Symbols / SPSC Stock $57.34 -3.86% SPS Commerce, Inc.

Technology • Software - Application • United States • NMS
SPSC (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Software - Application
CEO Mr. Chadwick Collins
Exch · Country NMS · United States
Market Cap 2.11B
Enterprise Value 2.04B
Income 90.87M
Sales 762.08M
FCF (ttm) 151.57M
Book/sh 26.04
Cash/sh 4.20
Employees 2,948
Insider 10d —
IPO Apr 22, 2010
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 23.79
Forward P/E 10.97
PEG 4.55
P/S 2.76
P/B 2.20
P/C —
EV/EBITDA 11.55
EV/Sales 2.68
Quick Ratio 1.42
Current Ratio 2.12
Debt/Eq 0.69
LT Debt/Eq —
EPS (ttm) 2.41
EPS next Y 5.22
EPS Growth -9.00%
Revenue Growth 5.80%
EPS Gr Q/Q -11.10%
Rev Gr Q/Q —
Earnings (next) 2026-04-30
Earnings (prior) 2026-04-30
ROA 6.44%
ROE 9.65%
ROIC —
Gross Margin 69.30%
Oper. Margin 12.78%
Profit Margin 11.92%
Shs Outstand 36.71M
Shs Float 36.22M
Insider Own 0.94%
Instit Own 110.71%
Short Float 8.92%
Short Ratio 5.22
Short Interest 2.76M
52W High 147.61
vs 52W High -61.15%
52W Low 49.04
vs 52W Low 16.92%
Beta 0.58
Impl. Vol. 55.37%
Rel Volume 0.42
Avg Volume 624.94K
Volume 263.98K
Target (mean) $68.09
Tgt Median $60.00
Tgt Low $55.00
Tgt High $103.00
# Analysts 11
Recom None
Prev Close $59.64
Price $57.34
Change -3.86%
About

SPS Commerce, Inc. provides cloud-based supply chain management solutions in the United States. It offers solutions through SPS Commerce, a cloud-based platform that connects retailers, brands, distributors, manufacturers, and logistics providers, handling the complexity of modern commerce operations. The company also provides Fulfillment, a comprehensive solution designed to streamline supply chain operation that sends and receives order data, ensuring accurate execution of required processes from order to invoicing and revenue recovery through fully automated operations; and Analytics product that simplifies managing sell-through data from customers business partners that handle data acquisition, cleansing, normalization, and delivery. In addition, it offers various complimentary products, such as assortment product, which simplifies the communication of robust, accurate item data by automatically translating item attributes, and hierarchies through single connection across all sales channels; and relationship management product that allows organizations to accelerate digitization of their supply chain and improve collaboration with suppliers through change management, onboarding programs, and supplier score carding. The company was formerly known as St. Paul Software, Inc. and changed its name to SPS Commerce, Inc. in May 2001. SPS Commerce, Inc. was incorporated in 1987 and is headquartered in Minneapolis, Minnesota.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$68.09
Mean price target
2. Current target
$57.34
Latest analyst target
3. DCF / Fair value
$74.31
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$57.34
Low
$55.00
High
$103.00
Mean
$68.09

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-04 main Citigroup Buy → Buy $76
2026-05-01 main DA Davidson Neutral → Neutral $55
2026-05-01 main Cantor Fitzgerald Neutral → Neutral $60
2026-05-01 main Needham Buy → Buy $75
