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 | Source: SPS Commerce, Inc.

MINNEAPOLIS, Sept. 02, 2026 (GLOBE NEWSWIRE) --  SPS Commerce, Inc. (NASDAQ: SPSC), the leading intelligent supply chain network, today announced that management will present at Citi's 2026 Global TMT Conference on Wednesday, September 9, 2026, at 8:50 AM E.T.

A webcast of the presentation will be available on the company’s investor relations website at http://investors.spscommerce.com/events.

About SPS Commerce

SPS Commerce (NASDAQ: SPSC) is the leading intelligent supply chain network, connecting trading partners around the globe to optimize supply chain operations with all retail partners. Our AI-powered network connects 300,000+ trading relationships worldwide and moves more than 750M transactions and over $650B in gross merchandise value each year. From retailers and brands to manufacturers, distributors, and logistics providers, SPS is trusted by seven of the top ten largest retailers, and over two-thirds of today's fastest growing brands. Our multi-solution portfolio orchestrates the data, decisions, and relationships that keep the world's supply chains moving forward. With nearly 3,000 employees and offices worldwide, SPS Commerce is headquartered in Minneapolis, Minnesota. For more information, visit spscommerce.com.

SPS COMMERCE, SPS, SPS logo and INFINITE RETAIL POWER are marks of SPS Commerce, Inc. and registered in the U.S. Patent and Trademark Office, along with other SPS marks. Such marks may also be registered or otherwise protected in other countries. 

SPS-F

Contact:
Investor Relations
The Blueshirt Group
Irmina Blaszczyk
[email protected]

American Capital Management Inc. bought a new stake in shares of SPS Commerce, Inc. (NASDAQ:SPSC – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 73,958 shares of the software maker’s stock, valued at approximately $4,228,000. American Capital Management Inc. owned 0.21% of SPS Commerce at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPSC. Advisors Asset Management Inc. grew its stake in SPS Commerce by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock valued at $52,000 after purchasing an additional 112 shares in the last quarter. Evergreen Capital Management LLC boosted its position in shares of SPS Commerce by 7.1% during the 4th quarter. Evergreen Capital Management LLC now owns 2,337 shares of the software maker’s stock worth $208,000 after acquiring an additional 155 shares in the last quarter. State of Wyoming lifted its holdings in shares of SPS Commerce by 10.8% in the fourth quarter. State of Wyoming now owns 1,792 shares of the software maker’s stock worth $160,000 after acquiring an additional 174 shares during the last quarter. State of Tennessee Department of Treasury grew its position in SPS Commerce by 1.0% during the 4th quarter. State of Tennessee Department of Treasury now owns 17,442 shares of the software maker’s stock worth $1,557,000 after acquiring an additional 175 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of SPS Commerce by 545.7% in the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock valued at $30,000 after buying an additional 191 shares during the period. 98.96% of the stock is owned by institutional investors.

SPS Commerce Trading Down 0.1% NASDAQ SPSC opened at $80.48 on Thursday. SPS Commerce, Inc. has a 12 month low of $49.04 and a 12 month high of $114.87. The stock has a market cap of $2.90 billion, a PE ratio of 38.88 and a beta of 0.53. The stock’s 50 day moving average is $66.83 and its 200 day moving average is $60.62.

SPS Commerce (NASDAQ:SPSC – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The software maker reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.18. SPS Commerce had a return on equity of 13.04% and a net margin of 10.10%.The business had revenue of $197.81 million for the quarter, compared to analysts’ expectations of $195.46 million. During the same period in the prior year, the firm earned $1.00 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. SPS Commerce has set its Q3 2026 guidance at 1.200-1.230 EPS and its FY 2026 guidance at 4.840-4.930 EPS. On average, analysts forecast that SPS Commerce, Inc. will post 3.56 EPS for the current fiscal year. Wall Street Analyst Weigh In Several equities analysts have recently weighed in on SPSC shares. Zacks Research upgraded shares of SPS Commerce from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Needham & Company LLC restated a “buy” rating and set a $100.00 target price (up from $75.00) on shares of SPS Commerce in a research report on Wednesday, August 19th. DA Davidson set a $65.00 price objective on SPS Commerce in a report on Friday, July 31st. Weiss Ratings raised shares of SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen lowered SPS Commerce from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, SPS Commerce currently has an average rating of “Hold” and a consensus price target of $77.10.

Get Our Latest Analysis on SPS Commerce

About SPS Commerce (Free Report)

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.

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SPS Commerce (NASDAQ: SPSC), the leading intelligent supply chain network, today announced the inaugural class of its Top Supply Chain Leaders, recognizing an initial 50 operational leaders and their teams from organizations across the U.S. and Canada, including Walgreens, US Foods, Petco, Fastenal, Ace Hardware, Gordon Food Service, and Canadian Tire. The recognition celebrates leadership in driving innovation, resilience, and operational excellence across retail, grocery, and distribution.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260819884459/en/

In recent years, supply chain has become one of the most visible and strategically important functions inside an organization. Yet the leaders responsible for navigating disruption, modernizing operations, transforming with AI, and strengthening customer relationships often do not get the public recognition they deserve. SPS Commerce created the "Top Supply Chain Leaders" list to close that gap.

