Mission Statement, Vision, & Core Values of SPS Commerce, Inc. (SPSC)

How well do you know the driving forces behind the success of SPS Commerce, Inc. (SPSC), a leader in retail supply chain cloud services? With a remarkable 96 consecutive quarters of revenue growth and a 19% increase in revenue to $637.8 million for the year 2024, understanding their mission, vision, and core values is more crucial than ever.

What exactly fuels this consistent growth and positions SPS Commerce as a key player in the retail industry? Are you curious about the principles that guide their operations and contribute to their strong financial performance?

Let's delve into the mission, vision, and core values that define SPS Commerce and discover how these elements contribute to their continued success and strategic direction.

SPS Commerce, Inc. (SPSC) An Overview of

SPS Commerce, Inc. specializes in cloud-based supply chain management software. Founded in 1987, the company provides solutions that facilitate data-driven collaboration between retailers, suppliers, and logistics partners. SPS Commerce's platform supports various functionalities, including order management, fulfillment, and analytics, designed to optimize supply chain operations and enhance visibility. As of April 2025, SPS Commerce continues to serve over 4,000 retailers and over 35,000 suppliers globally.

In the fiscal year 2024, SPS Commerce reported record-breaking revenue, driven significantly by its core platform solutions. Total revenue reached $529.2 million, a 16% increase compared to $456.8 million in 2023. Recurring revenue, which constitutes the majority of the company's income, also saw substantial growth. The company's strategic focus on expanding its market presence and enhancing its product offerings has contributed to sustained financial success.

SPS Commerce has solidified its position as a leader in the supply chain management industry through continuous innovation and strategic partnerships. The company's commitment to delivering scalable and adaptable solutions has enabled it to meet the evolving needs of its diverse customer base. SPS Commerce's dedication to fostering collaboration and efficiency across the supply chain is evident in its comprehensive suite of services and its consistent financial performance. Find out more about SPS Commerce and discover the factors behind its success: SPS Commerce, Inc. (SPSC): History, Ownership, Mission, How It Works & Makes Money

SPS Commerce, Inc. (SPSC) Mission Statement

The mission statement of SPS Commerce, Inc. (SPSC) is: 'We deliver retail success by connecting trading partners through the industry's most comprehensive cloud supply chain platform.' This statement underscores the company's commitment to facilitating efficient and effective connections between retailers and their trading partners.

Key components of SPS Commerce's mission statement include:

• Delivering Retail Success: SPS Commerce aims to enable retailers to achieve their business objectives through improved supply chain performance.
• Connecting Trading Partners: The company focuses on creating a network that links retailers, suppliers, and other partners, fostering collaboration and streamlining operations.
• Industry's Most Comprehensive Cloud Supply Chain Platform: SPS Commerce offers a robust and integrated technology solution that supports various supply chain functions, leveraging the scalability and accessibility of the cloud.

Each of these components plays a crucial role in SPS Commerce's overarching goal of transforming retail supply chains.

Delivering Retail Success

SPS Commerce is dedicated to ensuring that retailers thrive in a competitive market. This involves:

• Enhancing Efficiency: Streamlining processes to reduce costs and improve productivity.
• Improving Visibility: Providing real-time insights into supply chain operations, enabling better decision-making.
• Driving Growth: Helping retailers expand their businesses by optimizing their supply chains.

In 2024, SPS Commerce reported total revenue of $527.8 million, a 17% increase compared to $451.5 million in 2023. This growth reflects the company's success in delivering value to its retail customers.

Connecting Trading Partners

Central to SPS Commerce's mission is the creation of a connected network of trading partners. This involves:

• Facilitating Collaboration: Enabling seamless communication and data exchange between retailers and suppliers.
• Expanding Reach: Connecting businesses to a broader network of potential partners.
• Improving Relationships: Fostering stronger, more collaborative relationships between trading partners.

As of December 31, 2024, SPS Commerce had over 119,000 recurring revenue customers, demonstrating the breadth and depth of its network. The company's platform facilitates over 1 billion transactions annually, highlighting its critical role in connecting trading partners.

Industry's Most Comprehensive Cloud Supply Chain Platform

SPS Commerce offers a comprehensive suite of cloud-based solutions designed to address the complex challenges of modern retail supply chains. This includes:

• Order Management: Automating and streamlining the order fulfillment process.
• Inventory Management: Providing real-time visibility into inventory levels and movements.
• Analytics and Reporting: Offering insights into supply chain performance, enabling data-driven decision-making.

