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

SPS Commerce (NASDAQ:SPSC) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 4.840-4.930 for the period, compared to the consensus estimate of 4.460. The company issued revenue guidance of $788.4 million-$793.4 million, compared to the consensus revenue estimate of $797.6 million. SPS Commerce also updated its Q3 2026 guidance to 1.200-1.230 EPS.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Needham & Company LLC reissued a “buy” rating on shares of SPS Commerce in a research note on Tuesday. Wall Street Zen cut SPS Commerce from a “buy” rating to a “hold” rating in a report on Saturday, July 18th. Morgan Stanley reaffirmed an “underweight” rating and set a $59.00 price objective (up from $57.00) on shares of SPS Commerce in a research report on Friday. Zacks Research upgraded shares of SPS Commerce from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Stifel Nicolaus set a $70.00 target price on shares of SPS Commerce and gave the stock a “hold” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $74.60.

SPS Commerce Stock Up 11.5%

NASDAQ:SPSC traded up $7.56 on Friday, hitting $73.39. The stock had a trading volume of 1,414,673 shares, compared to its average volume of 498,369. SPS Commerce has a 52 week low of $49.04 and a 52 week high of $124.08. The business’s fifty day moving average is $58.92 and its 200 day moving average is $62.35. The company has a market cap of $2.69 billion, a PE ratio of 35.45 and a beta of 0.56.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, July 30th. The software maker reported $1.27 EPS for the quarter, beating the consensus estimate of $1.09 by $0.18. SPS Commerce had a return on equity of 12.95% and a net margin of 10.10%.The firm had revenue of $197.81 million during the quarter, compared to the consensus estimate of $195.46 million. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. 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 analysts predict that SPS Commerce will post 3.42 earnings per share for the current fiscal year.

More SPS Commerce News

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

• Positive Sentiment: Second-quarter results exceeded estimates. SPS Commerce reported adjusted EPS of $1.27, ahead of the $1.08 consensus, while revenue rose 5.6% year over year to approximately $197.8 million, above expectations of $195.5 million. Adjusted EBITDA increased 19% to $66.6 million. SPS Commerce Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Full-year EPS guidance was raised relative to consensus. SPS Commerce issued 2026 adjusted EPS guidance of $4.84 to $4.93, above the $4.46 analyst consensus. The company also repurchased $51.2 million of stock during the quarter. SPS Commerce Reports Strong Second Quarter 2026 Financial Results
• Neutral Sentiment: Third-quarter expectations are mixed. Q3 EPS guidance of $1.20 to $1.23 is above the $1.18 consensus, but revenue guidance of $196.3 million to $198.3 million trails the $202.4 million consensus. The completed divestiture of the 3P Revenue Recovery business is expected to reduce second-half 2026 revenue by about $10.5 million while remaining neutral to adjusted EBITDA.
• Negative Sentiment: Reported net income declined sharply. GAAP net income fell to $6.9 million, or $0.19 per diluted share, from $19.7 million, or $0.52, a year earlier. In addition, recent insider-trading data shows selling but no insider purchases, which may weigh on investor sentiment.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SPSC. Advisors Asset Management Inc. grew its holdings in shares of SPS Commerce by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock valued at $52,000 after acquiring an additional 112 shares in the last quarter. State of Wyoming lifted its holdings in SPS Commerce by 10.8% during the fourth quarter. State of Wyoming now owns 1,792 shares of the software maker’s stock worth $160,000 after acquiring an additional 174 shares during the period. State of Tennessee Department of Treasury lifted its holdings in SPS Commerce by 1.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 17,442 shares of the software maker’s stock worth $1,557,000 after acquiring an additional 175 shares during the period. NewEdge Advisors LLC boosted its position in SPS Commerce by 545.7% in the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after purchasing an additional 191 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in SPS Commerce by 2.0% in the 1st quarter. AQR Capital Management LLC now owns 14,134 shares of the software maker’s stock valued at $1,876,000 after purchasing an additional 275 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

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.