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    SEC Form 11-K filed by SPS Commerce Inc.

    6/25/25 4:54:22 PM ET
    $SPSC
    Computer Software: Prepackaged Software
    Technology
    Get the next $SPSC alert in real time by email
    11-K 1 a2024_11k.htm 11-K Document

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C. 20549
    FORM 11-K
    ⊠    ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
    For the fiscal year ended December 31, 2024

    OR
    ☐    TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
    For the transition period from to  

    Commission file number 001-34702
    A.    Full title of the plan and the address of the plan, if different from that of the issuer named below:
    SPS Commerce, Inc. 401(k) Retirement Savings Plan
    B.    Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

    SPS COMMERCE, INC.
    spslogo.jpg

    333 South Seventh Street, Suite 1000
    Minneapolis, Minnesota 55402

































    Table of Contents

    SPS COMMERCE, INC.
    ANNUAL REPORT ON FORM 11-K
    TABLE OF CONTENTS

    Page
    Report of Independent Registered Public Accounting Firm
    3
    Financial Statements:
    Statements of Net Assets Available for Benefits
    4
    Statement of Changes in Net Assets Available for Benefits
    5
    Notes to Financial Statements
    6
    Supplementary Information*:
    Form 5500, Schedule H, Part IV, Line 4(i) – Schedule of Assets (Held at End of Year)
    10
    Exhibit Index
    11
    Signatures
    11

    *    All other schedules required by 29 CFR 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), are not included because they are not applicable.
    Unless the context otherwise requires, for purposes of this Annual Report on Form 11-K, the word “Company” refers to SPS Commerce, Inc.


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    2
    Form 11-K for the Year Ended December 31, 2024



    Table of Contents

    Report of Independent Registered Public Accounting Firm

    To the SPS Commerce, Inc. 401(k) Retirement Savings Plan
    Plan Administrator and Plan Participants

    Opinion on the Financial Statements
    We have audited the accompanying statements of net assets available for benefits of SPS Commerce, Inc. 401(k) Retirement Savings Plan (the “Plan”) as of December 31, 2024 and 2023, and the related statement of changes in net assets available for benefits for the year ended December 31, 2024, and the related notes and schedule (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2024 and 2023, and the changes in net assets available for benefits for the year ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

    Basis for Opinion
    These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

    We conducted our audits in accordance with standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.

    Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

    Supplemental Information
    The Schedule H, Line 4i – Schedule of Assets (Held at End of Year) as of December 31, 2024, has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.

    /s/ Wipfli LLP

    We have served as the Plan’s auditor since 2022.

    Minneapolis, Minnesota
    June 25, 2025


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    3
    Form 11-K for the Year Ended December 31, 2024



    Table of Contents




    SPS COMMERCE, INC.
    401(K) RETIREMENT SAVINGS PLAN
    STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

    December 31,
    20242023
    Assets
    Non-interest bearing cash$2,142 $1,926 
    Investments, at fair value
    Mutual funds62,109,137 148,208,841 
    SPS Commerce, Inc. common stock19,378,857 18,997,810 
    Common collective trust funds129,601,053 2,147,546 
    Total investments211,089,047 169,354,197 
    Notes receivable from participants1,261,443 818,049 
    Net assets available for benefits$212,352,632 $170,174,172 

    See accompanying Notes to Financial Statements


    spslogo.jpg SPS COMMERCE, INC. 401(K) RETIREMENT SAVINGS PLAN
    4
    Form 11-K for the Year Ended December 31, 2024



    Table of Contents

    SPS COMMERCE, INC.
    401(K) RETIREMENT SAVINGS PLAN
    STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

    Year Ended
    December 31, 2024
    Investment Activity & Additions
    Investment income
    Net appreciation in fair value of investments$22,004,290 
    Interest and dividend income1,331,274 
    Net investment income23,335,564 
    Interest income on notes receivable from participants75,435 
    Contributions
    Participant elective deferral19,030,621 
    Employer matching5,730,415 
    Participant rollovers3,807,693 
    Total contributions28,568,729 
    Total investment activity and additions51,979,728 
    Deductions
    Benefits paid to participants13,586,422 
    Administrative expenses206,364 
    Total deductions13,792,786 
    Net increase in net assets available for benefits38,186,942 
    Transfer in3,991,518 
    Net assets available for benefits
    Beginning of year170,174,172 
    End of year$212,352,632 