2026-04-16 down Rothschild & Co Buy → Neutral $60
2026-02-17 main DA Davidson Neutral → Neutral $65
2026-02-13 main Citigroup Buy → Buy $84
2026-02-13 main Stifel Hold → Hold $65
2025-11-11 down Morgan Stanley Overweight → Equal-Weight $100
2025-10-31 main Citigroup Buy → Buy $110
2025-10-31 main DA Davidson Neutral → Neutral $80
2025-10-31 down Cantor Fitzgerald Overweight → Neutral $80
2025-10-31 down Stifel Buy → Hold $80
2025-10-31 main Needham Buy → Buy $110
2025-10-14 main Morgan Stanley Overweight → Overweight $140
2025-09-25 main DA Davidson Neutral → Neutral $125
2025-09-24 main Cantor Fitzgerald Overweight → Overweight $135
2025-09-24 reit Needham Buy → Buy $160
2025-07-31 down Loop Capital Buy → Hold $120
2025-07-31 main Stifel Buy → Buy $165
News
RSS: Latest SPSC news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-08 THINGELSTAD JAMIE J Chief Technology Officer — 39,433 $0.00 $0
2026-05-07 DEL PRETO JOSEPH M II Chief Financial Officer — 141,707 $0.00 $0
2026-05-07 REAUME MARTY M Director — 1,000 $51.80 $51,800
2026-05-07 REAUME MARTY M Director — 1,000 $57.03 $57,030
2026-04-07 REAUME MARTY M Director — 1,000 $51.80 $51,800
2026-04-07 REAUME MARTY M Director — 1,000 $57.90 $57,900
2026-03-13 RELLER TAMI L Director — 5,732 $51.80 $296,918
2026-03-09 REAUME MARTY M Director — 1,000 $51.80 $51,800
2026-03-09 REAUME MARTY M Director — 1,000 $62.73 $62,730
2026-02-24 THINGELSTAD JAMIE J Chief Technology Officer — 2,418 $54.80 $132,852
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
751.50
+17.83%
637.76
+18.78%
536.91
+19.08%
450.88
Operating Revenue
751.50
+17.83%
637.76
+18.78%
536.91
+19.08%
450.88
Cost Of Revenue
231.63
+9.93%
210.71
+15.73%
182.07
+18.95%
153.06
Reconciled Cost Of Revenue
210.54
+9.66%
191.99
+17.47%
163.44
+19.61%
136.64
Gross Profit
519.88
+21.74%
427.05
+20.35%
354.84
+19.15%
297.81
Operating Expense
401.57
+18.75%
338.17
+21.82%
277.59
+22.49%
226.63
Research And Development
68.68
+9.35%
62.81
+17.06%
53.65
+17.28%
45.75
Selling General And Administration
295.72
+17.42%
251.85
+21.18%
207.82
+22.89%
169.11
Selling And Marketing Expense
169.13
+13.57%
148.92
+21.14%
122.94
+20.80%
101.77
General And Administrative Expense
126.59
+22.99%
102.93
+21.25%
84.89
+26.06%
67.34
Other Gand A
126.59
+22.99%
102.93
+21.25%
84.89
+26.06%
67.34
Total Expenses
633.20
+15.36%
548.88
+19.41%
459.66
+21.06%
379.69
Operating Income
118.30
+33.10%
88.88
+15.06%
77.25
+8.52%
71.18
Total Operating Income As Reported
118.30
+33.10%
88.88
+15.06%
77.25
+8.52%
71.18
EBITDA
176.56
+34.66%
131.11
+17.07%
112.00
+12.70%
99.37
Normalized EBITDA
171.52
+42.44%
120.42
+17.36%
102.61
+3.93%
98.73
Reconciled Depreciation
58.26
+37.95%
42.23
+21.54%
34.75
+23.26%
28.19
EBIT
118.30
+33.10%
88.88
+15.06%
77.25
+8.52%
71.18
Total Unusual Items
5.04
-52.91%
10.70
+13.97%
9.39
+1357.45%
0.64
Total Unusual Items Excluding Goodwill
5.04
-52.91%
10.70
+13.97%
9.39
+1357.45%
0.64
Special Income Charges
—
—
—
0.00
Restructuring And Mergern Acquisition
—
—
—
0.00
Net Income
93.34
+21.13%
77.05
+17.06%
65.82
+19.39%
55.13
Pretax Income
123.83
+24.49%
99.48
+16.26%
85.56
+19.96%
71.32
Other Income Expense
5.53
-47.78%
10.59
+27.40%
8.31
+5755.63%
0.14
Other Non Operating Income Expenses
