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) P/E ratio

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As of 5 November 2026, SPS Commerce, Inc. (SPSC) trades at a P/E ratio of 36.4×. Over the past ten years it has ranged from 0.0× (March 2018) to 5,004× (June 2018); the current reading is higher than 7% of that period. That is above the Software Application industry median of 25.9× and above the Technology sector median of 25.7×.

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

Period	P/E ratio	Change
FY2025	36.2×	(59.04%)
FY2024	88.5×	(13.61%)
FY2023	102×	22.38%
FY2022	83.7×	(27.12%)
FY2021	115×	36.38%
FY2020	84.2×	46.58%
FY2019	57.4×	(3.10%)
FY2018	59.3×	—
FY2017	0.0×	—
FY2016	238×	(1.80%)

Period	P/E ratio	Change
Sep 2026	36.4×	32.44%
Jun 2026	27.5×	18.99%
Mar 2026	23.1×	(36.24%)
Dec 2025	36.2×	(22.07%)
43 more quarters	Free account

Against its own ten years

Low 0.0× High 5,004×

Ten-year median 94.9×

Current reading's percentile 6

Company	P/E ratio
INTA Intapp, Inc. compare	n/m
VIA Via Transportation Inc. compare	n/m
FSLY Fastly, Inc. compare	n/m
ASAN Asana, Inc. compare	n/m
NATL NCR Atleos Corporation compare	13.0×
ALRM Alarm.com Holdings, Inc. compare	28.1×
SPSC SPS Commerce, Inc.	36.4×
BULL Webull Corporation compare	48.5×
AGYS Agilysys, Inc. compare	75.8×
Software Application industry median	25.9×
Technology sector median	25.7×
Market median	17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

SPS Commerce, Inc. (SPSC) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on SPSC

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on SPSC

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