The company's commitment to innovation is reflected in its research and development investments. In 2024, SPS Commerce invested $97.1 million in research and development, up from $82.8 million in 2023, underscoring its dedication to enhancing its platform and delivering cutting-edge solutions.

SPS Commerce's cloud supply chain platform is designed to be scalable, reliable, and secure. The company leverages advanced technologies such as artificial intelligence and machine learning to optimize supply chain processes and deliver actionable insights. For additional insights into the company's financial performance, you can explore this analysis: Breaking Down SPS Commerce, Inc. (SPSC) Financial Health: Key Insights for Investors

SPS Commerce, Inc. (SPSC) Vision Statement of

The vision of SPS Commerce, Inc. (SPSC) is to be the world's leading provider of supply chain solutions. This overarching goal reflects the company's commitment to transforming how retailers, suppliers, and distributors collaborate and exchange information. The vision encompasses several key components, each driving the company's strategic initiatives and operational focus.

Founded in 1987, SPS Commerce has evolved into a significant player in the retail cloud services sector. As of the fiscal year 2024, the company reported total revenue of $527.8 million, a 17.8% increase year-over-year. This growth underscores the increasing demand for its cloud-based supply chain solutions. Further insights into the company's journey and background can be found at: SPS Commerce, Inc. (SPSC): History, Ownership, Mission, How It Works & Makes Money

Leading Provider of Supply Chain Solutions

SPS Commerce aims to be the foremost provider in its industry, which includes:

• Cloud-Based Platform: Offering a comprehensive suite of applications accessible via the cloud, facilitating seamless integration and real-time data exchange.
• Full-Service Solutions: Providing end-to-end services encompassing order management, fulfillment, and analytics.
• Global Network: Connecting a vast network of retailers, suppliers, and logistics partners worldwide.

The company's financial performance reflects its growing market presence. In 2024, SPS Commerce reported a gross profit of $415.2 million, representing a gross margin of 78.7%. This strong profitability is indicative of the value the company provides to its customers and its operational efficiency.

Transforming Supply Chain Collaboration

A core element of SPS Commerce's vision is to revolutionize how supply chain partners work together. This involves:

• Enhancing Visibility: Providing real-time insights into inventory levels, order status, and shipment tracking.
• Improving Efficiency: Automating key processes to reduce manual intervention and minimize errors.
• Strengthening Relationships: Fostering stronger, more collaborative relationships between retailers and suppliers.

The company's commitment to innovation is evident in its research and development investments. In 2024, SPS Commerce spent $79.1 million on R&D, which is 15% of total revenue. This investment supports the development of new features and capabilities for its platform, ensuring it remains at the forefront of supply chain technology.

Focus on Innovation and Technology

To achieve its vision, SPS Commerce places significant emphasis on continuous innovation and technological advancement. This includes:

• Investing in Emerging Technologies: Exploring and integrating technologies such as artificial intelligence, machine learning, and blockchain to enhance its solutions.
• Developing Scalable Solutions: Building a platform that can accommodate the growing needs of its customers and the increasing complexity of global supply chains.
• Enhancing Data Analytics: Providing advanced analytics capabilities to help customers make better-informed decisions.

SPS Commerce's financial stability and growth potential are reflected in its balance sheet. As of December 31, 2024, the company had cash and cash equivalents of $219.5 million. This strong cash position provides the company with the flexibility to invest in strategic initiatives, acquisitions, and other growth opportunities.

Global Reach and Impact

SPS Commerce envisions extending its influence globally, connecting businesses across different regions and industries. This involves:

• Expanding into New Markets: Targeting growth opportunities in emerging markets and underserved regions.
• Supporting Global Trade: Facilitating cross-border transactions and ensuring compliance with international regulations.
• Building a Diverse Ecosystem: Creating a network that includes businesses of all sizes, from small and medium-sized enterprises to large multinational corporations.

The company's customer base includes over 4,000 retailers and over 90,000 suppliers across various industries. This extensive network highlights the company's ability to connect businesses and facilitate trade on a global scale.

SPS Commerce, Inc. (SPSC) Core Values

SPS Commerce's commitment extends beyond financial performance to encompass a strong dedication to its core values. These values guide the company's actions, shaping its culture, influencing its business practices, and driving its contributions to the community. SPS Commerce is committed to advancing its efforts around corporate responsibility and environmental, social and governance (“ESG”) practices. SPS Commerce's values shape how they connect, innovate, and give back—driving social impact, responsible growth, and sustainable practices.