    See accompanying Notes to Financial Statements














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    Form 11-K for the Year Ended December 31, 2024



    Table of Contents

    SPS COMMERCE, INC.
    401(K) RETIREMENT SAVINGS PLAN
    Notes to Financial Statements

    NOTE A – Plan Description

    The following description of the SPS Commerce, Inc. 401(k) Retirement Savings Plan (the “Plan”) is provided for general informational purposes only. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.

    General
    The Plan, established on December 20, 1995, is a defined contribution plan subject to the provisions of ERISA and was most recently restated on May 1, 2024 when the Plan adopted the Fidelity Pre-Approved Defined Contribution Plan document. SPS Commerce, Inc. is the Plan administrator and sponsor (further referred to herein as the “Company,” “Plan Administrator,” or “Plan Sponsor”).
    In May 2024, and in connection with the Company’s acquisition of all of the outstanding equity ownership interests of TIE Kinetix Holding B.V. and one of its wholly owned subsidiaries, TIE Commerce Inc. ("TIE Commerce"), the Company transferred the net assets from the defined contribution retirement plan that TIE Commerce's eligible employees were participating in (the “TIE Commerce Plan”) into the Plan. Total net assets transferred into the Plan were $4.0 million, included as the 'Transfer in' in the Statement of Changes in Net Assets Available for Benefits. Participants in the TIE Commerce Plan became eligible in the Plan in October 2023.

    Eligibility
    All regular employees, upon attaining age 21, may become participants in the Plan on the first day of each Plan month for both participant deferrals and Company matching contributions. Additionally, participants are eligible to receive Company discretionary nonelective contributions on the first day of the month following one year of eligible service if they are employed as of the last day of the plan year.

    Funding Policy
    Pretax and Roth contributions made pursuant to participant election deferrals are permitted in whole percentages from 1% to 80% of the participant’s compensation, subject to limits established by law. Participants who will be age 50 or older by the end of the Plan year are permitted to make catch-up contributions. Participants may also make rollover contributions to the Plan from other qualified plans.
    The Company matches half of the participant’s elective deferrals, up to the first 6% of the participant’s pre-tax compensation for each pay period. Half of the match is in Company stock, which is purchased in the open market by Fidelity Management Trust Company (“Fidelity”) and immediately deposited into the participant’s 401(k) account. The other half of the match is allocated in the same manner as the participant investment election(s).
    The Company may make discretionary nonelective contributions at the discretion of the Company’s Board of Directors. No discretionary employer contributions were made during the year ended December 31, 2024.

    Participants’ 401(k) Accounts
    Participants’ accounts are credited with their contributions, employer matching contributions, discretionary employer contributions, earnings or losses thereon, and charged with an allocation of administrative expenses. Expense allocations are either pro-rata to each participant or based on each participant’s account balance, as defined by the Plan. The benefit to which a participant is entitled is the benefit which can be provided from the participant’s vested account.

    Vesting
    Each participant is fully vested in the portion of the participant’s account that relates to participant contributions and earnings thereon. Vesting in the employer matching and discretionary nonelective contribution portions of participant accounts, plus actual earnings thereon, is based on hire date and years of vesting service, as defined in the Plan document as follows:

    Hire Date and Years of ServiceVesting Percentage
    Hire date prior to January 1, 2018
    immediately100%
    Hire date January 1, 2018 or after
    less than two years of service0%
    two years or more of service100%

    Plan participants from defined contribution retirement plans merged into the Plan are generally fully vested in all balances transferred into the Plan. All contributions made after entering the Plan follow normal Plan vesting terms, as noted above.
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    Form 11-K for the Year Ended December 31, 2024



    Table of Contents

    Forfeitures
    Upon a participant’s termination, the unvested portion of the participant’s employer account is forfeited. Forfeitures remain in the Plan and are used to pay administrative expenses. Any remaining amounts are used to reduce future employer contributions payable under the Plan.

