SPS Commerce Inc (SPSC)

Return on equity (ROE)

		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
Total stockholders’ equity	US$ in thousands	854,690	829,365	703,421	682,965	667,475	626,844	600,981	565,889	537,073	507,663	497,020	491,521	484,259	470,528	454,749	440,523	420,721	394,940	373,310	355,188
ROE		9.02%	9.47%	10.22%	10.04%	9.86%	10.01%	10.27%	10.22%	10.27%	10.24%	9.57%	9.56%	9.21%	9.63%	9.95%	10.50%	10.84%	10.45%	10.40%	10.25%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $77,054K ÷ $854,690K
= 9.02%

The return on equity (ROE) of SPS Commerce Inc has fluctuated over the past few years. From March 31, 2020, to December 31, 2020, there was a gradual increase in ROE from 10.25% to 10.84%. However, starting from March 31, 2021, there was a slight decline in ROE, which reached its lowest point at 9.21% by December 31, 2021.

Subsequently, there was a mixed trend in ROE with fluctuations between 9.21% and 10.27% over the following years, but with no clear upward or downward trajectory. Overall, the ROE ranged from a low of 9.02% on December 31, 2024, to a high of 10.84% on December 31, 2020.

Investors and stakeholders may analyze these variations in ROE to assess the company's profitability and efficiency in generating returns for its shareholders relative to their equity investments. Further analysis would be needed to understand the factors contributing to these fluctuations and determine the company's performance and financial health.