SPS Commerce (NASDAQ:SPSC) Issues FY 2026 Earnings Guidance

SPS Commerce (NASDAQ:SPSC) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 4.730-4.760 for the period, compared to the consensus EPS estimate of 4.240. The company issued revenue guidance of $796.0 million-$802.0 million, compared to the consensus revenue estimate of $801.8 million. SPS Commerce also updated its Q2 2026 guidance to 1.060-1.090 EPS.

SPS Commerce Price Performance

Shares of SPSC traded up $0.94 on Thursday, reaching $56.12. The company’s stock had a trading volume of 718,963 shares, compared to its average volume of 509,638. The stock has a market capitalization of $2.07 billion, a P/E ratio of 22.91 and a beta of 0.62. The stock’s 50 day simple moving average is $57.17 and its two-hundred day simple moving average is $77.21. SPS Commerce has a 12-month low of $50.55 and a 12-month high of $153.16.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, April 30th. The software maker reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.12. The company had revenue of $192.12 million for the quarter, compared to the consensus estimate of $192.71 million. SPS Commerce had a net margin of 12.42% and a return on equity of 12.73%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.00 earnings per share. SPS Commerce has set its FY 2026 guidance at 4.730-4.760 EPS and its Q2 2026 guidance at 1.060-1.090 EPS. Analysts expect that SPS Commerce will post 3.25 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SPSC shares. Craig Hallum downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a report on Friday, February 13th. Citigroup reissued a “buy” rating and issued a $84.00 price objective (down from $110.00) on shares of SPS Commerce in a report on Friday, February 13th. Weiss Ratings raised shares of SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. Stifel Nicolaus set a $65.00 price objective on shares of SPS Commerce and gave the stock a “hold” rating in a report on Friday, February 13th. Finally, Cantor Fitzgerald set a $70.00 price objective on shares of SPS Commerce in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $84.91.

Insider Activity

In other SPS Commerce news, CFO Kimberly K. Nelson sold 6,300 shares of SPS Commerce stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $58.66, for a total transaction of $369,558.00. Following the transaction, the chief financial officer owned 145,452 shares of the company’s stock, valued at $8,532,214.32. The trade was a 4.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Chadwick Collins sold 13,384 shares of SPS Commerce stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $58.66, for a total transaction of $785,105.44. Following the transaction, the chief executive officer directly owned 72,241 shares in the company, valued at $4,237,657.06. This represents a 15.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 24,102 shares of company stock worth $1,425,328 over the last ninety days. Company insiders own 0.98% of the company’s stock.

Key SPS Commerce News

Here are the key news stories impacting SPS Commerce this week:

• Positive Sentiment: Quarterly EPS topped consensus — SPS reported $1.10 EPS for Q1, beating Zacks/consensus estimates (~$0.97–$0.98), which supports the stock’s upside reaction. SPS Commerce (SPSC) Tops Q1 Earnings Estimates
• Positive Sentiment: Management raised forward EPS guidance — Q2 EPS guidance of $1.060–1.090 (above consensus ~$1.04) and FY2026 EPS guidance of $4.73–4.76 (well above consensus ~$4.24) indicate confidence in profitability going forward. Investors typically reward stronger FY EPS outlooks. SPS Commerce Q1 Press Release / Guidance (PDF)
• Neutral Sentiment: Revenue roughly in-line but slightly below some estimates — Q1 revenue was ~$192.1M (growth ~6% YoY) which was near or a touch under certain analyst models, so top-line momentum is steady but not accelerating. SPS Commerce Reports First Quarter 2026 Financial Results
• Neutral Sentiment: Analyst targets and valuation are mixed — recent median price target sits near $65 (range ~$60–$100), implying upside from current levels for some analysts but showing dispersion in views. SPS Commerce (SPSC) Stock Falls on Q1 2026 Earnings (Quiver)
• Negative Sentiment: Some reports highlight weaker profitability and mixed metrics — a third‑party summary flagged declines in operating profit and net income, a reported lower diluted EPS measure, and heavy insider selling over recent months, which can weigh on sentiment despite the headline EPS beat. SPS Commerce (SPSC) Stock Falls on Q1 2026 Earnings (Quiver)

Institutional Investors Weigh In On SPS Commerce

Several institutional investors and hedge funds have recently modified their holdings of SPSC. UBS Group AG raised its position in shares of SPS Commerce by 806.1% during the third quarter. UBS Group AG now owns 458,860 shares of the software maker’s stock valued at $47,786,000 after buying an additional 408,221 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its position in SPS Commerce by 86.4% in the third quarter. Disciplined Growth Investors Inc. MN now owns 792,472 shares of the software maker’s stock worth $82,528,000 after purchasing an additional 367,346 shares during the last quarter. Goldman Sachs Group Inc. increased its position in SPS Commerce by 69.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 661,610 shares of the software maker’s stock worth $58,969,000 after purchasing an additional 270,424 shares during the last quarter. Federated Hermes Inc. increased its position in SPS Commerce by 38,429.2% in the fourth quarter. Federated Hermes Inc. now owns 245,046 shares of the software maker’s stock worth $21,841,000 after purchasing an additional 244,410 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in SPS Commerce by 344.8% in the third quarter. Lazard Asset Management LLC now owns 259,258 shares of the software maker’s stock worth $26,999,000 after purchasing an additional 200,978 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Company Profile

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.