SPS Commerce stock
SPSCNASDAQSPS Commerce, Inc., TechnologyISIN US78463M1071
70Score 70 out of 100, Strong
Price and trend
62 / 100
Price history
+0.3% in one yearThe chart shows daily closes over 17 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 21% above it.
Since September 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Sharply down: the price has fallen very quickly lately (RSI 23).
The price is 14% below its 52-week high. Largest decline in 17 years: 77% (July 2024 to May 2026).
Chart figures for advanced users
- SMA 50$83.45
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$67.72
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)23
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$49.91
- The lowest closing price of the last twelve months.
- Resistance$95.48
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- SPS Commerce, Inc. belongs to the Software (Application) industry (United States) and, with a market value of $2.92B, is number 96 of 189 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $751.51M (up 17.8% year on year) and earnings of $93.34M (up 21.1%).
- For fiscal 2026, analysts expect on average revenue of $788.24M (up 4.9%) and adjusted earnings per share of $5.09 (up 19.2%).
Show more
- MEQIRI Score 70 out of 100 (Strong): rank 234 of 857 in Technology, median 61.
- The P/E is 35.8 (Software (Application) median 30.8, own median of recent years 84.1).
- Our model puts fair value at $89.96, with the price 8% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Earnings turn into cashFree cash flow 244% of earnings over the last 12 months.Fundamentals 86
- More cash than debtCash $183.5M, financial debt $6.62M.Stability 83
- Earnings per share growingUp 13.8% a year since 2020.Growth 83
Weaknesses
None of our weakness checks flags anything. Crash risk is measured separately.
Its standout strengths are fundamentals and growth, while valuation holds the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Fundamentals are strong, with stable profits and strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among smaller stocks.
From 2016 to 2025, 20 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- high price swings
- high growth grade (crashed more often in the backtest)
What lowers it
- solid fundamentals
Valuation
Valuation signal
Fairly valuedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $64.26 and expensive above $149.94 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $109.32 (cash-flow model) and $70.61 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 9.5%. At 10.5% the fair value would be $81.65, at 8.5% it would be $101.82.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (30.8).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 6.9% on the twelve months before. Revenue has grown strongly since 2007, at around 21% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 69%, operating 16%, net 12%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with low debt and comfortable interest coverage.
Earnings
- Next earnings
- 11 Feb 2027in 91 days
- Last reported
- 29 Oct 2026EPS reported $1.39 (expected $1.23)above expectations
Analyst estimates
Analysts have raised their 2026 earnings estimate by 3.8% since 15 Oct 2026.
- Earnings per share
- $5.09+3.8%
- Revenue
- $788.24M−0.3%
- Earnings per share
- $5.47+2.7%
- Revenue
- $830.87M−1.1%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: +5.7%2026 guidance given: revenue of $788 million to $793.4 million and adjusted EBITDA of $265 million to $269.1 million, with no comparison to before; a divestiture lowers revenue by about $10.5 million.
“For the full-year 2026, we expect revenue to be in the range of $788 million to $793.4 million, representing approximately 5% growth over 2025 at the midpoint of the guided range.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 30 Jul 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases in the last 6 months. 2 insiders sold, $1.31M in total.
Sales say less than purchases: many insiders sell on a fixed plan, for taxes or to diversify.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at SPS Commerce
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
857 rated companies in Technology
- This company
- 70
- Sector median
- 61
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Software (Application)
The next larger and next smaller companies by market value
- Via TransportationVIA $3.32B42
- monday.comMNDY $3.28B56
- Alarm.com HoldingsALRM $3.25B73
- FreshworksFRSH $3.17B74
- VertexVERX $2.89B48
- Wix.comWIX $2.86B44
- FastlyFSLY $2.78B39
- VusionGroupVU.PA $2.74B65
ETFs that hold SPS Commerce
Held by 15 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| L&G Ecommerce Logistics UCITS ETFETLH | 1.95% | 0.49% | €62.57M |
| WisdomTree Cloud Computing UCITS ETF USD AccWTEJ | 1.48% | 0.40% | €300.71M |
| iShares S&P SmallCap 600 UCITS ETFIUS3 | 0.17% | 0.30% | €2.28B |
Show 5 more
| L&G Russell 2000 US Small Cap Quality UCITS ETFETLZ | 0.14% | 0.30% | €185.82M |
| State Street SPDR Russell 2000 U.S. Small Cap UCITS ETF (Acc)ZPRR | 0.10% | 0.30% | €4.22B |
| Xtrackers Russell 2000 UCITS ETF 1CXRS2 | 0.10% | 0.30% | €2.17B |
| iShares MSCI World Small Cap CTB Enhanced ESG UCITS ETFCBUG | 0.09% | 0.35% | €434.1M |
| iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETFSXRG | 0.09% | 0.43% | €2.48B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 25 Sep 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.