SPS Commerce (SPSC) Stock Price
SPS Commerce Price
Revenue has compounded at 20.8% per year over the past 18 years to 751.51 M USD. Earnings per share have grown at 26.3% per year over the last 16 years. SPS Commerce's net margin stands at 12.4%, broadly stable from 11.6% several years earlier. Analysts set a median price target of 62.50 USD, implying 21.6% below the current price. Of 19 analysts, 8 rate the stock a buy — an overall Hold consensus. The stock trades about 60% above its 52-week low.
SPS Commerce stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of SPS Commerce over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how SPS Commerce stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing SPS Commerce's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | SPS Commerce Price |
|---|---|
| 9/18/2026 | 79.74 USD |
| 9/17/2026 | 80.34 USD |
| 9/16/2026 | 81.29 USD |
| 9/15/2026 | 82.94 USD |
| 9/14/2026 | 83.03 USD |
| 9/13/2026 | 83.22 USD |
| 9/11/2026 | 81.60 USD |
| 9/10/2026 | 77.23 USD |
| 9/9/2026 | 78.26 USD |
| 9/8/2026 | 79.23 USD |
| 9/4/2026 | 83.00 USD |
| 9/3/2026 | 84.21 USD |
| 9/2/2026 | 82.82 USD |
| 9/1/2026 | 82.93 USD |
| 8/31/2026 | 85.40 USD |
| 8/30/2026 | 85.26 USD |
| 8/28/2026 | 85.28 USD |
| 8/27/2026 | 84.38 USD |
| 8/26/2026 | 80.48 USD |
| 8/25/2026 | 80.56 USD |
| 8/24/2026 | 82.36 USD |
| 8/21/2026 | 81.09 USD |
| 8/20/2026 | 79.43 USD |
| 8/19/2026 | 81.85 USD |
| 8/18/2026 | 78.31 USD |
| 8/14/2026 | 79.40 USD |
| 8/13/2026 | 79.37 USD |
| 8/12/2026 | 76.41 USD |
| 8/11/2026 | 74.91 USD |
| 8/10/2026 | 74.75 USD |
SPS Commerce Revenue, EBIT, Net Income
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SPS Commerce Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEM USD |
|---|
| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEM USD |
| EBITM USD |
| EBIT MARGIN% |
| NET INCOMEM USD |
| NET INCOME GROWTH% |
| SHARESM |
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026e | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 127.00 | 158.00 | 193.00 | 220.00 | 248.00 | 279.00 | 312.00 | 385.00 | 450.00 | 536.00 | 637.00 | 751.00 | 790.00 | 840.00 | 900.00 | 973.00 |
| 22.12 | 24.41 | 22.15 | 13.99 | 12.73 | 12.50 | 11.83 | 23.40 | 16.88 | 19.11 | 18.84 | 17.90 | 5.19 | 6.33 | 7.14 | 8.11 |
| 68.50 | 68.35 | 66.32 | 66.36 | 66.94 | 66.67 | 67.95 | 65.71 | 66.00 | 66.04 | 67.03 | 69.11 | 69.11 | 69.11 | 69.11 | 69.11 |
| 87.00 | 108.00 | 128.00 | 146.00 | 166.00 | 186.00 | 212.00 | 253.00 | 297.00 | 354.00 | 427.00 | 519.00 | 545.95 | 580.51 | 621.97 | 672.42 |
| 4.00 | 7.00 | 7.00 | 8.00 | 26.00 | 38.00 | 50.00 | 55.00 | 71.00 | 77.00 | 88.00 | 118.00 | 238.00 | 250.00 | 289.00 | 328.00 |
| 3.15 | 4.43 | 3.63 | 3.64 | 10.48 | 13.62 | 16.03 | 14.29 | 15.78 | 14.37 | 13.81 | 15.71 | 30.13 | 29.76 | 32.11 | 33.71 |
| 2.00 | 4.00 | 5.00 | -2.00 | 23.00 | 33.00 | 45.00 | 44.00 | 55.00 | 65.00 | 77.00 | 93.00 | 186.00 | 202.00 | 229.00 | 256.00 |
| 100.00 | 100.00 | 25.00 | -140.00 | -1,250.00 | 43.48 | 36.36 | -2.22 | 25.00 | 18.18 | 18.46 | 20.78 | 100.00 | 8.60 | 13.37 | 11.79 |
| 33.76 | 34.22 | 34.73 | 34.65 | 35.44 | 36.15 | 36.73 | 37.15 | 36.97 | 37.64 | 37.86 | 37.76 | 37.76 | 37.76 | 37.76 | 37.76 |
Details
Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales SPS Commerce generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue SPS Commerce retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare SPS Commerce's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares SPS Commerce has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against SPS Commerce's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
SPS Commerce stock margins
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SPS Commerce Stock Revenue, EBIT, Earnings per Share
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SPS Commerce business model & stock analysis
SPS Commerce SWOT Analysis
Strengths
SPS Commerce Inc is a leading provider of cloud-based supply chain management solutions, offering a comprehensive software platform that enables seamless collaboration and real-time information exchange among trading partners. The key strengths of SPS Commerce Inc can be summarized as follows:
- Strong market presence and brand recognition: SPS Commerce Inc has established itself as a trusted and reliable solution provider in the supply chain management sector, enjoying a significant market share and a positive reputation.
