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SPSC SPS COMMERCE INC

Trailing twelve months to 2026-06-30 · as filed 2026-07-30, not restated
Technology

Scale

Market cap
$3.0bn
Revenue TTM
$772m
Net income TTM
$78m
Free cash flow
$199m
Composite score
59.3
Sector rank
#1399

Valuation

P / E
38.6
EV / EBITDA
23.3
EV / sales
3.7
FCF yield
6.60%
Earnings yield vs 10-yr
-2.14pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
10.1%
EBITDA margin
15.8%
ROE
8.3%
ROIC
12.9%
Revenue growth
9.8%

Insider activity, last 90 days

Net open-market
$0.00m
Buyers
0
Sellers
0

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

Results of Operations. ” Results of Operations Three Months Ended June 30, 2026 Compared to Three Months Ended June 30, 2025 The following table presents our results of operations for the periods indicated: Revenues - The increase in revenue period-over-period resulted from an increase in 1P recurring revenue customers that was driven primarily by business acquisitions and continued business growth in our core markets. • ARPU increased 14% to approximately $15,100 for the three months ended June 30, 2026. The increase was driven by the increased usage of our products by our 1P recurring revenue customers as well as the divestiture of our 3P revenue recovery business. …SPS COMMERCE INC, 10-Q, period ended 2026-06-30, filed 2026-07-30

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