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

SPS Commerce (NASDAQ:SPSC) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 4.420-4.500 for the period, compared to the consensus EPS estimate of 4.070. The company issued revenue guidance of $798.5 million-$806.9 million, compared to the consensus revenue estimate of $807.2 million. SPS Commerce also updated its Q1 2026 guidance to 0.950-0.990 EPS.

Analyst Ratings Changes

SPSC has been the subject of several research reports. DA Davidson reduced their price objective on shares of SPS Commerce from $125.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Wall Street Zen lowered shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Citigroup restated a “buy” rating on shares of SPS Commerce in a report on Friday. Needham & Company LLC restated a “buy” rating and issued a $110.00 price target (down previously from $160.00) on shares of SPS Commerce in a research report on Friday, October 31st. Finally, Stifel Nicolaus set a $65.00 price objective on SPS Commerce in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $92.00.

SPS Commerce Stock Performance

Shares of SPSC stock traded down $3.06 on Friday, reaching $61.69. 851,984 shares of the company’s stock traded hands, compared to its average volume of 613,569. The company has a market capitalization of $2.33 billion, a P/E ratio of 27.78 and a beta of 0.56. SPS Commerce has a 12-month low of $61.35 and a 12-month high of $153.16. The business’s 50 day moving average price is $87.78 and its two-hundred day moving average price is $97.50.

Insider Activity at SPS Commerce

In other SPS Commerce news, Director Marty M. Reaume sold 1,000 shares of SPS Commerce stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $79.92, for a total value of $79,920.00. Following the completion of the sale, the director directly owned 9,158 shares in the company, valued at $731,907.36. The trade was a 9.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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: Q4 EPS beat expectations — SPS reported $1.14 EPS vs. the Zacks consensus $1.00 and up from $0.89 a year ago; revenue was up 12.7% year‑over‑year. The EPS beat supports profitability momentum. Zacks: Q4 Earnings Beat
• Positive Sentiment: FY‑2026 EPS guidance raised — Management issued FY EPS guidance of $4.42–$4.50, above consensus (~$4.07), indicating confidence in full‑year earnings leverage despite near‑term revenue pressures. MarketBeat: Earnings Report
• Positive Sentiment: Board strengthening — SPS added two independent directors (Michael McConnell and Fumbi Chima), which can be positive for governance and strategic oversight. GlobeNewswire: Board Appointments
• Neutral Sentiment: Revenue and guidance nuance — Q4 revenue was $192.65M vs. estimates ~$193.6M (a small miss). Full‑year revenue guidance ($798.5M–$806.9M) is roughly in line with consensus (~$807.2M) but on the low side of expectations. These items temper the EPS beats. MarketBeat: Revenue Details
• Neutral Sentiment: Earnings call materials available — The full Q4 earnings call transcript, slide deck and press release are published for detailed read‑throughs of customer win trends, margin drivers and ARR commentary. Useful for modeling adjustments. Seeking Alpha: Call Transcript
• Negative Sentiment: Near‑term revenue guide missed Street view — Q1 FY‑2026 revenue guidance ($191.6M–$193.6M) is below the ~$197M consensus, indicating softer near‑term demand or implementation timing issues. This was the primary catalyst weighing on the stock. MarketBeat: Q1 Guidance
• Negative Sentiment: Insider sale disclosed — Director Marty Reaume sold 1,000 shares (~$80k). Size is small but will be noted by investors monitoring insider activity. InsiderTrades: Insider Sale

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Quantinno Capital Management LP boosted its holdings in shares of SPS Commerce by 202.0% in the 2nd quarter. Quantinno Capital Management LP now owns 11,078 shares of the software maker’s stock worth $1,508,000 after acquiring an additional 7,410 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in SPS Commerce by 13.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109,757 shares of the software maker’s stock valued at $14,937,000 after purchasing an additional 12,758 shares in the last quarter. Diversify Wealth Management LLC raised its position in SPS Commerce by 20.2% in the 2nd quarter. Diversify Wealth Management LLC now owns 7,811 shares of the software maker’s stock valued at $1,063,000 after purchasing an additional 1,310 shares during the last quarter. Diversify Advisory Services LLC boosted its stake in SPS Commerce by 19.9% in the second quarter. Diversify Advisory Services LLC now owns 2,890 shares of the software maker’s stock worth $393,000 after purchasing an additional 479 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in SPS Commerce by 6.3% in the second quarter. Alliancebernstein L.P. now owns 81,775 shares of the software maker’s stock worth $11,129,000 after purchasing an additional 4,855 shares in the last quarter. 98.96% of the stock is owned by institutional investors.

About SPS Commerce

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.