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 4.730-4.760 for the period, compared to the consensus estimate of 4.240. The company issued revenue guidance of $796.0 million-$802.0 million, compared to the consensus revenue estimate of $801.8 million. SPS Commerce also updated its Q2 2026 guidance to 1.060-1.090 EPS.

SPS Commerce Trading Up 5.0%

NASDAQ SPSC traded up $2.80 during mid-day trading on Friday, reaching $58.92. 941,692 shares of the company’s stock traded hands, compared to its average volume of 513,257. SPS Commerce has a 1-year low of $50.55 and a 1-year high of $153.16. The company has a fifty day simple moving average of $57.17 and a 200-day simple moving average of $77.21. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 24.05 and a beta of 0.58.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, April 30th. The software maker reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.13. The firm had revenue of $192.12 million during the quarter, compared to analyst estimates of $192.51 million. SPS Commerce had a return on equity of 12.44% and a net margin of 11.92%.SPS Commerce’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 EPS. 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 research analysts forecast that SPS Commerce will post 3.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SPSC has been the subject of several research reports. Rothschild & Co Redburn set a $60.00 target price on SPS Commerce and gave the stock a “neutral” rating in a research report on Thursday, April 16th. DA Davidson decreased their price target on shares of SPS Commerce from $65.00 to $55.00 and set a “neutral” rating for the company in a report on Friday. Citigroup reaffirmed 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. Stifel Nicolaus set a $60.00 price target on shares of SPS Commerce in a report on Friday. Finally, Wall Street Zen raised shares of SPS Commerce from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $77.18.

Insider Activity

In other SPS Commerce news, Director Marty M. Reaume sold 1,000 shares of the business’s 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 transaction, the director owned 9,158 shares in the company, valued at approximately $530,248.20. The trade was a 9.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kimberly K. Nelson sold 6,300 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $58.66, for a total value of $369,558.00. Following the transaction, the chief financial officer owned 145,452 shares of the company’s stock, valued at $8,532,214.32. This trade represents a 4.15% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 24,102 shares of company stock valued at $1,425,328. Company insiders own 0.98% of the company’s stock.

Trending Headlines about SPS Commerce

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

• Positive Sentiment: Company Q1 results showed revenue and recurring revenue growth (~6% and ~7% yoy) and an adjusted EPS beat (reported $1.10 vs. consensus ~$0.97); management emphasized subscription strength. SPS Commerce Reports First Quarter 2026 Financial Results
• Positive Sentiment: Company raised EPS guidance: FY2026 EPS guide of $4.73–4.76 and Q2 EPS guide of $1.060–1.090 both sit above consensus, supporting forward earnings expectations. Earnings Release / Guidance Details
• Neutral Sentiment: Needham trimmed its price target to $75 (from $110) but kept a Buy rating, highlighting continued upside vs. the current price—this is supportive but reflects tempered expectations. Needham Lowers Price Target to $75
• Neutral Sentiment: Analyst coverage remains mixed: William Blair reiterated a Hold, and several write-ups (earnings transcript and presentation) provide detail for investors to parse adjusted vs. GAAP results. Q1 2026 Earnings Call Transcript
• Negative Sentiment: DA Davidson cut its price target to $55 and moved to Neutral, signaling near-term downside risk and adding selling pressure for more cautious investors. DA Davidson Lowers PT to $55
• Negative Sentiment: Some third-party reports flagged weaker GAAP operating profit and a below-expectations revenue/EPS reconciliation (Quiver noted a GAAP EPS shortfall and declines in operating profit), plus recent insider selling—items that could weigh on sentiment. Quiver: Stock Reaction & GAAP Metrics
• Negative Sentiment: Revenue guidance ranges were slightly below some revenue consensus points (Q2 and FY revenue bands came in marginally under certain street estimates), which could cap upside despite stronger EPS guides. MarketBeat: Guidance and Results Summary

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its stake in shares of SPS Commerce by 545.7% in the 1st 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. Advisory Services Network LLC acquired a new stake in shares of SPS Commerce in the 3rd quarter worth approximately $32,000. Advisors Asset Management Inc. lifted its stake in shares of SPS Commerce by 39.9% in the 1st 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. Global Retirement Partners LLC lifted its stake in shares of SPS Commerce by 2,130.0% in the 4th quarter. Global Retirement Partners LLC now owns 446 shares of the software maker’s stock worth $40,000 after acquiring an additional 426 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in shares of SPS Commerce in the 4th quarter worth approximately $45,000. 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.