Wall Street analyst estimates for SPS Commerce, Inc. (SPSC): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
SPS Commerce, Inc. delivers comprehensive, cloud-based solutions for supply chain management across the globe. The company's central offering is its "SPS Commerce" platform, an advanced system that enhances operations for retailers, suppliers, grocers, distributors, and logistics firms. This platform allows these businesses to streamline the management and fulfillment of omnichannel orders, boost sell-through efficiency, and automate the creation of new trading partnerships.
Consensus price target
$76.80 (-7 % vs price $82.99)
between $60.00 and $100.00 · 5 targets published in the last quarter
Closing price, Oct 30
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $789M | $788M – $789M | $5.04 | 5 |
| 2027E | $832M | $828M – $835M | $5.40 | 7 |
Figures in USD · consensus as of November 1, 2026
Analyst Consensus
| Strong Buy | 2 |
| Buy | 8 |
| Hold | 12 |
| Sell | 1 |
| Strong Sell | 0 |
| Total analysts | 23 |
| Avg rating (−2 sell to +2 buy) | 0.48 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2027-02-11 | $1.31 | ||
| 2026-10-29 | $1.39 | $1.23 | +13.0% |
| 2026-07-30 | $1.27 | $1.09 | +16.5% |
| 2026-04-30 | $1.10 | $1.02 | +7.8% |
| 2026-02-12 | $1.14 | $1.00 | +14.0% |
| 2025-10-30 | $1.13 | $0.99 | +14.1% |
| 2025-07-30 | $1.00 | $0.90 | +11.1% |
| 2025-04-24 | $1.00 | $0.84 | +19.0% |
Valuation Ratios
| P/E Ratio | 36.88 |
| Price / Book | 3.19 |
| Dividend Yield | 0.00% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $193.3M | $220.6M | $248.2M | $279.1M | $312.6M | $385.3M | $450.9M | $536.9M | $637.8M | $751.5M |
| Cost of Revenue | $64.3M | $73.6M | $81.7M | $92.2M | $99.8M | $131.7M | $153.1M | $182.1M | $210.7M | $231.6M |
| Gross Profit | $128.9M | $146.9M | $166.5M | $186.9M | $212.8M | $253.6M | $297.8M | $354.8M | $427.1M | $519.9M |
| Research & Development | $22.0M | $23.2M | $22.1M | $28.3M | $31.0M | $39.0M | $45.7M | $53.7M | $62.8M | $68.7M |
| Selling, General & Admin | $94.7M | $110.8M | $113.6M | $114.9M | $126.1M | $149.3M | $169.1M | $207.8M | $251.8M | $295.7M |
| Operating Expenses | $121.4M | $138.5M | $139.8M | $148.5M | $162.6M | $198.5M | $226.6M | $277.6M | $338.2M | $401.6M |
| Operating Income | $7.5M | $8.4M | $26.7M | $38.4M | $50.2M | $55.1M | $71.2M | $77.2M | $88.9M | $118.3M |
| EBITDA | $18.9M | $21.8M | $39.4M | $54.8M | $68.8M | $78.5M | $99.4M | $120.3M | $141.7M | $176.6M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-tax Income | $8.8M | $9.1M | $28.3M | $42.1M | $52.7M | $53.5M | $71.3M | $85.6M | $99.5M | $123.8M |
| Income Tax | $3.1M | $11.6M | $4.5M | $8.4M | $7.1M | $8.9M | $16.2M | $19.7M | $22.4M | $30.5M |
| Net Income | $5.7M | -$2.4M | $23.9M | $33.7M | $45.6M | $44.6M | $55.1M | $65.8M | $77.1M | $93.3M |
| EPS | $0.17 | -$0.07 | $0.69 | $0.96 | $1.29 | $1.24 | $1.53 | $1.80 | $2.07 | $2.46 |
| EPS (Diluted) | $0.17 | -$0.07 | $0.68 | $0.94 | $1.26 | $1.21 | $1.49 | $1.76 | $2.04 | $2.46 |
| Shares Outstanding (Diluted) | 34.5 M | 34.7 M | 35.2 M | 36.0 M | 36.3 M | 37.0 M | 37.0 M | 37.5 M | 37.9 M | 38.0 M |
Price
| Price | $82.99 (closing price, October 30, 2026) |
| Market Cap | $2.9B |
| Exchange | NASDAQ |
| Country | US |
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Explore sector: Technology · Software - Application
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