What is SPS Commerce's market cap?

SPS Commerce (SPSC) has a market capitalization of $2.5B and trades on NASDAQ.

What is SPS Commerce's revenue and profitability?

SPS Commerce generated $762.1M in trailing twelve-month revenue with net income of $90.9M, representing a net margin of 11.9%. Gross margin stands at 69.3%, with free cash flow of $166.9M. These figures are based on the Q1 2026 filing.

Who are SPS Commerce's competitors?

SPS Commerce's key competitors include OpenText, IBM, XBP Global Holdings, Inc. Common Stock, and others. These companies compete in similar markets and product categories.

Who does SPS Commerce partner with?

SPS Commerce's notable partners include Microsoft, NetSuite, Oracle, and others.

What subsidiaries does SPS Commerce have?

SPS Commerce's subsidiaries include Carbon6 Technologies Inc..

Where is SPS Commerce headquartered?

SPS Commerce is headquartered in United States of America and employs approximately 2,489 people. It has been publicly traded since 2010.

SPS Commerce

SPSC

SPS Commerce operates a leading global cloud-based supply chain network that facilitates seamless electronic data exchange between retailers, suppliers, and logistics providers.

Market cap

$2.51B-52.6%

Revenue$762.1M+13.8%

Net income$90.9M+11.9%

Free cash flow$166.9M+18.7%

EPS (diluted)$2.41+12.1%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

April 30, 2026

Revenue$192.1MMiss by $384.4K EPS$1.10Beat by $0.13

Read the full report

Next report

Jul 30, 2026 (Today)

Revenue estimate$195.5M

EPS estimate$1.08

Financials

Q1 2026

Income statement

See full

Revenue$192.1M+5.8%

Gross profit$132.9M+6.6%

Operating income$24.6M-5.4%

Net income$19.7M-11.1%

EPS (diluted)$0.53-8.6%

Balance sheet

See full

Cash & equivalents$154.3M+62.5%

Total debt$6.6M-46.0%

Total equity$962.2M+4.5%

Total assets$1.2B+4.7%

Cash flow

See full

Operating cash flow$55.6M+39.1%

CapEx$7.1M+16.1%

Free cash flow$48.5M+43.3%

Valuation & ratios

Valuation

See full

Market cap$2.51B-52.6%

Enterprise value$2.37B-54.7%

P/E27.7×-36.5×

P/S3.3×-4.3×

Profitability

See full

Gross margin69.3%+1.6pp

Operating margin15.3%+0.5pp

Net margin11.9%-0.2pp

FCF margin21.9%+0.9pp

Returns & leverage

See full

Return on equity9.7%-0.5pp

Debt / equity0×0.0×

Current ratio2.1×+0.5×

Segments

By product

See full

Fulfillment$164.3M+7.7%

Analytics$14.1M+3.1%

Other$6.1M+1.4%

Competitors

By market cap

International Business Machines$214.38B-12.3%

Affirm Holdings, Inc.$24.2B+10.6%

Ryder System$10.0B+36.3%

Open Text$6.0B-23.3%

SPS Commerce$2.5B-52.7%

XBP Europe Holdings, Inc.$42.7M-59.7%

SPAR Group$8.2M-69.2%

Upland Software$1.3M-98.1%

By revenue growth

Affirm Holdings, Inc.+32.1%

SPS Commerce+13.8%

Ryder System+1.1%

Open Text-0.2%

By net margin

International Business Machines15.61%—

SPS Commerce11.92%-0.2pp

Open Text9.91%-2.6pp

Affirm Holdings, Inc.9.63%+11.7pp

Ryder System3.87%-0.1pp

Profile

SPS Commerce operates a leading global cloud-based supply chain network that facilitates seamless electronic data exchange between retailers, suppliers, and logistics providers. The company's platform eliminates the need for complex point-to-point integrations by providing a shared infrastructure with embedded compliance logic and standardized protocols. Their core value proposition centers on enabling omnichannel commerce through automated fulfillment, data analytics, and trading partner relationship management.

Competitive position

A leading provider of cloud-based supply chain management with a significant network effect driven by over 100 consecutive quarters of revenue growth.

GeographiesNorth America, Europe, Asia Pacific

Customer segmentsRetail, Consumer Packaged Goods, Logistics and Distribution, Manufacturing

Business modelSubscription SaaS, B2B Network, Professional Services

SuppliersThird-party data center operators, Public cloud infrastructure providers, Hardware manufacturers, Software license providers

CustomersGlobal retailers, Consumer brands, Third-party logistics (3PL) firms, Wholesale distributors

CountryUnited States of America

Listed2010

Employees2.5K

CEOChadwick Collins

SectorTechnology

IndustrySoftware - Infrastructure

Websitespscommerce.com

FilingsSEC EDGAR

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Questions, answered.

What is SPS Commerce's market cap?: SPS Commerce (SPSC) has a market capitalization of $2.5B and trades on NASDAQ.
What is SPS Commerce's revenue and profitability?: SPS Commerce generated $762.1M in trailing twelve-month revenue with net income of $90.9M, representing a net margin of 11.9%. Gross margin stands at 69.3%, with free cash flow of $166.9M. These figures are based on the Q1 2026 filing.
Who are SPS Commerce's competitors?: SPS Commerce's key competitors include OpenText, IBM, XBP Global Holdings, Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does SPS Commerce partner with?: SPS Commerce's notable partners include Microsoft, NetSuite, Oracle, and others.
What subsidiaries does SPS Commerce have?: SPS Commerce's subsidiaries include Carbon6 Technologies Inc..
Where is SPS Commerce headquartered?: SPS Commerce is headquartered in United States of America and employs approximately 2,489 people. It has been publicly traded since 2010.