SPS Commerce (NASDAQ:SPSC) Releases Q2 2026 Earnings Guidance

SPS Commerce (NASDAQ:SPSC) updated its second quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 1.060-1.090 for the period, compared to the consensus EPS estimate of 1.040. The company issued revenue guidance of $194.5 million-$196.5 million, compared to the consensus revenue estimate of $198.4 million. SPS Commerce also updated its FY 2026 guidance to 4.730-4.760 EPS.

SPS Commerce Stock Performance

SPS Commerce stock traded up $0.94 during midday trading on Thursday, reaching $56.12. The stock had a trading volume of 718,963 shares, compared to its average volume of 509,638. The stock’s 50-day simple moving average is $57.17 and its 200 day simple moving average is $77.21. SPS Commerce has a twelve month low of $50.55 and a twelve month high of $153.16. The stock has a market capitalization of $2.07 billion, a PE ratio of 22.91 and a beta of 0.62.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, April 30th. The software maker reported $1.10 EPS for the quarter, topping the consensus estimate of $0.98 by $0.12. The company had revenue of $192.12 million during the quarter, compared to analyst estimates of $192.71 million. SPS Commerce had a return on equity of 12.73% and a net margin of 12.42%.The firm’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.00 earnings per share. SPS Commerce has set its FY 2026 guidance at 4.730-4.760 EPS and its Q2 2026 guidance at 1.060-1.090 EPS. Equities analysts predict that SPS Commerce will post 3.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on SPSC shares. Citigroup restated a “buy” rating and issued a $84.00 price target (down from $110.00) on shares of SPS Commerce in a report on Friday, February 13th. Weiss Ratings raised shares of SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday. Craig Hallum downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research note on Friday, February 13th. Robert W. Baird set a $86.00 target price on shares of SPS Commerce in a report on Friday, February 13th. Finally, Morgan Stanley set a $95.00 price target on shares of SPS Commerce in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SPS Commerce currently has an average rating of “Hold” and an average price target of $84.91.

Insider Activity

In other news, EVP Jamie Thingelstad sold 2,418 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $54.94, for a total transaction of $132,844.92. Following the transaction, the executive vice president directly owned 56,344 shares of the company’s stock, valued at approximately $3,095,539.36. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Chadwick Collins sold 13,384 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $58.66, for a total transaction of $785,105.44. Following the completion of the transaction, the chief executive officer owned 72,241 shares of the company’s stock, valued at $4,237,657.06. This trade represents a 15.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 24,102 shares of company stock valued at $1,425,328. 0.98% of the stock is currently owned by company insiders.

Key Headlines Impacting SPS Commerce

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

• Positive Sentiment: Quarterly EPS topped consensus — SPS reported $1.10 EPS for Q1, beating Zacks/consensus estimates (~$0.97–$0.98), which supports the stock’s upside reaction. SPS Commerce (SPSC) Tops Q1 Earnings Estimates
• Positive Sentiment: Management raised forward EPS guidance — Q2 EPS guidance of $1.060–1.090 (above consensus ~$1.04) and FY2026 EPS guidance of $4.73–4.76 (well above consensus ~$4.24) indicate confidence in profitability going forward. Investors typically reward stronger FY EPS outlooks. SPS Commerce Q1 Press Release / Guidance (PDF)
• Neutral Sentiment: Revenue roughly in-line but slightly below some estimates — Q1 revenue was ~$192.1M (growth ~6% YoY) which was near or a touch under certain analyst models, so top-line momentum is steady but not accelerating. SPS Commerce Reports First Quarter 2026 Financial Results
• Neutral Sentiment: Analyst targets and valuation are mixed — recent median price target sits near $65 (range ~$60–$100), implying upside from current levels for some analysts but showing dispersion in views. SPS Commerce (SPSC) Stock Falls on Q1 2026 Earnings (Quiver)
• Negative Sentiment: Some reports highlight weaker profitability and mixed metrics — a third‑party summary flagged declines in operating profit and net income, a reported lower diluted EPS measure, and heavy insider selling over recent months, which can weigh on sentiment despite the headline EPS beat. SPS Commerce (SPSC) Stock Falls on Q1 2026 Earnings (Quiver)

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. grew its stake in SPS Commerce by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock valued at $52,000 after purchasing an additional 112 shares in the last quarter. State of Wyoming boosted its stake in shares of SPS Commerce by 10.8% during the 4th quarter. State of Wyoming now owns 1,792 shares of the software maker’s stock valued at $160,000 after buying an additional 174 shares during the last quarter. State of Tennessee Department of Treasury boosted its stake in shares of SPS Commerce by 1.0% during the 4th quarter. State of Tennessee Department of Treasury now owns 17,442 shares of the software maker’s stock valued at $1,557,000 after buying an additional 175 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after buying an additional 191 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of SPS Commerce by 2.0% during the first quarter. AQR Capital Management LLC now owns 14,134 shares of the software maker’s stock worth $1,876,000 after buying an additional 275 shares in the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

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.