NASDAQ$SPSC
SPS Commerce Inc. · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
SPS Commerce delivered strong financial results, marked by revenue growth and strategic investments.
SPS Commerce reported a strong first quarter in 2021, achieving its 81st consecutive quarter of topline growth. Revenue increased by 21% compared to the first quarter of 2020, with recurring revenue growing by 18%. The company's net income also saw a rise, and ongoing investments have expanded the addressable market and strengthened competitive differentiation.
- Revenue reached $90.1 million, a 21% increase year-over-year.
- Recurring revenue grew by 18% compared to Q1 2020.
- Net income was $10.2 million, or $0.28 per diluted share.
- Non-GAAP net income per diluted share was $0.43.
Headline financials
Revenue & EPS history
SPS Commerce · Revenue · Quarterly
$90.1M
Forward guidance
SPS Commerce anticipates continued growth in the second quarter of 2021, with revenue expected to be in the range of $90.5 million to $91.5 million. The company also provided guidance for net income per diluted share and non-GAAP net income per diluted share.
Tailwinds
- Second quarter revenue is expected to be in the range of $90.5 million to $91.5 million.
- Second quarter net income per diluted share is expected to be in the range of $0.20 to $0.21.
- Second quarter Non-GAAP net income per diluted share is expected to be in the range of $0.39 to $0.40.
- Adjusted EBITDA is expected to be in the range of $24.8 million to $25.5 million.
- Full year revenue is expected to be in the range of $371.1 million to $373.6 million, representing 19% to 20% growth over 2020.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+1.1%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+2.8%
Avg return
30 days after
62%
40 / 65 earnings
Positive
+18.5%
Q2 2013
Best reaction
-21.7%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.5% | -0.4% | +1.1% | |
| Q4 2025 | -4.4% | -9.8% | -6.5% | |
| Q3 2025 | -20.3% | -21.8% | -19.8% | |
| Q1 2025 | -0.9% | +3.2% | +2.8% | |
| Q4 2024 | -13.8% | -17.5% | -30.5% | |
| Q3 2024 | -10.2% | -8.9% | -0.3% | |
| Q2 2024 | +1.8% | +1.1% | -3.4% | |
| Q1 2024 | +4.6% | +1.6% | +13.3% | |
| Q4 2023 | +15.6% | +5.8% | +1.1% | |
| Q3 2023 | -1.4% | +2.5% | +12.0% | |
| Q2 2023 | -0.3% | +0.1% | +2.6% | |
| Q1 2023 | +4.2% | +4.9% | +14.8% | |
| Q4 2022 | +6.0% | +9.7% | +3.0% | |
| Q3 2022 | +0.7% | -1.7% | +3.1% | |
| Q2 2022 | +4.9% | +10.8% | +10.3% | |
| Q1 2022 | +1.3% | +1.2% | -8.2% | |
| Q4 2021 | +3.4% | +2.9% | -1.8% | |
| Q3 2021 | -9.1% | -13.2% | -16.3% | |
| Q2 2021 | +9.7% | +12.6% | +35.3% | |
| Q1 2021 | +0.2% | -4.0% | -8.2% | |
| Q4 2020 | +1.4% | +1.7% | -1.6% | |
| Q3 2020 | -0.6% | +0.8% | +21.2% | |
| Q2 2020 | +1.4% | +1.7% | +9.1% | |
| Q1 2020 | -0.2% | +2.7% | +25.2% | |
| Q4 2019 | +3.6% | +4.5% | -22.6% | |
| Q3 2019 | +9.8% | +9.5% | +17.8% | |
| Q2 2019 | +9.8% | +9.7% | -3.9% | |
| Q1 2019 | +4.8% | +1.5% | -0.8% | |
| Q4 2018 | +15.4% | +18.0% | +16.3% | |
| Q3 2018 | +16.0% | +13.3% | +2.0% | |
| Q2 2018 | +10.9% | +11.0% | +25.8% | |
| Q1 2018 | +5.9% | +8.9% | +12.9% | |
| Q4 2017 | +9.6% | +6.2% | +24.4% | |
| Q3 2017 | -14.5% | -13.7% | -11.7% | |
| Q2 2017 | +0.2% | -0.8% | +1.0% | |
| Q1 2017 | -0.3% | +1.0% | +5.6% | |
| Q4 2016 | -19.3% | -14.0% | -19.2% | |
| Q3 2016 | -9.7% | -10.2% | -2.5% | |
| Q2 2016 | +3.9% | +3.0% | +7.5% | |
| Q1 2016 | +7.9% | — | — | |
| Q4 2015 | -21.7% | — | — | |
| Q3 2015 | +0.6% | — | — | |
| Q2 2015 | -1.6% | — | — | |
| Q1 2015 | +1.1% | — | — | |
| Q4 2014 | +9.6% | — | — | |
| Q3 2014 | -0.6% | — | — | |
| Q2 2014 | -2.9% | — | — | |
| Q1 2014 | -7.2% | — | — | |
| Q4 2013 | +4.0% | — | — | |
| Q3 2013 | +5.3% | — | — | |
| Q2 2013 | +18.5% | — | — | |
| Q1 2013 | +11.4% | — | — | |
| Q4 2012 | +0.1% | — | — | |
| Q3 2012 | -9.8% | — | — | |
| Q2 2012 | +11.6% | — | — | |
| Q1 2011 | -0.9% | — | — | |
| Q1 2012 | -2.9% | — | — | |
| Q4 2011 | +1.7% | — | — | |
| Q4 2009 | +1.7% | — | — | |
| Q3 2011 | +3.3% | — | — | |
| Q2 2010 | -2.0% | — | — | |
| Q2 2011 | -2.0% | — | — | |
| Q4 2010 | +0.8% | — | — | |
| Q3 2010 | +2.7% | — | — | |
| Q1 2010 | -0.3% | — | — |
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