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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
$3.09B+0.8%
Revenue$780.2M+6.9%
Net income$83.1M-2.3%
Free cash flow$202.6M+36.6%
EPS (diluted)$2.26+0.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Date not yet announced

Financials

Q3 2026

Income statement

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Revenue$197.6M+4.1%
Gross profit$140.5M+6.5%
Operating income$39.9M+28.0%
Net income$30.7M+20.0%
EPS (diluted)$0.85+26.9%

Balance sheet

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Cash & equivalents$153.8M+15.0%
Total debt$6.6M-31.3%
Total equity$932.9M-2.7%
Total assets$1.1B-2.3%

Cash flow

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Operating cash flow$64.0M+5.6%
CapEx$5.5M-9.1%
Free cash flow$58.5M+7.2%

Valuation & ratios

Valuation

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Market cap$3.09B+0.8%
Enterprise value$2.94B-22.9%
P/E37.2×-9.1×
P/S4×-1.4×

Profitability

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Gross margin70.2%+1.8pp
Operating margin13.8%-1.1pp
Net margin10.7%-1.0pp
FCF margin26%+5.6pp

Returns & leverage

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Return on equity8.8%-0.7pp
Debt / equity0×0.0×
Current ratio2.3×+0.3×

Segments

By product

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Fulfillment$168.2M+4.0%
Decision Intelligence$14.4M—
Other$6.4M+5.9%

Competitors

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
Listed2010
Employees2.5K
CEOChadwick Collins
FilingsSEC EDGAR

FAQ

What is SPS Commerce's market cap?
SPS Commerce (SPSC) has a market capitalization of $3.1B and trades on NASDAQ.
What is SPS Commerce's revenue and profitability?
SPS Commerce generated $780.2M in trailing twelve-month revenue with net income of $83.1M, representing a net margin of 10.7%. Gross margin stands at 70.2%, with free cash flow of $202.6M. The latest reported period is Q3 2026.
Who are SPS Commerce's competitors?
SPS Commerce's key competitors include OpenText, IBM, Ryder System, Inc., 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.