As the leading intelligent supply chain network, trusted by seven of the top ten largest retailers per NRF and over two-thirds of today's fastest growing brands by Bain & Company, SPS is uniquely positioned to highlight the retailers, brands, manufacturers, distributors, and logistics providers that are setting a high bar for future operations.

"The future of supply chain won't be defined by technology alone, but by the leaders who know how to use it to solve increasingly complex business challenges," said Tony DiPaolo, General Manager of Retail at SPS Commerce. "These honorees and their teams are setting a new standard for operational excellence while helping their organizations become more resilient, collaborative, and better prepared for what's next in the Agentic AI era. We're proud to recognize these individuals whose work often happens behind the scenes but positively impacts millions of consumers every day."

As AI, automation and increasingly connected trading networks transform supply chain operations, SPS Commerce believes the industry's greatest competitive advantage remains the people who successfully bring those technologies together to solve real-world operational challenges.

"We are honored to be recognized by SPS Commerce alongside so many accomplished leaders across retail, grocery, and distribution," said Jeff Swiney, Director, Supply Chain & Logistics at K-VA-T Food Stores (Food City). "This acknowledgement reflects our team's commitment to building stronger partnerships, embracing innovation, and finding better ways to keep products moving for the customers and communities we serve, despite an increasingly complex business environment."

The inaugural list was selected by SPS Commerce based on their demonstrated leadership, industry impact, and commitment to advancing supply chain excellence. Additional leaders will be recognized in the coming months, completing the inaugural class of Top Supply Chain Leaders for 2026, with plans to continue an annual list in subsequent years.

See the list and read about the Top Supply Chain Leaders.

About SPS Commerce

SPS Commerce (NASDAQ: SPSC) is the leading intelligent supply chain network, connecting trading partners around the globe to optimize supply chain operations with all retail partners. Our AI-powered network connects 300,000+ trading relationships worldwide and moves more than 750M transactions and over $650B in gross merchandise value each year. From retailers and brands to manufacturers, distributors, and logistics providers, SPS is trusted by seven of the top ten largest retailers, and over two-thirds of today's fastest growing brands. Our multi-solution portfolio orchestrates the data, decisions, and relationships that keep the world's supply chains moving forward. With nearly 3,000 employees and offices worldwide, SPS Commerce is headquartered in Minneapolis, Minnesota. For more information, visit spscommerce.com.

Forward-Looking Statements This press release may contain forward-looking statements, including information about management's view of SPS Commerce's future expectations, plans and prospects, including our views regarding future execution within our business, the opportunity we see in the retail supply chain world and our performance for the fourth quarter and full year of 2025, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties, and other factors which may cause the results of SPS Commerce to be materially different than those expressed or implied in such statements. Certain of these risk factors and others are included in documents SPS Commerce files with the Securities and Exchange Commission, including but not limited to, SPS Commerce's Annual Report on Form 10-K.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260819884459/en/

Assenagon Asset Management S.A. reduced its position in SPS Commerce, Inc. (NASDAQ: SPSC) by 88.3% in the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,830 shares of the software maker's stock after selling 186,577 shares during the quarter. Assenagon

Supply chain software specialist SPS Commerce (SPSC +11.48%) finished July in style. On the last day of the month, its shares raced nearly 11% higher, thanks to a quarterly earnings report that impressed more than a few investors.

Bottom-line boom SPS took the lid off its second-quarter figures after market close on Thursday. These revealed that the company's revenue rose by 6% year over year to $197.8 million. Net income not under generally accepted accounting principles (non-GAAP, or adjusted) came in at $46.4 million, or $1.27 per share. That was a robust 22% higher than the second-quarter 2025 result.

Image source: Getty Images.

It was also more than good enough to beat the average analyst estimate of $1.08 per share. SPS also topped the consensus pundit expectation for revenue, which was $195.4 million.

The company attributed its improvements to successful sales efforts and the benefits of harnessing artificial intelligence (AI) technology.

It quoted CFO Joe Del Preto as saying that the quarter's performance "reflects up-sell and cross-sell momentum across our core business. We continue to demonstrate operational rigor, exceeding our margin expansion goals while simultaneously rolling out our AI strategy across the SPS network."

Today's Change

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The right vendor at the right time SPS proffered guidance for both the current (third) quarter and the entirety of 2026. For the year, it's modeling revenue of $788 million to $793 million, representing at least 5% growth. However, the company recently divested its 3P Revenue Recovery unit, which is forecast to negatively affect revenue in the second half by around $10.5 million.

As for profitability, adjusted net income should hit $4.84 to $4.93 per share.

