The earnings call presented a strong performance for SPS Commerce with consistent revenue and EBITDA growth. However, challenges related to macroeconomic uncertainties and supplier spending scrutiny pose potential risks to future growth. Despite these challenges, the company remains optimistic about its growth potential and strategic positioning in the market.

Company Guidance

During the SPS Commerce 2025 Earnings Conference Call, guidance for the third quarter of 2025 included expectations for revenue to be in the range of $191.7 million to $193.2 million, representing a year-over-year growth of approximately 17% to 18%. The company projected adjusted EBITDA between $57.9 million and $59.9 million, with fully diluted earnings per share expected to be between $0.50 and $0.54. The non-GAAP diluted income per share was anticipated to range from $0.96 to $1. For the full year 2025, SPS Commerce expected revenue between $759 million and $763 million, translating to a 19% to 20% increase over 2024. Adjusted EBITDA for the year was forecasted to be $230.7 million to $233.7 million, marking a growth of 24% to 25% over the previous year. The guidance for fully diluted earnings per share was set between $2.17 and $2.22, while non-GAAP diluted income per share was projected to be between $3.99 and $4.04. The company also outlined a medium-term expectation of at least high single-digit revenue growth beyond 2025, excluding acquisitions, and anticipated annual adjusted EBITDA margin expansion by 2 percentage points, driven by improvements in gross margin and operating efficiencies.

Strong Revenue Growth

SPS Commerce delivered a strong second quarter with revenue growing 22% to $187.4 million. Recurring revenue grew 24% year-over-year.

Consistent Revenue Growth

This quarter marked the 98th consecutive quarter of revenue growth for SPS Commerce.

Trader Joe's Partnership

Trader Joe's partnered with SPS to achieve 100% vendor compliance, showcasing the effectiveness of SPS's solutions in improving supply chain efficiency.

Improved Financial Metrics

Adjusted EBITDA increased 27% to $56.1 million compared to $44.2 million in the prior year. The company ended the quarter with $108 million in cash and investments.

Positive Guidance for Future Growth

For the full year 2025, SPS expects revenue growth of 19% to 20%, adjusted EBITDA growth of 24% to 25%, and plans for continued acquisitive growth to enhance market leadership.

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

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SPSC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	1.00 / -	0.92	―	―	―
Jul 30, 2025	2025 (Q2)	0.91 / 1.00	0.8	25.00% (+0.20)
Apr 24, 2025	2025 (Q1)	0.85 / 1.00	0.86	16.28% (+0.14)
Feb 10, 2025	2024 (Q4)	0.87 / 0.89	0.75	18.67% (+0.14)
Oct 24, 2024	2024 (Q3)	0.83 / 0.92	0.75	22.67% (+0.17)
Jul 25, 2024	2024 (Q2)	0.77 / 0.80	0.69	15.94% (+0.11)
Apr 25, 2024	2024 (Q1)	0.73 / 0.86	0.67	28.36% (+0.19)
Feb 08, 2024	2023 (Q4)	0.70 / 0.75	0.63	19.05% (+0.12)
Oct 26, 2023	2023 (Q3)	0.67 / 0.75	0.63	19.05% (+0.12)
Jul 27, 2023	2023 (Q2)	0.63 / 0.69	0.53	30.19% (+0.16)	―

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
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%
Oct 24, 2024	$190.98	$170.49	-10.73%

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 Oct 23, 2025, After Close (Confirmed).

What is Sps Commerce (SPSC) earnings time?

Sps Commerce (SPSC) earnings time is at Oct 23, 2025, 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.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SPSC EPS forecast?

SPSC EPS forecast for the fiscal quarter 2025 (Q3) is 1.

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