---
schema_version: "secwatch.filing_event.v1"
accession: "0001092699-24-000045"
form_type: "8-K"
ticker: "SPSC"
cik: "0001092699"
company_name: "SPS COMMERCE INC"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:23:37.384892+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# SPS Commerce Q1 revenue $149.6M (+19% YoY); EPS $0.48, non-GAAP $0.86

## Summary
- Revenue $149.6M, recurring revenue +19% YoY; 93rd consecutive quarter of topline growth.
- GAAP net income $18.0M ($0.48 diluted EPS) vs $15.3M ($0.41) in Q1 2023.
- Non-GAAP EPS $0.86 vs $0.67; Adjusted EBITDA $44.4M, up 20% YoY.
- Q2 2024 guidance: revenue $150.9-151.7M; non-GAAP EPS $0.75-0.76.
- FY2024 guidance: revenue $619.9-621.9M (15-16% growth); non-GAAP EPS $3.28-3.32.

## SEC filing metadata
- accession: 0001092699-24-000045
- form_type: 8-K
- ticker: SPSC
- cik: 0001092699
- company_name: SPS COMMERCE INC
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1092699/000109269924000045/0001092699-24-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1092699/000109269924000045/spsc-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001092699-24-000045
- JSON: https://secwatch.observer/filing/0001092699-24-000045.json
- Plain text: https://secwatch.observer/filing/0001092699-24-000045.txt

## Key facts
- Earnings Releases
  SPS COMMERCE INC reported first quarter ended March 31, 2024 results: net income $18.0 million, EPS $0.48 per diluted share.
  - Period: first quarter ended March 31, 2024
  - Net income: $18.0 million
  - EPS: $0.48 per diluted share
  - Result: reported results
  source text: Revenue was $149.6 million in the first quarter of 2024, compared to $125.9 million in the first quarter of 2023, reflecting 19% growth.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1092699/000109269924000045/0001092699-24-000045-index.htm
- Earnings Releases
  SPS COMMERCE INC reported first quarter ended March 31, 2024 results: net income $18.0 million, EPS $0.48 per diluted share.
  - Period: first quarter ended March 31, 2024
  - Net income: $18.0 million
  - EPS: $0.48 per diluted share
  - Result: reported results
  source text: Net income was $18.0 million or $0.48 per diluted share, compared to net income of $15.3 million or $0.41 per diluted share in the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1092699/000109269924000045/0001092699-24-000045-index.htm
- Earnings Releases
  SPS COMMERCE INC reported fiscal year 2024 results: revenue $619.9 million to $621.9 million, EPS $1.99 to $2.02.
  - Period: fiscal year 2024
  - Revenue: $619.9 million to $621.9 million
  - EPS: $1.99 to $2.02
  - Result: guidance update
  source text: Revenue is expected to be in the range of $619.9 million to $621.9 million, representing 15% to 16% growth over 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1092699/000109269924000045/0001092699-24-000045-index.htm
- Earnings Releases
  SPS COMMERCE INC reported second quarter 2024 results: revenue $150.9 million to $151.7 million, EPS $0.45 to $0.46.
  - Period: second quarter 2024
  - Revenue: $150.9 million to $151.7 million
  - EPS: $0.45 to $0.46
  - Result: guidance update
  source text: Revenue is expected to be in the range of $150.9 million to $151.7 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1092699/000109269924000045/0001092699-24-000045-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.