On average, analysts estimate SPS' annual revenue at over $795 million and adjusted per-share net income at $4.74.

Retail stores and their suppliers are crucial components of SPS' ecosystem. Since they're experiencing volatility, the services SPS provides will likely move up the priority ladder. The company, with its strong recurring revenue base and high-margin business model, should continue to do well, and I'd be bullish on its future.

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

SPS Commerce, Inc. (SPSC) Q2 2026 Earnings Call July 30, 2026 4:30 PM EDT

Company Participants

Chad Collins - CEO & Director
Joseph Del Preto - Executive VP & CFO

Conference Call Participants

Irmina Blaszczyk - The Blueshirt Group, LLC
Scott Berg - Needham & Company, LLC, Research Division
Jackson Bogli - William Blair & Company L.L.C., Research Division
Christopher Quintero - Morgan Stanley, Research Division
George Michael Kurosawa - Citigroup Inc., Research Division
J. Lane - Stifel, Nicolaus & Company, Incorporated, Research Division
Matthew VanVliet - Cantor Fitzgerald & Co., Research Division
Mark Schappel - Loop Capital Markets LLC, Research Division
Daniel Hibshman - Craig-Hallum Capital Group LLC, Research Division
Lachlan Brown - Rothschild & Co Redburn, Research Division
Nehal Chokshi - Northland Capital Markets, Research Division
Clark Wright - D.A. Davidson & Co., Research Division

Presentation

Operator

Good day, and welcome to the SPS Commerce Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note that this event is being recorded. I would now like to turn the conference over to Irmina Blaszczyk, Investor Relations for SPS Commerce. Please go ahead.

Irmina Blaszczyk
The Blueshirt Group, LLC

Good afternoon, everyone, and thank you for joining us on SPS Commerce Second Quarter 2026 Conference Call. We will make certain statements today, including with respect to our expected financial results, go-to-market strategy, and efforts designed to increase our traction and penetration with retailers and other customers. These statements are forward-looking and involve a number of risks and uncertainties that could cause actual results to differ materially. Please note that these forward-looking statements reflect our opinions only as of the date of this call, and we undertake no obligation to publicly update and revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Please refer to our SEC filings, specifically our Form 10-K as well as our

Second quarter 2026 revenue and Adjusted EBITDA exceed high end of guidance range 
Company provides updated full year 2026 guidance following recently completed divestiture

MINNEAPOLIS, July 30, 2026 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), the leading intelligent supply chain network, today announced financial results for the second quarter ended June 30, 2026.

Financial Highlights

Second Quarter 2026 Financial Highlights

Revenue was $197.8 million in the second quarter of 2026, compared to $187.4 million in the second quarter of 2025, reflecting 6% growth.Recurring revenue grew 6% from the second quarter of 2025.Net income was $6.9 million or $0.19 per diluted share, compared to net income of $19.7 million or $0.52 per diluted share in the second quarter of 2025.Non-GAAP income was $46.4 million or $1.27 per diluted share, compared to non-GAAP income of $38.0 million or $1.00 per diluted share in the second quarter of 2025.Adjusted EBITDA for the second quarter of 2026 increased 19% to $66.6 million compared to the second quarter of 2025.Share repurchases in the second quarter of 2026 totaled $51.2 million. “SPS Commerce is executing its growth and innovation roadmap. MAX, our agentic capabilities embedded within SPS' supply chain network, has already delivered tangible value to beta users, equating to hundreds of thousands of dollars in savings to individual customers in just a matter of three months. We are excited about MAX’s launch to all SPS Fulfillment customers later this summer,” said Chad Collins, CEO of SPS Commerce. “No other company can match the unique combination of AI capabilities, 25 years of proprietary data, deep domain expertise, and expansive network access to drive this kind of tangible value, collaboration, and operational efficiencies that SPS offers today.”

“Solid second-quarter performance reflects up-sell and cross-sell momentum across our core business,” said Joe Del Preto, CFO of SPS Commerce. “We continue to demonstrate operational rigor, exceeding our margin expansion goals while simultaneously rolling out our AI strategy across the SPS network.” 

Guidance

As a result of the divestiture of the 3P Revenue Recovery business on June 30, 2026, guidance factors in a reduction of approximately $10.5 million in revenue to the second half of 2026. The divestiture is expected to be neutral to Adjusted EBITDA in the second half of 2026.