0.49
+575.96%
-0.10
+90.29%
-1.07
-113.35%
-0.50
Gain On Sale Of Security
5.04
-52.91%
10.70
+13.97%
9.39
+1357.45%
0.64
Tax Provision
30.50
+36.01%
22.42
+13.59%
19.74
+21.92%
16.19
Tax Rate For Calcs
0.00
+9.33%
0.00
-2.60%
0.00
+1.76%
0.00
Tax Effect Of Unusual Items
1.24
-48.52%
2.41
+11.01%
2.17
+1383.14%
0.15
Net Income Including Noncontrolling Interests
93.34
+21.13%
77.05
+17.06%
65.82
+19.39%
55.13
Net Income From Continuing Operation Net Minority Interest
93.34
+21.13%
77.05
+17.06%
65.82
+19.39%
55.13
Net Income From Continuing And Discontinued Operation
93.34
+21.13%
77.05
+17.06%
65.82
+19.39%
55.13
Net Income Continuous Operations
93.34
+21.13%
77.05
+17.06%
65.82
+19.39%
55.13
Normalized Income
89.54
+30.22%
68.76
+17.33%
58.61
+7.27%
54.64
Net Income Common Stockholders
93.34
+21.13%
77.05
+17.06%
65.82
+19.39%
55.13
Diluted EPS
2.46
+20.59%
2.04
+15.91%
1.76
+18.12%
1.49
Basic EPS
2.46
+18.84%
2.07
+15.00%
1.80
+17.65%
1.53
Basic Average Shares
37.88
+1.54%
37.31
+1.80%
36.65
+1.46%
36.12
Diluted Average Shares
37.99
+0.36%
37.86
+1.02%
37.48
+1.41%
36.95
Diluted NI Availto Com Stockholders
93.34
+21.13%
77.05
+17.06%
65.82
+19.39%
55.13
Amortization
37.17
+58.10%
23.51
+45.88%
16.12
+36.95%
11.77
Amortization Of Intangibles Income Statement
37.17
+58.10%
23.51
+45.88%
16.12
+36.95%
11.77
Depreciation Amortization Depletion Income Statement
37.17
+58.10%
23.51
+45.88%
16.12
+36.95%
11.77
Depreciation And Amortization In Income Statement
37.17
+58.10%
23.51
+45.88%
16.12
+36.95%
11.77
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
1,169.86
+13.44%
1,031.23
+25.17%
823.84
+22.43%
672.91
Current Assets
335.30
-12.20%
381.91
-4.87%
401.44
+24.36%
322.81
Cash Cash Equivalents And Short Term Investments
151.35
-37.20%
241.02
-12.50%
275.44
+28.53%
214.31
Cash And Cash Equivalents
151.35
-37.20%
241.02
+10.01%
219.08
+34.49%
162.89
Other Short Term Investments
—
0.00
-100.00%
56.36
+9.62%
51.41
Receivables
68.17
+31.00%
52.03
+11.09%
46.84
+18.78%
39.44
Accounts Receivable
68.17
+31.00%
52.03
+11.09%
46.84
+18.78%
39.44
Gross Accounts Receivable
75.30
+33.94%
56.21
+12.07%
50.16
+18.02%
42.50
Allowance For Doubtful Accounts Receivable
-7.13
-70.59%
-4.18
-25.87%
-3.32
-8.28%
-3.07
Current Deferred Assets
66.69
+2.07%
65.34
+4.71%
62.40
+18.29%
52.76
Other Current Assets
49.09
+108.78%
23.51
+40.31%
16.76
+2.69%
16.32
Total Non Current Assets
834.55
+28.53%
649.32
+53.72%
422.40
+20.65%
350.10
Net PPE
48.14
+5.25%
45.74
+4.18%
43.91
-1.62%
44.63
Gross PPE
149.55
+12.03%
133.49
+3.47%
129.01
+10.28%
116.99
Accumulated Depreciation
-101.41
-15.56%
-87.75
-3.11%
-85.11
-17.62%
-72.36
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
129.48
+17.39%
110.30
+4.29%
105.76
+15.86%
91.28
Other Properties
5.03
-38.66%
8.19
+4.20%
7.86
-14.26%
9.17
Leases
15.04
+0.30%
15.00
-2.52%
15.39
-6.92%
16.53
Goodwill And Other Intangible Assets
757.53
+30.50%
580.47
+62.82%
356.52
+24.82%
285.64
Goodwill
541.72
+35.71%
399.18
+60.20%
249.18
+26.30%
197.28
Other Intangible Assets
215.81
+19.04%
181.29
+68.89%
107.34
+21.50%
88.35
Non Current Deferred Assets
21.21
+0.64%
21.08
+1.08%
20.85
+18.13%
17.65
Non Current Deferred Taxes Assets
0.49
-2.38%
0.51
+0.00%
