# SPS Commerce share price today (SPS Commerce, Inc., SPSC)

> SPS Commerce, Inc.'s earnings have grown faster than its share price. Earnings per share grew +20.6% in a year while the price moved +3.7%. SPSC · Technology · Software - Application · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/spsc

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: $85.25 (+3.7% in a year)
- P/E: 37.8× (lower than 85% of the last 4.6 years)
- Revenue (Jun 2026): $198 M (+5.6% on a year ago)
- Profit (Jun 2026): $6.9 M (−65.2% on a year ago)
- Operating margin: 16.1% (+2.0 points on a year ago)
- ROE: 10%, FY25
- ROIC: 12.5%, against a 7.6% cost of capital: +4.9 points

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the SPS Commerce share price today? SPS Commerce, Inc.'s share price was $85.25 at the close on 3 November 2026. It has been stalling near its high for 15 weeks. That is 25.3% above its average price over the last 200 trading days. In the last 52 weeks it traded between $51 and $94, and at that close it sat 79% of the way up from that low. Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 18 weeks in a row. Over the last 10 years the share price moved +177% while the S&P 500 moved +255%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does SPS Commerce pay? SPS Commerce, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is SPS Commerce on? SPS Commerce is on one of our US lists: US tech stocks. [US tech stocks](https://www.sectoralpha.in/us-tech-stocks)

## Is SPS Commerce profitable? SPS Commerce, Inc. earned $6.9 M of net profit in the Jun 2026 quarter, −65.2% on the same quarter a year earlier. Full-year FY25 profit was $93.3 M. Over 4 years profit has grown 20.3% a year on average. That is 3.5% of the quarter's revenue. The same quarter a year earlier earned $19.7 M. For the full year, FY25 profit was $93.3 M (+21.1% on the year before). Why profit moved: revenue changed +5.6% on a year earlier and the margin moved +2.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed −5.0% and revenue +10.0%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does SPS Commerce make, and is it growing? SPS Commerce, Inc. reported $198 M of revenue in the Jun 2026 quarter, +5.6% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 4 years it has grown 18.2% a year on average. The last full year, FY25, came in at $752 M. The last four reported quarters add to $772 M. FY25 revenue was $752 M, +17.8% on the year before. Recent pace: the last four quarters grew +10.0% on average, against 18.2% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +9.8%, against +15.0% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −6.0%, against +4.2% a year (rolling over). ## How much of every $100 of sales does SPS Commerce keep? SPS Commerce, Inc.'s operating margin was 16.1% in the Jun 2026 quarter, 2.0 percentage points higher than the same quarter a year ago. Across 5 years it has been between 13.9% and 15.8%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +2.0 percentage points on the year while gross margin changed +2.1 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is SPS Commerce's profit turning into cash? Over the last 3 years, 198% of SPS Commerce, Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $179 M of operating cash against $93.3 M of profit. After $26.5 M of spending on assets, $152 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does SPS Commerce's cash go? SPS Commerce, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $66.3 M on assets over the last 3 years. Averaged over those years that is 2.9% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $66.3 M over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is SPS Commerce's P/E ratio, and how does it compare with its own history? SPS Commerce, Inc.'s P/E is 37.8×, near the low end of its own history: it has been lower only 15% of the time. Its usual P/E (the middle reading) is 90.5×, over 4.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +20.6% while the price moved +3.7%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved −20.0% a year; about +7.2% a year came from earnings growth and about −27.2 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the SPS Commerce business getting better or worse? SPS Commerce, Inc.'s business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 12.5%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does SPS Commerce earn on its capital? SPS Commerce, Inc. earned a ROE of 10% in FY25. Its return on capital used (ROIC) is 4.9 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 12.4% net margin and 0.64× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 12.4% net margin × 0.64× asset turnover × 1.20× leverage (assets divided by equity) ≈ 9.5% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 12.5% − 7.6% = +4.9 percentage points. The 7.6% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. ## Does SPS Commerce have too much debt? SPS Commerce, Inc. has total debt of $6.3 M against shareholder equity of $938 M as of Jun 2026, so its debt is 0.01× its equity, which is very little. Year by year, that ratio went from 0.04 in FY21 to 0.01 in FY25. So the returns on this page come from the business, not from borrowed money. ## What is the SPS Commerce shareholding pattern? 8.2% of SPS Commerce, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 5.9 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is SPS Commerce from balance-sheet trouble? For SPS Commerce, Inc., the Z-score is 10.10. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 10.10 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does SPS Commerce rank in its industry? There is no score against its industry: SPS Commerce, Inc. is not among the largest members shown in this industry comparison for Software - Application. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is SPS Commerce compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to SPS Commerce in size? SPS Commerce is the 70th largest of 142 Software - Application companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Agilysys, Inc., Fastly, Inc. and Alarm.com Holdings, Inc. Just below it: Pattern Group Inc., Via Transportation, Inc. and Webull Corporation. ### Software - Application companies close in size

