SPS Commerce (SPSC)
NASDAQ:SPSC
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SPSC Stock Chart & Stats
$57.62
-$0.29(-0.16%)
At close: 4:00 PM EST
$57.62
-$0.29(-0.16%)
Day’s Range― - ―
52-Week Range$49.04 - $143.55
Previous CloseN/A
Volume23.88K
Average Volume (3M)602.50K
Market Cap
$2.16B
Enterprise Value$1.79B
Total Cash (Recent Filing)$154.27M
Total Debt (Recent Filing)$6.62M
Price to Earnings (P/E)24.4
Beta1.00
Next Earnings
Jul 23, 2026EPS Estimate
1.08Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)2.41
Shares Outstanding36,712,704
10 Day Avg. Volume611,572
30 Day Avg. Volume602,505
Financial Highlights & Ratios
PEG Ratio1.92
Price to Book (P/B)3.47
Price to Sales (P/S)4.49
P/FCF Ratio22.17
Enterprise Value/Market Cap0.83
Enterprise Value/Revenue2.35
Enterprise Value/Gross Profit3.52
Enterprise Value/Ebitda9.87
Forecast
1Y Price Target
$70.50Price Target Upside22.35% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)4.72
Revenue Forecast (FY)$798.38M
Bulls Say, Bears Say
Bulls Say
Recurring Subscription Revenue & Large Customer BaseA subscription-driven model with ~54,200 recurring customers and healthy ARPU provides predictable, contractually-linked revenue and strong retention potential. The scale and recurring fees support durable cash flows, enable cross-sell of complementary services, and enhance multi-quarter revenue visibility.
Conservative Balance Sheet And Low LeverageExtremely low leverage and a growing equity base give SPS substantial financial flexibility. This conservative position supports continued product investment, opportunistic buybacks, or acquisitions without relying on external debt, helping the company withstand macro volatility over the medium term.
Strong Cash Generation And Cash ConversionOperating cash flow above net income and consistent free cash flow conversion demonstrate high earnings quality and durable cash generation. Reliable FCF funds R&D, AI rollout and buybacks while reducing reliance on external financing across multiple quarters.
Bears Say
Amazon-related Policy HeadwindsSPS has material exposure to Amazon 3P recovery workflows; policy shifts have structurally reduced recoverable revenue. This concentration risk impairs growth visibility and can depress a specific revenue stream for multiple quarters, since recovery depends on external platform policy rather than SPS execution.
3P Customer-count Declines And Fee-driven Churn RiskRolling out a $19.99/month fee for small 3P suppliers trades short-term monetization for customer breadth. Management warns the fee could cut up to ~4,000 suppliers, weakening network effects, reducing onboarding leverage and diminishing long-term cross-sell opportunities if churn concentrates among monetizable cohorts.
Margin Step-down And Operating-leverage PressureA step-down in EBIT/EBITDA margins versus 2025 signals either higher operating costs or investment cadence that is eroding near-term operating leverage. If margins don’t re-expand, sustainable profit conversion and return-on-equity gains could be limited over the coming quarters despite revenue growth.
SPS Commerce News
SPSC FAQ
What was SPS Commerce’s price range in the past 12 months?
SPS Commerce lowest stock price was $49.04 and its highest was $143.55 in the past 12 months.
What is SPS Commerce’s market cap?
SPS Commerce’s market cap is $2.16B.
When is SPS Commerce’s upcoming earnings report date?
SPS Commerce’s upcoming earnings report date is Jul 23, 2026 which is in 25 days.
How were SPS Commerce’s earnings last quarter?
SPS Commerce released its earnings results on Apr 30, 2026. The company reported $1.1 earnings per share for the quarter, beating the consensus estimate of $1.022 by $0.078.
Is SPS Commerce overvalued?
According to Wall Street analysts SPS Commerce’s price is currently Undervalued.
Does SPS Commerce pay dividends?
SPS Commerce does not currently pay dividends.
What is SPS Commerce’s EPS estimate?
SPS Commerce’s EPS estimate is 1.08.
How many shares outstanding does SPS Commerce have?
SPS Commerce has 36,712,704 shares outstanding.
What happened to SPS Commerce’s price movement after its last earnings report?
SPS Commerce reported an EPS of $1.1 in its last earnings report, beating expectations of $1.022. Following the earnings report the stock price went up 4.989%.
Which hedge fund is a major shareholder of SPS Commerce?
Currently, no hedge funds are holding shares in SPSC
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
SPS Commerce Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$70.50 (22.35% Upside)
$70.50 (22.35% Upside)
Blogger Sentiment
Bullish
SPSC Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 517.8K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.2%
Last 30 Days ▼ 3.7%
Last 30 Days ▼ 3.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-56.09%
12-Months-Change
Fundamentals
Return on Equity
9.45%
Trailing 12-Months
Asset Growth
4.70%
Trailing 12-Months
Company Description
SPS Commerce
SPS Commerce, Inc. delivers comprehensive, cloud-based solutions for supply chain management across the globe. The company's central offering is its "SPS Commerce" platform, an advanced system that enhances operations for retailers, suppliers, grocers, distributors, and logistics firms. This platform allows these businesses to streamline the management and fulfillment of omnichannel orders, boost sell-through efficiency, and automate the creation of new trading partnerships. Key components include the Fulfillment solution, which automates order processing and can either replace or augment a client's existing staff and electronic communication systems. It simplifies adherence to retailer-specific rules, facilitates seamless digital data exchange with numerous trading partners using various protocols, and provides greater transparency into an order's journey. Additionally, the Analytics solution features data analysis applications that empower clients with deeper insights throughout their supply chains. SPS Commerce also offers complementary products like an assortment tool for accurate order management and rapid fulfillment, and a community product designed to expedite vendor onboarding and ensure trading partner compliance with evolving supply chain demands. The company, initially incorporated in 1987 as St. Paul Software, Inc., adopted its current name, SPS Commerce, Inc., in May 2001. It is headquartered in Minneapolis, Minnesota.
SPSC Company Deck
SPSC Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call presents a constructive long-term narrative driven by recurring revenue growth, strong adjusted EBITDA, cash generation and active buybacks, accelerating product velocity and promising early results from the MAX AI beta (400 customers, tangible ROI examples). However, material near-term headwinds tied to Amazon policy changes and an upcoming subscription fee for small 3P customers create customer-count churn risk and moderate near-term growth (Q2 guidance ~4% YoY), offsetting some optimism. Management expects the Amazon-specific pressure to trough by late 2026 with reacceleration thereafter and is emphasizing AI-driven efficiency and cross-sell to sustain mid/long-term high-single-digit growth (excluding Amazon). Overall, positives (product momentum, margin initiatives, buybacks and guidance for full-year growth and EBITDA expansion) modestly outweigh the identifiable near-term Amazon-related risks.View all SPSC earnings summariesSPSC Stock 12 Month Forecast
Average Price Target
$70.50
▲(22.35% Upside)
Technical Analysis
Ownership Overview
2.27% Insiders
31.86% Mutual Funds
21.11% Other Institutional Investors
14.29% Public Companies and
Individual Investors