SPS Commerce, Inc. SPSC
- Market cap
- $3.0B
- P/E
- 39.1×
Follow SPSC
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 19.18 | 22.51 | 24.24 | 39.91 | 31.28 | 91.05 | 96.41 | 120.66 | 160.58 | 73.05 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
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| 37.43 | 36.30 | 50.34 | 59.14 | 111.63 | 174.42 | 146.81 | 198.35 | 218.74 | 197.59 |
High Price
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| 1,217 | 1,336 | 1,231 | 1,363 | 1,572 | 1,901 | 2,215 | 2,489 | 2,783 | 2,948 |
Employees
|
|||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
|
|||
| 193 | 220 | 248 | 279 | 313 | 385 | 451 | 537 | 638 | 752 |
Revenue
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| 66.69% | 66.55% | 67.07% | 66.95% | 68.07% | 65.82% | 66.05% | 66.09% | 66.96% | 69.18% |
Gross Margin
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| 8 | 11 | 28 | 42 | 53 | 54 | 71 | 86 | 99 | 124 |
EBT
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| 4.00% | 4.86% | 11.42% | 15.07% | 16.85% | 13.90% | 15.82% | 15.94% | 15.60% | 16.48% |
EBT Margin
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| 5 | 0 | 24 | 34 | 46 | 45 | 55 | 66 | 77 | 93 |
Net Income
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| 11 | 12 | 13 | 16 | 19 | 25 | 28 | 35 | 42 | 58 |
Depreciation
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| 5.70 | 6.40 | 7.22 | 7.97 | 8.88 | 10.72 | 12.48 | 14.65 | 17.10 | 19.84 |
Revenue/Sh
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| 0.17 | 0.01 | 0.70 | 0.96 | 1.29 | 1.24 | 1.53 | 1.80 | 2.07 | 2.46 |
Earnings/Sh
|
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| 0.55 | 0.90 | 1.60 | 2.05 | 2.51 | 3.14 | 2.77 | 3.61 | 4.22 | 4.72 |
Cash Flow/Sh
|
|||
| (0.24) | (0.21) | (0.40) | (0.39) | (0.47) | (0.55) | (0.55) | (0.54) | (0.54) | (0.70) |
Capex/Sh
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| 0.32 | 0.69 | 1.20 | 1.66 | 2.05 | 2.60 | 2.22 | 3.07 | 3.68 | 4.02 |
Free CF/Sh
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| 7.35 | 8.38 | 9.27 | 10.13 | 11.94 | 13.48 | 14.87 | 18.21 | 22.91 | 25.71 |
Book Value/Sh
|
|||
| 34 | 34 | 34 | 35 | 35 | 36 | 36 | 37 | 37 | 38 |
Shares
|
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| 237.85 | 0.00 | 59.27 | 57.43 | 84.18 | 114.80 | 83.67 | 102.39 | 88.46 | 36.23 |
PE Ratio
|
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| 6.10 | 3.81 | 5.71 | 6.95 | 12.24 | 13.27 | 10.25 | 12.58 | 10.76 | 4.49 |
PS Ratio
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| 4.73 | 2.91 | 4.44 | 5.47 | 9.09 | 10.56 | 8.61 | 10.12 | 8.03 | 3.47 |
PB Ratio
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| 5.38 | 3.06 | 4.99 | 6.19 | 11.64 | 12.61 | 9.78 | 12.07 | 10.38 | 4.29 |
EV/Sales
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| 96.58 | 28.35 | 30.01 | 29.68 | 50.46 | 52.06 | 54.99 | 57.57 | 48.22 | 21.18 |
EV/FCF
|
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| 19 | 31 | 55 | 72 | 89 | 113 | 100 | 132 | 157 | 179 |
Op' Cash Flow
|
|||
| (8) | (7) | (14) | (14) | (16) | (20) | (20) | (20) | (20) | (27) |
Capex
|
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| 11 | 24 | 41 | 58 | 72 | 93 | 80 | 113 | 137 | 152 |
FCF
|
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| 154 | 180 | 193 | 224 | 191 | 250 | 212 | 271 | 235 | 181 |
Working Cap'
|
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| — | — | — | 24 | 24 | 21 | 17 | — | — | — |
Total Debt
|
|||
| (139) | (163) | (178) | (214) | (187) | (257) | (214) | (275) | (241) | (151) |
Net Debt
|
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| 249 | 288 | 319 | 355 | 421 | 484 | 537 | 667 | 855 | 974 |
Sh' Equity
|
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| 1.77% | 0.11% | 6.58% | 8.09% | 9.36% | 7.81% | 8.56% | 8.80% | 8.31% | 8.48% |
ROA
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| 3.62% | 5.00% | 11.88% | 16.98% | 13.44% | 15.17% | 13.78% | 12.32% | 9.05% | 8.99% |
ROIC
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| 2.11% | 0.13% | 7.86% | 10.01% | 11.76% | 9.86% | 10.80% | 10.93% | 10.12% | 10.21% |
ROE
|
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SPS Commerce, Inc. peers in Software Application
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| KC Kingsoft Cloud Holdings Limited Sponsored ADR | $2.9B | 0.0× | Compare |
| PTRN Pattern Group Inc. | $3.2B | 0.0× | Compare |
| INTA Intapp, Inc. | $2.8B | 0.0× | Compare |
| AGYS Agilysys, Inc. | $2.8B | 65.1× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| BRZE Braze, Inc. | $2.8B | 0.0× | Compare |
| ADEA Adeia Inc. | $2.8B | 22.5× | Compare |
| SOUN SoundHound AI, Inc. | $2.8B | 0.0× | Compare |
| GRND Grindr Inc. | $2.7B | 31.5× | Compare |
SPS Commerce, Inc. (SPSC) key facts
- SPS Commerce, Inc. (SPSC) is a Software Application company in the Technology sector, listed on Nasdaq.