1. [Agilysys, Inc.](https://www.sectoralpha.in/us/stocks/agys) $3.4 billion
2. [Fastly, Inc.](https://www.sectoralpha.in/us/stocks/fsly) $3.4 billion
3. [Alarm.com Holdings, Inc.](https://www.sectoralpha.in/us/stocks/alrm) $3.2 billion
4. SPS Commerce, Inc. $3 billion
5. [Pattern Group Inc.](https://www.sectoralpha.in/us/stocks/ptrn) $3 billion
6. [Via Transportation, Inc.](https://www.sectoralpha.in/us/stocks/via) $3 billion
7. [Webull Corporation](https://www.sectoralpha.in/us/stocks/bull) $2.8 billion

[All 142 Software - Application companies, largest first](https://www.sectoralpha.in/us/sectors/software-application#all-companies)

### Companies close in size in other industries

1. [SiriusPoint Ltd.](https://www.sectoralpha.in/us/stocks/spnt) $3 billion · Insurance - Reinsurance
2. [Kyivstar Group Ltd.](https://www.sectoralpha.in/us/stocks/kyiv) $3 billion · Telecom Services
3. SPS Commerce, Inc. $3 billion
4. [Denali Therapeutics Inc.](https://www.sectoralpha.in/us/stocks/dnli) $3 billion · Biotechnology
5. [CarGurus, Inc.](https://www.sectoralpha.in/us/stocks/carg) $3 billion · Auto & Truck Dealerships

## What else do people ask about SPS Commerce? ### What is SPS Commerce's stock price today? SPS Commerce, Inc.'s stock price is $85.25, +3.7% over the past year. The whole company is worth $3.0 B on the market. In the last 52 weeks it traded between $51 to $94; today it is 79% of the way up from the low, 25.3% above its 200-day average (as of 3 November 2026). ### What were SPS Commerce's latest quarterly results? SPS Commerce, Inc. reported revenue of $198 M and net profit of $6.9 M for the Jun 2026 quarter. Revenue rose 5.6% and profit fell 65.2% compared with a year earlier. Earnings per share were $0.19. The operating margin was 16.1%, 2.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is SPS Commerce's market cap? SPS Commerce, Inc.'s market capitalisation is $3.0 B at a stock price of $85.25. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is SPS Commerce performing? SPS Commerce, Inc.'s share price has been stalling near its high for 15 weeks. In its latest quarter, revenue rose 5.6% and profit fell 65.2% compared with a year earlier. Over the past 13 weeks it has done better than the S&P 500, for 18 weeks running (as of 3 November 2026). ### Will SPS Commerce's stock price go up? This page does not forecast SPS Commerce, Inc.'s stock price. What it shows instead: the stock price is $85.25, and it has been stalling near its high for 15 weeks. Its P/E of 37.8× is higher than 15% of its own last 5 years (as of 3 November 2026). ### Where is SPS Commerce in its business cycle? SPS Commerce, Inc.'s FY25 operating margin was 15.7%, against a 5-year range of 13.9% to 15.8%: the middle of its own range, neither a peak nor a low. The latest quarter was 16.1%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the SPS Commerce story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is SPS Commerce a stock worth studying right now? What the numbers show: SPS Commerce, Inc.'s earnings have grown faster than its share price. Earnings per share grew +20.6% in a year while the price moved +3.7%. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- US tech stocks: https://www.sectoralpha.in/us-tech-stocks

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