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

SPS Commerce (NASDAQ:SPSC) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.060-1.090 for the period, compared to the consensus 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 Up 1.7%

Shares of NASDAQ SPSC traded up $0.95 during trading hours on Thursday, hitting $56.13. 709,625 shares of the stock were exchanged, compared to its average volume of 725,588. The company has a market cap of $2.08 billion, a PE ratio of 22.91 and a beta of 0.62. The firm has a fifty day moving average price of $57.21 and a 200-day moving average price of $77.35. SPS Commerce has a 12 month low of $50.55 and a 12 month high of $153.16.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, April 30th. The software maker reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.12. The company had revenue of $192.12 million for the quarter, compared to the consensus estimate of $192.71 million. SPS Commerce had a net margin of 12.42% and a return on equity of 12.73%. 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. As a group, equities analysts anticipate that SPS Commerce will post 3.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SPSC shares. Robert W. Baird set a $86.00 target price on shares of SPS Commerce in a research report on Friday, February 13th. 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 report on Friday, February 13th. Citigroup reissued a “buy” rating and set a $84.00 target price (down from $110.00) on shares of SPS Commerce in a research report on Friday, February 13th. Stifel Nicolaus set a $65.00 target price on shares of SPS Commerce and gave the stock a “hold” rating in a research report on Friday, February 13th. Finally, Cantor Fitzgerald set a $70.00 target price 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $84.91.

Insider Buying and Selling at SPS Commerce

In other news, CFO Kimberly K. Nelson sold 6,300 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $58.66, for a total value of $369,558.00. Following the sale, the chief financial officer owned 145,452 shares in the company, valued at $8,532,214.32. This represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marty M. Reaume sold 1,000 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $57.90, for a total transaction of $57,900.00. Following the completion of the sale, the director owned 9,158 shares in the company, valued at $530,248.20. The trade was a 9.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 24,102 shares of company stock worth $1,425,328 over the last ninety days. 0.98% of the stock is owned by insiders.

Institutional Trading of SPS Commerce

A number of hedge funds and other institutional investors have recently made changes to their positions in SPSC. Advisors Asset Management Inc. increased its stake 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 worth $52,000 after acquiring an additional 112 shares during the period. AQR Capital Management LLC increased its stake in shares of SPS Commerce by 2.0% in the first quarter. AQR Capital Management LLC now owns 14,134 shares of the software maker’s stock worth $1,876,000 after acquiring an additional 275 shares during the period. NewEdge Advisors LLC increased its stake in shares of 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 acquiring an additional 191 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of SPS Commerce by 137.7% in the second quarter. EverSource Wealth Advisors LLC now owns 649 shares of the software maker’s stock worth $88,000 after acquiring an additional 376 shares during the period. Finally, First Trust Advisors LP boosted its holdings in SPS Commerce by 83.2% during the second quarter. First Trust Advisors LP now owns 10,132 shares of the software maker’s stock worth $1,379,000 after buying an additional 4,602 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.