SPS Commerce/$SPSC
1D1W1M3M6MYTD1Y5YMAX
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
$2.9B
36.49
$2.25
0.62
-
Price and volume
Market cap
$2.9B
Beta
0.62
52-week high
$96.54
52-week low
$49.04
Average daily volume
529K
Financial strength
Current ratio
2.254
Quick ratio
1.622
Long term debt to equity
0.006
Total debt to equity
0.007
Profitability
EBITDA (TTM)
192.93
Gross margin (TTM)
70.23%
Net profit margin (TTM)
10.65%
Operating margin (TTM)
16.80%
Effective tax rate (TTM)
26.87%
Revenue per employee (TTM)
$260,000
Management effectiveness
Return on assets (TTM)
7.15%
Return on equity (TTM)
8.79%
Valuation
Price to earnings (TTM)
36.491
Price to revenue (TTM)
3.887
Price to book
3.14
Price to tangible book (TTM)
12.66
Price to free cash flow (TTM)
14.968
Free cash flow yield (TTM)
6.68%
Free cash flow per share (TTM)
5.495
Growth
Revenue change (TTM)
6.92%
Earnings per share change (TTM)
0.61%
3-year revenue growth (CAGR)
14.93%
10-year revenue growth (CAGR)
15.51%
3-year earnings per share growth (CAGR)
10.30%
10-year earnings per share growth (CAGR)
29.13%
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
Recurring revenue was 96% of Q2 sales, and SPS says its network connects more than 300,000 trading relationships. That broad network and subscription base can support durable customer relationships. (SPS Commerce)
MAX is showing early practical value: management said a customer found more than $300,000 of unbilled invoices using its AI chat tool. SPS is developing agents to automate similar supply-chain checks, creating scope for further customer value and product growth. (StockAnalysis)
Adjusted EBITDA rose 19% in Q2, and management expects a 34% full-year margin, about 300 basis points higher than in 2025. Trailing 12-month free cash flow also grew 40%, giving SPS room to invest and return cash to shareholders. (SPS Commerce, The Motley Fool)
Growth has cooled: Q2 revenue increased 6%, while full-year 2026 guidance implies 5% to 6% growth. The 3P business sale also lowers reported revenue, making a return to faster growth dependent on the remaining business sustaining its high-single-digit pace. (SPS Commerce)
First-party customer numbers slipped by just over 200 sequentially in Q2, and management expects the full-year count to be flat to slightly higher. That puts more weight on increasing revenue from existing customers to drive growth. (The Motley Fool)
Morgan Stanley raised the risk that agent-to-agent protocols could reduce reliance on traditional EDI. If that shift takes hold, it could weaken demand for SPS’s core supply-chain connections. (Investing.com)
Data summarised monthly by Lightyear AI. Last updated on 20 Oct 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
Fund name | Fund size | $SPSC weighting |
|---|---|---|
iShares S&P SmallCap 600$IDP6 | $2.5B | 0.17% |
iShares S&P Small Cap 600£ISP6 | $2.5B | 0.17% |
SPDR Russell 2000 US Small Cap€R2US | $4.7B | 0.10% |
SPDR Russell 2000 US Small Cap£R2SC | $4.7B | 0.10% |
iShares MSCI USA Small Cap CTB Enhanced ESG£CUS1 | $2.7B | 0.08% |
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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