SPS Commerce, Inc.SPSCNASDAQ
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R&D Expense Growth Recovery in Progress
Trending higher, below historical average, structural decline.
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Year-over-year research & development expense growth

Latest
0.03%
↓ 99% below average
Average (39q)
3.79%
Historical baseline
Range
High:26.62%
Low:-16.69%
CAGR
-13.7%
Structural decline
PeriodValue
Q3 20250.03%
Q2 2025-0.96%
Q1 20251.73%
Q4 202412.10%
Q3 20246.45%
Q2 2024-10.26%
Q1 202412.61%
Q4 20234.85%
Q3 20231.80%
Q2 20236.01%
Q1 20230.67%
Q4 202212.08%
Q3 2022-2.60%
Q2 20226.83%
Q1 20221.15%
Q4 2021-2.53%
Q3 202121.97%
Q2 20212.22%
Q1 20219.69%
Q4 2020-1.44%
Q3 20207.86%
Q2 2020-1.35%
Q1 2020-3.73%
Q4 20191.52%
Q3 201918.96%
Q2 20195.12%
Q1 2019-4.97%
Q4 201826.62%
Q3 2018-2.78%
Q2 20183.14%
Q1 2018-16.69%
Q4 2017-5.94%
Q3 201721.98%
Q2 20175.17%
Q1 2017-11.92%
Q4 20163.98%
Q3 20160.58%
Q2 20169.33%
Q1 20163.53%
Q4 20158.95%