SPS Commerce (NASDAQ:SPSC) Issues FY 2026 Earnings Guidance

SPS Commerce (NASDAQ:SPSC) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 4.420-4.500 for the period, compared to the consensus EPS estimate of 4.070. The company issued revenue guidance of $798.5 million-$806.9 million, compared to the consensus revenue estimate of $807.2 million. SPS Commerce also updated its Q1 2026 guidance to 0.950-0.990 EPS.

SPS Commerce Trading Down 5.5%

Shares of NASDAQ:SPSC traded down $3.79 during midday trading on Thursday, hitting $64.75. 1,672,707 shares of the stock were exchanged, compared to its average volume of 607,989. SPS Commerce has a twelve month low of $64.18 and a twelve month high of $154.76. The company has a 50 day moving average price of $88.15 and a 200-day moving average price of $97.73. The stock has a market cap of $2.44 billion, a P/E ratio of 29.04 and a beta of 0.56.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, February 12th. The software maker reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.14. The firm had revenue of $192.65 million during the quarter, compared to the consensus estimate of $193.60 million. SPS Commerce had a net margin of 11.65% and a return on equity of 12.17%. SPS Commerce has set its FY 2026 guidance at 4.420-4.500 EPS and its Q1 2026 guidance at 0.950-0.990 EPS. On average, equities research analysts expect that SPS Commerce will post 2.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Robert W. Baird set a $104.00 price objective on SPS Commerce in a report on Friday, October 31st. Morgan Stanley set a $100.00 price objective on shares of SPS Commerce and gave the stock an “equal weight” rating in a report on Tuesday, November 11th. Needham & Company LLC restated a “buy” rating and issued a $110.00 target price (down from $160.00) on shares of SPS Commerce in a report on Friday, October 31st. Northland Securities set a $109.00 price target on shares of SPS Commerce in a research report on Friday, October 31st. Finally, Wall Street Zen lowered shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, SPS Commerce currently has a consensus rating of “Hold” and a consensus price target of $99.22.

Insider Buying and Selling

In other SPS Commerce news, Director Marty M. Reaume sold 1,732 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $92.26, for a total transaction of $159,794.32. Following the transaction, the director owned 9,158 shares in the company, valued at $844,917.08. The trade was a 15.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.98% of the stock is owned by company insiders.

Trending Headlines about SPS Commerce

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

• Positive Sentiment: Company raised FY‑2026 EPS guidance well above consensus (4.42–4.50 vs. consensus ~4.07), signaling management expects stronger full‑year profitability. FY2026 Guidance & Earnings Release
• Positive Sentiment: Board strengthened with two new independent directors (Michael McConnell and Fumbi Chima), which can be viewed as governance/strategic continuity support. Board Appointments
• Neutral Sentiment: Product update — SPS introduced “MAX” capabilities inside its Agentic Supply Chain Network; incremental product progress that supports long‑term revenue mix but unclear near‑term financial impact. MAX Product Announcement
• Negative Sentiment: Quarterly revenue slightly missed analyst estimates ($192.65M reported vs. $193.6M est.), and Q1‑2026 revenue guidance ($191.6M–$193.6M) is below consensus (~$197M), raising near‑term growth concerns that likely pressured the stock. Earnings & Guidance
• Negative Sentiment: Insider selling: director Marty Reaume sold 1,000 shares (disclosed Feb. 12), which can be perceived negatively alongside the miss/guidance shortfall. Insider Sale
• Negative Sentiment: Analyst consensus is a “Hold” with many recent target cuts and downgrades; the stock is trading well below its 50‑ and 200‑day averages, increasing technical pressure. Analyst Coverage & Ratings

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SPSC. Brooklyn Investment Group bought a new stake in shares of SPS Commerce in the 4th quarter worth about $295,000. Cibc World Markets Corp acquired a new position in SPS Commerce in the fourth quarter worth about $225,000. Federated Hermes Inc. increased its holdings in SPS Commerce by 38,429.2% in the fourth quarter. Federated Hermes Inc. now owns 245,046 shares of the software maker’s stock valued at $21,841,000 after buying an additional 244,410 shares during the last quarter. QSV Equity Investors LLC acquired a new stake in SPS Commerce during the fourth quarter valued at approximately $918,000. Finally, Swiss National Bank raised its stake in SPS Commerce by 1.6% during the fourth quarter. Swiss National Bank now owns 74,800 shares of the software maker’s stock valued at $6,667,000 after buying an additional 1,200 shares in the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

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.