SPS Commerce, Inc. SPSC

81.30 (1.39) (1.68%) as of 25 Sep
Market cap
$3.0B
P/E
39.1×
Growth Flags show if company had growth for consecutive years

Insider Decisions

Total sells 1.70
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — — —
Sell — — — 1 4 1 1 1 — — — —
Insider Ownership 3.73%

Capital & Financial Ratios

Market Cap 3,000.00
Revenue 772.49
Net Income 78.00
Free Cash Flow 198.70
Net Debt (173.17)
Current Ratio 2.26
Debt/Equity 0.00
P/E ratio 39.09
P/S ratio 3.84
P/B ratio 3.16
Past 5Y EPS Growth 16.80%
This Y EPS Growth 14.85%
Next Y EPS Growth 8.58%
Next 5Y EPS Growth 12.23%
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 275 241 151 173
Receivables 47 52 68 64
Inventory — — — —
Other 17 24 49 30
401 382 335 330
2023 2024 2025 Q'26
Payables 7 9 14 9
ST’ Debt — — — —
Other — — — —
131 147 154 146
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 16.84% 19.17% 18.57%
Cash Flow 28.62% 15.09% 21.35%
Earnings 35.01% 15.41% 19.18%
Book Value 15.93% 18.28% 21.94%

Revenue

Mar Jun Sep Dec Year
’26 192 198 — — —
’25 182 187 190 193 752
’24 150 154 164 171 638
’23 126 130 136 145 537
’22 105 109 114 122 451
’21 90 95 98 103 385
’20 74 76 80 83 313
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 56 66 — — —
’25 40 32 61 46 179
’24 34 29 53 41 157
’23 22 34 44 33 132
’22 4 32 40 24 100
’21 22 33 27 31 113
’20 15 22 29 23 89
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 48 57 — — —
’25 34 26 55 38 152
’24 31 24 48 34 137
’23 16 30 38 28 113
’22 0 29 34 18 80
’21 18 28 20 27 93
’20 11 18 25 18 72
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 0.53 0.19 — — —
’25 0.58 0.52 0.67 0.68 2.46
’24 0.48 0.48 0.62 0.46 2.04
’23 0.41 0.39 0.45 0.51 1.76
’22 0.34 0.29 0.43 0.43 1.49
’21 0.28 0.28 0.31 0.34 1.21
’20 0.26 0.31 0.31 0.37 1.26
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.8
1Buy 2 3Hold 4 5Sell
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
37.43 36.30 50.34 59.14 111.63 174.42 146.81 198.35 218.74 197.59
High Price
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
66.69% 66.55% 67.07% 66.95% 68.07% 65.82% 66.05% 66.09% 66.96% 69.18%
Gross Margin
8 11 28 42 53 54 71 86 99 124
EBT
4.00% 4.86% 11.42% 15.07% 16.85% 13.90% 15.82% 15.94% 15.60% 16.48%
EBT Margin
5 0 24 34 46 45 55 66 77 93
Net Income
11 12 13 16 19 25 28 35 42 58
Depreciation
5.70 6.40 7.22 7.97 8.88 10.72 12.48 14.65 17.10 19.84
Revenue/Sh
0.17 0.01 0.70 0.96 1.29 1.24 1.53 1.80 2.07 2.46
Earnings/Sh
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
0.32 0.69 1.20 1.66 2.05 2.60 2.22 3.07 3.68 4.02
Free CF/Sh
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
237.85 0.00 59.27 57.43 84.18 114.80 83.67 102.39 88.46 36.23
PE Ratio
6.10 3.81 5.71 6.95 12.24 13.27 10.25 12.58 10.76 4.49
PS Ratio
4.73 2.91 4.44 5.47 9.09 10.56 8.61 10.12 8.03 3.47
PB Ratio
5.38 3.06 4.99 6.19 11.64 12.61 9.78 12.07 10.38 4.29
EV/Sales
96.58 28.35 30.01 29.68 50.46 52.06 54.99 57.57 48.22 21.18
EV/FCF
19 31 55 72 89 113 100 132 157 179
Op' Cash Flow
(8) (7) (14) (14) (16) (20) (20) (20) (20) (27)
Capex
11 24 41 58 72 93 80 113 137 152
FCF
154 180 193 224 191 250 212 271 235 181
Working Cap'
— — — 24 24 21 17 — — —
Total Debt
(139) (163) (178) (214) (187) (257) (214) (275) (241) (151)
Net Debt
249 288 319 355 421 484 537 667 855 974
Sh' Equity
1.77% 0.11% 6.58% 8.09% 9.36% 7.81% 8.56% 8.80% 8.31% 8.48%
ROA
3.62% 5.00% 11.88% 16.98% 13.44% 15.17% 13.78% 12.32% 9.05% 8.99%
ROIC
2.11% 0.13% 7.86% 10.01% 11.76% 9.86% 10.80% 10.93% 10.12% 10.21%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

SPS Commerce, Inc. peers in Software Application

All 237 Software Application stocks →

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.

Source: company filings (standardised) and stockrow calculations.

SPS Commerce, Inc. (SPSC) Latest News

News by impact score

Fine-tune

15 Sep

3

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

3

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

3

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

3 transcript

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

3

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

4

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.

4 transcript

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.

4 transcript

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.

3 transcript

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

4

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.

3

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

3

SPS Commerce, Inc. agrees to sell its 3P Revenue Recovery Business. Divestiture of business unit alters financials and strategic focus.

23 Jun

4

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.

4

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.

3

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

4

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.

4

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

4

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.

4

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.

4

SPS Commerce (SPSC) topped Q1 earnings estimates. Beating Q1 earnings estimates signals strong financial performance likely to boost stock price and investor confidence significantly.

4 transcript

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.

4

SPS Commerce, Inc. (SPSC) reported first quarter 2026 financial results. Quarterly earnings reports significantly influence stock performance and investor sentiment.

3

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

4

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

4

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

4 transcript

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

3

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

4 transcript

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.

3

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

4 transcript

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.

stockrow.com/SPSC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com