0.51
+122.47%
0.23
Other Non Current Assets
7.67
+277.13%
2.03
+80.55%
1.13
-48.47%
2.19
Total Liabilities Net Minority Interest
195.97
+11.00%
176.54
+12.90%
156.37
+15.11%
135.84
Current Liabilities
154.35
+5.23%
146.68
+12.26%
130.67
+18.10%
110.64
Payables And Accrued Expenses
26.83
+29.71%
20.68
+34.02%
15.43
-17.50%
18.71
Payables
13.76
+60.39%
8.58
+15.59%
7.42
-34.08%
11.26
Accounts Payable
13.76
+60.39%
8.58
+15.59%
7.42
-34.08%
11.26
Current Accrued Expenses
13.07
+7.98%
12.11
+51.09%
8.01
+7.56%
7.45
Pensionand Other Post Retirement Benefit Plans Current
47.58
+0.88%
47.16
+13.40%
41.59
+37.55%
30.23
Current Debt And Capital Lease Obligation
4.35
-5.02%
4.58
+2.76%
4.46
+4.28%
4.28
Current Capital Lease Obligation
4.35
-5.02%
4.58
+2.76%
4.46
+4.28%
4.28
Current Deferred Liabilities
75.59
+1.80%
74.26
+7.33%
69.19
+20.49%
57.42
Current Deferred Revenue
75.59
+1.80%
74.26
+7.33%
69.19
+20.49%
57.42
Total Non Current Liabilities Net Minority Interest
41.62
+39.39%
29.86
+16.17%
25.70
+1.99%
25.20
Long Term Debt And Capital Lease Obligation
2.84
-63.99%
7.88
-17.60%
9.57
-26.44%
13.01
Long Term Capital Lease Obligation
2.84
-63.99%
7.88
-17.60%
9.57
-26.44%
13.01
Non Current Deferred Liabilities
38.49
+77.12%
21.73
+36.65%
15.90
+30.45%
12.19
Non Current Deferred Revenue
5.29
-14.56%
6.19
-10.69%
6.93
+45.25%
4.77
Non Current Deferred Taxes Liabilities
33.20
+113.63%
15.54
+73.22%
8.97
+20.93%
7.42
Other Non Current Liabilities
0.29
+19.09%
0.24
+5.24%
0.23
—
Stockholders Equity
973.89
+13.95%
854.69
+28.05%
667.48
+24.28%
537.07
Common Stock Equity
973.89
+13.95%
854.69
+28.05%
667.48
+24.28%
537.07
Capital Stock
0.04
+0.00%
0.04
+2.56%
0.04
+2.63%
0.04
Common Stock
0.04
+0.00%
0.04
+2.56%
0.04
+2.63%
0.04
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
40.05
+1.16%
39.59
+1.59%
38.97
+1.73%
38.31
Ordinary Shares Number
37.52
-0.38%
37.66
+2.28%
36.82
+1.83%
36.16
Treasury Shares Number
2.53
+31.22%
1.93
-10.33%
2.15
+0.00%
2.15
Additional Paid In Capital
722.74
+15.09%
627.98
+16.93%
537.06
+12.80%
476.12
Retained Earnings
429.44
+27.77%
336.10
+29.75%
259.05
+34.07%
193.22
Gains Losses Not Affecting Retained Earnings
-0.37
+96.15%
-9.68
-4461.71%
0.22
+106.51%
-3.41
Treasury Stock
177.95
+78.40%
99.75
-22.61%
128.89
+0.00%
128.89
Other Equity Adjustments
-0.37
+96.15%
-9.68
-4461.71%
0.22
+106.51%
-3.41
Total Equity Gross Minority Interest
973.89
+13.95%
854.69
+28.05%
667.48
+24.28%
537.07
Total Capitalization
973.89
+13.95%
854.69
+28.05%
667.48
+24.28%
537.07
Working Capital
180.95
-23.07%
235.22
-13.13%
270.77
+27.62%
212.17
Invested Capital
973.89
+13.95%
854.69
+28.05%
667.48
+24.28%
537.07
Total Debt
7.19
-42.32%
12.47
-11.13%
14.03
-18.84%
17.29
Capital Lease Obligations
7.19
-42.32%
12.47
-11.13%
14.03
-18.84%
17.29
Net Tangible Assets
216.36
-21.10%
274.22
-11.81%
310.95
+23.67%
251.44
Tangible Book Value
216.36
-21.10%
274.22
-11.81%
310.95
+23.67%
251.44
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
178.79
+13.59%
157.40
+18.97%
132.30
+32.23%
100.05
Cash Flow From Continuing Operating Activities
178.79
+13.59%
157.40
+18.97%
132.30
+32.23%
100.05
Net Income From Continuing Operations
93.34
+21.13%
77.05
+17.06%
65.82
+19.39%
