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NASDAQ · Software - Application · USD

SPS Commerce, Inc. (SPSC) Stock Analysis

SPS Commerce, Inc. (SPSC) is a Software - Application stock listed on NASDAQ and quoted in US Dollar.

SPSC

$83.00

−$1.21 (−1.44%)

Sep 4, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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SPSC Key Statistics

As of Sep 4, 2026
Trading
Open
$83.12
Previous Close
$84.21
Day's Range
80.87–83.69
52-Week Range
49.04–114.87
Volume
417.30K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.51
Valuation
Market Cap
$2.99B
P/E Ratio
39.90
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
15.59
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
4.55
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
3.87
EPS (ttm)Profit attributable to each share over the last twelve months.
2.08
Financials (FY)
Revenue (FY)
$751.51M+17.83%
Net Income (FY)
$93.34M+21.13%
Profit marginThe share of revenue left as profit after all costs and taxes.
10.10%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
36.00M
1-Year Return
−24.10%
Dividend and dates
Earnings Date
October 29, 2026
Avg Volume
634.98K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

SPSC Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)−6.88%
2025−51.56%
2024−5.08%
2023+50.93%
2022−9.78%
2021+31.09%
2020+95.94%
2019+34.55%
2018+69.54%
2017−30.48%
2016 (partial year)+7.59%

As of September 4, 2026.

SPSC Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$751.51M$93.34M12.4%
2024$637.77M$77.05M12.1%
2023$536.91M$65.82M12.3%
2022$450.88M$55.13M12.2%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$751.51M$519.88M$118.30M$93.34M12.4%
2024$637.77M$427.05M$88.88M$77.05M12.1%
2023$536.91M$354.84M$77.25M$65.82M12.3%
2022$450.88M$297.81M$71.18M$55.13M12.2%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

SPSC Valuation vs Software - Application Median

Median of 258 stocks
MetricSPSCSoftware - Application medianvs median
P/E39.9027.2047% above
P/S ratio3.872.8237% above
Profit margin10.10%0.00%10.1 pts above

Medians across 258 Software - Application stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

All 11 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

SPS Commerce, Inc. (SPSC) is capitalised at $2.99B on the latest close. The company sits in the Technology sector, in the Software - Application industry. Headcount on file is 2,948.

Over the past 52 weeks the price has ranged from $49.04 to $114.87. The most recent close on file for SPSC is $83.00, dated September 4, 2026. That is −$1.21 (−1.44%) against the previous close. The latest close sits 69.25% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of $751.51M. That is +17.83% against the prior fiscal year, when revenue was $637.77M. Net income for the same year was $93.34M. That is +21.13% against the prior fiscal year. The reported profit margin is 10.1%. That is 10.1 percentage points above the Software - Application median of 0%. Earnings per share on a trailing basis come to 2.08.

Across the 4 fiscal years on file, revenue moves from $450.88M in 2022 to $751.51M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 39.9. That is 46.69% above the Software - Application median of 27.2. The forward P/E on file is 15.59. The PEG ratio, which sets the P/E against expected earnings growth, reads 4.55. Measured against sales, the shares trade at 3.87 times revenue. On price-to-sales that is 37.3% above the Software - Application median of 2.82. 258 Software - Application companies report these metrics, and the medians quoted come from that group.

Beta against the wider market is reported at 0.51. Annualized volatility over the trailing 10 years is 37.95%. The trailing one-year price return is −24.10%. Across 10 years the annualized return works out at +9.38%.

Growth & Income

No dividend is on file for SPSC.

So far in 2026 the price is −6.88%. Across the complete calendar years on file, 2020 returned +95.94% and 2025 returned −51.56%. Of the 9 complete calendar years on file, 5 finished higher.

Peer Comparison

SPS Commerce, Inc. (SPSC) operates in the Software - Application industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
SPS Commerce, Inc. SPSC $2.99B 39.9
SAP SE SAP $248.28B 28.0
Salesforce, Inc. CRM $213.35B 24.2
Shopify Inc. SHOP $188.28B 98.0

The Software - Application industry average P/E ratio is 27.2x. SPS Commerce, Inc. trades at a P/E of 39.9.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About SPS Commerce, Inc.

SPS Commerce, Inc. provides cloud-based supply chain management solutions in the United States. It offers solutions through SPS Commerce, a cloud-based platform that connects retailers, brands, distributors, manufacturers, and logistics providers, handling the complexity of modern commerce operations. The company also provides Fulfillment, a comprehensive solution designed to streamline supply chain operation that sends and receives order data, ensuring accurate execution of required processes from order to invoicing and revenue recovery through fully automated operations; and Analytics product that simplifies managing sell-through data from customers business partners that handle data acquisition, cleansing, normalization, and delivery. In addition, it offers various complimentary products, such as assortment product, which simplifies the communication of robust, accurate item data by automatically translating item attributes, and hierarchies through single connection across all sales channels; and relationship management product that allows organizations to accelerate digitization of their supply chain and improve collaboration with suppliers through change management, onboarding programs, and supplier score carding. The company was formerly known as St. Paul Software, Inc. and changed its name to SPS Commerce, Inc. in May 2001. SPS Commerce, Inc. was incorporated in 1987 and is headquartered in Minneapolis, Minnesota.

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