Here's a detailed look into how SPS Commerce puts its core values into action:

Employees Come First

SPS Commerce values its employees, fostering an environment where they feel accepted, valued, and empowered. This commitment is reflected in various initiatives and programs:

• Belonging@SPS: A global initiative focused on fostering connection and community across teams.
• Leadership Development Programs: Enhanced programs aimed at developing leaders within the company.
• Employee Well-being: Investment in employees' well-being, ideas, and community.
• Diversity & Inclusion: Diverse employees at SPS Commerce score the company 81/100 across various culture categories, placing SPS Commerce in the Top 15% of companies on Comparably with 1,001-5,000 Employees for Comparably's diversity score.

Obsessed With Customers

SPS Commerce is dedicated to understanding and meeting the needs of its customers, building long-term relationships, and ensuring their success. This dedication is evident in their approach to customer support and service:

• Customer Support: SPS Commerce has a strong emphasis on customer service, offering proactive support and dedicated teams to help businesses optimize their use of the platform.
• Personalized Onboarding and Training: Ensuring clients are equipped to maximize the value of solutions.
• Proactive Account Management: Dedicated teams to help businesses optimize their use of the platform.
• 24/7 Customer Support: Providing ongoing support and ensuring businesses are empowered to achieve their goals.

Thirst for Growth

SPS Commerce recognizes that growth is essential. This value is reflected in the company's continuous efforts to innovate, expand its market presence, and enhance its offerings:

• 20% Recurring Revenue Growth: SPS Commerce's recurring revenue grew 20% from the year ended December 31, 2023.
• Strategic Acquisitions: The acquisition of Carbon6 is expected to enhance technological capabilities and expand its customer base.
• European Market Expansion: SPS Commerce continues to focus on expanding its presence in the European market.
• Cloud-Based Solutions: Pioneer in cloud-based EDI, redefining a market served by on-premises software providers.

Results Matter

SPS Commerce holds itself accountable for achieving results and maintaining high standards of performance. This commitment is demonstrated through its financial achievements and consistent growth:

• 96th Consecutive Quarter of Revenue Growth: SPS Commerce reported strong Q4 and full-year 2024 results, marking its 96th consecutive quarter of revenue growth.
• $637.8 Million Total Revenue: For the full fiscal year 2024, the company reported a 19% increase in total revenue to $637.8 million.
• $77.1 Million Net Income: A net income growth of 17% to $77.1 million for the year ended December 31, 2024.
• $2.04 Earnings Per Share: Net income was $77.1 million or $2.04 per diluted share for the year ended December 31, 2024.

Know More to Be More

SPS Commerce emphasizes the importance of continuous learning and development, encouraging employees to expand their knowledge and skills. Curiosity and initiative drive SPS Commerce to continually learn and grow, personally and professionally.

Win Today, Win Tomorrow

SPS Commerce is committed to achieving success in the present while also planning for the future. This involves making strategic decisions, investing in innovation, and building sustainable business practices.

Get After It

SPS Commerce fosters a culture of initiative and proactivity, encouraging employees to take ownership and drive results. Speed matters. SPS Commerce demonstrates a sense of urgency and commitment to getting things done – and getting things done right.

Succeed Together

SPS Commerce recognizes the importance of collaboration and teamwork in achieving success. SPS Commerce success depends on collaboration and teamwork. When disagreeing, SPS Commerce does so respectfully and move forward united.

Lead the Way

SPS Commerce aims to be a leader in its industry, setting an example for innovation, customer service, and ethical business practices.

Give Back

SPS Commerce is committed to contributing to the communities in which it operates, supporting various philanthropic initiatives and encouraging employee volunteerism. Generosity and caring make a difference. SPS actively contribute to communities and encourage volunteerism and philanthropy among employees.

Examples of SPS Commerce's commitment to community impact include:

• SPS Foundation: Driving social impact with a special focus on investing in education and workforce development.
• $2.5 Million in Donations: The SPS Foundation contributed over $2.5 million in donations.

SPS Commerce is dedicated to environmental stewardship, diversity, equity and inclusion, and giving back to the communities in which it operates. The company's commitment is evident in its:

• Environmental Responsibility: Completed greenhouse gas (GHG) inventories to better understand SPS Commerce's carbon footprint.
• Sustainable Operations: Continued prioritization of cloud-based infrastructure with 95% of SPS's IT operations now in energy-efficient data centers powered by renewable energy.
• Ethical Business Practices: Commitment to transparency and continuous improvement in its ESG efforts.

For further insights into SPS Commerce's financial health, you can explore this resource: Breaking Down SPS Commerce, Inc. (SPSC) Financial Health: Key Insights for Investors