SPS Commerce (SPSC) Financials: Revenue & Earnings
SPSC$85.34-0.90 -1.04%
$3.07B
Market Cap
44.53
P/E
17.40
Forward P/E
58
Score
SPS Commerce (SPSC) Financials: Revenue & Earnings
SPSC price $85.34 -0.90 -1.04%
- Ticker
- SPSC
- Price
- $85.34
- Change
- -0.90 -1.04%
- Market cap ?
- $3.07B
- P/E ?
- 44.53
- Forward P/E ?
- 17.40
- Dividend yield ?
- 0.00%
- Beta ?
- 0.51
- Sector
- Technology
- Industry
- Software - Application
- Stocklytics score
- 58
- Value
- 57
- Quality
- 72
- Growth
- 44
Stocklytics score rationale: value 57, quality 72, growth 44.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 193295000 | 220566000 | 248240000 | 279124000 | 312630000 | 385276000 | 450875000 | 536910000 | 637765000 | 751505000 |
SPS Commerce, Inc. delivers comprehensive, cloud-based solutions for supply chain management across the globe. The company's central offering is its "SPS Commerce" platform, an advanced system that enhances operations for retailers, suppliers, grocers, distributors, and logistics firms. This platform allows these businesses to streamline the management and fulfillment of omnichannel orders, boost sell-through…
Fair value
SPSC fair value $196.32. Price $85.34. Price is 57% below fair value.
Below fair value, and cheaper than usual. A larger discount than on 82% of days in the past 5 years.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 198.70M. Growth 15.86%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.70% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 36.00M. Net debt -144.16M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-10-29 | — | 1.23 | — | 197.51M |
| 2026-07-30 | 1.27 | 1.09 | 197.81M | 195.46M |
| 2026-04-30 | 1.10 | 1.02 | 192.12M | 192.47M |
| 2026-02-12 | 1.14 | 1.00 | 192.65M | 193.60M |
| 2025-10-30 | 1.13 | 0.99 | 189.90M | 193.60M |
| 2025-07-30 | 1.00 | 0.90 | 187.40M | 185.83M |
| 2025-04-24 | 1.00 | 0.84 | 181.55M | 179.02M |
| 2025-02-10 | 0.89 | 0.87 | 170.91M | 169.29M |
| 2024-10-24 | 0.92 | 0.83 | 163.69M | 169.29M |
| 2024-07-25 | 0.80 | 0.76 | 153.60M | 151.92M |
| 2024-04-25 | 0.86 | 0.73 | 149.58M | 146.56M |
| 2024-02-08 | 0.75 | 0.69 | 144.97M | 143.09M |
| 2023-10-26 | 0.75 | 0.66 | 135.66M | 134.23M |
| 2023-07-27 | 0.69 | 0.62 | 130.42M | 128.82M |
| 2023-04-26 | 0.67 | 0.57 | 125.87M | 123.96M |
| 2023-02-09 | 0.63 | 0.53 | 122.02M | 120.78M |
| 2022-10-27 | 0.63 | 0.52 | 114.49M | 114.01M |
| 2022-07-27 | 0.53 | 0.49 | 109.18M | 108.95M |
| 2022-04-28 | 0.55 | 0.47 | 105.19M | 104.51M |
| 2022-02-09 | 0.46 | 0.41 | 102.76M | 100.67M |
| 2021-10-28 | 0.47 | 0.42 | 97.89M | 97.42M |
| 2021-07-29 | 0.46 | 0.40 | 94.54M | 94.54M |
| 2021-04-29 | 0.43 | 0.38 | 90.09M | 87.50M |
| 2021-02-11 | 0.40 | 0.34 | 83.31M | 80.57M |
| 2020-10-28 | 0.39 | 0.33 | 79.56M | 67.32M |
| 2020-07-30 | 0.37 | 0.31 | 75.57M | 63.32M |
| 2020-04-30 | 0.38 | 0.32 | 74.19M | 62.48M |
| 2020-02-13 | 0.35 | 0.30 | 72.73M | 62.34M |
| 2019-10-24 | 0.33 | 0.28 | 70.93M | 60.18M |
| 2019-07-25 | 0.30 | 0.26 | 68.53M | 59.39M |
| 2019-04-25 | 0.30 | 0.25 | 66.93M | 58.01M |
| 2019-02-12 | 0.27 | 0.23 | 65.19M | 55.53M |
| 2018-10-25 | 0.26 | 0.20 | 62.87M | 48.36M |
| 2018-07-26 | 0.25 | 0.17 | 61.09M | 41.54M |
| 2018-04-26 | 0.19 | 0.16 | 59.09M | 47.27M |
| 2018-02-06 | 0.13 | 0.10 | 58.20M | 49.13M |
| 2017-10-26 | 0.12 | 0.10 | 56.15M | 46.72M |
| 2017-07-27 | 0.12 | 0.09 | 54.28M | 44.68M |
| 2017-04-27 | 0.13 | 0.09 | 51.93M | 39.43M |
| 2017-02-07 | 0.14 | 0.14 | 51.06M | 47.54M |
Dividends
Yield 0.00%. Payout ratio 0.00%. Frequency —.