Third Quarter 2026 Guidance

Revenue is expected to be in the range of $196.3 million to $198.3 million.Net income per diluted share is expected to be in the range of $0.72 to $0.76, with fully diluted weighted average shares outstanding of 36.8 million shares.Non-GAAP income per diluted share is expected to be in the range of $1.20 to $1.23.Adjusted EBITDA is expected to be in the range of $67.4 million to $69.4 million.Non-cash, share-based compensation expense is expected to be $16.4 million, depreciation expense is expected to be $5.4 million, and amortization expense is expected to be $8.5 million. Fiscal Year 2026 Guidance

Revenue is expected to be in the range of $788.4 million to $793.4 million, representing 5% to 6% growth over 2025.Net income per diluted share is expected to be in the range of $2.24 to $2.33, with fully diluted weighted average shares outstanding of 36.9 million shares.Non-GAAP income per diluted share is expected to be in the range of $4.84 to $4.93.Adjusted EBITDA is expected to be in the range of $264.6 million to $269.1 million, reflecting an Adjusted EBITDA margin of 34% at the midpoint, an increase of approximately 300 basis points compared to full year 2025.Non-cash, share-based compensation expense is expected to be $69.8 million, depreciation expense is expected to be $23.4 million, and amortization expense is expected to be $35.6 million. The forward-looking measures and the underlying assumptions involve significant known and unknown risks and uncertainties, and actual results may vary materially. The Company does not present a reconciliation of the forward-looking non-GAAP financial measures, including Adjusted EBITDA, Adjusted EBITDA margin, and non-GAAP income per share, to the most directly comparable GAAP financial measures because it is impractical to forecast certain items without unreasonable efforts due to the uncertainty and inherent difficulty of predicting, within a reasonable range, the occurrence and financial impact of and the periods in which such items may be recognized.

Quarterly Conference Call
To access the call, please dial 1-833-816-1382, or outside the U.S. 1-412-317-0475 at least 15 minutes prior to the 3:30 p.m. CT start time. Please ask to join the SPS Commerce Q2 2026 conference call. A live webcast of the call will also be available at http://investors.spscommerce.com under the Events and Presentations menu. The replay will also be available on our website at http://investors.spscommerce.com.

About SPS Commerce
SPS Commerce (NASDAQ: SPSC) is the leading intelligent supply chain network, connecting trading partners around the globe to optimize supply chain operations with all retail partners. Our AI-powered network connects 300,000+ trading relationships worldwide and moves more than 750M transactions and over $650B in gross merchandise value each year. From retailers and brands to manufacturers, distributors, and logistics providers, SPS is trusted by seven of the top ten largest retailers, and over two-thirds of today’s fastest growing brands. Our multi-solution portfolio orchestrates the data, decisions, and relationships that keep the world's supply chains moving forward. With nearly 3,000 employees and global offices, SPS Commerce is headquartered in Minneapolis, Minnesota. For more information, visit spscommerce.com.

SPS COMMERCE, SPS, SPS logo and INFINITE RETAIL POWER are marks of SPS Commerce, Inc. and registered in the U.S. Patent and Trademark Office, along with other SPS marks. Such marks may also be registered or otherwise protected in other countries. 

SPS-F

Use of Non-GAAP Financial Measures

To supplement our condensed consolidated financial statements, we provide investors with Adjusted EBITDA, Adjusted EBITDA Margin, and non-GAAP income per share, all of which are non-GAAP financial measures. We believe that these non-GAAP financial measures provide useful information to our management, Board of Directors, and investors regarding certain financial and business trends relating to our financial condition and results of operations.

Our management uses these non-GAAP financial measures to compare our performance to that of prior periods for trend analyses and planning purposes. Adjusted EBITDA is also used for purposes of determining executive and senior management incentive compensation. We believe these non-GAAP financial measures are useful to an investor as they are widely used in evaluating operating performance. Adjusted EBITDA and Adjusted EBITDA Margin are used to measure operating performance without regard to items such as depreciation and amortization, which can vary depending upon accounting methods and the book value of assets, and to present a meaningful measure of corporate performance exclusive of capital structure and the method by which assets were acquired.

These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP. These non-GAAP financial measures exclude significant expenses and income that are required by GAAP to be recorded in our condensed consolidated financial statements and are subject to inherent limitations. Investors should review the reconciliations of non-GAAP financial measures to the comparable GAAP financial measures that are included in this press release.

Adjusted EBITDA Measures:

Adjusted EBITDA consists of net income adjusted for income tax expense, depreciation and amortization expense, stock-based compensation expense, realized gain from investments and foreign currency transactions, investment income, loss on sale of business, and other adjustments as necessary for a fair presentation. Other adjustments for the three and six months ended June 30, 2026, included the expense impact from disposals of other equipment, remeasurement of an acquired earn-out liability, and one-time divestiture exit and disposal costs. Net income is the most directly comparable GAAP measure of financial performance.

Adjusted EBITDA Margin consists of Adjusted EBITDA divided by revenue. Margin, the comparable GAAP measure of financial performance, consists of net income divided by revenue.

