SPS Commerce (NASDAQ:SPSC) Updates Q3 2026 Earnings Guidance

SPS Commerce (NASDAQ:SPSC) updated its third quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 1.200-1.230 for the period, compared to the consensus earnings per share estimate of 1.180. The company issued revenue guidance of $196.3 million-$198.3 million, compared to the consensus revenue estimate of $202.4 million. SPS Commerce also updated its FY 2026 guidance to 4.840-4.930 EPS.

Wall Street Analyst Weigh In

SPSC has been the topic of a number of recent research reports. DA Davidson set a $55.00 target price on SPS Commerce and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Zacks Research upgraded shares of SPS Commerce from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Rothschild & Co Redburn set a $60.00 target price on shares of SPS Commerce and gave the stock a “neutral” rating in a report on Thursday, April 16th. Weiss Ratings downgraded shares of SPS Commerce from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, July 23rd. Finally, Citigroup reissued a “buy” rating and set a $82.00 price target (up from $76.00) on shares of SPS Commerce in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, SPS Commerce currently has a consensus rating of “Hold” and an average price target of $75.82.

SPS Commerce Price Performance

NASDAQ SPSC traded down $3.57 on Thursday, hitting $65.83. 531,203 shares of the stock were exchanged, compared to its average volume of 489,606. The company has a market capitalization of $2.42 billion, a PE ratio of 27.43 and a beta of 0.56. The business’s fifty day moving average is $58.53 and its 200 day moving average is $62.27. SPS Commerce has a 52 week low of $49.04 and a 52 week high of $124.08.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, July 30th. The software maker reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.19. SPS Commerce had a net margin of 11.92% and a return on equity of 12.43%. The company had revenue of $197.81 million for the quarter, compared to analyst estimates of $195.46 million. During the same period in the previous year, the business earned $1.00 EPS. SPS Commerce’s revenue for the quarter was up 5.6% compared to the same quarter last year. SPS Commerce has set its Q3 2026 guidance at 1.200-1.230 EPS and its FY 2026 guidance at 4.840-4.930 EPS. Analysts predict that SPS Commerce will post 3.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SPSC. NewEdge Advisors LLC raised its stake in SPS Commerce by 545.7% in the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock valued at $30,000 after acquiring an additional 191 shares during the period. Advisory Services Network LLC bought a new position in SPS Commerce during the third quarter worth $32,000. Advisors Asset Management Inc. increased its holdings 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 valued at $52,000 after purchasing an additional 112 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of SPS Commerce by 2,130.0% in the fourth quarter. Global Retirement Partners LLC now owns 446 shares of the software maker’s stock valued at $40,000 after purchasing an additional 426 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of SPS Commerce in the fourth quarter valued at about $45,000. 98.96% of the stock is currently owned by 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.