    Notes Receivable from Participants
    Participants may borrow from their accounts a minimum of $1,000 and a maximum equal to the lesser of $50,000 or 50% of their vested account balance. Note terms range from one to five years and are secured by the balance in the participant’s account. A participant may have longer payment terms as determined by the Plan Administrator if the note is for the purchase of a principal residence. Participant notes receivable bear fixed interest based on the prevailing interest rates charged by other lending institutions for loans which would be made under similar circumstances. Principal and interest are paid ratably through payroll deductions for active participants. A participant may only have one outstanding loan at one time.

    Plan Termination
    Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants shall be 100% vested in their accounts.

    Benefits Paid to Participants
    Upon termination of service due to death, disability, retirement, termination of employment, or other reasons as defined in the Plan, the participant may elect to receive an amount equal to the value of the participant’s vested interest in his or her account in the form of a lump-sum amount, in approximately equal installment payments, or rollover the entire vested portion to a qualified plan, depending on the participant’s account balance.
    If the vested account balance does not exceed $1,000, a lump-sum distribution will be made. If the value of a separated participant’s vested balance is between $1,000 and $5,000, the Plan requires the vested balance to be transferred to an individual qualified retirement account. If the vested balance exceeds $5,000, a participant may elect to keep the vested account balance in the Plan, receive a lump-sum distribution, or rollover the entire vested portion to a qualified plan.
    Participants are permitted withdrawals from their Plan accounts for financial hardships or upon attainment of age 59 1/2. Hardship withdrawals must be approved by the Plan Administrator.

    Investment Options
    Except for the Company stock portion of the Company matching contribution, all Plan investments are participant directed. Participants may direct the investment of their account balance into various funds and may transfer assets in their accounts between funds on a daily basis, including the Company stock portion of the Company matching contribution.


    NOTE B – Summary of Significant Accounting Policies

    Basis of Accounting
    The accompanying financial statements have been prepared using the accrual method of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”).

    Investment Valuation and Income (Loss) Recognition
    The Plan’s investments are reported at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. See Note C for discussion of fair value measurements.
    Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis of accounting. Dividends are recorded on the ex-dividend date.
    Net appreciation (depreciation) includes the Plan’s gains and losses on investments bought and sold, as well as held during the year.

    Administrative Expenses
    Plan administrative expenses, including investment fees, transaction fees, and investment management services, are charged to participant accounts as a percentage of assets invested. Plan administration fees, including audit and legal fees, are paid by the Plan Sponsor.

    Benefits Paid to Participants & Contributions
    Benefits paid to participants are recorded by the Plan when paid. Contributions are recorded by the Plan when paid.
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    Form 11-K for the Year Ended December 31, 2024



    Table of Contents

    Risks and Uncertainties
    The Plan invests in various investment securities that are exposed to various risks, such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ balances and the amounts reported in the Statements of Net Assets Available for Benefits.

    Concentration of Market Risk
    At December 31, 2024 and 2023, 9% and 11% of the Plan’s net assets, respectively, were invested in the common stock of the Company. The underlying value of the Company’s common stock is entirely dependent upon the performance of the Company and the market’s evaluation of such performance. It is possible that changes in the fair value of the Company’s common stock in the near term could materially affect participants’ account balances and the amounts reported in the Statements of Net Assets Available for Benefits and the Statement of Changes in Net Assets Available for Benefits.

    Use of Estimates
    The preparation of financial statements in conformity with GAAP requires Plan management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and changes therein, and disclosure of contingent assets and liabilities. Actual results may differ from those estimates.

