SPS Commerce/$SPSC
1D1W1MYTD1Y5YMAX
Capital at risk
About SPS Commerce
SPS Commerce Inc is a provider of cloud-based supply chain management services for retailers, grocers, distributors, suppliers, and logistics firms to increase supply chain performance, optimize inventory levels and sell-through, reduce operational costs, improve order visibility, and satisfy consumer demands for a seamless omnichannel experience. Its solutions are delivered through the SPS Commerce platform and provide integrations and retail performance analytics to its customers. The company has one operating segment Supply Chain Management Solutions, that derives revenues from customers by providing access to cloud-based supply chain management services, primarily under subscription-based service arrangements.
- Ticker
- $SPSC
- Sector
- Software & Cloud Services
- Primary listing
- NASDAQ
- Employees
- 2,948
- Headquarters
- Minneapolis, United States
- Website
- www.spscommerce.com
SPS Commerce Metrics
BasicAdvanced
$3B
40.34
$2.09
0.49
-
Price and volume
Market cap
$3B
Beta
0.49
52-week high
$114.87
52-week low
$49.04
Average daily volume
493K
Financial strength
Current ratio
2.259
Quick ratio
1.619
Long term debt to equity
0.005
Total debt to equity
0.007
Profitability
EBITDA (TTM)
183.201
Gross margin (TTM)
69.82%
Net profit margin (TTM)
10.10%
Operating margin (TTM)
15.83%
Effective tax rate (TTM)
25.57%
Revenue per employee (TTM)
$260,000
Management effectiveness
Return on assets (TTM)
6.81%
Return on equity (TTM)
8.26%
Valuation
Price to earnings (TTM)
40.337
Price to revenue (TTM)
4.073
Price to book
3.25
Price to tangible book (TTM)
13.45
Price to free cash flow (TTM)
15.835
Free cash flow yield (TTM)
6.31%
Free cash flow per share (TTM)
5.317
Growth
Revenue change (TTM)
9.80%
Earnings per share change (TTM)
-4.23%
3-year revenue growth (CAGR)
16.17%
10-year revenue growth (CAGR)
15.96%
3-year earnings per share growth (CAGR)
7.95%
10-year earnings per share growth (CAGR)
31.03%
What the Analysts think about SPS Commerce
Analyst ratings (Buy, Hold, Sell) for SPS Commerce stock.
Analyst projections of the future price of SPS Commerce stock.
Bulls say / Bears say
Core recurring revenue grew 6% in the second quarter, while management said the continuing first-party business grew at a high-single-digit rate. Upselling existing customers and adding trading partners could let SPS grow average revenue per customer without relying only on new logos. (SPS Commerce)
Profitability is improving faster than sales: second-quarter adjusted EBITDA rose 19%, and full-year guidance implies a 34% margin, about 300 basis points above 2025. Strong cash conversion and share repurchases give investors a direct return while the company funds product development. (SPS Commerce, Simply Wall St)
MAX is now generally available and uses SPS’s proprietary network data to automate onboarding, identify supply-chain anomalies and improve decision-making. If customers pay for these capabilities, AI could raise average revenue per customer and make the platform more valuable than a basic connectivity service. (SPS Commerce, StockAnalysis)
The growth profile has slowed materially: SPS guides to only 5% to 6% revenue growth for 2026, while second-quarter revenue and recurring revenue each grew 6%. That leaves less room for disappointment if retail and supplier spending softens. (SPS Commerce, Seeking Alpha)
The 3P Revenue Recovery disposal removes about $10.5 million of second-half revenue and produced an estimated loss of roughly $20 million on sale. Although management expects the transaction to be adjusted-EBITDA neutral, it shows that part of the recent expansion was less durable than hoped. (SPS Commerce, SPS Commerce)
MAX is promising but its financial contribution is still unproven: management said it was working through pricing and packaging, with wider agent monetisation expected in 2027. Investors therefore face execution risk if AI adoption or cross-selling takes longer than planned. (StockAnalysis, SPS Commerce)
Data summarised monthly by Lightyear AI. Last updated on 23 Sept 2026.
SPS Commerce Financial Performance
Revenues and expenses
SPS Commerce Earnings Performance
Company profitability
Upcoming events
No upcoming events
SPS Commerce News
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Funds containing SPS Commerce
AllUSDGBPEUR
Fund name | Fund size | $SPSC weighting |
|---|---|---|
iShares S&P SmallCap 600$IDP6 | $3.2B | 0.17% |
iShares S&P Small Cap 600ÂŁISP6 | ÂŁ2.4B | 0.17% |
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.10% |
SPDR Russell 2000 US Small CapÂŁR2SC | ÂŁ4.1B | 0.10% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | €2.8B | 0.09% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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