- SPS Commerce, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $751.5 million, up 17.8% from fiscal 2024.
- Net income was $93.3 million, or $2.46 per share (basic), a net margin of 12.4%.
- As of September 25, 2026, SPSC traded at $81.30, a market capitalization of $3.0 billion.
- At that price the stock trades at 39.1× trailing-twelve-month earnings and 3.8× sales.
- Return on equity was 10.2% and debt-to-equity 0.00.
SPS Commerce, Inc. (SPSC) Latest News
15 Sep
SPS Commerce integrates network intelligence into AI tools, allowing supply chain leaders to convert technology investments into operational insights. AI integration adds new analytics capabilities to SPS Commerce core network platform.
11 Sep
SPS Commerce shares rose on Friday after the company posted stronger-than-expected quarterly results and raised its full-year outlook, reflecting continued demand for its retail supply-chain software. Earnings beat and raised guidance can lift near-term sentiment and valuation but rarely shift long-term competitive position.
19 Aug
SPS Commerce stock rose Wednesday on positive market reaction to company developments boosting investor sentiment and share price. Single-day stock gain reflects minor short-term sentiment shift without evidence of fundamental long-term trajectory change.
4 Aug
SPS Commerce, Inc. (SPSC) held its Q2 2026 earnings call, covering quarterly financial results, operational performance, and forward-looking company outlook. Quarterly earnings calls typically disclose results and guidance that moderately influence near-term stock movement and investor views.
1 Aug
SPS Commerce (SPSC) reports earnings and guidance that create an 8% fair value gap in the stock. Earnings and guidance release produces 8% fair value gap affecting SPSC valuation and near-term market perception.
31 Jul
SPS Commerce stock surged on Friday after beating earnings estimates and raising full-year guidance. Earnings beat plus raised guidance typically drive major shifts in valuation and sentiment.
SPS Commerce Inc executed a strategic divestiture in Q2 2026 that sharpens focus on core operations, according to earnings call highlights. Strategic divestiture represents major move likely to alter company trajectory and investor sentiment.
SPS Commerce (SPSC) released its Q2 2026 earnings call transcript detailing quarterly financial results, revenue figures, and management commentary on operations and outlook. Earnings call transcripts deliver core financial metrics and forward guidance that directly shape investor views and near-term stock movement for SPS Commerce.
SPS Commerce released Q2 earnings call highlights covering financial results, operational updates and forward guidance. Standard quarterly earnings highlights typically produce moderate short-term effects on stock price and sentiment.
30 Jul
SPS Commerce, Inc. reported strong financial results for the second quarter of 2026. Strong quarterly earnings typically drive meaningful gains in stock price and investor sentiment for the company.
SPS Commerce (SPSC) exceeded analyst estimates for Q2 earnings and revenues. Quarterly earnings beats typically lift short-term stock sentiment without altering long-term company trajectory.
30 Jun
SPS Commerce, Inc. agrees to sell its 3P Revenue Recovery Business. Divestiture of business unit alters financials and strategic focus.
23 Jun
SPS Commerce hires Morgan Stanley to explore a sale amid activist push. Hiring Morgan Stanley to explore sale signals potential major ownership change with substantial effects on company direction and stock performance.
SPS Commerce explores a sale amid activist pressure, sources say. Potential sale under activist pressure represents major strategic shift likely to alter ownership, valuation and performance trajectory.
Orderful raised $35M in Series C funding to challenge the traditional service-based EDI model used for decades. Orderful funding supports new EDI approaches that may compete with SPS Commerce core services.