    Notes Receivable from Participants
    Notes receivable from participants are measured at their unpaid balance plus any accrued but unpaid interest. Delinquent notes are reclassified as distributions in the quarter subsequent to when a participant misses a scheduled repayment. No allowance for credit losses has been recorded as of December 31, 2024 and 2023.

    Accounting Pronouncements Recently Adopted
        For the year ended December 31, 2024 there were no new accounting pronouncements that were adopted.

    Subsequent Events
    In May 2025, and in connection with the Company’s prior acquisition of all of the outstanding equity ownership interests of SupplyPike, Inc. (“SupplyPike”), the Company transferred the net assets from the defined contribution retirement plan that SupplyPike's eligible employees were participating in (the “SupplyPike Plan”) into the Plan. Total net assets transferred into the Plan were $5.9 million. Participants in the SupplyPike Plan became eligible in the Plan in January 2025.

    Except as noted above, the Plan is not aware of any subsequent events, which would require recognition or disclosure in the financial statements, through June 25, 2025, the date the financial statements were available to be issued.


    NOTE C – Fair Value Measurements

    Fair Value Measurements
    The Plan measures certain financial assets at fair value on a recurring basis based on a fair value hierarchy that requires the Plan to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels of inputs that may be used to measure fair value are:
    •Level 1 – quoted prices in active markets for identical assets or liabilities.
    •Level 2 – observable inputs other than Level 1 prices, such as: (a) quoted prices for similar assets or liabilities, (b) quoted prices in markets with insufficient volume or infrequent transactions (less active markets), or (c) model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated by observable market data for substantially the full term of the assets or liabilities.
    •Level 3 – unobservable inputs to the valuation methodology that are significant to the measurement of fair value of assets or liabilities.
    Following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2024 and 2023.
    Common Stock: Valued at quoted market prices, as they are actively traded.
    Mutual funds: Valued at the daily closing price as reported by the fund. Mutual funds held by the Plan are open-end mutual funds that are registered with the Securities and Exchange Commission. These funds are required to publish their daily net asset value (“NAV”) and to transact at that price. The mutual funds held by the Plan are deemed to be actively traded.
    Common collective trust funds: Valued at the NAV of shares held by the Plan based on the fair value of its underlying assets reported in the fund’s audited financial statements. The NAV is used as a practical expedient to estimate fair value. This
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    Form 11-K for the Year Ended December 31, 2024



    Table of Contents
    practical expedient would not be used if it was determined to be probable that the funds will sell the underlying investments for an amount different from the reported NAV. Participant transactions (purchases and sales) may occur daily. If the Plan initiates a full redemption of the collective trust, the issuer reserves the right to require 12 months’ notification in order to ensure that securities liquidations will be carried out in an orderly business manner.
    The preceding methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
    The following table sets forth by level, within the fair value hierarchy, the Plan’s investments at fair value:

    December 31, 2024
    Level 1Level 2Level 3Total
    Common stock$19,378,857 $—$—$19,378,857 
    Mutual funds62,109,137 ——62,109,137 
    Total assets in the fair value hierarchy$81,487,994 $—$—$81,487,994 
    Common collective trust funds, measured at NAV129,601,053 
    Investments at fair value$211,089,047 
    December 31, 2023
    Level 1Level 2Level 3Total
    Common stock$18,997,810 $—$—$18,997,810 
    Mutual funds148,208,841 ——148,208,841 
    Total assets in the fair value hierarchy$167,206,651 $—$—$167,206,651 
    Common collective trust funds, measured at NAV2,147,546 
    Investments at fair value$169,354,197 


    NOTE D – Income Tax Status
    The Plan uses a volume submitter plan document created by Fidelity Management & Research Co. (“FMR”), an affiliate of the Plan’s recordkeeper, Fidelity. The Internal Revenue Service (“IRS”) has determined and informed FMR by a letter dated June 30, 2020, that the volume submitter plan is designed in accordance with applicable sections of the Internal Revenue Code (“IRC”). Although the Plan has been restated since receiving the FMR opinion letter, the Plan’s management believes that the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC.
    GAAP requires plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan Administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.


