SPSCNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
SPS COMMERCE INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$85.42+0.17 (+0.20%)
Close on Oct 19, 2026
- Market cap
- $3.12B
- P/E (TTM)
- 41.3
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
100.0%
39M of 36M shares
Institutional holders
318
61 new, 66 sold out
Net institutional buying
-0M
In Q2 2026
Insider trades, 12 months
0 buys · 14 sales
Net sold $1.70M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 5,580,468 | 14.70% | 13G (passive) amendment | Sep 30, 2025 |
| Vanguard Portfolio Management | 2,995,571 | 8.01% | 13G (passive) | Mar 31, 2026 |
| Disciplined Growth Investors Inc /Mn | 2,123,881 | 5.90% | 13G (passive) | Jun 30, 2026 |
| Vanguard Capital Management | 1,984,586 | 5.30% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of SPSC | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 5,934,211 | 16.48% | $339.26M | +105,575 | 0.01% |
| Vanguard Portfolio Management LLC | 2,914,709 | 8.10% | $166.63M | −44,130 | 0.01% |
| Disciplined Growth Investors Inc /Mn | 2,123,881 | 5.90% | $121.42M | +1,312,943 | 2.06% |
| Neuberger Berman Group LLC | 1,780,876 | 4.95% | $101.81M | −9,422 | 0.07% |
| Vanguard Capital Management LLC | 1,598,383 | 4.44% | $91.38M | −99,740 | 0.00% |
| State Street Corp | 1,545,696 | 4.29% | $88.37M | +45,886 | 0.00% |
| Geode Capital Management, LLC | 1,266,247 | 3.52% | $72.40M | +268,288 | 0.00% |
| Goldman Sachs Group Inc | 1,107,434 | 3.08% | $63.31M | +38,218 | 0.01% |
| Morgan Stanley | 997,970 | 2.77% | $57.05M | +37,090 | 0.00% |
| Jupiter Topco LLC | 984,427 | 2.73% | $56.26M | New | 0.02% |
| Engine Capital Management, LP | 916,380 | 2.55% | $52.39M | New | 5.10% |
| Citadel Advisors LLC | 913,868 | 2.54% | $52.25M | +628 | 0.01% |
| Federated Hermes, Inc. | 901,632 | 2.50% | $51.55M | +162,683 | 0.07% |
| Invenomic Capital Management LP | 869,410 | 2.42% | $49.70M | +605,315 | 2.97% |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 760,700 | 2.11% | $43.49M | +50,362 | 0.04% |
| Anson Funds Management LP | 745,000 | 2.07% | $42.59M | −405,000 | 2.53% |
| Van Berkom & Associates Inc. | 630,329 | 1.75% | $36.04K | −726,143 | 1.16% |
| Lightrock Netherlands B.V. | 613,169 | 1.70% | $35.05M | +171,500 | 6.92% |
| Irenic Capital Management LP | 597,704 | 1.66% | $34.17M | – | 1.64% |
| Charles Schwab Investment Management Inc | 542,524 | 1.51% | $31.02M | +41,713 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 318 | 39M | 100.0% | 61 / 115 | 111 / 66 | 7M | 7M |
| Q1 2026 | 329 | 39M | 100.0% | 58 / 132 | 97 / 89 | 13M | 7M |
| Q4 2025 | 367 | 38M | 100.0% | 64 / 119 | 149 / 94 | 6M | 7M |
| Q3 2025 | 403 | 39M | 100.0% | 45 / 155 | 160 / 87 | 6M | 5M |
| Q2 2025 | 452 | 38M | 100.0% | 58 / 181 | 153 / 49 | 4M | 3M |
| Q1 2025 | 448 | 38M | 100.0% | 65 / 173 | 160 / 72 | 4M | 3M |
| Q4 2024 | 460 | 38M | 100.0% | 56 / 177 | 178 / 50 | 3M | 3M |
| Q3 2024 | 461 | 37M | 100.0% | 49 / 177 | 175 / 32 | 8M | 2M |
| Q2 2024 | 449 | 37M | 100.0% | 60 / 191 | 145 / 31 | 2M | 3M |
| Q1 2024 | 422 | 38M | 100.0% | 63 / 161 | 148 / 38 | 2M | 2M |
| Q4 2023 | 402 | 38M | 100.0% | 48 / 135 | 173 / 19 | 2M | 1M |