- Wide range of products and services: The company offers a diverse portfolio of solutions, catering to the unique needs of various industries and enabling organizations to streamline their operations, improve efficiency, and enhance decision-making.
- Strong customer base: SPS Commerce Inc boasts a large and diverse customer base, including both small and large enterprises across multiple industries, which provides stability and revenue opportunities.
- Innovative technology: The company's cloud-based platform leverages cutting-edge technology to deliver scalable, secure, and user-friendly solutions, ensuring that customers can easily adapt to evolving market demands.
- Rapid growth and financial stability: SPS Commerce Inc has achieved consistent revenue growth and maintained a strong financial position, indicating its ability to effectively navigate the competitive landscape and sustain long-term success.
Weaknesses
Despite its strengths, SPS Commerce Inc faces certain weaknesses that need to be addressed in order to maintain its competitive position:
- Dependency on subscription-based revenue model: The company's reliance on subscription fees for its services exposes it to potential revenue fluctuations based on customer acquisition, retention, and industry-specific factors.
- Increased competition: As the supply chain management sector continues to witness growth, SPS Commerce Inc faces intensifying competition from both established players and emerging startups, necessitating continual innovation and market differentiation.
- Reliance on third-party integrations: SPS Commerce Inc's solutions often require integration with various third-party systems and technologies, which can pose implementation challenges and potential compatibility issues.
Opportunities
SPS Commerce Inc can leverage certain opportunities to further expand its market reach and enhance its competitive advantage:
- Increasing global demand for supply chain management solutions: The growing complexity of global trade and logistics presents an opportunity for SPS Commerce Inc to target international markets and offer its solutions to businesses operating on a global scale.
- Exploring new industries and verticals: The company can explore diversification into untapped industries and verticals, such as healthcare and manufacturing, by tailoring its offerings to meet their specific supply chain needs.
- Inclusion of advanced analytics and predictive capabilities: By incorporating advanced analytics and predictive capabilities into its platform, SPS Commerce Inc can unlock valuable insights for customers, enabling them to make data-driven decisions and optimize their supply chain performance.
Threats
SPS Commerce Inc must also be aware of potential threats that could impact its business and take proactive measures to mitigate them:
- External economic factors: Economic downturns, fluctuations in currency exchange rates, and trade disruptions can adversely affect SPS Commerce Inc's customer base and their ability to invest in supply chain management solutions.
- Data security and privacy concerns: As digital transformation advances, the company needs to prioritize data security and privacy to maintain customer trust, as any security breaches or data mishandling could severely damage its reputation.
- Regulatory compliance challenges: Changes in data protection regulations, trade policies, and industry-specific compliance requirements can pose challenges for SPS Commerce Inc in terms of ensuring its solutions remain compliant and meeting customer expectations.
SPS Commerce Employees
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SPS Commerce Segments
SPS Commerce Revenue by Segment
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SPS Commerce Eulerpool Fair Value
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Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
SPS Commerce historical P/E ratio, EBIT multiple, and P/S ratio
SPS Commerce annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down SPS Commerce's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in SPS Commerce's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare SPS Commerce's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
SPS Commerce shares outstanding
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SPS Commerce stock splits
Since 2019, a total of 2 shares have been converted from one SPS Commerce share.