    NOTE E – Party-in-Interest Transactions
    The Plan held 105,326 shares and 98,008 shares of common stock of the Company, the sponsoring employer, valued at $19.4 million and $19.0 million at December 31, 2024 and 2023, respectively. The investment and transactions in this investment qualify as party-in-interest transactions which are exempt from the prohibited transaction rules of ERISA.
    Plan investments include shares of mutual funds managed by Fidelity, the custodian as defined by the Plan; therefore, transactions in these investments qualify as exempt party-in-interest transactions.
    Certain employees of the Plan Sponsor provide administrative services to the Plan. These services are provided at no cost to the Plan.
    Party-in-interest transactions also include loans made to participants.

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    Form 11-K for the Year Ended December 31, 2024



    Table of Contents

    SPS COMMERCE, INC.
    401(K) RETIREMENT SAVINGS PLAN
    EIN: 41-2015217, Plan: 001

    Form 5500, Schedule H, Part IV, Line 4(i)
    Schedule of Assets (Held at End of Year)
    As of December 31, 2024

    Identity of issuer, borrower, lessor, or similar partyDescription of investment including maturity date, rate of interest, collateral, par, or maturity valueCostCurrent value
    Collective trust funds
     Vanguard  Target Retirement 2055 Fund **$26,834,730 
     Vanguard  Target Retirement 2045 Fund **25,486,650 
     Vanguard  Target Retirement 2050 Fund **24,532,723 
     Vanguard  Target Retirement 2060 Fund **11,915,010 
     Vanguard  Target Retirement 2040 Fund **10,392,068 
     Vanguard  Target Retirement 2030 Fund **10,079,368 
     Vanguard Target Retirement 2035 Fund**9,458,069 
     Vanguard  Target Retirement 2065 Fund**3,940,891 
     Vanguard  Target Retirement 2025 Fund**3,107,797 
     Union Bank and Trust Company Morley Stable Value Fund**2,318,646 
     Vanguard Target Retirement Income Fund**1,136,689 
     Vanguard Target Retirement 2020 Fund**397,341 
     Vanguard Target Retirement 2070 Fund**1,071 
    129,601,053 
    Mutual funds
    * Fidelity Institutional 500 Index Fund **24,173,607 
     J.P. Morgan Large Cap Growth Fund**11,570,951 
    * Fidelity Mid-Cap Index Fund **6,799,019 
    * Fidelity  MFS Research International Fund **4,966,145 
    * Fidelity  MFS Value Fund **3,969,853 
    * Fidelity Small Cap Growth Index Fund**3,370,904 
    * Fidelity Small Cap Value Index Fund**2,967,396 
     Prudential  Total Return Bond Fund**1,901,373 
    * Fidelity U.S. Bond Index Fund**1,655,204 
    * Fidelity Total International Index Fund**547,041 
     Principal Mid-Cap Fund**120,311 
    * Fidelity Small Cap Index Fund**63,838 
    PIMCO Income Institutional Fund**1,847 
     John Hancock Disciplined Value Mid-Cap Fund**1,648 
    62,109,137 
    SPS Commerce Stock
    * SPS Commerce, Inc.* Common Stock**19,378,857 
    Participant loans
    * Participant loans* Interest from 4.25% to 9.50% maturing through 2031—1,261,443 
    $212,350,490 
    *        Represents a party-in-interest
    **    Historical cost information not required for participant-directed investments
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    Form 11-K for the Year Ended December 31, 2024



    Table of Contents

    Exhibit Index

    NumberDescriptionManner of Filing
    23.1
    Consent of Wipfli LLP
    Filed electronically herewith


    Signatures
    Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

    Date: June 25, 2025
    SPS COMMERCE, INC. 401(K) RETIREMENT SAVINGS PLAN

    By: SPS COMMERCE, INC., the Plan Sponsor and Plan Administrator
    Date: June 25, 2025
    By:/s/ KIMBERLY NELSON
    Kimberly Nelson
    SPS Commerce, Inc. Executive Vice President and Chief Financial Officer (principal financial and accounting officer)


    spslogo.jpg SPS COMMERCE, INC. 401(K) RETIREMENT SAVINGS PLAN
    11
    Form 11-K for the Year Ended December 31, 2024


