Pricing Log in Create free account
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/Sales

Alert me on EV/Sales

As of 5 November 2026, SPS Commerce, Inc. (SPSC) trades at a EV/Sales of 3.6×. Over the past ten years it has ranged from 2.2× (May 2026) to 16.7× (September 2021); the current reading is higher than 8% of that period. That is above the Software Application industry median of 2.9× and above the Technology sector median of 2.6×.

EV/Sales, daily

Embed this chart

Annual newest first

Period EV/Sales Change
FY2025 4.3× (58.68%)
FY2024 10.4× (13.94%)
FY2023 12.1× 23.39%
FY2022 9.8× (22.43%)
FY2021 12.6× 8.34%
FY2020 11.6× 88.01%
FY2019 6.2× 24.08%
FY2018 5.0× 62.83%
FY2017 3.1× (43.03%)
FY2016 5.4× (17.58%)

Quarterly newest first

Period EV/Sales Change
Sep 2026 3.6× 43.50%
Jun 2026 2.5× (1.92%)
Mar 2026 2.5× (41.09%)
Dec 2025 4.3× (17.86%)
43 more quarters

Against its own ten years

Low 2.2× High 16.7×
Ten-year median 7.0×
Current reading's percentile 9

EV/Sales against peers

Company EV/Sales
BULL Webull Corporation compare 1.1×
NATL NCR Atleos Corporation compare 1.3×
ASAN Asana, Inc. compare 2.7×
FSLY Fastly, Inc. compare 3.4×
SPSC SPS Commerce, Inc. 3.6×
ALRM Alarm.com Holdings, Inc. compare 3.6×
VIA Via Transportation Inc. compare 5.6×
INTA Intapp, Inc. compare 5.8×
AGYS Agilysys, Inc. compare 9.4×
Software Application industry median 2.9×
Technology sector median 2.6×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((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)) ÷ Revenue (TTM)

The full definition of EV/Sales →

More on SPSC