SPS Commerce Inc (SPSC)

Net profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Net income (ttm)	US$ in thousands	77,054	78,506	71,888	68,538	65,824	62,728	61,749	57,820	55,134	51,984	47,570	47,000	44,597	45,302	45,260	46,271	45,586	41,278	38,812	36,414
Revenue (ttm)	US$ in thousands	637,765	611,823	583,798	560,618	536,910	513,963	492,788	471,550	450,875	431,613	415,014	400,375	385,276	365,828	347,498	328,532	312,630	302,055	293,426	286,382
Net profit margin		12.08%	12.83%	12.31%	12.23%	12.26%	12.20%	12.53%	12.26%	12.23%	12.04%	11.46%	11.74%	11.58%	12.38%	13.02%	14.08%	14.58%	13.67%	13.23%	12.72%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $77,054K ÷ $637,765K
= 12.08%

The net profit margin of SPS Commerce Inc has shown fluctuations over the periods presented in the data. It ranged from a low of 11.46% on June 30, 2022, to a high of 14.58% on December 31, 2020. The trend indicates some volatility, with ups and downs in performance over the quarters.

Overall, the company has maintained a relatively healthy net profit margin, staying above 11% for most of the periods. This suggests that SPS Commerce Inc is effectively managing its expenses and generating a reasonable profit in relation to its revenue.

However, the slight decline in net profit margin towards the end of the data period, dropping to 12.08% on December 31, 2024, may warrant further monitoring to assess the potential impact on the company's profitability and operational efficiency.