SPS Commerce (NASDAQ:SPSC) Releases Q1 2026 Earnings Guidance

SPS Commerce (NASDAQ:SPSC) issued an update on its first quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.950-0.990 for the period, compared to the consensus earnings per share estimate of 0.970. The company issued revenue guidance of $191.6 million-$193.6 million, compared to the consensus revenue estimate of $197.0 million. SPS Commerce also updated its FY 2026 guidance to 4.420-4.500 EPS.

SPS Commerce Trading Down 4.7%

NASDAQ SPSC traded down $3.06 during trading hours on Friday, hitting $61.69. The company’s stock had a trading volume of 851,984 shares, compared to its average volume of 613,569. The company has a market capitalization of $2.33 billion, a PE ratio of 27.78 and a beta of 0.56. SPS Commerce has a 52 week low of $61.35 and a 52 week high of $153.16. The company’s 50-day simple moving average is $87.78 and its two-hundred day simple moving average is $97.50.

Wall Street Analyst Weigh In

SPSC has been the topic of a number of analyst reports. Northland Securities set a $109.00 target price on shares of SPS Commerce in a report on Friday, October 31st. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price target (down from $160.00) on shares of SPS Commerce in a report on Friday, October 31st. DA Davidson reduced their price objective on shares of SPS Commerce from $125.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Wall Street Zen lowered shares of SPS Commerce from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Finally, Citigroup reiterated a “buy” rating on shares of SPS Commerce in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $92.00.

Insider Buying and Selling at SPS Commerce

In related news, Director Marty M. Reaume sold 1,732 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $92.26, for a total transaction of $159,794.32. Following the completion of the sale, the director directly owned 9,158 shares in the company, valued at approximately $844,917.08. The trade was a 15.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.98% of the stock is owned by insiders.

More SPS Commerce News

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

• Positive Sentiment: Q4 EPS beat expectations — SPS reported $1.14 EPS vs. the Zacks consensus $1.00 and up from $0.89 a year ago; revenue was up 12.7% year‑over‑year. The EPS beat supports profitability momentum. Zacks: Q4 Earnings Beat
• Positive Sentiment: FY‑2026 EPS guidance raised — Management issued FY EPS guidance of $4.42–$4.50, above consensus (~$4.07), indicating confidence in full‑year earnings leverage despite near‑term revenue pressures. MarketBeat: Earnings Report
• Positive Sentiment: Board strengthening — SPS added two independent directors (Michael McConnell and Fumbi Chima), which can be positive for governance and strategic oversight. GlobeNewswire: Board Appointments
• Neutral Sentiment: Revenue and guidance nuance — Q4 revenue was $192.65M vs. estimates ~$193.6M (a small miss). Full‑year revenue guidance ($798.5M–$806.9M) is roughly in line with consensus (~$807.2M) but on the low side of expectations. These items temper the EPS beats. MarketBeat: Revenue Details
• Neutral Sentiment: Earnings call materials available — The full Q4 earnings call transcript, slide deck and press release are published for detailed read‑throughs of customer win trends, margin drivers and ARR commentary. Useful for modeling adjustments. Seeking Alpha: Call Transcript
• Negative Sentiment: Near‑term revenue guide missed Street view — Q1 FY‑2026 revenue guidance ($191.6M–$193.6M) is below the ~$197M consensus, indicating softer near‑term demand or implementation timing issues. This was the primary catalyst weighing on the stock. MarketBeat: Q1 Guidance
• Negative Sentiment: Insider sale disclosed — Director Marty Reaume sold 1,000 shares (~$80k). Size is small but will be noted by investors monitoring insider activity. InsiderTrades: Insider Sale

Institutional Trading of SPS Commerce

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. raised its holdings in shares of SPS Commerce by 39.9% during 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 in the last quarter. State of Wyoming raised its stake in SPS Commerce by 10.8% during the fourth quarter. State of Wyoming now owns 1,792 shares of the software maker’s stock valued at $160,000 after purchasing an additional 174 shares in the last quarter. NewEdge Advisors LLC raised its stake in SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock valued at $30,000 after purchasing an additional 191 shares in the last quarter. AQR Capital Management LLC lifted its position in SPS Commerce by 2.0% during the first quarter. AQR Capital Management LLC now owns 14,134 shares of the software maker’s stock valued at $1,876,000 after purchasing an additional 275 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of SPS Commerce by 0.4% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 70,706 shares of the software maker’s stock worth $7,422,000 after buying an additional 285 shares in the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

SPS Commerce Company Profile

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.