| Q3 2023 | 379 | 37M | 100.0% | 32 / 144 | 159 / 26 | 2M | 2M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of SPSC | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 2,212,295 | 6.15% | $126.48M | 0.11% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 1,110,021 | 3.08% | $63.46M | 0.00% | Jun 30, 2026 |
| Neuberger Genesis Fund | 1,016,285 | 2.82% | $57.67M | 0.78% | May 31, 2026 |
| iShares Russell 2000 ETF | 974,015 | 2.71% | $55.68M | 0.07% | Jun 30, 2026 |
| Vanguard Information Technology Index Fund | 955,001 | 2.65% | $54.20M | 0.03% | May 31, 2026 |
| Vanguard Small-Cap Index Fund | 799,329 | 2.22% | $45.70M | 0.02% | Jun 30, 2026 |
| Vanguard Small-Cap Growth Index Fund | 458,806 | 1.27% | $26.23M | 0.06% | Jun 30, 2026 |
| Federated Hermes MDT Small Cap Core Fund | 439,499 | 1.22% | $32.25M | 1.44% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 421,319 | 1.17% | $24.09M | 0.02% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 407,968 | 1.13% | $29.94M | 0.09% | Jul 31, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 337,595 | 0.94% | $19.30M | 0.11% | Jun 30, 2026 |
| Invenomic Fund | 273,074 | 0.76% | $20.04M | 2.34% | Jul 31, 2026 |
| Nomura Small Cap Core Fund | 259,359 | 0.72% | $14.72M | 0.27% | May 29, 2026 |
| Vanguard Tax-Managed Small-Cap Fund | 257,583 | 0.72% | $14.73M | 0.13% | Jun 30, 2026 |
| iShares Russell 2000 Growth ETF | 205,117 | 0.57% | $11.73M | 0.08% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Chadwick Collins | Chief Executive Officer, Director | 77,914 | 0.22% | Feb 24, 2026 |
| Preto Joseph Del | EXECUTIVE VP AND CFO | 141,707 | 0.39% | May 11, 2026 |
| Jamie Thingelstad | EVP, Chief Technology Officer | 96,276 | 0.27% | May 11, 2026 |
| Kimberly K. Nelson | EVP & CFO | 148,528 | 0.41% | Feb 24, 2026 |
| Eduardo Rosini | EVP, Chief Commercial Officer | 109,870 | 0.31% | Feb 24, 2026 |
| Dan Juckniess | EVP, Chief Sales Officer | 32,151 | 0.09% | Jun 27, 2025 |
| Fumbi F. Chima | Director | 7,187 | 0.02% | Jun 1, 2026 |
| Razat Gaurav | Director | 5,046 | 0.01% | Jun 1, 2026 |
| Marty M. Reaume | Director | 12,894 | 0.04% | Jun 1, 2026 |
| Philip Soran | Director | 25,913 | 0.07% | Jun 1, 2026 |
| Tami Reller | Director | 54,908 | 0.15% | Jun 1, 2026 |
| Mark Partin | Director | 6,221 | 0.02% | Jun 1, 2026 |
| Michael J. McConnell | Director | 7,187 | 0.02% | Jun 1, 2026 |
| Anne Sempowski Ward | Director | 7,870 | 0.02% | Jun 1, 2026 |
| Sven Wehrwein | Director | 17,522 | 0.05% | May 15, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Fumbi F. Chima Director | May 28, 2026 | Award | +3,736 | – | – | 7,187 |
| Anne Sempowski Ward Director | May 28, 2026 | Award | +3,736 | – | – | 7,870 |
| Razat Gaurav Director | May 28, 2026 | Award | +3,736 | – | – | 5,046 |
| Tami Reller Director | May 28, 2026 | Award | +3,736 | – | – | 54,908 |
| Mark Partin Director | May 28, 2026 | Award | +3,736 | – | – | 6,221 |
| Marty M. Reaume Director | May 28, 2026 | Award | +3,736 | – | – | 12,894 |
| Philip Soran Director | May 28, 2026 | Award | +3,736 | – | – | 25,913 |
| Michael J. McConnell Director | May 28, 2026 | Award | +3,736 | – | – | 7,187 |
| Jamie Thingelstad EVP, Chief Technology Officer | May 8, 2026 | Award | +39,433 | – | – | 95,777 |
| Marty M. Reaume Director | May 7, 2026 | Sale(10b5-1 plan) | −1,000 | $57.03 | $57.03K | 9,158 |
| Marty M. Reaume Director | May 7, 2026 | Option exercise | +1,000 | $51.80 | $51.80K | 10,158 |
