NASDAQ$SPSC

SPS Commerce Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

SPS Commerce reported second quarter financial results with revenue growth and announced a new share repurchase program.

SPS Commerce reported its second quarter financial results, highlighting an 86th consecutive quarter of topline growth. Revenue increased by 15% year-over-year, and recurring revenue grew by 16% year-over-year. The company also announced a new share repurchase program.

  • SPS Commerce achieved 86 consecutive quarters of topline growth.
  • Revenue increased by 15% year-over-year.
  • Recurring revenue growth was 16% year-over-year.
  • A new share repurchase program of up to $50.0 million was authorized.

Headline financials

Total Revenue

$109M

Previous: $94.5M+15.5%
EPS (adj)

$0.53

Previous: $0.46+15.2%
Capital Expenditures

-$8.19M

Previous: -$8.74M+6.3%
Free Cash Flow

$2.56M

Previous: $1.45M+77.3%
Net Income

$10.8M

Previous: $10.2M+5.6%
Operating Income

$16M

Previous: $13.5M+18.0%
Gross Profit

$71.6M

Previous: $62.8M+14.1%
Cash & Equivalents

$213M

Previous: $184M+15.4%
Total Assets

$623M

Previous: $572M+8.8%
Stock-Based Comp

$8.66M

Previous: $7.5M+15.5%

Revenue & EPS history

SPS Commerce · Revenue · Quarterly

$109M

Q2 2022+15.5%vs Q2 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

SPS Commerce · $16 total across 1 segment · Q2 2022

  • Recurring Revenue
    $16

Forward guidance

The press release provides guidance for the third quarter and full year 2022, but exact values are not provided in this document.

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 Q2 2022

Historical avgQ2 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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