SPS Commerce, Inc.

SPS Commerce, Inc.

SPSC
SPS Commerce, Inc.US flagNASDAQ Global Select
55.68
USD
+0.65
- -
2.04BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.43
3.94
4.78
5.7
6.4
7.22
7.97
8.87
10.72
12.48
14.65
17.1
19.84
20.19
Basic EPS, GAAP
0.03
0.08
0.14
0.15
0.01
0.69
0.96
1.29
1.24
1.53
1.8
2.07
2.46
2.41
Free Cash Flow per Basic Share
0.41
0.28
0.17
0.32
0.69
1.2
1.66
2.05
2.6
2.22
3.07
3.68
4.02
4.42
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-1.54
-1.36
-1.19
-0.99
-0.25
0.44
1.4
2.66
3.84
5.35
7.07
9.01
11.34
11.9
Tangible Book Value per Share
4.94
4.66
5.23
5.3
6.4
6.59
7.29
6.41
7.85
6.96
8.49
7.35
5.71
5.7
Basic Weighted Avg Shares
30
32
33
34
34
34
35
35
36
36
37
37
38
38
Sales/Revenue/Turnover
104
128
159
193
220
248
279
313
385
451
537
638
752
762
Operating Margin (%)
1.7
3.43
4.43
3.31
4.54
10.77
13.76
16.04
14.3
15.79
14.39
13.94
15.74
15.34
Depreciation Expense
8
9
10
11
12
13
16
19
25
28
35
42
58
60
Net Income, GAAP
1
3
5
5
- -
24
34
46
45
55
66
77
93
91
Effective Tax Rate (%)
39.49
34.24
34.43
35.7
96.72
15.77
19.87
13.47
16.7
22.7
23.07
22.54
24.63
25.29
Profit Margin (%)
1.01
2.11
2.93
2.57
0.16
9.62
12.08
14.58
11.58
12.23
12.26
12.08
12.42
11.92
Working Capital
137
138
143
154
180
193
224
191
250
212
271
235
181
174
LT Debt
- -
- -
- -
- -
- -
- -
20
20
16
13
10
8
3
5
Total Equity
193
205
222
249
288
319
355
421
484
537
667
855
974
962
Return on Invested Capital (%)
0.66
1.45
2.16
1.75
0.12
7.44
8.86
10.64
9.77
10.46
9.67
8.93
9.71
9.24
Return on Capital (%)
-2.22
-5.95
-11.11
-13.57
-1.66
712.28
76.47
48.27
32.47
29.87
27.22
24.79
23.77
21.99
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
104.85
63.96
38.5
33.27
29.1
25.89
24.38
22.51

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
6
4
2
LT Borrowings
- -
- -
- -
LT Finance Leases
4
3
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
38
38
37
Market Capitalization
3,944
3,377
2,101

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
316
335
329
Cash, Cash Equivalents & STI
134
151
154
Accounts Receivable, Net
67
68
65
Inventories
- -
- -
- -
Total Current Liabilities
160
154
155
Payables & Accruals
25
27
30
ST Debt
6
4
2
Deferred Revenue
78
76
80

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.06%
18.46%
13.95%
Free Cash Flow
43.78%
17.72%
10.86%
Net Income, GAAP
677.07%
15.81%
21.13%
Sales/Revenue/Turnover
16.9%
19.19%
17.83%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
150
154
164
171
638
2025
182
187
190
193
752
2026
192
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.49
0.49
0.63
0.47
2.07
2025
0.58
0.52
0.67
0.69
2.46
2026
0.53
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Chadwick Collins
Full Time Employees
2,783
Sector
Technology
Industry
Software - Infrastructure
Address
333 South Seventh Street Minneapolis MN United States of America 55402
IPO Date
Apr 22, 2010
Business
SPS Commerce, Inc. SPS Commerce, Inc. (NASDAQ:SPSC) provides cloud-based supply chain management software and retail network services that enable retailers, suppliers, grocers, distributors, logistics providers and third-party sellers to automate the exchange of data on products, inventory, orders, shipments, payments, sales and analytics. The company offers core solutions including SPS Fulfillment for EDI compliance and order management; SPS Assortment for product information sharing; SPS Analytics for sales and inventory insights; SPS Community for vendor onboarding and compliance; and specialized tools for 3PL efficiency, grocery automation, distributor replenishment, invoice reconciliation and vendor scorecarding; it serves over 50,000 subscribing customers worldwide through a full-service approach that integrates with ERP systems and supports omnichannel retail across physical and digital channels. Founded in 1987 as St. Paul Software and renamed SPS Commerce in 2001, SPS Commerce is headquartered in Minneapolis, Minnesota, with key operations in the United States, Europe (Breukelen, Netherlands), Asia (Beijing, China), Australia (Melbourne) and Canada (Toronto). Recent developments include the 2024 acquisitions of Traverse Systems for $25 million to enhance invoice deduction management, SupplyPike for $206 million to bolster supplier compliance and analytics, and the 2025 acquisition of Carbon6 Technologies for $210 million to expand revenue recovery tools for Amazon sellers; the company also executed share repurchases totaling over $20 million in 2025 and projects 19-20% revenue growth for the year with ongoing strategic investments in network expansion and M&A.

Company News

APIChat
  • SPS Commerce to Present at the William Blair 46th Annual Growth Stock Conference

  • SPS Commerce to Present at the William Blair 46th Annual Growth Stock Conference

  • How Much Upside is Left in SPS Commerce (SPSC)? Wall Street Analysts Think 32.42%

  • Can SPS Commerce (SPSC) Climb 27.35% to Reach the Level Wall Street Analysts Expect?

  • SPS Commerce, Inc. (SPSC) Q1 2026 Earnings Call Transcript

  • SPS Commerce (SPSC) Tops Q1 Earnings Estimates

  • SPS Commerce Reports First Quarter 2026 Financial Results

  • Conestoga Capital SMid Cap Composite Q1 2026 Portfolio Holdings

  • Investment Manager Sheds $45.7 Million Worth of Software Stock, According to Latest SEC Filing

  • SPS Commerce, Inc. (NASDAQ:SPSC) Receives Average Recommendation of “Hold” from Analysts

  • Allspring Global Investments Holdings LLC Has $9.31 Million Stake in SPS Commerce, Inc. $SPSC

  • SPS Commerce, Inc. $SPSC Stake Lessened by Assenagon Asset Management S.A.

  • SPS Commerce, Inc. $SPSC Shares Sold by Nordea Investment Management AB

  • This Supply Chain Network Stock Down 50% Just Saw One Investor Sell Off $34 Million in Shares

  • SPS Commerce, Inc. $SPSC Shares Sold by Fisher Asset Management LLC

  • SPS Commerce: Buybacks, AI Features, Low Valuation Support 2026 Recovery Potential (Upgrade)

  • SPS Commerce, Inc. (SPSC) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript

  • SPS Commerce to Present at the Morgan Stanley Technology, Media & Telecom Conference

  • Fund Builds $40 Million SPS Commerce Stake as Shares Sink 60% Despite 100 Straight Growth Quarters

  • SPS Commerce, Inc. (SPSC) Q4 2025 Earnings Call Transcript