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) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, SPS Commerce, Inc. (SPSC) trades at a P/S ratio of 3.8×. Over the past ten years it has ranged from 2.4× (May 2026) to 17.3× (September 2021); the current reading is higher than 5% of that period. That is above the Software Application industry median of 3.0× and above the Technology sector median of 2.6×.

P/S ratio, daily

Embed this chart

Annual newest first

Period P/S ratio Change
FY2025 4.5× (58.26%)
FY2024 10.8× (14.44%)
FY2023 12.6× 22.67%
FY2022 10.3× (22.75%)
FY2021 13.3× 8.49%
FY2020 12.2× 75.95%
FY2019 7.0× 21.86%
FY2018 5.7× 49.96%
FY2017 3.8× (37.58%)
FY2016 6.1× (16.92%)

Quarterly newest first

Period P/S ratio Change
Sep 2026 3.8× 40.30%
Jun 2026 2.7× (0.98%)
Mar 2026 2.7× (39.22%)
Dec 2025 4.5× (16.92%)
43 more quarters

Against its own ten years

Low 2.4× High 17.3×
Ten-year median 7.6×
Current reading's percentile 5

P/S ratio against peers

Company P/S ratio
NATL NCR Atleos Corporation compare 0.8×
ALRM Alarm.com Holdings, Inc. compare 3.1×
ASAN Asana, Inc. compare 3.1×
FSLY Fastly, Inc. compare 3.4×
BULL Webull Corporation compare 3.8×
SPSC SPS Commerce, Inc. 3.8×
INTA Intapp, Inc. compare 5.6×
VIA Via Transportation Inc. compare 6.2×
AGYS Agilysys, Inc. compare 9.8×
Software Application industry median 3.0×
Technology sector median 2.6×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

More on SPSC