Company Overview
SPS Commerce, Inc. provides cloud-based supply chain management solutions in the United States. It offers solutions through SPS Commerce, a cloud-based platform that connects retailers, brands, distributors, manufacturers, and logistics providers, handling the complexity of modern commerce operations. The company also provides Fulfillment, a comprehensive solution designed to streamline supply chain operation that sends and receives order data, ensuring accurate execution of required processes from order to invoicing and revenue recovery through fully automated operations; and Analytics product that simplifies managing sell-through data from customers business partners that handle data acquisition, cleansing, normalization, and delivery. In addition, it offers various complimentary products, such as assortment product, which simplifies the communication of robust, accurate item data by automatically translating item attributes, and hierarchies through single connection across all sales channels; and relationship management product that allows organizations to accelerate digitization of their supply chain and improve collaboration with suppliers through change management, onboarding programs, and supplier score carding. The company was formerly known as St. Paul Software, Inc. and changed its name to SPS Commerce, Inc. in May 2001. SPS Commerce, Inc. was incorporated in 1987 and is headquartered in Minneapolis, Minnesota.
Why Investors Should Care
Net profit has compounded at 31.5% per year over the last five years.
Revenue has grown at a 20.6% CAGR over the past five years.
Trades at a P/E of 26.3, below the sector median of 36.0.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $751.50M (+17.8% YoY); net profit $93.34M.
- Trailing 12 Months Year-on-year growth — revenue +5.8%, earnings -9.0%.
- 5-Year Trend Long-term compounding — revenue CAGR 20.6%, profit CAGR 31.5%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 20.56% |
| 1 Year: | 5.80% |
Compounded Profit Growth
| 5 Years: | 31.54% |
| 1 Year: | -9.00% |
Stock Price Performance
| 1 Year: | -55.07% |
| 6 Months: | -33.01% |
| 3 Months: | +19.37% |
| 1 Month: | +15.26% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMABelow
- RSI (14)68.94 · Neutral
P/E of 26.27 is below the sector median of 36.02 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 20.6% over 5 years.
- Profit CAGR of 31.5% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 55.6% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SPSC SPS Commerce, Inc. R2K | 63.30 | 26.27 | $2.32B | 0.00% | 11.65% | 9.65% | 20.56% | 31.54% |
| 2 | NVDA NVIDIA Corporation NDXSPXAI | 211.80 | 32.43 | $5.13T | 0.49% | 74.66% | 114.29% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPX | 314.86 | 38.07 | $4.62T | 0.37% | 68.72% | 141.47% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXAI | 384.93 | 22.91 | $2.86T | 0.93% | 26.90% | 34.01% | 9.48% | 10.85% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AI | 420.39 | 36.18 | $2.18T | 0.90% | 30.20% | 36.21% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXAI | 389.11 | 64.85 | $1.85T | 0.68% | 16.70% | 37.28% | 24.38% | 26.24% |
| 7 | MU Micron Technology, Inc. NDXSPXAI | 983.12 | 46.37 | $1.11T | 0.06% | 13.69% | 39.82% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXAI | 548.13 | 181.50 | $893.78B | 0.00% | 6.33% | 8.06% | 13.64% | 48.64% |
| 9 | ASML ASML Holding N.V. NDXAI | 1,775.64 | 59.55 | $684.36B | 0.47% | 42.97% | 52.24% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | 51.88M | 54.09M | 56.06M | 58.06M | 59.09M | 61.09M | 62.87M | 65.19M | 66.93M | 68.53M | 70.93M | 72.73M | 74.19M | 75.57M | 79.56M | 90.09M | 94.54M | 97.89M | 105.19M | 109.18M | 114.49M | 125.87M | 130.42M | 135.66M | 149.58M | 153.60M | 163.69M | 181.55M | 187.40M | 189.90M | 192.12M |
