SPS Commerce, Inc. (SPSC) Stock

About SPS Commerce, Inc.

SPS Commerce, Inc. (SPSC) stock trades at $92.63 with a market capitalization of $3.33B. The stock is valued at a price-to-earnings (P/E) ratio of 40.30, price-to-book of 3.30, price-to-sales of 3.91. Over the past 52 weeks the stock has ranged between $49.04 and $114.87, and currently trades 19.4% below its 52-week high.

On profitability, SPS Commerce, Inc. generates a return on equity (ROE) of 8.14%, return on capital employed of 12.49%, an operating margin of 12.78%, a net profit margin of 10.10%.

SPS Commerce, Inc. by the numbers, 2016–2025

Between 2016 and 2025 SPS Commerce, Inc. reported revenue of $193.0M rising to $752.0M, a change of +289.6% across 10 years. Compounded, revenue has grown 19.2% a year over five years, 18.6% over three, 17.9% over the last twelve months. Net profit rose to $93.0M.

Operating margin went from 3.9% in 2016 to 15.7% in 2025, a gain of 11.8 percentage points. The most recent net margin is 10.10%. On a trailing twelve-month basis to Jun '26, revenue is $773.0M and net profit $79.0M.

Borrowings stand at $7.0M, cash from operations was $179.0M in the latest year, positive in 10 of the last 10.

Return on equity has averaged 9.6% over five years, and was 9.6% in the most recent year.

The share price itself has compounded at -11.0% a year over five years, -30.6% over three, -65.8% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

SPS Commerce, Inc. (SPSC) — frequently asked questions