SPSC

SPS Commerce Inc

82.99

Oct 30 • 3:59 PM ET -2.79 (-3.25%)

81.34

Aftermarket • 7:30 PM ET -1.65 (-1.99%)

Technology Software - Application USA Mid NASD

Oct 29, 7:43 PMSPS Commerce beats Q3 estimates with non-GAAP EPS $1.39, revenue $197.6M, trims FY and Q4 outlook on Amazon headwinds

Peers: DSGX OTEX MANH TRAK BILL VERX BL SAP ORCL CCSI

| Held by: IJR VTI IWM VGT VB VBK VXF SPSM IWO VTWO

Scroll to Statements

Index	RUT
Market Cap	2.94B
Enterprise Value	2.76B
Income	83.12M
Sales	780.24M
Book/sh	26.22
Cash/sh	5.18
Dividend Est.	-
Dividend TTM	-
Dividend Ex-Date	-
Dividend Gr. 3/5Y	- -
Payout	0.00%
Employees	2948
IPO	Apr 22, 2010

P/E	36.95
Forward P/E	15.38
PEG	1.26
P/S	3.77
P/B	3.17
P/C	16.03
P/FCF	14.51
EV/EBITDA	14.33
EV/Sales	3.54
Quick Ratio	1.84
Current Ratio	1.84
Debt/Eq	0.01
LT Debt/Eq	0.01
Option/Short	Yes / Yes

EPS (ttm)	2.25
EPS next Y	5.40
EPS next Q	1.33
EPS this Y	17.94%
EPS next Y	7.17%
EPS next 5Y	12.18%
EPS past 3/5Y	18.09% 14.36%
Sales past 3/5Y	18.57% 19.17%
EPS Y/Y TTM	0.46%
Sales Y/Y TTM	6.92%
EPS Q/Q	25.91%
Sales Q/Q	4.08%
Earnings	Oct 29 AMC
EPS/Sales Surpr.	12.97% 0.07%

Insider Own	2.32%
Insider Trans	-0.12%
Inst Own	108.83%
Inst Trans	2.02%
ROA	7.26%
ROE	8.79%
ROIC	8.86%
Gross Margin	65.35%
Oper. Margin	16.80%
Profit Margin	10.65%
SMA20	-3.20%
SMA50	-0.47%
SMA200	21.90%
Trades

Shs Outstand	35.58M
Shs Float	35.17M
Short Float	8.13%
Short Ratio	5.29
Short Interest	2.86M
52W High	106.50 -22.08%
52W Low	49.04 69.23%
Volatility	4.59% 3.61%
ATR (14)	3.16
RSI (14)	44.60
Beta	0.66
Rel Volume	1.22
Avg Volume	541.16K
Volume	659,367

Perf Week	-10.41%
Perf Month	-1.44%
Perf Quarter	9.86%
Perf Half Y	40.85%
Perf YTD	-6.89%
Perf Year	-20.12%
Perf 3Y	-47.33%
Perf 5Y	-45.66%
Perf 10Y	164.01%
Recom	2.79
Target Price	83.73
Prev Close	85.78
Price	82.99
Change %	-3.25%

