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SPS Commerce ( (SPSC) ) has shared an update.
On February 12, 2026, SPS Commerce reported strong fourth-quarter and full-year 2025 results, posting Q4 revenue of $192.7 million, up 13% year over year, and full-year revenue of $751.5 million, up 18%, with recurring revenue growing faster than overall sales and adjusted EBITDA rising 22% in Q4 and 24% for 2025. The company marked its 100th consecutive quarter of topline growth, expanded its share repurchase authorization to $300 million after buying back $115 million of stock in 2025, and issued 2026 guidance that calls for moderating 6%–7% revenue growth but double‑digit adjusted EBITDA expansion.
SPS Commerce also announced a leadership transition, with longtime CFO Kim Nelson retiring after nearly two decades and Joseph Del Preto, a veteran finance leader from Sprout Social, Groupon, and Echo Global Logistics, taking over as executive vice president and CFO effective March 16, 2026. The combination of solid profitability, continued investment in AI-enabled “agentic” capabilities, a larger buyback program, and a seasoned incoming finance chief underscores management’s confidence in the durability of the business model and is likely to be closely watched by investors and retail supply chain partners.
The most recent analyst rating on (SPSC) stock is a Hold with a $96.00 price target. To see the full list of analyst forecasts on SPS Commerce stock, see the SPSC Stock Forecast page.
Spark’s Take on SPSC Stock
According to Spark, TipRanks’ AI Analyst, SPSC is a Outperform.
SPS Commerce’s overall stock score is driven by its strong financial performance and strategic initiatives like the share buyback program. However, technical indicators and valuation suggest caution, with the stock appearing expensive and showing bearish trends. The earnings call provided a balanced view with strong growth metrics but highlighted challenges and cautious future guidance.
To see Spark’s full report on SPSC stock, click here.
More about SPS Commerce
SPS Commerce, Inc., based in Minneapolis, operates the world’s leading intelligent retail supply chain network, connecting more than 50,000 recurring-revenue customers across retail, grocery, distribution, supply, manufacturing, and logistics. The company provides cloud-based data integration, collaboration tools, and related services that help trading partners optimize supply chain operations and has achieved 100 consecutive quarters of revenue growth.
Average Trading Volume: 523,167
Technical Sentiment Signal: Sell
Current Market Cap: $2.82B
For detailed information about SPSC stock, go to TipRanks’ Stock Analysis page.