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SPS Commerce SPSC · USD

Information Technology · US listing · 🇺🇸 United States

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81.04

-1.06%

Close of 9 Nov 2026, in USD

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About SPS Commerce

From its filings with the US Securities and Exchange Commission

SEC filings

SPS Commerce is based in Minneapolis, Minnesota. Its shares trade on Nasdaq under the ticker SPSC. The SEC classifies its business as prepackaged software. In the fiscal year to 31 December 2025, it reported revenue of $751.5m and net income of $93.3m. At that date it held total assets of $1.17bn and shareholders' equity of $973.9m.

In its own words

SPS Commerce is a global supply chain network that connects retailers, brands, distributors, manufacturers, and logistics providers through shared infrastructure built to handle the complexity of modern commerce operations. Our network enables companies to connect once and immediately transact with thousands of trading partners without negotiating standards, building integrations, or maintaining compliance logic.

Our network powers our portfolio of solutions that orchestrate the critical processes, protocols, and data exchanges needed to get the right product, in the right place, at the right time, every time. We have embedded deep expertise, proven processes, and compliance logic built from over 20 years of commerce intelligence into every connection, delivering a full-service experience that empowers partners to move forward faster, together.

For the years ended December 31, 2025, 2024, and 2023, we generated revenues of $751.5 million, $637.8 million, and $536.9 million, respectively. Our quarter ended December 31, 2025 represented our 100th consecutive quarter of revenue growth. Recurring revenues from recurring revenue customers accounted for 96%, 94%, and 94% of our total revenues for the years ended December 31, 2025, 2024, and 2023, respectively. Our revenues are not concentrated with any customer, as our largest customer represented less than 1% of total revenues for the years ended December 31, 2025, 2024, and 2023.

Quoted from its 10-K, filed 19 Feb 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Information Technology
Industry
Software
Listed since
22 Apr 2010
Employees
2,948
Head office
333 SOUTH SEVENTH STREET, MINNEAPOLIS, MN, 55402
Classification
Services-Prepackaged Software
Filer status
Large accelerated filer

Leadership

Pay as last reported

  • Mr. Philip SoranIndependent Chairman of the Board, since 2010$255,400
  • Mr. Chad CollinsChief Executive Officer, Director, since 2023$14.4m
  • Ms. Kimberly NelsonChief Financial Officer, Executive Vice President$5.5m
  • Mr. Jamie ThingelstadExecutive Vice President, Chief Technology Officer$3.2m
  • Mr. Eduardo RosiniExecutive Vice President, Chief Commercial Officer
  • Ms. Funmibi ChimaIndependent Director
  • Mr. Razat GauravIndependent Director
  • Mr. Michael McconnellIndependent Director$13,300
  • Mr. Mark PartinIndependent Director
  • Ms. Marty ReaumeIndependent Director$238,270
  • Ms. Tami RellerIndependent Director$231,785
  • Ms. Anne WardIndependent Director$233,905

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
55
Environment
27
Social
89
Governance
49
Direct emissions (scope 1)
160 t
Energy emissions (scope 2)
1,453 t
Value chain emissions (scope 3)
5,530 t
Women in the workforce
36%
Carbon reduction policy
No
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • SPS Commerce Inc is a leading provider of cloud-based supply chain management solutions, offering a comprehensive software platform that enables seamless collaboration and real-time information exchange among trading partners. The key strengths of SPS Commerce Inc can be summarized as follows:

Weaknesses

  • Despite its strengths, SPS Commerce Inc faces certain weaknesses that need to be addressed in order to maintain its competitive position:

Opportunities

  • SPS Commerce Inc can leverage certain opportunities to further expand its market reach and enhance its competitive advantage:

Threats

  • SPS Commerce Inc must also be aware of potential threats that could impact its business and take proactive measures to mitigate them:

Sources and methodology

Data on this tab
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