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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.

Last Updated: October 21, 2026

SPSC

$89.38

+$1.39 (+1.58%)

Oct 21, 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 Oct 21, 2026
Trading
Open
$87.81
Previous Close
$87.99
Day's Range
86.74–90.09
52-Week Range
49.04–114.87
Volume
383.89K
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.
0.62
Valuation
Market Cap
$3.22B
P/E Ratio
43.18
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
16.78
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.
4.17
EPS (ttm)Profit attributable to each share over the last twelve months.
2.07
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
−20.93%
Dividend and dates
Earnings Date
October 29, 2026
Avg Volume
539.95K

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

Key facts

As of October 21, 2026, SPSC closed at $89.38, −20.93% over 1 year.

SPS Commerce, Inc. (SPSC) has a market capitalization of $3.22B.

In fiscal 2025, SPSC reported revenue of $751.51M.

SPSC Stock Return by Calendar Year

SPS Commerce, Inc. (SPSC) 10-year return: what $10,000 became

1 year
$10,000 $7,907
−20.93%
5 years
$10,000 $5,458
−45.42%
10 years
$10,000 $25,713
+157.13%

If you had invested $10,000 in SPS Commerce, Inc. (SPSC) 10 years ago, at the close on October 21, 2016, it would have been worth $25,713 at the close on October 21, 2026: +157.13% in total, +9.90% a year. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

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

YearReturn
2026 (partial year)+0.28%
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 October 21, 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 240 stocks
MetricSPSCSoftware - Application medianvs median
P/E43.1829.7945% above
P/S ratio4.172.8347% above
Profit margin10.10%0.82%9.3 pts above

Medians across 240 Software - Application stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 18 articles ↓

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

Analysis

Data-derived

Company Overview

SPS Commerce, Inc. (SPSC) is capitalised at $3.22B 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 $89.38, dated October 21, 2026. That is +$1.39 (+1.58%) against the previous close. The latest close sits 82.26% 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 9.3 percentage points above the Software - Application median of 0.82%. Earnings per share on a trailing basis come to 2.07.

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 43.18. That is 44.95% above the Software - Application median of 29.79. The forward P/E on file is 16.78. The PEG ratio, which sets the P/E against expected earnings growth, reads 4.55. Measured against sales, the shares trade at 4.17 times revenue. On price-to-sales that is 47.39% above the Software - Application median of 2.83. 240 Software - Application companies report these metrics, and the medians quoted come from that group.

Beta against the wider market is reported at 0.62. Annualized volatility over the trailing 10 years is 38.03%. The trailing one-year total return is −20.93%. Across 10 years the annualized return works out at +9.90%.

Growth & Income

No dividend is on file for SPSC.

So far in 2026 the total return is +0.28%. 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 $3.22B 43.2
SAP SE SAP $268.62B 29.9
Shopify Inc. SHOP $226.17B 117.8
Salesforce, Inc. CRM $198.98B 22.1

The Software - Application industry average P/E ratio is 29.8x. SPS Commerce, Inc. trades at a P/E of 43.2.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 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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