Non-GAAP Income Per Share Measure:

Non-GAAP income per share consists of net income adjusted for stock-based compensation expense, amortization expense related to intangible assets, realized gain from investments and foreign currency transactions, loss on sale of business, and other adjustments as necessary for a fair presentation, including for the three and six months ended June 30, 2026, the expense impact from disposals of other equipment, remeasurement of an acquired earn-out liability, and one-time divestiture exit and disposal costs, and the corresponding tax impacts of the adjustments to net income, divided by the weighted average number of shares of common and diluted stock outstanding during each period. Net income per share, the most directly comparable GAAP measure of financial performance, consists of net income divided by the weighted average number of shares of common and diluted stock outstanding during each period. To quantify the tax effects, we recalculated income tax expense excluding the direct book and tax effects of the specific items constituting the non-GAAP adjustments. The difference between this recalculated income tax expense and GAAP income tax expense is presented as the income tax effect of the non-GAAP adjustments.

Forward-Looking Statements

This press release may contain forward-looking statements, including information about management's view of SPS Commerce's future expectations, plans and prospects, including our views regarding future execution within our business, the opportunity we see in the retail supply chain world and our performance for the third quarter and full year of 2026, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of SPS Commerce to be materially different than those expressed or implied in such statements. Certain of these risk factors and others are included in documents SPS Commerce files with the Securities and Exchange Commission, including but not limited to, SPS Commerce's Annual Report on Form 10-K for the year ended December 31, 2025, as well as subsequent reports filed with the Securities and Exchange Commission. Other unknown or unpredictable factors also could have material adverse effects on SPS Commerce's future results. The forward-looking statements included in this press release are made only as of the date hereof. SPS Commerce cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, SPS Commerce expressly disclaims any intent or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