| Preto Joseph Del EXECUTIVE VP AND CFO | May 7, 2026 | Award | +33,240 | – | – | 141,707 |
| Preto Joseph Del EXECUTIVE VP AND CFO | May 7, 2026 | Award | +108,467 | – | – | 108,467 |
| Marty M. Reaume Director | Apr 7, 2026 | Sale(10b5-1 plan) | −1,000 | $57.90 | $57.90K | 9,158 |
| Marty M. Reaume Director | Apr 7, 2026 | Option exercise | +1,000 | $51.80 | $51.80K | 10,158 |
| Tami Reller Director | Mar 13, 2026 | Option exercise | +5,732 | $51.80 | $296.92K | 51,172 |
| Marty M. Reaume Director | Mar 9, 2026 | Option exercise | +1,000 | $51.80 | $51.80K | 10,158 |
| Marty M. Reaume Director | Mar 9, 2026 | Sale(10b5-1 plan) | −1,000 | $62.73 | $62.73K | 9,158 |
| Jamie Thingelstad EVP, Chief Technology Officer | Feb 24, 2026 | Sale(10b5-1 plan) | −518 | $55.47 | $28.73K | 56,344 |
| Jamie Thingelstad EVP, Chief Technology Officer | Feb 24, 2026 | Sale(10b5-1 plan) | −1,900 | $54.80 | $104.12K | 56,862 |
| Kimberly K. Nelson EVP & CFO | Feb 20, 2026 | Sale(10b5-1 plan) | −3,700 | $58.09 | $214.93K | 148,052 |
| Kimberly K. Nelson EVP & CFO | Feb 20, 2026 | Sale(10b5-1 plan) | −1,200 | $59.19 | $71.03K | 146,852 |
| Kimberly K. Nelson EVP & CFO | Feb 20, 2026 | Sale(10b5-1 plan) | −1,400 | $59.70 | $83.58K | 145,452 |
| Kimberly K. Nelson EVP & CFO | Feb 20, 2026 | Award | +39,689 | – | – | 185,141 |
| Fumbi F. Chima Director | Feb 20, 2026 | Award | +3,451 | – | – | 3,451 |
| Chadwick Collins Chief Executive Officer, Director | Feb 20, 2026 | Sale(10b5-1 plan) | −7,776 | $58.09 | $451.71K | 77,849 |
| Chadwick Collins Chief Executive Officer, Director | Feb 20, 2026 | Award | +101,932 | – | – | 174,173 |
| Chadwick Collins Chief Executive Officer, Director | Feb 20, 2026 | Sale(10b5-1 plan) | −2,806 | $59.18 | $166.06K | 75,043 |
| Chadwick Collins Chief Executive Officer, Director | Feb 20, 2026 | Sale(10b5-1 plan) | −2,802 | $59.72 | $167.34K | 72,241 |
| Eduardo Rosini EVP, Chief Commercial Officer | Feb 20, 2026 | Award | +29,335 | – | – | 109,860 |
| Jamie Thingelstad EVP, Chief Technology Officer | Feb 20, 2026 | Award | +23,295 | – | – | 58,762 |
| Michael J. McConnell Director | Feb 20, 2026 | Award | +3,451 | – | – | 3,451 |
| Marty M. Reaume Director | Feb 9, 2026 | Sale(10b5-1 plan) | −1,000 | $79.92 | $79.92K | 9,158 |
| Marty M. Reaume Director | Feb 9, 2026 | Option exercise | +1,000 | $51.80 | $51.80K | 10,158 |
| Marty M. Reaume Director | Jan 7, 2026 | Sale(10b5-1 plan) | −400 | $91.40 | $36.56K | 10,490 |
| Marty M. Reaume Director | Jan 7, 2026 | Option exercise | +1,732 | $51.80 | $89.72K | 10,890 |
| Marty M. Reaume Director | Jan 7, 2026 | Sale(10b5-1 plan) | −1,332 | $92.52 | $123.24K | 9,158 |
| Eduardo Rosini EVP, Chief Commercial Officer | Dec 1, 2025 | Award | +80,525 | – | – | 80,525 |
| Philip Soran Director | Nov 18, 2025 | Tax withholding | −3,717 | $79.89 | $296.95K | 22,177 |
| Philip Soran Director | Nov 18, 2025 | Option exercise | +5,732 | $51.80 | $296.92K | 25,894 |
| Mark Partin Director | Nov 6, 2025 | Award | +2,485 | – | – | 2,485 |
| Jamie Thingelstad EVP, Chief Technology Officer | Nov 4, 2025 | Tax withholding | −6,621 | $82.53 | $546.43K | 35,467 |
| Jamie Thingelstad EVP, Chief Technology Officer | Nov 4, 2025 | Option exercise | +8,118 | $54.54 | $442.76K | 42,088 |