Safety score 37/100 · Watch. Payout ratio is 0% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. No dividend history was found. There is no dividend yield.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| No data yet. | ||||
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-05-28 | Gaurav Razat | Buy | 3.74K | — | — |
| 2026-05-28 | McConnell Michael J | Buy | 3.74K | — | — |
| 2026-05-28 | Partin Mark | Buy | 3.74K | — | — |
| 2026-05-28 | Reaume Marty M | Buy | 3.74K | — | — |
| 2026-05-28 | Reller Tami | Buy | 3.74K | — | — |
| 2026-05-28 | SORAN PHILIP | Buy | 3.74K | — | — |
| 2026-05-28 | Chima Fumbi F. | Buy | 3.74K | — | — |
| 2026-05-28 | Ward Anne Sempowski | Buy | 3.74K | — | — |
| 2026-05-08 | THINGELSTAD JAMIE | Buy | 39.43K | — | — |
| 2026-05-07 | Del Preto Joseph | Buy | 33.24K | — | — |
| 2026-05-07 | Del Preto Joseph | Buy | 108.47K | — | — |
| 2026-05-07 | Reaume Marty M | Buy | 1.00K | $51.80 | 51.80K |
| 2026-05-07 | Reaume Marty M | Sell | 1.00K | $57.03 | 57.03K |
| 2026-05-07 | Reaume Marty M | Sell | 1.00K | $51.80 | 51.80K |
| 2026-04-07 | Reaume Marty M | Buy | 1.00K | $51.80 | 51.80K |
| 2026-04-07 | Reaume Marty M | Sell | 1.00K | $57.90 | 57.90K |
| 2026-04-07 | Reaume Marty M | Sell | 1.00K | $51.80 | 51.80K |
| 2026-03-16 | Del Preto Joseph | Other | 0 | — | — |
| 2026-03-13 | Reller Tami | Buy | 5.73K | $51.80 | 296.92K |
| 2026-03-13 | Reller Tami | Sell | 5.73K | $51.80 | 296.92K |
| 2026-03-09 | Reaume Marty M | Buy | 1.00K | $51.80 | 51.80K |
| 2026-03-09 | Reaume Marty M | Sell | 1.00K | $62.73 | 62.73K |
| 2026-03-09 | Reaume Marty M | Sell | 1.00K | $51.80 | 51.80K |
| 2026-02-24 | THINGELSTAD JAMIE | Sell | 1.90K | $54.80 | 104.12K |
| 2026-02-24 | THINGELSTAD JAMIE | Sell | 518 | $55.47 | 28.73K |
| 2026-02-20 | Collins Chadwick | Buy | 101.93K | — | — |
| 2026-02-20 | Collins Chadwick | Sell | 7.78K | $58.09 | 451.74K |
| 2026-02-20 | Collins Chadwick | Sell | 2.81K | $59.18 | 166.06K |
| 2026-02-20 | Collins Chadwick | Sell | 2.80K | $59.72 | 167.33K |
| 2026-02-20 | Nelson Kimberly K. | Buy | 39.69K | — | — |
| 2026-02-20 | Nelson Kimberly K. | Sell | 3.70K | $58.09 | 214.92K |
| 2026-02-20 | Nelson Kimberly K. | Sell | 1.20K | $59.19 | 71.02K |
| 2026-02-20 | Nelson Kimberly K. | Sell | 1.40K | $59.70 | 83.58K |
| 2026-02-20 | Rosini Eduardo | Buy | 29.34K | — | — |
| 2026-02-20 | Chima Fumbi F. | Buy | 3.45K | — | — |
| 2026-02-20 | McConnell Michael J | Buy | 3.45K | — | — |
| 2026-02-20 | THINGELSTAD JAMIE | Buy | 23.30K | — | — |
| 2026-02-12 | Chima Fumbi F. | Other | 0 | — | — |
| 2026-02-12 | McConnell Michael J | Other | 0 | — | — |
| 2026-02-09 | Reaume Marty M | Buy | 1.00K | $51.80 | 51.80K |
| 2026-02-09 | Reaume Marty M | Sell | 1.00K | $79.92 | 79.92K |
| 2026-02-09 | Reaume Marty M | Sell | 1.00K | $51.80 | 51.80K |
| 2026-01-07 | Reaume Marty M | Buy | 1.73K | $51.80 | 89.72K |
| 2026-01-07 | Reaume Marty M | Sell | 400 | $91.40 | 36.56K |