Current SPS Commerce forecasts and price targets in September 2026
Analyst Price Targets 2026SPS Commerce Analyst Rating Actions
| Date | Firm | Action | Rating | Reliability |
|---|---|---|---|---|
| 7/31/2026 | Maintained | Hold | 57 | |
| 7/31/2026 | Maintained | Underweight | 46 | |
| 7/31/2026 | Maintained | Neutral | 38 | |
| 7/21/2026 | Downgrade | Equal WeightUnderweight | 46 | |
| 7/21/2026 | Maintained | Buy | 46 | |
| 7/1/2026 | Maintained | Neutral | 56 | |
| 5/4/2026 | Maintained | Buy | 46 | |
| 5/1/2026 | Maintained | Buy | 58 | |
| 5/1/2026 | Maintained | Neutral | 56 | |
| 5/1/2026 | Maintained | Neutral | 38 |
Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.
SPS Commerce Earnings Calls
SPS Commerce Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 10/29/2026 | 1.22USD | - | 197.51 MUSD | - | 2026 Q3 |
| 7/30/2026 | 1.09USD | 1.27USD | 195.46 MUSD | - | 2026 Q2 |
| 4/30/2026 | 1.02USD | 1.10USD | 192.47 MUSD | - | 2026 Q1 |
| 2/12/2026 | 1.00USD | 1.14USD | 193.60 MUSD | - | 2025 Q4 |
| 10/30/2025 | 0.99USD | 1.13USD | 193.60 MUSD | - | 2025 Q3 |
| 7/30/2025 | 0.90USD | 1.00USD | 185.83 MUSD | - | 2025 Q2 |
| 4/24/2025 | 0.84USD | 1.00USD | 179.02 MUSD | - | 2025 Q1 |
| 2/10/2025 | 0.87USD | 0.89USD | 169.29 MUSD | - | 2024 Q4 |
| 10/24/2024 | 0.83USD | 0.92USD | 169.29 MUSD | - | 2024 Q3 |
| 7/25/2024 | 0.76USD | 0.80USD | 151.92 MUSD | - | 2024 Q2 |
EESG©
Eulerpool ESG Scorecard© for the SPS Commerce stock
EEnvironment
Environment
SSocial
Social
GGovernance (Corporate Governance)
Governance (Corporate Governance)
The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.
SPS Commerce shareholder structure
| % | Name |
|---|---|
15.34175% | |
13.90484% | |
12.94175% | |
7.78806% | |
4.71230% | |
4.46969% |
SPS Commerce Beneficial Ownership Filings (SEC 13D/G)
SPS Commerce Executives and Management Board
13 members · avg. age 58 · 38 % women
Mr. Chad Collins (49)
Chief Executive Officer, Director · since 2023
14.41 M USD
Management
Ms. Kimberly Nelson (57)
Chief Financial Officer, Executive Vice President
Mr. Jamie Thingelstad (53)
Executive Vice President, Chief Technology Officer
Mr. Eduardo Rosini
Executive Vice President, Chief Commercial Officer
Board of Directors
Mr. Philip Soran (68)
Independent Chairman of the Board · since 2010
Mr. Sven Wehrwein (74)
Independent Director
Ms. Marty Reaume (59)
Independent Director
Ms. Anne Ward (53)
Independent Director
Ms. Tami Reller (60)
Independent Director
Mr. Michael Mcconnell (59)
Independent Director
Frequently asked questions about SPS Commerce
The business model of SPS Commerce Inc revolves around providing cloud-based supply chain management solutions. SPS Commerce offers a wide range of services, including electronic data interchange (EDI), analytics, and sales order automation. Through its innovative platform, SPS Commerce helps businesses streamline their operations, enhance collaboration with trading partners, and optimize their supply chain processes. By leveraging its extensive network and technology expertise, SPS Commerce enables organizations to improve efficiency, reduce costs, and enhance visibility across their supply chain ecosystem. SPS Commerce Inc is a leading player in the supply chain management industry, catering to the needs of various businesses across different sectors.
SPS Commerce Inc is primarily active in the technology and retail industries.
The main competitors of SPS Commerce Inc in the market include companies such as Infor, Descartes Systems Group, and Manhattan Associates.
SPS Commerce Inc, founded in 1987, is a leading provider of cloud-based supply chain management solutions. With a focus on retail and supply chain industries, SPS Commerce offers an array of services such as EDI, analytics, and inventory management. Over the years, the company has shown tremendous growth and has become a trusted partner for businesses worldwide. SPS Commerce Inc has consistently adapted to evolving market needs, leveraging its industry expertise to empower customers with efficient and streamlined operations. This commitment to excellence has established SPS Commerce Inc as a prominent player in the supply chain management sector, driving innovation and success for its clients.
