Quick Answer
SPS COMMERCE INC reported R&D Expense of $68.68 million for fiscal year 2025.
SPS COMMERCE INC R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY 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 | +22.4% |
| 2015 | $17.95M | +33.1% |
| 2014 | $13.49M | +24.1% |
| 2013 | $10.87M | +33.1% |
| 2012 | $8.17M | +39.9% |
| 2011 | $5.84M | +34.2% |
| 2010 | $4.35M | +1.0% |
| 2009 | $4.30M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $17.28M | +13.0% | +0.0% |
| June 30, 2025 | $17.27M | +20.2% | -1.0% |
| March 31, 2025 | $17.44M | +8.9% | +14.0% |
| September 30, 2024 | $15.29M | +12.8% | +6.4% |
| June 30, 2024 | $14.37M | +7.9% | -10.3% |
| March 31, 2024 | $16.01M | +27.4% | +18.1% |
| September 30, 2023 | $13.56M | +21.8% | +1.8% |
| June 30, 2023 | $13.32M | +16.5% | +6.0% |
- SPS COMMERCE INC showed an increase of +9.3% in R&D Expense compared to the prior fiscal year.
- Over the 2009–2025 period, SPS COMMERCE INC’s r&d expense has grown by 1495.4% (from $4.30 million to $68.68 million).
- The most recent figure is from SPS COMMERCE INC’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 19, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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