SPSCSPS Commerce, Inc.

$80.43

Price

$80.43-26%1Y
1M+36%1Y-26%

Prices are end-of-day closes. This is a research view, the focus is on the fundamentals, quality and valuation below, not intraday price.

Smart Score

Average
6/10
Value64
Quality73
Momentum32
Growth35
Strongest Quality, weakest Momentum · ranked vs Technology peers. The five questions below judge the company on its own terms.
What they do

SPS Commerce is a global supply chain network that connects retailers, brands, distributors, manufacturers, and logistics providers through shared infrastructure built to handle the complexity of modern commerce operations. Our network enables companies to connect once and immediately transact with thousands of trading partners without negotiating standards, building integrations, or maintaining compliance logic. Our network powers our portfolio of solutions that orchestrate the critical processes, protocols, and data exchanges needed to get the right product, in the right place, at the right time, every time.

In the company’s own words · 10-K filed Feb 19, 2026 · SEC EDGAR

P/E (TTM)33.4
Market Cap$1.95B
1Y Return-26%
5Y Return-27%

Business segments

Q1 2026 · $184.5M

The company’s own SEC segment disclosure.

  • Fulfillment$164.3M89%
  • Analytics$14.1M8%
  • Other$6.1M3%

SPS Commerce, Inc. (SPSC) reported revenue of $192M in Q1 2026 (quarter ended March 31, 2026), up 5.8% from the same quarter a year earlier. That came with a gross margin of 69% and net income of $20M (10% of revenue). For the full year FY2025, revenue was $752M (+18% year on year) and net income $93M. Its largest product in 2026-Q1 was Fulfillment at $164M, 89% of the disclosed total, just ahead of Analytics at 7.7%.

Raw charts

10 series · TTM

As reported to the SEC, without any scoring.