Consensus

Hold

Avg. Price Target

$83.73

Implied Upside

+0.9%

Analysts13incl. previous ratings

Rating Distribution4 Buy · 8 Hold · 1 Sell

Date	Action	Analyst	Rating Change	Price Target Change	Implied Upside
Jul 21, 2026	Downgrade	MMorgan Stanley	Equal-Weight → Underweight	$57	-31.3%
Apr 16, 2026	Downgrade	RRothschild & Co Redburn	Buy → Neutral	$60	-27.7%
Feb 13, 2026	Downgrade	CCraig Hallum	Buy → Hold	$70	-15.7%
Nov 11, 2025	Downgrade	MMorgan Stanley	Overweight → Equal-Weight	$100	+20.5%
Oct 31, 2025	Downgrade	SStifel	Buy → Hold	$80	-3.6%
Oct 31, 2025	Downgrade	CCantor Fitzgerald	Overweight → Neutral	$80	-3.6%
Jul 31, 2025	Downgrade	LLoop Capital	Buy → Hold	$120	+44.6%
Jul 14, 2025	Initiated	MMorgan Stanley	Overweight	$180	+116.9%
Jun 03, 2025	Initiated	CCantor Fitzgerald	Overweight	$170	+104.8%
Nov 25, 2024	Initiated	PPiper Sandler	Neutral	$198	+138.6%
Jul 29, 2024	Downgrade	NNorthland Capital	Outperform → Market Perform
May 14, 2024	Initiated	RRedburn Atlantic	Buy	$220	+165.1%
Mar 13, 2024	Initiated	CCitigroup	Buy	$216	+160.3%
Nov 14, 2023	Initiated	DDA Davidson	Buy	$200	+141.0%
Oct 27, 2023	Upgrade	NNorthland Capital	Market Perform → Outperform	$175 → $177	+113.3%
Dec 14, 2022	Downgrade	RRobert W. Baird	Outperform → Neutral	$151	+81.9%
Oct 29, 2021	Downgrade	NNorthland Capital	Outperform → Market Perform	$140 → $170	+104.8%
Oct 12, 2021	Initiated	LLoop Capital	Buy	$175	+110.9%
Sep 01, 2021	Reiterated	TThe Benchmark Company	Buy	$120 → $150	+80.7%
Jul 30, 2021	Upgrade	RRobert W. Baird	Neutral → Outperform	$124 → $130	+56.6%