55.13
Depreciation Amortization Depletion
58.26
+37.95%
42.23
+21.54%
34.75
+23.26%
28.19
Depreciation
21.09
+12.65%
18.72
+0.48%
18.63
+13.46%
16.42
Amortization Cash Flow
37.17
+58.10%
23.51
+45.88%
16.12
+36.95%
11.77
Depreciation And Amortization
58.26
+37.95%
42.23
+21.54%
34.75
+23.26%
28.19
Amortization Of Intangibles
37.17
+58.10%
23.51
+45.88%
16.12
+36.95%
11.77
Other Non Cash Items
-1.09
-288.39%
0.58
-76.11%
2.42
+997.73%
0.22
Stock Based Compensation
53.73
-1.52%
54.56
+19.88%
45.51
+36.26%
33.40
Provisionand Write Offof Assets
9.92
+29.09%
7.68
+34.62%
5.71
+69.90%
3.36
Deferred Tax
18.91
+293.23%
-9.79
+2.91%
-10.08
-170.07%
-3.73
Deferred Income Tax
18.91
+293.23%
-9.79
+2.91%
-10.08
-170.07%
-3.73
Change In Working Capital
-54.27
-263.82%
-14.92
-26.17%
-11.82
+28.41%
-16.52
Change In Receivables
-20.30
-110.27%
-9.65
+19.21%
-11.95
-85.69%
-6.43
Changes In Account Receivables
-20.30
-110.27%
-9.65
+19.21%
-11.95
-85.69%
-6.43
Change In Payables And Accrued Expense
-2.57
-140.57%
6.34
+41.06%
4.50
+169.51%
-6.47
Change In Accrued Expense
-7.29
-231.36%
5.55
-34.29%
8.45
+227.66%
-6.62
Change In Payable
4.71
+492.34%
0.80
+120.17%
-3.95
-2840.97%
0.14
Change In Account Payable
4.71
+492.34%
0.80
+120.17%
-3.95
-2840.97%
0.14
Change In Other Working Capital
-31.40
-170.49%
-11.61
-165.49%
-4.37
-21.10%
-3.61
Change In Other Current Assets
—
—
—
2.63
Investing Cash Flow
-169.15
-53.14%
-110.45
-19.23%
-92.64
+17.86%
-112.79
Cash Flow From Continuing Investing Activities
-169.15
-53.14%
-110.45
-19.23%
-92.64
+17.86%
-112.79
Net PPE Purchase And Sale
-26.52
-32.32%
-20.05
-1.44%
-19.76
+0.60%
-19.88
Purchase Of PPE
-26.52
-32.32%
-20.05
-1.44%
-19.76
+0.60%
-19.88
Capital Expenditure
-26.52
-32.32%
-20.05
-1.44%
-19.76
+0.60%
-19.88
Net Investment Purchase And Sale
0.00
-100.00%
57.52
+2259.82%
-2.66
-78.72%
-1.49
Purchase Of Investment
0.00
+100.00%
-85.76
+36.00%
-133.99
+16.48%
-160.43
Sale Of Investment
0.00
-100.00%
143.28
+9.09%
131.33
-17.37%
158.94
Net Business Purchase And Sale
-142.63
+3.58%
-147.92
-110.66%
-70.22
+23.19%
-91.42
Purchase Of Business
-142.63
+3.58%
-147.92
-110.66%
-70.22
+23.19%
-91.42
Financing Cash Flow
-100.83
-337.90%
-23.03
-244.18%
15.97
+150.49%
-31.63
Cash Flow From Continuing Financing Activities
-100.83
-337.90%
-23.03
-244.18%
15.97
+150.49%
-31.63
Net Common Stock Issuance
-114.28
-204.20%
-37.57
0.00
+100.00%
-43.22
Common Stock Payments
-114.28
-204.20%
-37.57
0.00
+100.00%
-43.22
Repurchase Of Capital Stock
-114.28
-204.20%
-37.57
0.00
+100.00%
-43.22
Proceeds From Stock Option Exercised
13.45
-7.54%
14.54
-19.08%
17.97
+55.13%
11.58
Net Other Financing Charges
—
—
-2.00
—
Changes In Cash
-91.19
-481.28%
23.92
-57.00%
55.63
+225.37%
-44.37
Effect Of Exchange Rate Changes
1.53
+177.30%
-1.98
-452.67%
0.56
+293.79%
-0.29
Beginning Cash Position
241.02
+10.01%
219.08
+34.49%
162.89
-21.52%
207.55
End Cash Position
151.35
-37.20%
241.02
+10.01%
219.08
+34.49%
162.89
Free Cash Flow
152.27
+10.86%
137.35
+22.05%
112.54
+40.37%
80.17
Income Tax Paid Supplemental Data
28.89
+6.62%
27.10
-7.22%
29.21
+81.68%
16.08
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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