendar.
Sps Commerce's revenue by contract with customer, duration goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.