1 May
SPS Commerce Q1 results disappointed, with Amazon headwinds weighing on growth, according to Morgan Stanley. Q1 earnings disappointment and Amazon growth headwinds threaten significant near-term financial and market performance pressure.
SPS Commerce Inc (SPSC) reported strong revenue growth in Q1 2026 earnings call highlights, navigating Amazon-related challenges. Strong Q1 2026 revenue growth despite Amazon pressures signals significant positive impact on SPSC's financial trajectory and investor sentiment.
30 Apr
SPS Commerce delivered strong Q1 results in earnings call, reporting 20% revenue growth to $155.4 million, EPS of $1.39 beating estimates, 25% adjusted EBITDA rise, and raised full-year revenue guidance to $659-663 million amid robust demand for supply chain platform. Q1 revenue beat, EPS exceedance, and lifted full-year guidance signal significant positive trajectory shift for growth and investor confidence.
SPS Commerce, Inc. released Q1 2026 earnings call summary detailing quarterly financial results, revenue growth, profitability, and forward-looking guidance. Q1 2026 earnings results and guidance represent major financial updates capable of significantly shifting investor sentiment and stock trajectory.
SPS Commerce (SPSC) topped Q1 earnings estimates. Beating Q1 earnings estimates signals strong financial performance likely to boost stock price and investor confidence significantly.
SPS Commerce, Inc. (SPSC) released its Q1 2026 earnings call transcript detailing financial results, revenue growth, profitability metrics, and forward guidance. Q1 2026 earnings transcript discloses key financial metrics, operational updates, and future outlook that drive significant stock volatility and investor decisions.
SPS Commerce, Inc. (SPSC) reported first quarter 2026 financial results. Quarterly earnings reports significantly influence stock performance and investor sentiment.
SPS Commerce (SPSC) earnings growth meets expectations, but softer profit margins and guidance trends prompt valuation reassessment amid mixed outlook. Earnings growth is tempered by weakening profits and guidance, creating moderate influence on financial performance and investor sentiment.
29 Apr
Conestoga Capital Advisors reduced its stake in SPS Commerce (SPSC) amid a softer 2026 outlook, potentially pressuring stock performance and investor confidence in the company's growth trajectory. Conestoga's stake reduction and weaker 2026 outlook directly challenge SPSC's valuation and growth expectations.
15 Apr
SPS Commerce (SPSC) delivered strong Q3 customer growth alongside leadership changes, prompting a fresh valuation analysis amid positive momentum. Strong Q3 customer growth bolsters revenue trajectory while leadership changes signal strategic enhancements with significant potential to alter competitive positioning and investor sentiment.
14 Apr
SPS Commerce (SPSC) released Q3 2025 earnings call transcript detailing quarterly financial results, revenue growth, profitability metrics, forward guidance, and strategic updates from management during Q&A with analysts. Quarterly earnings transcript reveals key financial metrics and guidance that significantly shape investor expectations and stock trajectory.
23 Feb
An investment fund built a $40 million stake in SPS Commerce, Inc. (SPSC) as shares plunged 60% from peaks despite 100 consecutive quarters of revenue growth. Fund's large stake signals undervaluation amid sharp share decline despite flawless growth, likely moderating investor sentiment without fundamentally altering trajectory.
13 Feb
SPS Commerce, Inc. (SPSC) reported consistent growth in its Q4 2025 earnings call, highlighting resilience amid market challenges. The company showcased strong financial performance, driven by increased demand for its supply chain solutions. Key metrics indicated a positive trajectory, with revenue growth and customer acquisition reflecting effective strategies. Management emphasized ongoing investments in technology and innovation to enhance service offerings and maintain competitive advantage. Despite external market pressures, SPS Commerce remains optimistic about future growth prospects. Significant growth and strategic investments indicate a strong potential for future performance improvement.
SPS Commerce, Inc. (SPSC) has experienced a recent pullback in share price, prompting a reevaluation of its valuation. Analysts are assessing the company's financial health and growth prospects in light of market conditions and competitive pressures. The article highlights key metrics and trends that could influence SPSC's future performance, including revenue growth and market demand for its services. Investors are advised to consider these factors when evaluating the stock's potential recovery and long-term value. Current market conditions and competitive pressures may moderately influence SPS Commerce's financial performance and growth trajectory.
12 Feb
SPS Commerce, Inc. reported its Q4 earnings, highlighting strong revenue growth and increased customer adoption of its cloud-based solutions. The company emphasized its commitment to innovation and expanding its product offerings to enhance customer experience. Management expressed optimism about future growth prospects, driven by ongoing demand in the retail sector and strategic partnerships. Key metrics showed an increase in subscription revenue and a solid outlook for the upcoming fiscal year. Strong revenue growth and strategic initiatives indicate significant potential for future performance.