| 2026-01-07 | Reaume Marty M | Sell | 1.33K | $92.52 | 123.24K |
| 2026-01-07 | Reaume Marty M | Sell | 1.73K | $51.80 | 89.72K |
| 2025-12-01 | Rosini Eduardo | Buy | 80.53K | — | — |
| 2025-12-01 | Rosini Eduardo | Other | 0 | — | — |
| 2025-11-18 | SORAN PHILIP | Buy | 5.73K | $51.80 | 296.92K |
| 2025-11-18 | SORAN PHILIP | Sell | 3.72K | $79.89 | 296.95K |
| 2025-11-18 | SORAN PHILIP | Sell | 5.73K | $51.80 | 296.92K |
| 2025-11-06 | Partin Mark | Buy | 2.48K | — | — |
| 2025-11-04 | THINGELSTAD JAMIE | Buy | 8.12K | $54.54 | 442.76K |
| 2025-11-04 | THINGELSTAD JAMIE | Sell | 6.62K | $82.53 | 546.43K |
| 2025-11-04 | THINGELSTAD JAMIE | Sell | 8.12K | $54.54 | 442.76K |
| 2025-08-18 | Partin Mark | Other | 0 | — | — |
| 2025-05-13 | Ward Anne Sempowski | Buy | 1.31K | — | — |
| 2025-05-13 | WEHRWEIN SVEN | Buy | 1.31K | — | — |
| 2025-05-13 | Reaume Marty M | Buy | 1.31K | — | — |
| 2025-05-13 | Reller Tami | Buy | 1.31K | — | — |
| 2025-05-13 | Gaurav Razat | Buy | 1.31K | — | — |
| 2025-05-13 | SORAN PHILIP | Buy | 1.31K | — | — |
| 2025-05-01 | Gaurav Razat | Buy | 3.65K | $142.09 | 518.34K |
| 2025-03-26 | Reller Tami | Buy | 6.57K | $37.22 | 244.54K |
| 2025-03-26 | Reller Tami | Sell | 6.57K | $37.22 | 244.54K |
| 2025-03-06 | Gaurav Razat | Other | 0 | — | — |
| 2025-02-26 | Nelson Kimberly K. | Sell | 2.65K | $136.29 | 360.62K |
| 2025-02-26 | Nelson Kimberly K. | Sell | 495 | $137.03 | 67.83K |
| 2025-02-26 | Nelson Kimberly K. | Sell | 1.09K | $138.33 | 151.47K |
| 2025-02-26 | Nelson Kimberly K. | Sell | 1.25K | $139.34 | 174.73K |
| 2025-02-20 | Collins Chadwick | Sell | 1.06K | $143.92 | 152.85K |
| 2025-02-20 | Collins Chadwick | Sell | 510 | $144.56 | 73.72K |
| 2025-02-20 | Collins Chadwick | Sell | 100 | $145.58 | 14.56K |
| 2025-02-20 | Nelson Kimberly K. | Sell | 856 | $144.01 | 123.27K |
| 2025-02-20 | Nelson Kimberly K. | Sell | 500 | $144.54 | 72.27K |
| 2025-02-20 | Nelson Kimberly K. | Sell | 100 | $145.58 | 14.56K |
| 2025-02-20 | Juckniess Dan | Sell | 447 | $143.94 | 64.34K |
| 2025-02-20 | Juckniess Dan | Sell | 216 | $144.67 | 31.25K |
| 2025-02-20 | Juckniess Dan | Sell | 72 | $145.59 | 10.48K |
| 2025-02-20 | THINGELSTAD JAMIE | Sell | 555 | $143.99 | 79.92K |
| 2025-02-20 | THINGELSTAD JAMIE | Sell | 185 | $145.20 | 26.86K |
| 2025-02-19 | THINGELSTAD JAMIE | Sell | 906 | $146.74 | 132.95K |
| 2025-02-19 | THINGELSTAD JAMIE | Sell | 910 | $148.65 | 135.27K |
| 2025-02-19 | THINGELSTAD JAMIE | Sell | 400 | $149.24 | 59.70K |
| 2025-02-19 | THINGELSTAD JAMIE | Sell | 555 | $143.99 | 79.92K |
| 2025-02-19 | THINGELSTAD JAMIE | Sell | 185 | $145.20 | 26.86K |
| 2025-02-19 | Juckniess Dan | Sell | 991 | $146.75 | 145.43K |
| 2025-02-19 | Juckniess Dan | Sell | 400 | $148.26 | 59.31K |
| 2025-02-19 | Juckniess Dan | Sell | 1.20K | $148.98 | 178.77K |
| 2025-02-19 | Juckniess Dan | Sell | 447 | $143.94 | 64.34K |
| 2025-02-19 | Juckniess Dan | Sell | 216 | $144.67 | 31.25K |
