SPS Commerce (SPSC) Stock Price

SPS Commerce Price

🇺🇸NASDAQ·CLOSED
54.72USD
Market closed
Today +/-
Today %

SPS Commerce (SPSC) Stock | ISIN US78463M1071 | WKN A1CW7W. The current SPS Commerce stock price is 54.72 USD (2026). Revenue is 818 M USD. Net income is 174.01 M USD. The P/E ratio is 11.95. Market capitalization is 2.08 B USD. SPS Commerce operates in the Information technology sector.

SPS Commerce stock price

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Stock Price

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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.

SPS Commerce Stock Price History
DateSPS Commerce Price
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SPS Commerce Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2007
25.2 M USD
-1.8 M USD
-2.2 M USD
Jan 1, 2008
30.7 M USD
-1.4 M USD
-1.9 M USD
Jan 1, 2009
37.7 M USD
1.9 M USD
1.2 M USD
Jan 1, 2010
44.6 M USD
3 M USD
2.9 M USD
Jan 1, 2011
58 M USD
1.1 M USD
13.7 M USD
Jan 1, 2012
77.1 M USD
1.6 M USD
1.2 M USD
Jan 1, 2013
104.4 M USD
1.8 M USD
1.1 M USD
Jan 1, 2014
127.9 M USD
4.4 M USD
2.7 M USD
Jan 1, 2015
158.5 M USD
7 M USD
4.6 M USD
Jan 1, 2016
193.2 M USD
6.4 M USD
5 M USD
Jan 1, 2017
220.1 M USD
10 M USD
400,000 USD
Jan 1, 2018
248.2 M USD
26.7 M USD
23.9 M USD
Jan 1, 2019
279.1 M USD
38.4 M USD
33.7 M USD
Jan 1, 2020
312.6 M USD
50.2 M USD
45.6 M USD
Jan 1, 2021
385.3 M USD
55.1 M USD
44.6 M USD

SPS Commerce Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 10, 2026, 4:23 PM
 
REVENUE (M USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M USD)
NET INCOME (M USD)
NET INCOME GROWTH (%)
SHARES (M)
DOCUMENTS
Details

Income Statement Key Figures

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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

The SPS Commerce margin analysis displays the gross margin, EBIT margin, as well as the profit margin of SPS Commerce. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for SPS Commerce.

  • 3 Years

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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2007
74.6 %
-7.14 %
-8.73 %
Jan 1, 2008
69.71 %
-4.56 %
-6.19 %
Jan 1, 2009
68.97 %
5.04 %
3.18 %
Jan 1, 2010
71.75 %
6.73 %
6.5 %
Jan 1, 2011
73.45 %
1.9 %
23.62 %
Jan 1, 2012
71.47 %
2.08 %
1.56 %
Jan 1, 2013
69.54 %
1.72 %
1.05 %
Jan 1, 2014
68.8 %
3.44 %
2.11 %
Jan 1, 2015
68.45 %
4.42 %
2.9 %
Jan 1, 2016
66.67 %
3.31 %
2.59 %
Jan 1, 2017
66.56 %
4.54 %
0.18 %
Jan 1, 2018
67.08 %
10.76 %
9.63 %
Jan 1, 2019
66.97 %
13.76 %
12.07 %
Jan 1, 2020
68.07 %
16.06 %
14.59 %
Jan 1, 2021
65.82 %
14.3 %
11.58 %

SPS Commerce Stock Revenue, EBIT, Earnings per Share

The SPS Commerce earnings per share therefore indicates how much revenue SPS Commerce has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2007
63 USD
-4.5 USD
-5.5 USD
Jan 1, 2008
51.17 USD
-2.33 USD
-3.17 USD
Jan 1, 2009
2.04 USD
0.1 USD
0.06 USD
Jan 1, 2010
1.92 USD
0.13 USD
0.13 USD
Jan 1, 2011
2.27 USD
0.04 USD
0.54 USD
Jan 1, 2012
2.77 USD
0.06 USD
0.04 USD
Jan 1, 2013
3.27 USD
0.06 USD
0.03 USD
Jan 1, 2014
3.81 USD
0.13 USD
0.08 USD
Jan 1, 2015
4.65 USD
0.21 USD
0.13 USD
Jan 1, 2016
5.6 USD
0.19 USD
0.14 USD
Jan 1, 2017
6.34 USD
0.29 USD
0.01 USD
Jan 1, 2018
7.05 USD
0.76 USD
0.68 USD
Jan 1, 2019
7.75 USD
1.07 USD
0.94 USD
Jan 1, 2020
8.61 USD
1.38 USD
1.26 USD
Jan 1, 2021
10.41 USD
1.49 USD
1.21 USD