| Gross Profit | 24.26M | 25.40M | 26.51M | 27.65M | 28.91M | 30.72M | 31.38M | 33.11M | 33.74M | 34.55M | 35.90M | 37.41M | 38.60M | 39.33M | 40.69M | 42.46M | 44.01M | 45.57M | 44.83M | 47.66M | 48.82M | 50.65M | 51.25M | 54.51M | 60.12M | 62.81M | 63.54M | 69.80M | 71.65M | 75.88M | 82.90M | 85.87M | 90.14M | 98.09M | 101.58M | 112.06M | 124.64M | 127.57M | 131.97M | 132.90M |
| Operating Income | 1.42M | 922.00K | 1.03M | 2.26M | 2.81M | 1.31M | 880.00K | 2.67M | 2.65M | 3.38M | 2.96M | 3.35M | 292.00K | 4.30M | 5.96M | 8.26M | 8.21M | 7.38M | 9.33M | 10.93M | 10.76M | 11.54M | 11.11M | 13.95M | 12.66M | 13.53M | 13.52M | 16.51M | 15.97M | 19.69M | 16.73M | 17.03M | 20.60M | 15.40M | 23.16M | 25.57M | 25.96M | 26.47M | 31.19M | 24.56M |
| Net Income | 854.00K | 586.00K | 651.00K | 1.27M | 2.13M | 1.04M | 352.00K | 2.51M | 1.80M | 2.98M | 1.97M | 2.18M | -6.78M | 3.25M | 5.42M | 8.06M | 7.14M | 6.81M | 8.80M | 8.94M | 9.16M | 9.52M | 11.19M | 11.41M | 10.20M | 10.18M | 11.45M | 12.60M | 10.75M | 15.86M | 15.29M | 14.68M | 16.84M | 18.00M | 18.03M | 23.46M | 22.20M | 19.73M | 25.57M | 19.73M |
| Diluted EPS | 0.05 | 0.03 | 0.04 | 0.07 | 0.12 | 0.06 | 0.02 | 0.14 | 0.10 | 0.17 | 0.11 | 0.13 | -0.39 | 0.09 | 0.15 | 0.23 | 0.21 | 0.19 | 0.24 | 0.25 | 0.25 | 0.26 | 0.31 | 0.31 | 0.28 | 0.28 | 0.31 | 0.34 | 0.29 | 0.43 | 0.41 | 0.39 | 0.45 | 0.48 | 0.48 | 0.62 | 0.58 | 0.52 | 0.67 | 0.53 |
| R&D Expense | - | 4.07M | 4.50M | 4.49M | - | 5.07M | 5.54M | 5.57M | - | 5.11M | 5.37M | 6.55M | - | 5.13M | 5.29M | 5.15M | - | 6.19M | 6.51M | 7.74M | - | 7.57M | 7.47M | 8.05M | 8.71M | 8.90M | 10.85M | 10.70M | 11.43M | 11.13M | 12.56M | 13.32M | 13.56M | 16.01M | 14.37M | 15.29M | 17.44M | 17.27M | 17.28M | 17.92M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 37.75M | 44.60M | 57.97M | 77.11M | 104.39M | 127.95M | 158.52M | 193.15M | 220.09M | 248.24M | 279.12M | 312.63M | 385.28M | 450.88M | 536.91M | 637.76M | 751.50M |
| Gross Profit | 26.03M | 31.97M | 42.60M | 55.07M | 72.61M | 87.96M | 108.47M | 128.81M | 146.46M | 166.49M | 186.88M | 212.79M | 253.60M | 297.81M | 354.84M | 427.05M | 519.88M |
| Operating Income | 1.88M | 3.04M | 1.14M | 1.57M | 1.77M | 4.38M | 7.02M | 6.38M | 9.98M | 26.73M | 38.41M | 50.16M | 55.09M | 71.18M | 77.25M | 88.88M | 118.30M |
| Net Income | 1.16M | 2.88M | 13.70M | 1.22M | 1.05M | 2.70M | 4.64M | 4.96M | 351.00K | 23.87M | 33.71M | 45.59M | 44.60M | 55.13M | 65.82M | 77.05M | 93.34M |
| Diluted EPS | 0.13 | 0.25 | 1.08 | 0.09 | 0.07 | 0.16 | 0.27 | 0.29 | 0.01 | 0.68 | 0.94 | 1.26 | 1.21 | 1.49 | 1.76 | 2.04 | 2.46 |
| R&D Expense | 4.30M | 4.35M | 5.84M | 8.17M | 10.87M | 13.49M | 17.95M | 21.98M | 23.18M | 22.09M | 28.30M | 31.02M | 39.04M | 45.75M | 53.65M | 62.81M | 68.68M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 57.88M | 77.62M | 159.20M | 223.33M | 243.78M | 261.73M | 298.37M | 339.74M | 386.12M | 447.44M | 526.46M | 615.85M | 672.91M | 823.84M | 1.03B | 1.17B |
| Total Equity | -61.84M | -60.47M | 43.51M | 59.55M | 134.82M | 192.77M | 205.09M | 231.43M | 257.77M | 288.11M | 318.97M | 354.88M | 420.72M | 484.26M | 537.07M | 667.48M | 854.69M | 973.89M |
| Cash & Equivalents | 3.71M | 5.93M | 40.47M | 31.98M | 66.05M | 131.29M | 130.79M | 121.54M | 115.88M | 123.13M | 133.86M | 179.25M | 149.69M | 207.55M | 162.89M | 219.08M | 241.02M | 151.35M |