Oct-29-26 07:15PM	SPS Commerce Beats On Margin Leverage, But A Fourth Straight Revenue-Guide Cut Keeps The Growth Debate Alive (Earnings Whispers)
04:47PM	SPS Commerce: Q3 Earnings Snapshot (Associated Press)
04:07PM	SPS Commerce Reports Strong Third Quarter 2026 Financial Results (GlobeNewswire)
Oct-22-26 06:52AM	SPS Commerce Must Prove Its Leaner Core Can Justify A Rally To Record Range Highs (Earnings Whispers)
Oct-15-26 04:07PM	SPS Commerce Announces Date of Third Quarter 2026 Financial Results (GlobeNewswire)
08:01AM	Loading…
Sep-24-26 08:01AM	This Company's Software Manages Supply Chains for Retailers. Its Stock Can Surge 30%. (Barrons.com)
Sep-15-26 10:00AM	SPS Commerce Brings Network Intelligence to AI, Enabling Supply Chain Leaders to Turn Investment into Insight (Business Wire)
Sep-02-26 04:05PM	SPS Commerce to Present at Citi's 2026 Global TMT Conference (GlobeNewswire)
Aug-19-26 07:09AM	Walgreens, US Foods, Petco and More Recognized in the Inaugural Class of Top Supply Chain Leaders by SPS Commerce (Business Wire)
Jul-31-26 01:04AM	SPS Commerce Inc (SPSC) (Q2 2026) Earnings Call Highlights: Strategic Divestiture Sharpens ... (GuruFocus.com) +11.48%
Jul-30-26 04:39PM	SPS Commerce: Q2 Earnings Snapshot (Associated Press) -5.14%
04:05PM	SPS Commerce Reports Strong Second Quarter 2026 Financial Results (GlobeNewswire)
Jul-16-26 04:05PM	SPS Commerce Announces Date of Second Quarter 2026 Financial Results (GlobeNewswire)
Jun-30-26 08:30AM	SPS Commerce Announces Agreement to Sell 3P Revenue Recovery Business (GlobeNewswire)
Jun-23-26 02:11PM	SPS Commerce hires Morgan Stanley to explore sale amid activist push - Reuters (Investing.com)
01:01PM	Loading…
01:01PM	SPS Commerce explores sale amid activist pressure, sources say (Reuters)
08:15AM	Orderfuls $35M Series C targets the service model that has defined EDI for decades (FreightWaves)
May-26-26 04:07PM	SPS Commerce to Present at the William Blair 46th Annual Growth Stock Conference (GlobeNewswire)
May-01-26 03:19AM	SPS Commerce Inc (SPSC) Q1 2026 Earnings Call Highlights: Strong Revenue Growth Amidst Amazon ... (GuruFocus.com)
Apr-30-26 05:01PM	SPS Commerce: Q1 Earnings Snapshot (Associated Press)
04:05PM	SPS Commerce Reports First Quarter 2026 Financial Results (GlobeNewswire)
01:36PM	Apple Earnings Become Sideshow With New CEO Ready to Grab Reins (Bloomberg)
Apr-16-26 04:07PM	SPS Commerce Announces Date of First Quarter 2026 Financial Results (GlobeNewswire)
Feb-25-26 04:07PM	SPS Commerce to Present at the Morgan Stanley Technology, Media & Telecom Conference (GlobeNewswire) +5.74%
Feb-13-26 12:04AM	SPS Commerce Inc (SPSC) Q4 2025 Earnings Call Highlights: Consistent Growth Amid Market Challenges (GuruFocus.com)
Feb-12-26 09:07PM	SPS Commerce Q4 Earnings Call Highlights (MarketBeat) -5.53%
05:35PM	SPS Commerce (SPSC) Q4 Earnings Beat Estimates (Zacks)
05:00PM	SPS Commerce: Q4 Earnings Snapshot (Associated Press Finance)
04:07PM	SPS Commerce Appoints New Independent Directors to the Board (GlobeNewswire)
04:05PM	SPS Commerce Reports Fourth Quarter and Fiscal Year 2025 Financial Results (GlobeNewswire)
09:39AM	Loading…
09:39AM	Stocks in OpenAIs Orbit Get Second Look as Traders Eye Rebound (Bloomberg)
Feb-10-26 09:17AM	SPS Commerce Introduces MAX, New Capabilities Embedded in SPS' Agentic Supply Chain Network (Business Wire)
