The earnings call presented a mix of positive growth metrics, such as revenue and customer increases, and challenges with the revenue recovery business and ongoing market uncertainties. Despite the solid growth figures, the outlook for Q4 and fiscal 2026 reflects caution, with expected slower growth due to several external factors.
Company Guidance
During the SPS Commerce Q3 2025 earnings call, the company reported a solid performance despite macroeconomic challenges. Revenue increased by 16% year-over-year to $189.9 million, with recurring revenue growing by 18%. The fulfillment business saw a 20% year-over-year growth, and the company added 450 net new customers. However, the revenue recovery business fell approximately $3 million short of expectations due to unexpected seasonality and changes in Amazon's inventory policy, which affected Q3 shipments. Looking ahead, SPS Commerce provided guidance for Q4 2025, expecting revenue between $192.7 million and $194.7 million, and adjusted EBITDA between $58.8 million and $60.8 million. For the full year, revenue is projected to range from $751.6 million to $753.6 million, with an adjusted EBITDA growth of 23% to 24% over 2024. The company also announced a new $100 million stock repurchase program effective December 1, 2025. Additionally, SPS Commerce anticipates achieving 7% to 8% revenue growth in 2026, accounting for ongoing challenges and delayed retail enablement campaigns.
Revenue Growth
Third quarter revenue grew 16% to $189.9 million, with recurring revenue increasing by 18% and the fulfillment business growing 20% year-over-year.
Customer Growth
Net increase of 450 customers in the third quarter, driven by strong retail relationship management programs.
Adjusted EBITDA Growth
Adjusted EBITDA increased 25% to $60.5 million compared to $48.4 million in Q3 of last year.
Share Repurchase Program
Repurchased $30 million of SPS shares and the Board of Directors authorized a new program to repurchase up to $100 million of common stock.
Leadership Transition
Eduardo Rosini appointed as Chief Commercial Officer starting December 1, bringing over 30 years of experience.
SPS Commerce (SPSC) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SPSC Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 30, 2025
$103.89
$82.24
-20.84%
Jul 30, 2025
$139.56
$108.86
-22.00%
Apr 24, 2025
$139.03
$137.81
-0.88%
Feb 10, 2025
$177.17
$152.72
-13.80%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Sps Commerce (SPSC) report earnings?
Sps Commerce (SPSC) is schdueled to report earning on Feb 05, 2026, After Close (Confirmed).
What is Sps Commerce (SPSC) earnings time?
Sps Commerce (SPSC) earnings time is at Feb 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.