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SPS Commerce Inc (SPSC) stock

SPSCNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 17/3028% below fair value
$82.85+1.93 (+2.39%)

Close on Nov 11, 2026Market cap $2.94BP/E 36.8Yield –

SPS Commerce Inc grew revenue 6.9% to $780.24M over the twelve months to Sep 30, 2026. Operating income fell 0.7% to $107.59M, moving the operating margin from 14.8% to 13.8%. Free cash flow was $202.64M, up 36.6% from a year earlier. At the latest close the market valued the company at $2.94B, 36.8 times its earnings.

Revenue
$780.24M
+6.9% vs. a year earlier
Operating income
$107.59M
-0.7% vs. a year earlier
Free cash flow
$202.64M
+36.6% vs. a year earlier
EPS, diluted
$2.25
+0.9% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$2.94B
P/E ratio
36.8
Price to sales
3.76
Price to book
3.15
Dividend yield
–
Free cash flow yield
6.90%

Fundamentals

Revenue
$780.24M
Net income
$83.12M
EPS, diluted
$2.25
Free cash flow
$202.64M
Book value per share
$25.76
Diluted shares
36M

Trading

Next earnings
Feb 11, 2027 (estimated, during market hours)
Previous close
$80.92
Open
$80.95
Day's range
$80.40 – $82.89
Volume
448,696
Average volume (20 days)
548,563
Index membership
S&P SmallCap 600, Russell 2000, Russell 3000
Beta (5 years)
1.17
52-week range
$49.04 – $96.54
RSI (14 days)
46.3
Volatility (1 year)
41.5%
Relative volume
0.82×
WACC
10.7%

On 2 of our idea lists: Quality compounders, Quality on sale

Index membership is inferred from the holdings of funds that track each index (SPSM, IJR, IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2010, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.

PeriodSPSCS&P 500DifferenceSPSC per yearS&P 500 per year
1 month-2.1%-2.4%+0.4 pts
3 months+10.6%-1.2%+11.7 pts
Year to date-7.0%+12.3%−19.3 pts
1 year+1.4%+12.4%−11.0 pts
3 years-51.1%+78.8%−129.9 pts-21.2%+21.4%
5 years-42.1%+75.2%−117.3 pts-10.4%+11.9%
10 years+151.9%+311.1%−159.2 pts+9.7%+15.2%

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$780.24M+6.9% YoY

Gross profit

$547.93M+9.7% YoY

Operating income

$107.59M-0.7% YoY

Net income

$83.12M-2.3% YoY

EPS, diluted

$2.25+0.9% YoY

Free cash flow

$202.64M+36.6% YoY
Reported periodTrailing twelve months

Press releases

Releases SPS Commerce filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About SPS Commerce

Services-Prepackaged Software

SPS Commerce, Inc. provides cloud-based supply chain management solutions that connect trading partners across omnichannel retail environments. The company operates a shared network enabling retailers, grocers, distributors, suppliers, manufacturers, and logistics firms to exchange electronic order and inventory data. Its core product suite includes Fulfillment for automated order processing, Analytics for sell-through data reporting, Assortment for item data management, and Relationship Management for supplier onboarding and compliance. Additionally, it offers professional services and revenue recovery solutions for online marketplace sellers.

Company profile, executives and history

SPS Commerce stock: common questions

What is SPS Commerce's stock price?

SPSC closed at $82.85 on Nov 11, 2026, up 2.39% on the day. Over the past 52 weeks it traded between $49.04 and $96.54.

What is SPS Commerce's market cap?

SPS Commerce was worth $2.94B at the close on Nov 11, 2026: the share price times the diluted shares outstanding.

What is SPSC's P/E ratio?

SPSC trades at 36.8 times earnings, based on diluted earnings per share of $2.25 over the twelve months to Sep 30, 2026.

How much revenue does SPS Commerce make?

SPS Commerce reported revenue of $780.24M for the twelve months to Sep 30, 2026, up 6.9% from a year earlier.

Does SPS Commerce pay a dividend?

No. SPS Commerce has not paid a cash dividend over the last twelve months.

When does SPS Commerce report earnings next?

SPS Commerce is expected to report Q4 FY2026 results on Feb 11, 2027, during market hours. The date is estimated from its past reporting pattern until the company confirms it.

How has SPSC stock performed over the past year?

Including dividends, SPSC returned +1.4% over the past year, against +12.4% for the S&P 500.

How many SPSC shares are sold short?

2M shares were sold short at the latest FINRA report, 7.11% of the float, or 4.8 days of average trading volume.

Who are SPS Commerce's competitors?

Companies most similar to SPS Commerce by business, industry and size include MANH, VERX, WK, QLYS, BL.

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