| Total Liabilities | - | - | 14.37M | 18.07M | 24.38M | 30.56M | 38.68M | 39.55M | 49.10M | 51.63M | 67.15M | 92.56M | 105.74M | 131.59M | 135.84M | 156.37M | 176.54M | 195.97M |
| Current Liabilities | - | - | 9.09M | 11.47M | 14.47M | 18.91M | 24.56M | 24.23M | 32.16M | 43.95M | 56.52M | 68.03M | 80.13M | 102.87M | 110.64M | 130.67M | 146.68M | 154.35M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 5.16M | 4.92M | 4.49M | 6.83M | 18.24M | - | - | 18.77M | 31.05M | 55.02M | 71.79M | 88.56M | 112.89M | 100.05M | 132.30M | 157.40M | 178.79M |
| Investing Cash Flow | -1.00M | -1.77M | -13.43M | -32.24M | -5.70M | - | - | -34.16M | -22.62M | -40.47M | -14.31M | -120.47M | -46.70M | -112.79M | -92.64M | -110.45M | -169.15M |
| Financing Cash Flow | -1.94M | 31.39M | 452.00K | 59.48M | 52.70M | - | - | 10.11M | -2.47M | -3.77M | -12.14M | 2.33M | -8.36M | -31.63M | 15.97M | -23.03M | -100.83M |
| Capital Expenditure | -1.00M | -1.77M | -2.58M | -5.98M | -5.70M | -7.58M | -8.76M | -8.01M | -7.27M | -13.75M | -13.59M | -16.47M | -19.59M | -19.88M | -19.76M | -20.05M | -26.52M |
| Free Cash Flow | 4.16M | 3.15M | 1.90M | 846.00K | 12.54M | - | - | 10.76M | 23.78M | 41.27M | 58.21M | 72.09M | 93.31M | 80.17M | 112.54M | 137.35M | 152.27M |
| Share Buybacks | - | - | - | - | - | - | - | - | 5.82M | 19.86M | 20.62M | 18.95M | 20.43M | 43.22M | 0 | 37.57M | 114.28M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | 69.0% | 71.7% | 73.5% | 71.4% | 69.6% | 68.7% | 68.4% | 66.7% | 66.5% | 67.1% | 67.0% | 68.1% | 65.8% | 66.1% | 66.1% | 67.0% | 69.2% |
| Operating Margin % | 5.0% | 6.8% | 2.0% | 2.0% | 1.7% | 3.4% | 4.4% | 3.3% | 4.5% | 10.8% | 13.8% | 16.0% | 14.3% | 15.8% | 14.4% | 13.9% | 15.7% |
| Net Margin % | 3.1% | 6.5% | 23.6% | 1.6% | 1.0% | 2.1% | 2.9% | 2.6% | 0.2% | 9.6% | 12.1% | 14.6% | 11.6% | 12.2% | 12.3% | 12.1% | 12.4% |
| ROE % | -1.9% | 6.6% | 23.0% | 0.9% | 0.5% | 1.3% | 2.0% | 1.9% | 0.1% | 7.5% | 9.5% | 10.8% | 9.2% | 10.3% | 9.9% | 9.0% | 9.6% |
| ROCE % | - | 6.2% | 1.7% | 1.1% | 0.9% | 2.0% | 3.0% | 2.4% | 3.4% | 8.1% | 10.1% | 11.2% | 10.7% | 12.7% | 11.1% | 10.0% | 11.6% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 15.88% | 5.83M | $348.03M |
| 2 | Vanguard Portfolio Management LLC | 8.06% | 2.96M | $176.67M |
| 3 | Neuberger Berman Group, LLC | 4.88% | 1.79M | $106.90M |
| 4 | Vanguard Capital Management LLC | 4.63% | 1.70M | $101.39M |
| 5 | State Street Corporation | 4.09% | 1.50M | $89.55M |
| 6 | Goldman Sachs Group Inc | 2.91% | 1.07M | $63.84M |
| 7 | Geode Capital Management, LLC | 2.72% | 997.96K | $59.59M |
| 8 | Bank of America Corporation | 2.72% | 998.62K | $59.63M |
| 9 | Morgan Stanley | 2.62% | 960.88K | $57.37M |
| 10 | Citadel Advisors Llc | 2.49% | 913.24K | $54.53M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for SPSC
SPSC Stock Price, Quote & Chart - ChartMill
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SPSC — Frequently Asked Questions
What is the current share price of SPS Commerce, Inc. (SPSC)?
As of 2026-07-14 21:23 PDT, SPS Commerce, Inc. (SPSC) trades at $63.30 on NasdaqGS. Its 52-week range is $49.91 to $142.50.
What is the market capitalisation of SPSC?
SPS Commerce, Inc. (SPSC) has a market capitalisation of $2.32B on NasdaqGS.
What is the P/E ratio of SPSC?
SPSC trades at a trailing price-to-earnings (P/E) ratio of 26.27. The industry average P/E is 36.02. Its price-to-book (P/B) ratio is 2.12.
What is the return on equity (ROE) of SPSC?
SPSC has a return on equity (ROE) of 9.65%. Its return on capital employed (ROCE) is 11.65%.
Is SPSC a good stock to buy?
This page provides a data-driven analysis of SPS Commerce, Inc. (SPSC), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.