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SPS Commerce reported Q3 2026 revenue of $197.6 million, up 4%, and adjusted EBITDA of $70.9 million, up 17%, while guiding Q4 revenue from $199.3 million to $201.3 million and adjusted EBITDA from $72.0 million to $74.0 million.
SPS Commerce reported three-month revenues of 197,647 thousand U.S. dollars, net income of 30,683 thousand and Adjusted EBITDA of 70,868 thousand; recurring revenue customers fell 15% to approximately 46,700 after the 3P divestiture.
SPS Commerce reported third-quarter revenue of $197.6 million, up 4%, net income of $30.7 million or $0.85 per diluted share, and Adjusted EBITDA of $70.9 million, up 17%. Fiscal Year 2026 revenue guidance is $786.9 million to $788.9 million.
Useful current figures from the complete screener profile.
* Q4 derived as the full year minus Q1 to Q3.
TL;DR. Q3 revenue grew 4% to $197.6 million, adjusted EBITDA increased 17% to $70.9 million at a 36% margin, and trailing-12-month free cash flow increased 37% to $202.6 million; FY2026 guidance calls for approximately 5% reported revenue growth, high-single-digit underlying growth, and a 34% adjusted EBITDA margin. Amazon policy changes and faster take-rate-to-subscription conversions drove the guidance reduction, while MAX became available to all fulfillment customers, accelerated onboarding helped win customers, and management expects to monetize AI-powered solutions next year.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Illustrative technical + ownership context — a signal mix, not investment advice.
| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $66.6M | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net income 6.86M
+3.55M Income tax expense
+6.15M Depreciation and amortization of property and equipment
+9.38M Amortization of intangible assets
+18.7M Stock-based compensation expense
-402K Realized gain from investments and foreign currency transactions
-1.21M Investment income
+23.45M Loss on sale of business
+154K Other
= Adjusted EBITDA 66.63M
|
|||
| Adjusted EBITDA Margin non-GAAP | 32% | Six Months Ended June 30, 2026 | — |
| ARPU | $15,100 | the three months ended June 30, 2026 filing | — |
| Non-GAAP income non-GAAP | $46.38M | the three months ended June 30, 2026 filing | — |
| Non-GAAP income per share, basic non-GAAP | $2.37 | Six Months Ended June 30, 2026 | — |
| Non-GAAP income per share, diluted non-GAAP | $2.36 | Six Months Ended June 30, 2026 | — |
| Recurring revenues | $190.4M | the three months ended June 30, 2026 filing | — |
| Share repurchases | $51.2M | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
SPSC
this stock
Sps Commerce Inc
|
$2.88B | -8.8% | +14.1% | 36.0 | 7.0% |
|
SAP
Sap SE
|
$271.12B | -3.3% | — | — | 0.2% |
|
QH
QUHUO Ltd
|
$268.05B | +181.9% | +59.7% | — | 0.0% |
|
SHOP
Shopify Inc.
|
$189.23B | -8.6% | +30.1% | 89.2 | 1.5% |
|
CRM
Salesforce, Inc.
|
$179.28B | -17.8% | +25.9% | 19.9 | 3.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
SPS Commerce reported three-month revenues of 197,647 thousand U.S. dollars, net income of 30,683 thousand and Adjusted EBITDA of 70,868 thousand; recurring revenue customers fell 15% to approximately 46,700 after the 3P divestiture.
View| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| SPSC | -0.7% | -4.6% | +51.8% | -2.0% | -8.8% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -3.3% | -3.5% | +51.3% | -1.9% | -19.4% |
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