SPS COMMERCE, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited; In thousands, except shares)  June 30,
2026 December 31,
2025ASSETS   Current assets   Cash and cash equivalents$173,167  $151,355 Accounts receivable 71,681   75,295 Allowance for credit losses (7,994)  (7,129)Accounts receivable, net 63,687   68,166 Deferred costs 64,001   66,693 Other assets 29,541   49,090 Total current assets 330,396   335,304 Property and equipment, net 44,142   43,117 Operating lease right-of-use assets 4,985   5,025 Goodwill 539,411   541,719 Intangible assets, net 172,446   215,815 Other assets   Deferred costs, non-current 20,296   20,719 Deferred income tax assets 514   493 Other assets, non-current 13,239   7,667 Total assets$1,125,429  $1,169,859 LIABILITIES AND STOCKHOLDERS’ EQUITY   Current liabilities   Accounts payable$9,484  $13,757 Accrued compensation 39,470   47,577 Accrued expenses 14,901   13,074 Deferred revenue 80,867   75,590 Operating lease liabilities 1,540   4,353 Total current liabilities 146,262   154,351 Other liabilities   Deferred revenue, non-current 4,720   5,288 Operating lease liabilities, non-current 4,766   2,839 Deferred income tax liabilities 30,928   33,201 Other liabilities, non-current 271   287 Total liabilities 186,947   195,966 Commitments and contingencies   Stockholders' equity   Common stock 40   40 Treasury stock (276,922)  (177,949)Additional paid-in capital 763,354   722,737 Retained earnings 456,031   429,438 Accumulated other comprehensive loss (4,021)  (373)Total stockholders’ equity 938,482   973,893 Total liabilities and stockholders’ equity$1,125,429  $1,169,859  SPS COMMERCE, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited; in thousands, except per share amounts)  Three Months Ended
June 30, Six Months Ended
June 30, 2026
 2025
 2026
 2025
Revenues$197,815 $187,400 $389,936 $368,949Cost of revenues 59,028  59,826  118,245  116,740Gross profit 138,787  127,574  271,691  252,209Operating expenses       Sales and marketing 43,936  43,434  88,670  85,068Research and development 16,957  17,271  34,874  34,710General and administrative 36,646  30,890  73,020  61,908Amortization of intangible assets 9,381  9,509  18,701  18,097Loss on sale of business 23,454  —  23,454  —Total operating expenses 130,374  101,104  238,719  199,783Income from operations 8,413  26,470  32,972  52,426Other income, net 1,997  773  3,402  2,980Income before income taxes 10,410  27,243  36,374  55,406Income tax expense 3,546  7,510  9,781  13,477Net income$6,864 $19,733 $26,593 $41,929        Net income per share       Basic$0.19 $0.52 $0.72 $1.10Diluted$0.19 $0.52 $0.72 $1.10        Weighted average common shares used to compute net income per share       Basic 36,533  37,965  36,953  37,978Diluted 36,577  38,099  37,026  38,132         SPS COMMERCE, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited; in thousands)
  Six Months Ended
June 30, 2026
 2025
Cash flows from operating activities   Net income$26,593  $41,929 Reconciliation of net income to net cash provided by operating activities   Deferred income taxes (4,412)  (5,914)Depreciation and amortization of property and equipment 11,984   9,948 Amortization of intangible assets 18,701   18,097 Provision for credit losses 4,621   4,111 Stock-based compensation 36,769   28,865 Loss on sale of business 23,454   — Other, net (1,445)  274 Changes in assets and liabilities, net of effects of acquisitions   Accounts receivable (2,139)  (13,713)Deferred costs 2,797   (412)Other assets and liabilities 11,871   (2,258)Accounts payable (3,236)  2,082 Accrued compensation (9,551)  (11,006)Accrued expenses 1,419   (1,833)Deferred revenue 5,087   3,012 Operating leases (854)  (876)Net cash provided by operating activities 121,659   72,306 Cash flows from investing activities   Purchases of property and equipment (15,738)  (12,815)Proceeds from sale, net 8,768   — Acquisition of business, net —   (142,628)Net cash used in investing activities (6,970)  (155,443)Cash flows from financing activities   Repurchases of common stock (98,358)  (59,558)Net proceeds from exercise of options to purchase common stock 866   2,406 Net proceeds from employee stock purchase plan activity 4,321   5,426 Net cash used in financing activities (93,171)  (51,726)Effect of foreign currency exchange rate changes 294   1,449 Net increase (decrease) in cash and cash equivalents 21,812   (133,414)Cash and cash equivalents at beginning of period 151,355   241,017 Cash and cash equivalents at end of period$173,167  $107,603  SPS COMMERCE, INC.
NON-GAAP RECONCILIATIONS
(Unaudited; in thousands, except Margin, Adjusted EBITDA Margin, and per share amounts)
 Adjusted EBITDA  Three Months Ended
June 30, Six Months Ended
June 30, 2026
 2025
 2026
 2025
Net income$6,864  $19,733  $26,593  $41,929 Income tax expense 3,546   7,510   9,781   13,477 Depreciation and amortization of property and equipment 6,150   4,991   11,984   9,948 Amortization of intangible assets 9,381   9,509   18,701   18,097 Stock-based compensation expense 18,696   14,998   36,769   28,865 Realized gain from investments and foreign currency transactions (402)  (107)  (522)  (473)Investment income (1,211)  (688)  (2,362)  (2,537)Loss on sale of business 23,454   —   23,454   — Other 154   106   165   1,119 Adjusted EBITDA$66,632  $56,052  $124,563  $110,425  Adjusted EBITDA Margin
  Three Months Ended
June 30, Six Months Ended
June 30, 2026
 2025
 2026
 2025
Revenue$197,815  $187,400  $389,936  $368,949         Net income 6,864   19,733   26,593   41,929 Margin 3%  11%  7%  11%        Adjusted EBITDA 66,632   56,052   124,563   110,425 Adjusted EBITDA Margin 34%  30%  32%  30% Non-GAAP Income per Share  Three Months Ended
June 30, Six Months Ended
June 30, 2026
 2025
 2026
 2025
Net income$6,864  $19,733  $26,593  $41,929 Stock-based compensation expense 18,696   14,998   36,769   28,865 Amortization of intangible assets 9,381   9,509   18,701   18,097 Realized gain from investments and foreign currency transactions (402)  (107)  (522)  (473)Loss on sale of business 23,454   —   23,454   — Other 154   106   165   1,119 Income tax effects of adjustments (11,770)  (6,285)  (17,649)  (13,570)Non-GAAP income$46,377  $37,954  $87,511  $75,967         Shares used to compute net income and non-GAAP income per share       Basic 36,533   37,965   36,953   37,978 Diluted 36,577   38,099   37,026   38,132         Net income per share, basic$0.19  $0.52  $0.72  $1.10 Non-GAAP adjustments to net income per share, basic 1.08   0.48   1.65   0.90 Non-GAAP income per share, basic$1.27  $1.00  $2.37  $2.00         Net income per share, diluted$0.19  $0.52  $0.72  $1.10 Non-GAAP adjustments to net income per share, diluted 1.08   0.48   1.65   0.89 Non-GAAP income per share, diluted$1.27  $1.00  $2.36  $1.99 
The annual per share amounts may not cross-sum due to rounding.

Contact:
Investor Relations
The Blueshirt Group
Irmina Blaszczyk
[email protected]

July 16, 2026 16:05 ET  | Source: SPS Commerce, Inc.

MINNEAPOLIS, July 16, 2026 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), the leading intelligent supply chain network, today announced that it will issue its financial results for the second quarter ended June 30, 2026, after the market close on Thursday, July 30, 2026. SPS Commerce will host a call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day.

To access the call, please dial 1-833-816-1382, or outside the U.S. 1-412-317-0475 at least 15 minutes prior to the 3:30 p.m. CT start time. Please ask to join the SPS Commerce conference call. A live webcast of the call will be available at http://investors.spscommerce.com under the Events and Presentations menu. The replay will also be available on our website at https://investors.spscommerce.com/events.

About SPS Commerce

SPS Commerce is the leading intelligent supply chain network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. We support data-driven partnerships with innovative cloud technology, customer-obsessed service, and accessible experts so our customers can focus on what they do best. SPS is headquartered in Minneapolis. For additional information, contact SPS at 866-245-8100 or visit www.spscommerce.com.