| 2025-02-19 | Juckniess Dan | Sell | 72 | $145.59 | 10.48K |
| 2025-02-19 | Collins Chadwick | Sell | 1.03K | $146.74 | 150.85K |
| 2025-02-19 | Collins Chadwick | Sell | 312 | $147.97 | 46.17K |
| 2025-02-19 | Collins Chadwick | Sell | 1.30K | $148.96 | 193.65K |
| 2025-02-19 | Collins Chadwick | Sell | 200 | $150.01 | 30.00K |
| 2025-02-19 | Collins Chadwick | Sell | 1.06K | $143.92 | 152.85K |
| 2025-02-19 | Collins Chadwick | Sell | 510 | $144.56 | 73.72K |
| 2025-02-19 | Collins Chadwick | Sell | 100 | $145.58 | 14.56K |
| 2025-02-19 | Nelson Kimberly K. | Sell | 1.50K | $146.84 | 219.97K |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 322, holders -13 vs prior quarter. Ownership 107.11%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| BLACKROCK, INC. | 5.93M | 105.58K | +1.81% | 339.26M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 2.91M | -44.13K | -1.49% | 166.63M |
| DISCIPLINED GROWTH INVESTORS INC /MN | 2.12M | 1.31M | +161.90% | 121.42M |
| NEUBERGER BERMAN GROUP LLC | 1.78M | -9.42K | -0.53% | 101.81M |
| VANGUARD CAPITAL MANAGEMENT LLC | 1.60M | -99.74K | -5.87% | 91.38M |
| STATE STREET CORP | 1.55M | 45.89K | +3.06% | 88.37M |
| GEODE CAPITAL MANAGEMENT, LLC | 1.27M | 268.29K | +26.88% | 72.40M |
| GOLDMAN SACHS GROUP INC | 1.11M | 38.22K | +3.57% | 63.31M |
| MORGAN STANLEY | 997.97K | 37.09K | +3.86% | 57.05M |
| JUPITER TOPCO LLC | 984.43K | 984.43K | New | 56.26M |
| ENGINE CAPITAL MANAGEMENT, LP | 916.38K | 916.38K | New | 52.39M |
| CITADEL ADVISORS LLC | 913.87K | 850.07K | +1332.39% | 52.25M |
| FEDERATED HERMES, INC. | 901.63K | 162.68K | +22.02% | 51.55M |
| INVENOMIC CAPITAL MANAGEMENT LP | 869.41K | 605.32K | +229.20% | 49.70M |
| BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. | 760.70K | 50.36K | +7.09% | 43.49M |
| ANSON FUNDS MANAGEMENT LP | 745.00K | 645.00K | +645.00% | 42.59M |
| VAN BERKOM & ASSOCIATES INC. | 630.33K | -47.91K | -7.06% | 36.04M |
| LIGHTROCK NETHERLANDS B.V. | 613.17K | 171.50K | +38.83% | 35.05M |
| IRENIC CAPITAL MANAGEMENT LP | 597.70K | 0 | 0.00% | 34.17M |
| SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. | 542.52K | 542.52K | New | 31.02M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 542.52K | 41.71K | +8.33% | 31.02M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 509.49K | 154.95K | +43.71% | 29.13M |
| NORTHERN TRUST CORP | 494.87K | 53.15K | +12.03% | 28.29M |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 411.96K | 50.87K | +14.09% | 23.55M |
| BANK OF AMERICA CORP /DE/ | 378.59K | -620.03K | -62.09% | 21.64M |
Earnings and financials
SPS Commerce, Inc. (SPSC) trades at $85.34, with a market cap of $3.07B and a trailing P/E of 44.53. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 193295000 | 220566000 | 248240000 | 279124000 | 312630000 | 385276000 | 450875000 | 536910000 | 637765000 | 751505000 |
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