SPS Commerce, Inc.SPSCNASDAQ
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R&D Expenses Over TimeStrong
Percentile Rank100
3Y CAGR+14.5%
5Y CAGR+17.2%
Studio
Year-over-Year Change

Research and development spending

3Y CAGR
+14.5%/yr
vs +20.0%/yr prior
5Y CAGR
+17.2%/yr
Consistent
Acceleration
-5.5pp
Decelerating
Percentile
P100
Near historical high
vs 5Y Ago
2.2x
Strong expansion
Streak
7 yr
Consecutive growthStrong
PeriodValueYoY Change
2025$68.68M+9.3%
2024$62.81M+17.1%
2023$53.65M+17.3%
2022$45.75M+17.2%
2021$39.04M+25.8%
2020$31.02M+9.6%
2019$28.30M+28.2%
2018$22.09M-4.7%
2017$23.18M+5.5%
2016$21.98M-