SPS Commerce Q4 revenue rises

SPS Commerce

12/02/2026 21:17

Overview

Supply chain network's Q4 revenue grew 13% yr/yr, slightly missing analyst expectations

Adjusted EBITDA for Q4 beat analyst expectations

Company increased share repurchase program by $200 mln

Outlook

Company expects Q1 2026 revenue between $191.6 mln and $193.6 mln

SPS Commerce sees FY 2026 revenue between $798.5 mln and $806.9 mln

Result Drivers

RECURRING REVENUE GROWTH - Recurring revenue increased 14% year-over-year, indicating strong customer retention and ongoing demand

100TH QUARTER OF GROWTH - Achieved 100 consecutive quarters of revenue growth, reflecting a durable business model

ADJUSTED EBITDA INCREASE - Adjusted EBITDA rose 22% year-over-year, exceeding analyst expectations

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Miss*
$192.70 mln
$193.60 mln (10 Analysts)
Q4 Net Income
$25.8 mln
Q4 Adjusted EBITDA
Beat
$60.50 mln
$59.69 mln (9 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for SPS Commerce Inc is $102.00, about 48.8% above its February 11 closing price of $68.54

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nGNX7GcJQp

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)