| Anne Sempowski Ward Director | May 13, 2025 | Award | +1,310 | – | – | 4,134 |
| Philip Soran Director | May 13, 2025 | Award | +1,310 | – | – | 20,162 |
| Sven Wehrwein Director | May 13, 2025 | Award | +1,310 | – | – | 17,522 |
| Razat Gaurav Director | May 13, 2025 | Award | +1,310 | – | – | 1,310 |
| Marty M. Reaume Director | May 13, 2025 | Award | +1,310 | – | – | 9,158 |
| Tami Reller Director | May 13, 2025 | Award | +1,310 | – | – | 45,440 |
| Tami Reller Director | Mar 26, 2025 | Option exercise | +6,570 | $37.22 | $244.54K | 44,130 |
| Kimberly K. Nelson EVP & CFO | Feb 26, 2025 | Sale(10b5-1 plan) | −495 | $137.03 | $67.83K | 154,101 |
| Kimberly K. Nelson EVP & CFO | Feb 26, 2025 | Sale(10b5-1 plan) | −1,254 | $139.34 | $174.73K | 151,752 |
| Kimberly K. Nelson EVP & CFO | Feb 26, 2025 | Sale(10b5-1 plan) | −2,646 | $136.29 | $360.62K | 154,596 |
| Kimberly K. Nelson EVP & CFO | Feb 26, 2025 | Sale(10b5-1 plan) | −1,095 | $138.33 | $151.47K | 153,006 |
| Jamie Thingelstad EVP, Chief Technology Officer | Feb 20, 2025 | Sale(10b5-1 plan) | −555 | $143.99 | $79.91K | 1,724,922 |
| Jamie Thingelstad EVP, Chief Technology Officer | Feb 20, 2025 | Sale(10b5-1 plan) | −185 | $145.20 | $26.86K | 1,724,737 |
| Kimberly K. Nelson EVP & CFO | Feb 20, 2025 | Sale(10b5-1 plan) | −856 | $144.01 | $123.27K | 2,442,112 |
| Kimberly K. Nelson EVP & CFO | Feb 20, 2025 | Sale(10b5-1 plan) | −100 | $145.58 | $14.56K | 2,441,512 |
| Kimberly K. Nelson EVP & CFO | Feb 20, 2025 | Sale(10b5-1 plan) | −500 | $144.54 | $72.27K | 2,441,612 |
| Chadwick Collins Chief Executive Officer, Director | Feb 20, 2025 | Sale(10b5-1 plan) | −1,062 | $143.92 | $152.84K | 5,269,044 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Nelson Kimberly Officer | Jun 2, 2026 | 32,808 | $1.96M | Jun 2, 2026 | Restricted Stock Units |
| Reaume Martha Director | May 7, 2026 | 1,000 | $55.87K | May 7, 2026 | Exercise of Stock Options |
| Reaume Martha Director | Apr 7, 2026 | 1,000 | $58.16K | Apr 7, 2026 | Exercise of Stock Options |
| Reaume Martha Director | Mar 9, 2026 | 1,000 | $63.72K | Mar 9, 2026 | Exercise of Stock Options |
| J. Thingelstad Jamie Officer | Feb 24, 2026 | 2,418 | $131.10K | Feb 24, 2026 | Restricted Stock Units |
| Nelson Kimberly Officer | Feb 20, 2026 | 6,300 | $367.61K | Feb 20, 2026 | Restricted Stock Units |
| Collins Chadwick Director, Officer | Feb 20, 2026 | 13,384 | $780.96K | Feb 20, 2026 | Restricted Stock Units |
| Reaume Martha Director | Feb 9, 2026 | 1,000 | $79.53K | Feb 9, 2026 | Exercise of Stock Options |
| Reaume Martha Director | Jan 7, 2026 | 1,732 | $158.43K | Jan 7, 2026 | Exercise of Stock Options |
| Ramsey James Former director | Jul 21, 2025 | 15,380 | $2.11M | Jul 21, 2025 | Exercise of options under a registered plan |
| Nelson Kimberly Officer | Feb 26, 2025 | 5,490 | $759.98K | Feb 26, 2025 | Restricted Stock Units |
| Collins Chadwick Director, Officer | Feb 20, 2025 | 1,672 | $245.25K | Feb 20, 2025 | Restricted Stock Units |
| Juckniess Daniel Officer | Feb 20, 2025 | 735 | $107.81K | Feb 20, 2025 | Restricted Stock Units |
| Thingelstad Jamie Officer | Feb 20, 2025 | 740 | $108.54K | Feb 20, 2025 | Restricted Stock Units |
| Nelson Kimberly Officer | Feb 20, 2025 | 1,456 | $213.57K | Feb 20, 2025 | Restricted Stock Units |