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Friday 6 November 2026 Export SPSC’s income statement to Excel — free account

SPS Commerce, Inc.

SPSC Technology Software Application

SPS Commerce, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $751.5 million, up 17.8% from fiscal 2024.

Revenue
+4.08%
EPS
+27.6%
Free cash flow
+7.23%

Quarter to September 2026, against a year earlier

82.46 2.78 −3.26%
Market cap
$3.0B
P/E
36.4×
Fwd P/E
35.4×
Dividend yield
—
F-score
6/9
Altman Z
12.01
Beneish M
−2.50
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

SPS Commerce, Inc. (SPSC) Book value per share

Alert me on Book value per share

SPS Commerce, Inc.'s book value per share at the end of fiscal 2025 was 25.7×, up 12.2% from 22.9× in fiscal 2024. At the end of the quarter to 30 September 2026 it was 26.0×. Over the past ten years it has ranged from 6.7× (fiscal 2015) to 25.7× (fiscal 2025) — the current reading is the highest in ten years. SPS Commerce, Inc. ranks 27th of 229 Software Application companies by book value per share.

Book value per share, annual

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Annual newest first

Period Book value per share Change
FY2025 25.7× 12.22%
FY2024 22.9× 25.78%
FY2023 18.2× 22.49%
FY2022 14.9× 10.33%
FY2021 13.5× 12.85%
FY2020 11.9× 17.87%
FY2019 10.1× 9.25%
FY2018 9.3× 10.63%
FY2017 8.4× 14.00%
FY2016 7.4× 9.66%

Quarterly newest first

Period Book value per share Change
Sep 2026 26.0× 1.16%
Jun 2026 25.7× (0.20%)
Mar 2026 25.7× 0.12%
Dec 2025 25.7× 1.60%
43 more quarters

Against its own ten years

Low 6.7× High 25.7×
Ten-year median 11.9×
Current reading's percentile 100

Book value per share against peers

Company Book value per share
SPSC SPS Commerce, Inc. 26.0×
ALRM Alarm.com Holdings, Inc. compare 17.5×
AGYS Agilysys, Inc. compare 12.7×
NATL NCR Atleos Corporation compare 7.6×
VIA Via Transportation Inc. compare 7.6×
FSLY Fastly, Inc. compare 6.3×
INTA Intapp, Inc. compare 4.0×
BULL Webull Corporation compare 2.0×
ASAN Asana, Inc. compare 0.5×

What Book value per share is

BV per Share tells an investor how much of a company’s accounting net worth stands behind each share.

(Shareholders Equity (Total) ÷ Shares (Basic, Weighted))

The full definition of Book value per share →

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