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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) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, SPS Commerce, Inc. (SPSC) trades at a EV/EBITDA of 16.4×. Over the past ten years it has ranged from 9.7× (May 2026) to 80.9× (July 2015); the current reading is higher than 5% of that period. That is above the Software Application industry median of 15.5× and above the Technology sector median of 14.5×.

EV/EBITDA, daily

Embed this chart

Annual newest first

Period EV/EBITDA Change
FY2025 18.3× (63.84%)
FY2024 50.5× (12.68%)
FY2023 57.8× 30.37%
FY2022 44.4× (26.92%)
FY2021 60.7× 14.87%
FY2020 52.9× 67.81%
FY2019 31.5× 0.27%
FY2018 31.4× 1.40%
FY2017 31.0× (47.14%)
FY2016 58.6× (5.96%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 16.4× 36.82%
Jun 2026 12.0× 10.02%
Mar 2026 10.9× (40.33%)
Dec 2025 18.3× (21.52%)
43 more quarters

Against its own ten years

Low 9.7× High 80.9×
Ten-year median 46.0×
Current reading's percentile 5

EV/EBITDA against peers

Company EV/EBITDA
INTA Intapp, Inc. compare n/m
VIA Via Transportation Inc. compare n/m
ASAN Asana, Inc. compare n/m
NATL NCR Atleos Corporation compare 7.2×
BULL Webull Corporation compare 9.2×
SPSC SPS Commerce, Inc. 16.4×
ALRM Alarm.com Holdings, Inc. compare 20.0×
AGYS Agilysys, Inc. compare 54.6×
FSLY Fastly, Inc. compare 3,265×
Software Application industry median 15.5×
Technology sector median 14.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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