Feb-05-26 07:45AM	Thomson Reuters (TRI) Beats Q4 Earnings and Revenue Estimates (Zacks)
Feb-02-26 08:00AM	SPS Commerce Announces Date of Fourth Quarter and Fiscal Year 2025 Financial Results (GlobeNewswire)
Jan-16-26 09:00AM	SPS Commerce (SPSC) Fell Following Muted Outlook (Insider Monkey)
Jan-15-26 08:31AM	AMN Healthcare (AMN) Stock Jumps 27.6%: Will It Continue to Soar? (Zacks)
08:30AM	Top Cybersecurity Stocks for 2026 Show Significant Upside Potential (Investing.com)
Jan-08-26 02:28PM	SPS Commerce Announces New Product Innovations Enabling Retailers and Brands to Meet the Needs of Evolving Supply Chains (Business Wire)
Jan-06-26 04:06PM	SPS Commerce to Present at the 28th Annual Needham Growth Conference (GlobeNewswire)
Dec-21-25 04:00PM	The 5 Best Growth Stocks to Buy Right Now for 2026 (Motley Fool)
Dec-18-25 10:35AM	SPS Commerce, Inc. (SPSC): A Bull Case Theory (Insider Monkey)
Dec-16-25 02:11AM	This High Quality Supply Chain SaaS Company looks Undervalued (GuruFocus.com)
Dec-09-25 05:01AM	Balanced Analyst Sentiment on SPS Commerce Highlights Diverging Views Ahead of 2026 (Insider Monkey)
Dec-02-25 04:16PM	SPS Commerce to Present at the Nasdaq 53rd Investor Conference (GlobeNewswire)
Nov-17-25 08:45AM	Why I Keep Buying These 10 Incredible Growth Stocks (Motley Fool)
Nov-12-25 09:35AM	DraftKings downgraded, Instacart upgraded: Wall Streets top analyst calls (TipRanks)
Nov-11-25 09:32AM	DraftKings downgraded, Instacart upgraded: Wall Street's top analyst calls (The Fly)
Nov-06-25 09:53AM	Best Buys Now: 3 Undervalued Stocks to Buy After Q3 Earnings (24/7 Wall St.)
Oct-31-25 07:35PM	Closing Bell Movers: Amazon soars to all-time highs on earnings (TipRanks) -20.84%
01:28PM	Why SPS Commerce Stock Is Crashing Today (Motley Fool)
09:19AM	This Supply Chain Stock Plummets 31%. Why Amazon Is Part of the Story. (Barrons.com)
Oct-30-25 11:03PM	SPS Commerce Inc (SPSC) Q3 2025 Earnings Call Highlights: Strong Revenue Growth Amid Market ... (GuruFocus.com)
06:05PM	SPS Commerce (SPSC) Q3 Earnings Beat Estimates (Zacks)
04:59PM	SPS Commerce: Q3 Earnings Snapshot (Associated Press Finance)
04:05PM	SPS Commerce Reports Third Quarter 2025 Financial Results (GlobeNewswire)
Oct-29-25 09:33AM	Earnings To Watch: SPS Commerce Inc (SPSC) Reports Q3 2025 Result (GuruFocus.com)
08:06AM	SPS Commerce (SPSC) Fell Despite Reporting Strong Results (Insider Monkey)
Oct-20-25 09:57AM	Should You Hold SPS Commerce (SPSC)? (Insider Monkey)
Oct-16-25 04:05PM	SPS Commerce Announces Date of Third Quarter 2025 Financial Results (GlobeNewswire)
Oct-03-25 04:47AM	DA Davidson Asserts 'Neutral' Rating on SPS Commerce Inc. (SPSC) Amid Organic Growth Push (Insider Monkey)
Sep-30-25 04:13AM	Citi Reduces PT on SPS Commerce (SPSC), Keeps Buy (Insider Monkey)
Sep-26-25 11:09AM	Morgan Stanley Maintains Buy Rating on SPS Commerce (SPSC) Stock (Insider Monkey)
Sep-09-25 04:07PM	SPS Commerce to Host Investor Day on September 23, 2025 (GlobeNewswire)
Aug-28-25 04:06PM	SPS Commerce to Present at Citi's 2025 Global TMT Conference (GlobeNewswire)
Aug-27-25 05:12AM	SPS Commerce, Inc. (SPSC): A Bull Case Theory (Insider Monkey)
Aug-01-25 12:45PM	3 Reasons Growth Investors Will Love SPS Commerce (SPSC) (Zacks)
Jul-31-25 09:46AM	Meta, Microsoft upgraded: Wall Street's top analyst calls (The Fly) -21.99%
