SPS Commerce (SPSC) r&d spend was $69M in FY2025 (+9% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$69M
+9%
2024
$63M
+17%
2023
$54M
+17%
2022
$46M
+17%
2021
$39M
+26%
2020
$31M
+10%
2019
$28M
+28%
2018
$22M
-5%
2017
$23M
+5%
2016
$22M
+22%
2015
$18M
+33%
2014
$13M
+24%
2013
$11M
+33%
2012
$8M
+40%
2011
$6M
+34%
2010
$4M
+1%
2009
$4M
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q2 2026
$17M
Q1 2026
$18M
Q4 2025
$17M
Q3 2025
$17M
Q2 2025
$17M
Q1 2025
$17M
Q4 2024
$17M
Q3 2024
$15M
Q2 2024
$14M
Q1 2024
$16M
Q4 2023
$14M
Q3 2023
$14M
Source: SPSC on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.