SPS Commerce (NASDAQ:SPSC) Issues Q3 2026 Earnings Guidance

SPS Commerce (NASDAQ:SPSC) updated its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.200-1.230 for the period, compared to the consensus EPS estimate of 1.180. The company issued revenue guidance of $196.3 million-$198.3 million, compared to the consensus revenue estimate of $202.4 million. SPS Commerce also updated its FY 2026 guidance to 4.840-4.930 EPS.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wall Street Zen downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. DA Davidson set a $65.00 target price on SPS Commerce in a report on Friday. Stifel Nicolaus set a $70.00 price target on SPS Commerce and gave the stock a “hold” rating in a report on Friday. Zacks Research upgraded SPS Commerce from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Weiss Ratings downgraded SPS Commerce from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $74.60.

SPS Commerce Trading Up 11.7%

Shares of SPSC stock traded up $7.70 on Friday, reaching $73.53. 1,181,585 shares of the stock were exchanged, compared to its average volume of 697,863. The company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 30.64 and a beta of 0.56. The business’s 50 day moving average price is $58.53 and its 200 day moving average price is $62.27. SPS Commerce has a twelve month low of $49.04 and a twelve month high of $124.08.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, July 30th. The software maker reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.19. SPS Commerce had a return on equity of 12.43% and a net margin of 11.92%.The business had revenue of $197.81 million during the quarter, compared to analysts’ expectations of $195.46 million. During the same period in the prior year, the firm posted $1.00 EPS. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. SPS Commerce has set its Q3 2026 guidance at 1.200-1.230 EPS and its FY 2026 guidance at 4.840-4.930 EPS. Equities research analysts forecast that SPS Commerce will post 3.42 earnings per share for the current year.

Trending Headlines about SPS Commerce

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

• Positive Sentiment: Q2 earnings and revenue exceeded estimates. Adjusted earnings were $1.27 per share, versus the $1.08 consensus, while revenue rose 5.6% year over year to $197.8 million, ahead of the $195.5 million estimate. Adjusted EBITDA increased 19% to $66.6 million. SPS Commerce Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Profit guidance was raised relative to analyst expectations. SPS Commerce forecast third-quarter adjusted EPS of $1.20-$1.23, above the $1.18 consensus, and full-year EPS of $4.84-$4.93, well above the $4.46 consensus. The company also repurchased $51.2 million of stock during the quarter. SPS Commerce Reports Strong Second Quarter 2026 Financial Results
• Neutral Sentiment: Revenue guidance was comparatively cautious. Third-quarter revenue guidance of $196.3 million-$198.3 million is below the $202.4 million consensus, and full-year revenue guidance of $788.4 million-$793.4 million is below the $797.6 million estimate. The recently completed divestiture of the 3P Revenue Recovery business is expected to reduce second-half revenue by approximately $10.5 million but be neutral to adjusted EBITDA. SPS Commerce Q2 2026 Earnings Call Transcript
• Negative Sentiment: Reported net income declined sharply. Net income fell to $6.9 million, or $0.19 per diluted share, from $19.7 million, or $0.52 per share, a year earlier. In addition, reported data shows insiders made 11 sales and no purchases over the past six months, a potential sentiment concern.

Institutional Trading of SPS Commerce

Several institutional investors have recently modified their holdings of the stock. State Street Corp lifted its position in SPS Commerce by 0.6% in the fourth quarter. State Street Corp now owns 1,468,312 shares of the software maker’s stock valued at $130,871,000 after acquiring an additional 8,163 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in shares of SPS Commerce by 86.4% during 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 shares of SPS Commerce by 69.1% during 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 in the last quarter. Northern Trust Corp increased its position in shares of SPS Commerce by 0.7% during the third quarter. Northern Trust Corp now owns 505,116 shares of the software maker’s stock worth $52,603,000 after purchasing an additional 3,394 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of SPS Commerce by 6.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 482,969 shares of the software maker’s stock valued at $50,297,000 after purchasing an additional 28,869 shares during the last quarter. Hedge funds and other 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.