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    • SPS Commerce downgraded by Northland Capital

      Northland Capital downgraded SPS Commerce from Outperform to Market Perform

      7/29/24 8:46:12 AM ET
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    • SPS Commerce Appoints Chad Collins as Chief Executive Officer

      MINNEAPOLIS, July 06, 2023 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail cloud services, today announced the appointment of Chad Collins as its new Chief Executive Officer, effective October 2, 2023. Mr. Collins will succeed current CEO Archie Black, who will retire from his position effective October 1, 2023, and will transition to the newly created role of Executive Chair of the Board, as part of the previously announced succession plan. "On behalf of the Board of Directors, I would like to welcome Chad Collins to the SPS team," said Philip Soran, Chair of the Board. "His leadership, industry experience and focus on customer innovation align well with the SPS

      7/6/23 4:05:30 PM ET
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    • SPS Commerce Announces Planned Retirement of CEO

      MINNEAPOLIS, March 02, 2023 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail cloud services, today announced that its Chief Executive Officer,  Archie Black, intends to retire from his role as CEO. Mr. Black will remain in the role through the completion of the search for his successor and through the transition process to ensure a seamless succession. The Company's Board of Directors has initiated an executive search for the next CEO. Once appointed, Mr. Black will transition from his position as CEO to the newly created role of Executive Chair of the Board. This transition is designed to provide leadership continuity and reflects the Company's commitment to consi

      3/2/23 4:10:00 PM ET
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    • Graco Inc. Appoints Archie C. Black to the Board of Directors

      Graco Inc. (NYSE:GGG) announced today that Archie C. Black has been appointed as a member of the Company's Board of Directors, effective February 20, 2023. Mr. Black has served as the Chief Executive Officer of SPS Commerce, Inc. (NASDAQ:SPSC) — a cloud-based supply chain management software company based in Minneapolis — since 2001, and is a member of its board of directors. Prior to becoming CEO of SPS Commerce, Mr. Black was its Senior Vice President and Chief Financial Officer. During his time as CEO of SPS Commerce, Mr. Black has led the transformation of a technology startup company into a successful global business and has developed a deep understanding of the requirements of managi

      12/2/22 2:35:00 PM ET
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    Large Ownership Changes

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    • SEC Form SC 13G/A filed by SPS Commerce Inc. (Amendment)

      SC 13G/A - SPS COMMERCE INC (0001092699) (Subject)

      2/13/24 5:14:04 PM ET
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    • SEC Form SC 13G/A filed by SPS Commerce Inc. (Amendment)

      SC 13G/A - SPS COMMERCE INC (0001092699) (Subject)

      2/12/24 4:05:16 PM ET
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    • SEC Form SC 13G/A filed by SPS Commerce Inc. (Amendment)

      SC 13G/A - SPS COMMERCE INC (0001092699) (Subject)

      2/10/23 1:55:39 PM ET
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    Insider Trading

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    • Amendment: EVP, Chief Sales Officer Juckniess Dan was granted 11,627 shares, increasing direct ownership by 58% to 31,802 units (SEC Form 4)

      4/A - SPS COMMERCE INC (0001092699) (Issuer)

      6/27/25 4:38:46 PM ET
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    • Amendment: EVP, Chief Technology Officer Thingelstad Jamie was granted 9,233 shares, increasing direct ownership by 33% to 36,926 units (SEC Form 4)

      4/A - SPS COMMERCE INC (0001092699) (Issuer)

      6/27/25 4:38:11 PM ET
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    • Director Ward Anne Sempowski was granted 1,310 shares, increasing direct ownership by 46% to 4,134 units (SEC Form 4)

      4 - SPS COMMERCE INC (0001092699) (Issuer)