SPS COMMERCE, SPS, SPS logo and INFINITE RETAIL POWER are marks of SPS Commerce, Inc. and registered in the U.S. Patent and Trademark Office, along with other SPS marks. Such marks may also be registered or otherwise protected in other countries.

Contact:
Investor Relations
The Blueshirt Group
Irmina Blaszczyk
[email protected]

SPS-F

SPS Commerce (SPSC) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

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Nordea Investment Management AB trimmed its stake in SPS Commerce, Inc. (NASDAQ: SPSC) by 5.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,216,642 shares of the software maker's stock after selling 75,414 shares during the quarter. Nordea Investment Management AB owned approximately 3.23% of

Posted by Defense World Staff on Apr 6th, 2026

Allspring Global Investments Holdings LLC boosted its position in SPS Commerce, Inc. (NASDAQ:SPSC – Free Report) by 13.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,950 shares of the software maker’s stock after purchasing an additional 12,506 shares during the period. Allspring Global Investments Holdings LLC owned 0.28% of SPS Commerce worth $9,314,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. raised its holdings in SPS Commerce by 39.9% in the 1st quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock valued at $52,000 after buying an additional 112 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in SPS Commerce by 4.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 3,087 shares of the software maker’s stock worth $321,000 after acquiring an additional 120 shares during the last quarter. Park Place Capital Corp grew its holdings in SPS Commerce by 29.7% during the 4th quarter. Park Place Capital Corp now owns 564 shares of the software maker’s stock worth $50,000 after acquiring an additional 129 shares during the last quarter. Arizona State Retirement System raised its stake in shares of SPS Commerce by 1.3% during the third quarter. Arizona State Retirement System now owns 11,226 shares of the software maker’s stock valued at $1,169,000 after acquiring an additional 140 shares during the last quarter. Finally, Inspire Advisors LLC raised its stake in shares of SPS Commerce by 3.2% during the third quarter. Inspire Advisors LLC now owns 4,795 shares of the software maker’s stock valued at $499,000 after acquiring an additional 149 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors.

Insiders Place Their Bets In other news, EVP Jamie Thingelstad sold 2,418 shares of SPS Commerce stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $54.94, for a total value of $132,844.92. Following the completion of the sale, the executive vice president owned 56,344 shares in the company, valued at $3,095,539.36. The trade was a 4.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Chadwick Collins sold 13,384 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $58.66, for a total transaction of $785,105.44. Following the transaction, the chief executive officer owned 72,241 shares in the company, valued at $4,237,657.06. The trade was a 15.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 24,834 shares of company stock valued at $1,527,223 over the last 90 days. 0.98% of the stock is currently owned by corporate insiders.

SPS Commerce Stock Performance SPSC stock opened at $56.08 on Monday. The firm has a market cap of $2.10 billion, a PE ratio of 22.89 and a beta of 0.62. The stock has a 50-day moving average price of $65.04 and a 200-day moving average price of $83.62. SPS Commerce, Inc. has a 1-year low of $52.56 and a 1-year high of $153.16.

SPS Commerce (NASDAQ:SPSC – Get Free Report) last announced its earnings results on Thursday, February 12th. The software maker reported $1.14 EPS for the quarter, beating the consensus estimate of $1.00 by $0.14. The company had revenue of $192.65 million for the quarter, compared to analyst estimates of $193.60 million. SPS Commerce had a return on equity of 12.73% and a net margin of 12.42%.The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 EPS. SPS Commerce has set its FY 2026 guidance at 4.420-4.500 EPS and its Q1 2026 guidance at 0.950-0.990 EPS. On average, analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Wall Street Analyst Weigh In A number of analysts recently weighed in on SPSC shares. Cantor Fitzgerald set a $70.00 price objective on SPS Commerce in a report on Friday, February 13th. Citigroup reaffirmed a “buy” rating and set a $84.00 target price (down from $110.00) on shares of SPS Commerce in a report on Friday, February 13th. Robert W. Baird set a $86.00 price target on SPS Commerce in a research report on Friday, February 13th. Morgan Stanley set a $95.00 price target on SPS Commerce in a research note on Friday, February 13th. Finally, DA Davidson lowered their price objective on SPS Commerce from $80.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $87.40.

Get Our Latest Stock Analysis on SPSC

SPS Commerce Company Profile (Free Report)

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.

Recommended Stories Five stocks we like better than SPS Commerce Want to see what other hedge funds are holding SPSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPS Commerce, Inc. (NASDAQ:SPSC – Free Report).

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On April 24, 2026, Conestoga Capital Advisors, LLC disclosed a major sale of SPS Commerce (SPSC 1.03%) shares, reducing its stake by 634,534 shares in a transaction estimated at $45.72 million based on the quarterly average price.

What happenedAccording to an SEC filing dated April 24, 2026, Conestoga Capital Advisors, LLC sold 634,534 shares of SPS Commerce, with an estimated transaction value of $45.72 million based on average closing prices during the quarter. The quarter-end valuation of the SPS Commerce stake decreased by $56.83 million, reflecting both the share sale and price movements during the period.