03:31AM	SPS Commerce Inc (SPSC) Q2 2025 Earnings Call Highlights: Strong Revenue Growth Amid Market ... (GuruFocus.com)
Jul-30-25 05:55PM	SPS Commerce (SPSC) Tops Q2 Earnings and Revenue Estimates (Zacks)
04:57PM	SPS Commerce: Q2 Earnings Snapshot (Associated Press Finance)
04:05PM	SPS Commerce Reports Second Quarter 2025 Financial Results (GlobeNewswire)
Jul-29-25 09:30AM	SPS Commerce Inc (SPSC) Q2 2025: Everything You Need To Know Ahead Of Earnings (GuruFocus.com)
Jul-25-25 12:10PM	Why SPS Commerce (SPSC) is Poised to Beat Earnings Estimates Again (Zacks)
Jul-24-25 10:00AM	Bright Horizons Family Solutions (BFAM) Earnings Expected to Grow: What to Know Ahead of Next Week's Release (Zacks)
Jul-20-25 05:30AM	Morgan Stanley: One stock to buy, one to avoid in $45B software opportunity (Investing.com)
Jul-17-25 10:00AM	SPS Commerce (SPSC) to Report Q2 Results: Wall Street Expects Earnings Growth (Zacks)
09:40AM	Cintas (CTAS) Q4 Earnings and Revenues Top Estimates (Zacks)
Jul-16-25 04:05PM	SPS Commerce Announces Date of Second Quarter 2025 Financial Results (GlobeNewswire)
Jun-03-25 04:05PM	SPS Commerce to Present at the 1st Annual D.A. Davidson Technology & Consumer Conference (GlobeNewswire)
May-02-25 04:45AM	2 Super Growth Stocks Down 34% and 61% to Buy on the Dip (Motley Fool)
May-01-25 04:41PM	SPS Commerce Enhances Offering to Include Suite of Services for Manufacturing Supply Chain (Business Wire)
Apr-29-25 09:26AM	Here's Why SPS Commerce (SPSC) Shares Declined by 14% (Insider Monkey)
Apr-25-25 06:53AM	Q1 2025 SPS Commerce Inc Earnings Call (Thomson Reuters StreetEvents)
Apr-24-25 09:36PM	SPS Commerce, Inc. (SPSC) Q1 2025 Earnings Call Transcript (Seeking Alpha)
05:55PM	SPS Commerce (SPSC) Q1 Earnings and Revenues Top Estimates (Zacks)
04:48PM	SPS Commerce: Q1 Earnings Snapshot (Associated Press Finance)
04:05PM	SPS Commerce Reports First Quarter 2025 Financial Results (GlobeNewswire)
Apr-17-25 10:01AM	SPS Commerce (SPSC) Expected to Beat Earnings Estimates: Should You Buy? (Zacks)
Apr-10-25 04:07PM	SPS Commerce Announces Date of First Quarter 2025 Financial Results (GlobeNewswire)
03:56PM	SPS Commerce: Its risks might move it up (GuruFocus.com)
10:36AM	Bright Horizons (BFAM) Surges 8.4%: Is This an Indication of Further Gains? (Zacks)
Mar-26-25 09:40AM	Cintas (CTAS) Q3 Earnings and Revenues Surpass Estimates (Zacks)
09:15AM	SPS Commerce Releases 2024 ESG Report, Reinforcing Commitment to Sustainable and Responsible Growth (GlobeNewswire)
Mar-25-25 11:26AM	SPS Commerce: Interesting TAM Expansion And Appears Undervalued (SeekingAlpha)
Mar-17-25 08:11AM	Strength Seen in SPS Commerce (SPSC): Can Its 5.2% Jump Turn into More Strength? (Zacks)
Mar-06-25 12:45PM	Here is Why Growth Investors Should Buy SPS Commerce (SPSC) Now (Zacks)
Mar-02-25 08:22PM	SPS Commerce, Inc. (SPSC): Among the Worst Performing Software Stocks to Buy According to Analysts (Insider Monkey)
Feb-27-25 04:07PM	SPS Commerce to Present at the Morgan Stanley Technology, Media & Telecom Conference (GlobeNewswire)
Feb-23-25 08:12AM	Is SPS Commerce Inc. (SPSC) The Best 52-Week Low Stock To Buy Now According to Short Sellers? (Insider Monkey)
Feb-12-25 09:45AM	SPS Commerce price target lowered to $210 from $230 at Needham (TipRanks)