      5/15/25 5:15:02 PM ET
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    Press Releases

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    • SPS Commerce to Present at the 1st Annual D.A. Davidson Technology & Consumer Conference

      MINNEAPOLIS, June 03, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced that management will present at the 1st Annual D.A. Davidson Technology & Consumer Conference on Tuesday, June 10, 2025, at 2:40 PM C.T. A webcast of the presentation will be available on the company's investor relations website at http://investors.spscommerce.com/events.cfm. About SPS Commerce SPS Commerce is the world's leading retail network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. We support data-driven partnerships with innovative cloud technology, customer-obsessed service,

      6/3/25 4:05:00 PM ET
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    • SPS Commerce Enhances Offering to Include Suite of Services for Manufacturing Supply Chain

      Full-Service Solution Enables Manufacturers to Modernize and Optimize Procurement and Supply Chain Processes SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced Manufacturing Supply Chain Performance Suite, a Full-service EDI offering designed to help companies who manufacture products modernize and optimize their procurement and supply chain processes. Based on years of experience supporting these organizations, SPS developed this comprehensive solution to help brands, co-manufacturers, and co-packers achieve a better performing supply chain. With Manufacturing Supply Chain Performance Suite, customers can streamline their operations, reduce d

      5/1/25 4:41:00 PM ET
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    • SPS Commerce Reports First Quarter 2025 Financial Results

      Company delivers 97th consecutive quarter of topline growthFirst quarter 2025 revenue grew 21% and recurring revenue grew 23% from the first quarter of 2024 MINNEAPOLIS, April 24, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced financial results for the first quarter ended March 31, 2025. Financial Highlights First Quarter 2025 Financial Highlights Revenue was $181.5 million in the first quarter of 2025, compared to $149.6 million in the first quarter of 2024, reflecting 21% growth.Recurring revenue grew 23% from the first quarter of 2024.Net income was $22.2 million or $0.58 per diluted share, compared to net i

      4/24/25 4:05:07 PM ET
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    Financials

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    • SPS Commerce Reports First Quarter 2025 Financial Results

      Company delivers 97th consecutive quarter of topline growthFirst quarter 2025 revenue grew 21% and recurring revenue grew 23% from the first quarter of 2024 MINNEAPOLIS, April 24, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced financial results for the first quarter ended March 31, 2025. Financial Highlights First Quarter 2025 Financial Highlights Revenue was $181.5 million in the first quarter of 2025, compared to $149.6 million in the first quarter of 2024, reflecting 21% growth.Recurring revenue grew 23% from the first quarter of 2024.Net income was $22.2 million or $0.58 per diluted share, compared to net i

      4/24/25 4:05:07 PM ET
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    • SPS Commerce Announces Date of First Quarter 2025 Financial Results

      MINNEAPOLIS, April 10, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced that it will issue its financial results for the first quarter ended March 31, 2025, after the market close on Thursday, April 24, 2025. SPS Commerce will host a call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-833-816-1382, or outside the U.S. 1-412-317-0475 at least 15 minutes prior to the 3:30 p.m. CT start time. Please ask to join the SPS Commerce conference call. A live webcast of the call will also be available at http://investors.spscommerce.com under the E

      4/10/25 4:07:00 PM ET
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    • SPS Commerce Reports Fourth Quarter and Fiscal Year 2024 Financial Results

      Company delivers 96th consecutive quarter of topline growth Fourth quarter 2024 revenue grew 18% and recurring revenue grew 19% from the fourth quarter of 2023 MINNEAPOLIS, Feb. 10, 2025 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced financial results for the fourth quarter and year ended December 31, 2024. Financial Highlights Fourth Quarter 2024 Financial Highlights Revenue was $170.9 million in the fourth quarter of 2024, compared to $145.0 million in the fourth quarter of 2023, reflecting 18% growth.Recurring revenue grew 19% from the fourth quarter of 2023.Net income was $17.6 million or $0.46 per di

      2/10/25 4:05:03 PM ET
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