What else to knowThis transaction reduced SPS Commerce’s share of 13F AUM to approximately 0.01% as of March 31, 2026.

Top holdings after the filing:

RBC: $233.17 million (4.7% of AUM)CWST: $222.51 million (4.4% of AUM)BCPC: $212.05 million (4.2% of AUM)FSV: $195.29 million (3.9% of AUM)ROAD: $183.80 million (3.7% of AUM)As of April 23, 2026, shares were priced at $53.32, down 59.8% over the past year and have underperformed the S&P 500 by 92.0 percentage points.

The fund reported 113 positions and $5.01 billion in U.S. equity AUM at the end of the first quarter (the three months ending on March 31, 2026).

Company overviewMetricValuePrice (as of market close April 23, 2026)$53.32Market capitalization$2.04 billionRevenue (TTM)$751.50 millionNet income (TTM)$93.34 millionCompany snapshotProvides cloud-based supply chain management solutions, including fulfillment automation, analytics, and vendor onboarding productsOperates a recurring revenue model by delivering SaaS-based services that automate and optimize supply chain processes for trading partnersServes retailers, suppliers, grocers, distributors, and logistics firms seeking to enhance order management and supply chain visibilitySPS Commerce is a leading provider of cloud-based supply chain management software, supporting over 2,700 employees and a global customer base. The company leverages its SaaS platform to automate and streamline omnichannel order fulfillment and trading partner communications. Its solutions help businesses improve operational efficiency and compliance, positioning SPS Commerce as a key technology partner in the evolving retail and distribution landscape.

What this transaction means for investorsConestoga Capital Advisors, an independent investment management firm based in Pennsylvania, recently disclosed the sale of approximately $45.7 million worth of SPS Commerce (SPSC) stock during the first quarter (the three months ending on March 31, 2026). Here are some key takeaways for investors.

SPSC stock has suffered over the last 18 months. During that time, shares have declined by about 71%, registering a compound annual growth rate (CAGR) of -56%. Clearly, the stock has gotten caught up in the market-wide software stock sell-off.

At any rate, SPSC continues to deliver revenue growth. Its top line has increased from $492 in 12-month revenue in 2023 to around $750 today, reflecting solid growth. In addition, the company is investing in an agentic artificial intelligence (AI) platform.

Turning to valuation, the stock has a price-to-sales (P/S) ratio of 2.8x. That’s the lowest in more than a decade and near an all-time low of 2.4x registered way back in 2010.

In summary, investors willing to value-shop in the software stock sector may want to consider SPSC given its newfound affordability and resilient revenue growth.

SPS Commerce (SPSC - Free Report) came out with quarterly earnings of $1.1 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $1 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +13.64%. A quarter ago, it was expected that this provider of supply chain software services to businesses would post earnings of $1 per share when it actually produced earnings of $1.14, delivering a surprise of +14%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

SPS Commerce, which belongs to the Zacks Business - Services industry, posted revenues of $192.12 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.11%. This compares to year-ago revenues of $181.55 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

SPS Commerce shares have lost about 38.1% since the beginning of the year versus the S&P 500's gain of 4.2%.

What's Next for SPS Commerce?While SPS Commerce has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for SPS Commerce was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.11 on $198.41 million in revenues for the coming quarter and $4.47 on $801.91 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Business - Services is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, UL Solutions Inc. (ULS - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 5.

This company is expected to post quarterly earnings of $0.42 per share in its upcoming report, which represents a year-over-year change of +13.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

UL Solutions Inc.'s revenues are expected to be $746.85 million, up 5.9% from the year-ago quarter.

The mean of analysts' price targets for SPS Commerce (SPSC) points to a 27.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

May 26, 2026 16:07 ET  | Source: SPS Commerce, Inc.

MINNEAPOLIS, May 26, 2026 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), the leading intelligent supply chain network, today announced that management will present at the William Blair 46th Annual Growth Stock Conference on Tuesday, June 2, 2026, at 8:40 AM C.T.

A webcast of the presentation will be available on the company’s investor relations website at http://investors.spscommerce.com/events.

About SPS Commerce

SPS Commerce is the leading intelligent supply chain network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. We support data-driven partnerships with innovative cloud technology, customer-obsessed service, and accessible experts so our customers can focus on what they do best. Over 50,000 recurring revenue customers in retail, grocery, distribution, supply, manufacturing, and logistics are using SPS as their retail network. SPS is headquartered in Minneapolis. For additional information, contact SPS at 866-245-8100 or visit www.spscommerce.com.

SPS COMMERCE, SPS, SPS logo and INFINITE RETAIL POWER are marks of SPS Commerce, Inc. and registered in the U.S. Patent and Trademark Office, along with other SPS marks. Such marks may also be registered or otherwise protected in other countries. 

Contact:
Investor Relations
The Blueshirt Group
Irmina Blaszczyk
[email protected]

SPS-F