SPS Commerce, Inc. logo

SPS Commerce, Inc.

SPSC

NASDAQTechnologySoftware - Application

Previous close

$81.09

+$1.66 · +2.09%

Aug 21, 4:00 PM ET

SPSC company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

83

Deep Value

Momentum

38

Weakening

Sentiment

69

Bullish

Risk resilience

48

Elevated Risk

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Company profile

Company website

SPS Commerce, Inc. delivers comprehensive, cloud-based solutions for supply chain management across the globe. The company's central offering is its "SPS Commerce" platform, an advanced system that enhances operations for retailers, suppliers, grocers, distributors, and logistics firms. This platform allows these businesses to streamline the management and fulfillment of omnichannel orders, boost sell-through efficiency, and automate the creation of new trading partnerships. Key components include the Fulfillment solution, which automates order processing and can either replace or augment a client's existing staff and electronic communication systems. It simplifies adherence to retailer-specific rules, facilitates seamless digital data exchange with numerous trading partners using various protocols, and provides greater transparency into an order's journey. Additionally, the Analytics solution features data analysis applications that empower clients with deeper insights throughout their supply chains. SPS Commerce also offers complementary products like an assortment tool for accurate order management and rapid fulfillment, and a community product designed to expedite vendor onboarding and ensure trading partner compliance with evolving supply chain demands. The company, initially incorporated in 1987 as St. Paul Software, Inc., adopted its current name, SPS Commerce, Inc., in May 2001. It is headquartered in Minneapolis, Minnesota.

Industry
Software - Application
Sector
Technology
Headquarters
US
CEO
Chadwick Collins
Listed since
Apr 22, 2010
Employees
2,948

Market position

Day range

Current $81.09

52-week range

Current $81.09

Open
$78.66
Previous close
$79.43
Volume
439.77K
0.7× average
Average volume
629.18K
Average daily volume
Market cap
2.92B USD
Beta
0.56
Market reference 1
50-day average
$65.2062
+24.36% above average
200-day average
$68.7208
+18.00% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
38.99×
P/B (TTM)
3.19×
P/S (TTM)
3.78×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
69.82%
Operating margin
15.83%
Net margin
10.10%

Financial health

Debt / equity
0.01×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends75%52%29%6%Gross margin, FY2021: 65.82%Gross margin, FY2022: 66.05%Gross margin, FY2023: 66.09%Gross margin, FY2024: 66.96%Gross margin, FY2025: 69.18%Operating margin, FY2021: 14.30%Operating margin, FY2022: 15.79%Operating margin, FY2023: 14.39%Operating margin, FY2024: 13.94%Operating margin, FY2025: 15.74%Net margin, FY2021: 11.58%Net margin, FY2022: 12.23%Net margin, FY2023: 12.26%Net margin, FY2024: 12.08%Net margin, FY2025: 12.42%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 65.82%. Gross margin FY2022 66.05%. Gross margin FY2023 66.09%. Gross margin FY2024 66.96%. Gross margin FY2025 69.18%. Operating margin FY2021 14.30%. Operating margin FY2022 15.79%. Operating margin FY2023 14.39%. Operating margin FY2024 13.94%. Operating margin FY2025 15.74%. Net margin FY2021 11.58%. Net margin FY2022 12.23%. Net margin FY2023 12.26%. Net margin FY2024 12.08%. Net margin FY2025 12.42%.

Income trends

Revenue

751.51M USD+17.83%

Operating income

118.3M USD+33.10%

Net income

93.34M USD+21.13%
Income trends across reported periods822.2M USD539.43M USD256.67M USD−26.09M USDRevenue, FY2021: 385.28M USDRevenue, FY2022: 450.88M USDRevenue, FY2023: 536.91M USDRevenue, FY2024: 637.77M USDRevenue, FY2025: 751.51M USDOperating income, FY2021: 55.09M USDOperating income, FY2022: 71.18M USDOperating income, FY2023: 77.25M USDOperating income, FY2024: 88.88M USDOperating income, FY2025: 118.3M USDNet income, FY2021: 44.6M USDNet income, FY2022: 55.13M USDNet income, FY2023: 65.82M USDNet income, FY2024: 77.05M USDNet income, FY2025: 93.34M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 385.28M USD. Revenue FY2022 450.88M USD. Revenue FY2023 536.91M USD. Revenue FY2024 637.77M USD. Revenue FY2025 751.51M USD. Operating income FY2021 55.09M USD. Operating income FY2022 71.18M USD. Operating income FY2023 77.25M USD. Operating income FY2024 88.88M USD. Operating income FY2025 118.3M USD. Net income FY2021 44.6M USD. Net income FY2022 55.13M USD. Net income FY2023 65.82M USD. Net income FY2024 77.05M USD. Net income FY2025 93.34M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue751.51M USD637.77M USD536.91M USD450.88M USD385.28M USD
Cost of goods sold231.63M USD210.71M USD182.07M USD153.07M USD131.68M USD
Gross profit519.88M USD427.05M USD354.84M USD297.81M USD253.6M USD
Research and development68.68M USD62.81M USD53.65M USD45.75M USD39.04M USD
Selling, general, and administrative295.72M USD251.85M USD207.82M USD169.11M USD149.35M USD
Operating expenses401.57M USD338.17M USD277.59M USD226.63M USD198.51M USD
Interest income10.58M USD7.66M USD278K USD
Depreciation and amortization58.26M USD42.23M USD34.75M USD28.19M USD24.91M USD
Operating income118.3M USD88.88M USD77.25M USD71.18M USD55.09M USD
Net income93.34M USD77.05M USD65.82M USD55.13M USD44.6M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+11.60%
11 comparable reports
Latest EPS result
1.27
Estimate 1.09 · Beat by 16.51%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.321.140.970.79Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 10, 2025: actual 0.89, estimate 0.87, surprise +2.30%, Beat. Q2 2025, reported Apr 24, 2025: actual 1, estimate 0.84, surprise +19.05%, Beat. Q3 2025, reported Jul 30, 2025: actual 1, estimate 0.9, surprise +11.11%, Beat. Q4 2025, reported Oct 30, 2025: actual 1.13, estimate 0.99, surprise +14.14%, Beat. Q1 2026, reported Feb 12, 2026: actual 1.14, estimate 1, surprise +14.00%, Beat. Q2 2026, reported Apr 30, 2026: actual 1.1, estimate 1.02, surprise +7.84%, Beat. Q3 2026, reported Jul 30, 2026: actual 1.27, estimate 1.09, surprise +16.51%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 1.22, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates205.73M190.94M176.16M161.38MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 10, 2025: actual 170.91M USD, estimate 169.29M USD, surprise +0.95%, Beat. Q2 2025, reported Apr 24, 2025: actual 181.55M USD, estimate 179.02M USD, surprise +1.41%, Beat. Q3 2025, reported Jul 30, 2025: actual 187.4M USD, estimate 185.83M USD, surprise +0.85%, Beat. Q4 2025, reported Oct 30, 2025: actual 189.9M USD, estimate 193.6M USD, surprise -1.91%, Miss. Q1 2026, reported Feb 12, 2026: actual 192.65M USD, estimate 193.6M USD, surprise -0.49%, Miss. Q2 2026, reported Apr 30, 2026: actual 192.12M USD, estimate 192.47M USD, surprise -0.18%, Miss. Q3 2026, reported Jul 30, 2026: actual 197.82M USD, estimate 195.46M USD, surprise +1.21%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 197.51M USD, surprise —, Comparison unavailable.

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