SPS Commerce business model & stock analysis

SPS Commerce Inc is a company in the cloud-based supply chain solutions sector, headquartered in Minneapolis, Minnesota, USA. It was founded in 1987 by Archie Black as Software Development Labs and has since become a major player in the e-commerce industry. SPS Commerce's business model is to offer a wide range of solutions that improve and optimize the performance of trading partners in the supply chain. Key solutions include order fulfillment, advanced analytics, integration, collaboration, IoT, and optimization. The company relies on a cloud-based software-as-a-service platform that allows customers to access the solutions anytime, anywhere. At the same time, SPS Commerce provides specialized solutions for various industries and markets, including retail, food, healthcare, logistics, and automotive, to name a few. The company has a team of industry experts who support customers in streamlining and optimizing their business processes. One of SPS Commerce's main divisions is order fulfillment, which helps companies process orders quickly and efficiently. The solutions include order confirmation, shipment notification, invoice verification, and payment processing. Companies can make their supply chain and inventory management more effective with SPS Commerce's platform. Another important area is advanced analytics, which allows companies to collect, analyze, and visualize data from their supply chain to make better business decisions. SPS Commerce's solutions are specifically tailored to the needs of companies and allow for inventory optimization and order planning. SPS Commerce also offers a range of integration solutions that allow companies to communicate seamlessly with trading partners and suppliers. The solutions include various integration protocols such as EDI, API, XML, and flat file. Companies can quickly and easily communicate with trading partners around the world. Collaboration reflects SPS Commerce's commitment to enabling a faster, smoother flow of information across the supply chain for companies. Collaboration solutions allow companies to work together more easily to overcome challenges and improve supply chain efficiency. SPS Commerce also offers IoT solutions that enable the collection of data directly from the supply chain. With sensors and other devices, companies can capture and use real-time data to make better decisions and optimize their business processes. Finally, SPS Commerce offers optimization solutions that help customers optimize supply chains and reduce costs. Optimization solutions include inventory management, reorder management, and shipping optimization that companies can better control through SPS Commerce's platform. In 2019, SPS Commerce had over 90,000 customers in over 70 countries. The company has been listed on NASDAQ since 2001 and has experienced strong growth in recent years. Through acquisitions and partnerships, the company has expanded its solution portfolio and become a key player in the supply chain solutions industry.

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 Segments

SPS Commerce Revenue by Segment

  • 3 Years

  • 5 Years

  • Max

Fulfillment
Analytics
Other
Details
Date
Fulfillment
Analytics
Other
Jan 1, 2018
190.78 M USD
34.45 M USD
5.42 M USD
Jan 1, 2019
219.3 M USD
37.04 M USD
5.67 M USD
Jan 1, 2020
251.27 M USD
38.82 M USD
4.92 M USD
Jan 1, 2021
306.85 M USD
42.67 M USD
5.48 M USD
Jan 1, 2022
364.15 M USD
46.89 M USD
8.01 M USD
Jan 1, 2023
436.7 M USD
51.7 M USD
13.61 M USD
Jan 1, 2024
523.7 M USD
55.72 M USD
20.67 M USD
Jan 1, 2025
637.65 M USD
56.02 M USD
24.31 M USD

SPS Commerce Eulerpool Fair Value

SPS Commerce historical P/E ratio, EBIT multiple, and P/S ratio

SPS Commerce annual returns

Details

Annual Return

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What This Chart Shows

This chart breaks down '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 '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 '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

The number of shares was SPS Commerce in 2025 — This indicates how many shares 37.992 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

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  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2007
400,000 base_Shares
Jan 1, 2008
600,000 base_Shares
Jan 1, 2009
18.5 M base_Shares
Jan 1, 2010
23.2 M base_Shares
Jan 1, 2011
25.5 M base_Shares
Jan 1, 2012
27.8 M base_Shares
Jan 1, 2013
31.9 M base_Shares
Jan 1, 2014
33.6 M base_Shares
Jan 1, 2015
34.1 M base_Shares
Jan 1, 2016
34.5 M base_Shares
Jan 1, 2017
34.7 M base_Shares
Jan 1, 2018
35.2 M base_Shares
Jan 1, 2019
36 M base_Shares
Jan 1, 2020
36.3 M base_Shares
Jan 1, 2021
37 M base_Shares
Price targets and forecasts for SPS Commerce are not yet available.

SPS Commerce Earnings Estimates

SPS Commerce Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
4/23/20261USD196.58 MUSD2026 Q1
4/22/20261USD196.58 MUSD2026 Q1
2/12/20261.03USD197.47 MUSD2025 Q4
2/5/20261.03USD197.47 MUSD2025 Q4
4/24/20240.75USD149.28 MUSD2024 Q1
2/7/20240.71USD145.95 MUSD2023 Q4
7/27/20220.5USD110.58 MUSD2022 Q2

EESG©

Eulerpool ESG Scorecard© for the SPS Commerce stock

55/100
27
Environment
89
Social
49
Governance
E

Environment

20
Scope 1 - Direct Emissions160
Scope 2 - Indirect emissions from purchased energy1,453
Scope 3 - Indirect emissions within the value chain5,530
Total CO₂ emissions1,613
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees36
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

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
13.90484%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
12.94175%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
3.86479%
State Street Investment Management (US)
State Street Investment Management (US)
3.72523%
Neuberger Berman, LLC
Neuberger Berman, LLC
3.40932%
UBS Financial Services, Inc.
UBS Financial Services, Inc.
3.20236%
Nordea Funds Oy
Nordea Funds Oy
2.55684%
Geode Capital Management, L.L.C.
Geode Capital Management, L.L.C.
2.24588%
BofA Global Research (US)
BofA Global Research (US)
2.22313%
Disciplined Growth Investors, Inc.
Disciplined Growth Investors, Inc.
1.80865%
BNP Paribas Asset Management USA, Inc.
BNP Paribas Asset Management USA, Inc.
...

SPS Commerce Executives and Management Board

CC

Mr. Chad Collins

(49)

Chief Executive Officer, Director · since 2023

Compensation14.41 M USD
KN

Ms. Kimberly Nelson

(57)

Chief Financial Officer, Executive Vice President

Compensation5.46 M USD
JT

Mr. Jamie Thingelstad

(53)

Executive Vice President, Chief Technology Officer

Compensation3.22 M USD
PS

Mr. Philip Soran

(68)

Independent Chairman of the Board · since 2010

Compensation255,400 USD
SW

Mr. Sven Wehrwein

(74)

Independent Director

Compensation247,400 USD

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.

All fundamentals and in-depth analysis of SPS Commerce

Our stock analysis for SPS Commerce Revenue 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 Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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