Show Previous News

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
KIMBERLY NELSON	Officer	Jun 02 '26	Proposed Sale	59.64	32,808	1,956,669		Jun 02 04:30 PM
Reaume Marty M	Director	May 07 '26	Option Exercise	51.80	1,000	51,800	10,158	May 11 04:02 PM
Reaume Marty M	Director	May 07 '26	Sale	57.03	1,000	57,030	9,158	May 11 04:02 PM
MARTHA REAUME	Director	May 07 '26	Proposed Sale	55.87	1,000	55,870		May 07 04:23 PM
Reaume Marty M	Director	Apr 07 '26	Option Exercise	51.80	1,000	51,800	10,158	Apr 09 05:32 PM
Reaume Marty M	Director	Apr 07 '26	Sale	57.90	1,000	57,900	9,158	Apr 09 05:32 PM
MARTHA REAUME	Director	Apr 07 '26	Proposed Sale	58.16	1,000	58,160		Apr 07 04:30 PM
Reller Tami	Director	Mar 13 '26	Option Exercise	51.80	5,732	296,918	51,172	Mar 17 04:39 PM
Reaume Marty M	Director	Mar 09 '26	Option Exercise	51.80	1,000	51,800	10,158	Mar 11 04:32 PM
Reaume Marty M	Director	Mar 09 '26	Sale	62.73	1,000	62,730	9,158	Mar 11 04:32 PM
MARTHA REAUME	Director	Mar 09 '26	Proposed Sale	63.72	1,000	63,720		Mar 09 04:35 PM
Collins Chadwick	Chief Executive Officer	Feb 20 '26	Sale	58.66	13,384	785,128	72,241	Feb 24 04:53 PM
Nelson Kimberly K.	EVP & CFO	Feb 20 '26	Sale	58.66	6,300	369,527	145,452	Feb 24 04:53 PM
THINGELSTAD JAMIE	EVP, Chief Technology Officer	Feb 24 '26	Sale	54.94	2,418	132,852	56,344	Feb 24 04:49 PM
JAMIE J THINGELSTAD	Officer	Feb 24 '26	Proposed Sale	54.22	2,418	131,104		Feb 24 04:31 PM
CHADWICK COLLINS	Director	Feb 20 '26	Proposed Sale	58.35	13,384	780,956		Feb 20 04:45 PM
KIMBERLY NELSON	Officer	Feb 20 '26	Proposed Sale	58.35	6,300	367,605		Feb 20 04:41 PM
Reaume Marty M	Director	Feb 09 '26	Option Exercise	51.80	1,000	51,800	10,158	Feb 11 07:19 PM
Reaume Marty M	Director	Feb 09 '26	Sale	79.92	1,000	79,920	9,158	Feb 11 07:19 PM
MARTHA REAUME	Director	Feb 09 '26	Proposed Sale	79.53	1,000	79,530		Feb 09 04:31 PM
Reaume Marty M	Director	Jan 07 '26	Option Exercise	51.80	1,732	89,718	10,890	Jan 09 04:51 PM
Reaume Marty M	Director	Jan 07 '26	Sale	92.26	1,732	159,794	9,158	Jan 09 04:51 PM
MARTHA REAUME	Director	Jan 07 '26	Proposed Sale	91.47	1,732	158,426		Jan 07 04:24 PM
SORAN PHILIP	Director	Nov 18 '25	Option Exercise	51.80	5,732	296,918	25,894	Nov 20 04:38 PM
THINGELSTAD JAMIE	EVP, Chief Technology Officer	Nov 04 '25	Option Exercise	54.54	8,118	442,756	42,088	Nov 06 04:47 PM

SPS Commerce, Inc. engages in the provision of cloud-based supply chain management services. The firm serves retailers, suppliers, grocers, distributors and logistics firms to orchestrate the management of item data, order fulfillment, inventory control and sales analytics across all channels. Its SPS Commerce cloud services platform offers Trading Partner Community, Fulfillment, Assortment, Analytics, Sourcing, and Other Trading Partner Solutions. The company was founded by Gary W. Anderson and Roger Anderson on January 28, 1987 and is headquartered in Minneapolis, MN.

CEO & DirectorMr. Chadwick Collins

Executive VP & CTOMr. Jamie Thingelstad

Executive VP & Chief Commercial OfficerMr. Eduardo Rosini

Executive VP & CFOMr. Joseph M. Del Preto II

Senior VP & Chief Marketing OfficerMs. Maria Pergolino

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SPSC

SPS Commerce Inc

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