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%

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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

SPS Commerce, Inc. (SPSC) Current ratio

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SPS Commerce, Inc.'s current ratio at the end of the quarter to 30 September 2026 was 2.3×, up 0.1× from fiscal 2025 (2.2×). Over the past ten years it has ranged from 2.2× (fiscal 2025) to 6.9× (fiscal 2015) — the current reading is the lowest in ten years. That is above the Software Application industry median of 1.5× and above the Technology sector median of 1.9×.

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<iframe src="https://stockrow.com/embed/SPSC/current-ratio" width="100%" height="360" style="border:0" loading="lazy" title="SPS Commerce, Inc. current ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/SPSC/metrics/current-ratio">SPS Commerce, Inc. (SPSC) current ratio — stockrow.com</a></p>

Period	Current ratio	Change
FY2025	2.2×	(16.57%)
FY2024	2.6×	(15.25%)
FY2023	3.1×	5.30%
FY2022	2.9×	(14.84%)
FY2021	3.4×	1.17%
FY2020	3.4×	(21.00%)
FY2019	4.3×	(2.93%)
FY2018	4.4×	(13.49%)
FY2017	5.1×	(11.70%)
FY2016	5.8×	(16.00%)

Period	Current ratio	Change
Sep 2026	2.3×	(0.23%)
Jun 2026	2.3×	6.47%
Mar 2026	2.1×	(2.33%)
Dec 2025	2.2×	10.15%
43 more quarters	Free account

Against its own ten years

Low 2.2× High 6.9×

Ten-year median 3.4×

Current reading's percentile 9

Company	Current ratio
VIA Via Transportation Inc. compare	5.0×
ALRM Alarm.com Holdings, Inc. compare	5.0×
FSLY Fastly, Inc. compare	3.1×
SPSC SPS Commerce, Inc.	2.3×
AGYS Agilysys, Inc. compare	1.9×
BULL Webull Corporation compare	1.3×
ASAN Asana, Inc. compare	0.9×
NATL NCR Atleos Corporation compare	0.9×
INTA Intapp, Inc. compare	0.7×
Software Application industry median	1.5×
Technology sector median	1.9×
Market median	1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

SPS Commerce, Inc. (SPSC) Current ratio

Current ratio, annual

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Against its own ten years

Current ratio against peers

What Current ratio is

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Current ratio, annual

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Against its own ten years

Current ratio against peers

What Current ratio is

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