Some significant milestones achieved by SPS Commerce Inc include their listing on the NASDAQ stock exchange in 2010, the acquisition of Edifice, a provider of cloud-based analytics solutions, in 2013, and being named to the Forbes 100 Most Trustworthy Companies list in 2017. The company also expanded its global partner ecosystem, achieved 98% customer retention rate, and surpassed $300 million in annual recurring revenue. Furthermore, SPS Commerce Inc received recognition through various awards, such as being named a Leader in the Gartner Magic Quadrant for Multienterprise Supply Chain Business Networks multiple times. With a consistent focus on innovation, growth, and customer satisfaction, SPS Commerce Inc continues to make remarkable strides in the industry.
SPS Commerce Inc is primarily present in the United States, Canada, Australia, and Europe.
SPS Commerce Inc represents a strong commitment to customer success and innovation. Their corporate philosophy focuses on providing cloud-based solutions that streamline and improve supply chain processes. Known for their exceptional customer service, SPS Commerce Inc values collaboration, integrity, continuous improvement, and a customer-centric approach. By leveraging their expertise and cutting-edge technology, the company empowers businesses to enhance efficiency, increase profitability, and drive growth. With a constant focus on delivering value and driving customer satisfaction, SPS Commerce Inc is a trusted leader in the industry.
Analysts currently set an average price target of 64.83 USD for the SPS Commerce stock (median: 62.50 USD), implying -18.1 % versus the latest price. The consensus is based on 19 analyst ratings.
19 analysts currently rate the SPS Commerce stock: 8 recommend buying, 10 holding and 1 selling. For 2026, analysts expect SPS Commerce to generate revenue of 790.55 M USD and earnings per share of 4.93 USD.
Converted at the current exchange rate, the SPS Commerce share trades at 69.48 EUR (79.74 USD).
The SPS Commerce share (SPSC) is listed on 3 stock exchanges, including: NASDAQ (SPSC), Frankfurt (S86.F), München (S86.MU).
SPS Commerce Inc. is a leading provider of cloud-based supply chain management solutions. The company offers innovative technologies and services to automate business processes between trading partners. Its core business is providing cloud-based platforms and tools to support business process automation and data management. These platforms include various features such as order management, supply chain management, inventory management, and supplier management. SPS Commerce Inc. automates the entire supply chain from procurement to sales, offering a wide range of products including EDI solutions, API integrations, analytics tools, process automation, training, and consulting. Its product range also caters specifically to the needs of different industries and types of businesses, including retailers, suppliers, manufacturers, and distributors. SPS Commerce Inc. continuously develops new products and platforms, investing a significant portion of its revenue in research and development to expand its capabilities and remain competitive in a demanding market. The company operates on a subscription-based model, with customers paying for access to its products and services based on their desired level of usage. SPS Commerce pursues a robust growth strategy supported by partnerships and acquisitions. It collaborates with various partners, including major retailers, distributors, and manufacturers, to expand its reach and capabilities. SPS Commerce is constantly seeking new growth opportunities through partnerships and acquisitions that can enhance its offerings and strengthen its market position.
The expected revenue of SPS Commerce is 790.55 M USD. This figure is based on current financial data and reflects the company's business performance.
The expected profit of SPS Commerce is 186.32 M USD. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of SPS Commerce is currently 16.16. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the SPS Commerce stock.
The price-to-sales ratio (P/S) of SPS Commerce is currently 3.81. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the SPS Commerce stock.
The Eulerpool Quality Score for SPS Commerce is 7/10.
The ISIN of SPS Commerce is US78463M1071. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of SPS Commerce is A1CW7W. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of SPS Commerce is SPSC. The ticker symbol is used to trade SPS Commerce shares on the stock exchange.
SPS Commerce paid dividends every year for the past 0 years.
SPS Commerce is assigned to the 'Information technology' sector.
The dividends of SPS Commerce are distributed in USD.
SPS Commerce stock
SPS Commerce Peer Group
SPS Commerce Ticker
SPS Commerce FIGI
All fundamentals and in-depth analysis of SPS Commerce
Our stock analysis for SPS Commerce stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of SPS Commerce. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.