What is SPS Commerce's earnings yield?

SPS Commerce (SPSC) reported earnings yield of 4.4% in Q1 2026.

How has SPS Commerce's earnings yield changed year-over-year?

SPS Commerce's earnings yield increased by 171.2% year-over-year, from 1.6% to 4.4%.

What is the long-term trend for SPS Commerce's earnings yield?

Over 5 years (2020 to 2025), SPS Commerce's earnings yield has grown at a 18.8% compound annual growth rate (CAGR), from 1.2% to 2.8%.

What does earnings yield mean?

Trailing-twelve-month net income divided by market capitalization at the quarter end — the inverse of the P/E ratio, expressed as a percentage.

SPS Commerce SPSC Earnings yield

Earnings yield at other companies

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4.7%+2.4pp

Open TextOTEX

9.3%-0.6pp

SalesforceCRM

5.6%+3.1pp

Ryder SystemR

6.2%-2.2pp

Affirm Holdings, Inc.AFRM

2.5%+2.2pp

Symbotic Inc.SYM

-0.1%0.0pp

Other financials

Income statement

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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

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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

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Operating cash flow$55.6M+39.1%

CapEx$7.1M+16.1%

Free cash flow$48.5M+43.3%

Valuation

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Market cap$2.01B-58.8%

Enterprise value$1.86B-61.1%

P/E22.1×-37.9×

P/S2.6×-4.6×

Profitability

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Gross margin69.3%+1.6pp

Operating margin15.3%+0.5pp

Net margin11.9%-0.2pp

FCF margin21.9%+0.9pp

Returns & leverage

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Return on equity9.7%-0.5pp

Debt / equity0×0.0×

Current ratio2.1×+0.5×

Where this comes from

Calculated from SPS Commerce’s reported figures.

net income/market cap=4.4%

Based on trailing twelve months.

The official record: SPS Commerce’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SPS Commerce's earnings yield?: SPS Commerce (SPSC) reported earnings yield of 4.4% in Q1 2026.
How has SPS Commerce's earnings yield changed year-over-year?: SPS Commerce's earnings yield increased by 171.2% year-over-year, from 1.6% to 4.4%.
What is the long-term trend for SPS Commerce's earnings yield?: Over 5 years (2020 to 2025), SPS Commerce's earnings yield has grown at a 18.8% compound annual growth rate (CAGR), from 1.2% to 2.8%.
What does earnings yield mean?: Trailing-twelve-month net income divided by market capitalization at the quarter end — the inverse of the P/E ratio, expressed as a percentage.