Earnings summaries and quarterly performance for SPS COMMERCE.
Executive leadership at SPS COMMERCE.
Chad Collins
Detailed
Chief Executive Officer
CEO
DJ
Dan Juckniess
Detailed
Executive Vice President & Chief Revenue Officer
ER
Eduardo Rosini
Detailed
Executive Vice President & Chief Commercial Officer
JT
Jamie Thingelstad
Detailed
Executive Vice President & Chief Technology Officer
KN
Kimberly Nelson
Detailed
Executive Vice President & Chief Financial Officer
Board of directors at SPS COMMERCE.
Research analysts who have asked questions during SPS COMMERCE earnings calls.
Dylan Becker
William Blair
6 questions for SPSC
Also covers: AIOT, AZPN, BLND +16 more
LB
Lachlan Brown
Redburn Atlantic
6 questions for SPSC
Also covers: DSGX, MANH
Nehal Chokshi
Northland Capital Markets
6 questions for SPSC
Also covers: AGYS, ALLT, AVPT +13 more
Jeff Van Rhee
Craig-Hallum Capital Group LLC
5 questions for SPSC
Also covers: AKAM, ALKT, ASUR +18 more
Parker Lane
Stifel Financial Corp.
4 questions for SPSC
Also covers: BLKB, BRZE, CXM +15 more
Scott Berg
Needham & Company, LLC
4 questions for SPSC
Also covers: AMPL, BILL, BRZE +24 more
George Kurosawa
Citigroup Inc.
3 questions for SPSC
Also covers: BOX, DBX, INTA +6 more
George Michael Kurosawa
Citigroup
3 questions for SPSC
Also covers: BL, MANH, OTEX +2 more
Joseph Vruwink
Baird
3 questions for SPSC
Also covers: ADSK, ANSS, BSY +13 more
Mark Schappel
Loop Capital Markets
3 questions for SPSC
Also covers: ALTR, AZPN, DSGX +12 more
Matt Vanvliet
Cantor Fitzgerald
3 questions for SPSC
Also covers: AGYS, BL, BRZE +8 more
Christopher Quintero
Morgan Stanley
2 questions for SPSC
Also covers: BILL, BL, BOX +8 more
Matthew Kikkert
Stifel Financial
2 questions for SPSC
Also covers: BLKB, ENFN, GWRE +6 more
TM
Tim Monto
Loop Capital
2 questions for SPSC
Daniel Hibshman
Craig-Hallum Capital Group LLC
1 question for SPSC
Also covers: AKAM, BKSY, CRNC +9 more
Ian Black
Needham & Company
1 question for SPSC
Also covers: AMPL, BILL, DOCU +5 more
MC
Mark Chappell
Loop Capital Markets
1 question for SPSC
Also covers: PEGA
QG
Quinton Gabrielli
Piper Sandler
1 question for SPSC
Also covers: DGII, FIVN, MANH +1 more
Robert Morelli
Needham & Company, LLC
1 question for SPSC
Also covers: FRSH, ONTF, PRO +2 more
WJ
Will Jellison
D.A. Davidson & Co.
1 question for SPSC
Also covers: ADSE, BL, BWXT +4 more
Recent press releases and 8-K filings for SPSC.
SPS Commerce Reports Q4 and Full Year 2025 Results, Provides 2026 Guidance, and Announces CFO Transition
SPSC
Earnings
Guidance Update
CFO Change
- SPS Commerce reported Q4 2025 revenue of $192.7 million, a 13% increase over the prior year, marking its 100th consecutive quarter of revenue growth. For the full year 2025, revenue grew 18% to $751.5 million, with adjusted EBITDA increasing 24% to $231.4 million.
- The company provided Q1 2026 revenue guidance in the range of $191.6 million-$193.6 million and fully diluted EPS guidance of $0.46-$0.49. For the full year 2026, revenue is expected to be between $798.5 million-$806.9 million, and fully diluted EPS between $2.50-$2.58.
- CFO Kim Nelson announced her intent to retire, and Joseph Del Preto will assume the CFO role on March 16, 2026. Additionally, two new independent directors were added to the board.
- The board approved an increase of $200 million in the current share repurchase program, bringing the total authorization to $300 million effective December 1, 2025.
- SPS Commerce launched AI-enabled products called "Max," which include chat, monitor, and agent-to-agent communication features within its fulfillment product.
Feb 12, 2026, 9:30 PM
SPS Commerce Reports Q4 2025 Results, Issues 2026 Guidance, and Announces CFO Transition
SPSC
Earnings
Guidance Update
CFO Change
- SPS Commerce reported Q4 2025 revenue of $192.7 million, a 13% increase year-over-year, and full-year 2025 revenue of $751.5 million, an 18% increase.
- For Q1 2026, the company expects revenue between $191.6 million and $193.6 million and fully diluted EPS between $0.46 and $0.49. Full-year 2026 guidance projects revenue between $798.5 million and $806.9 million and fully diluted EPS between $2.50 and $2.58.
- Kim Nelson, CFO, announced her retirement after nearly 20 years, with Joseph Del Preto appointed as the new CFO effective March 16, 2026.
- The board approved an increase of $200 million in the share repurchase program, bringing the total authorization to $300 million, effective December 1, 2025.
- The company launched AI-enabled products (Max agentic AI solutions) and acquired Carbon6 in 2025 to extend its network reach.
Feb 12, 2026, 9:30 PM
SPS Commerce Reports Q4 and Full-Year 2025 Results, Announces CFO Retirement and New AI Product
SPSC
Earnings
CFO Change
Share Buyback
- SPS Commerce achieved its 100th consecutive quarter of revenue growth in Q4 2025, with full-year 2025 revenue reaching $751.5 million, an 18% increase, and Q4 2025 revenue at $192.7 million, up 13% year-over-year.
- The company issued Q1 2026 revenue guidance of $191.6 million-$193.6 million and full-year 2026 revenue guidance of $798.5 million-$806.9 million. The board also approved an increase of $200 million in the share repurchase program, bringing the total authorization to $300 million.
- CFO Kim Nelson announced her retirement, effective March 16, 2026, with Joseph Del Preto appointed as the new CFO. Additionally, SPS Commerce launched Max, new AI functionality embedded in its supply chain network.
Feb 12, 2026, 9:30 PM
SPS Commerce Appoints New Independent Directors, Enters Cooperation Agreement, and Increases Share Repurchase Authorization
SPSC
Board Change
Share Buyback
- SPS Commerce, Inc. appointed Michael McConnell and Fumbi Chima as independent directors, effective immediately, and entered into a cooperation agreement with Anson Funds Management LP on February 12, 2026.
- Mr. McConnell will join the Finance & Strategy Committee, and Ms. Chima will join the Audit Committee. Sven Wehrwein will not stand for re-election at the 2026 annual meeting due to age limitations, resulting in a nine-director Board after the meeting, with eight independent.
- The cooperation agreement includes standstill provisions for Anson Funds, limiting their beneficial ownership to no more than 9.9% of outstanding common stock, and requires them to vote in favor of the Company's director nominees and Board recommendations (with exceptions).
- SPS Commerce also announced an increase in its share repurchase authorization to $300 million.
Feb 12, 2026, 9:10 PM
SPS Commerce Reports Q4 and FY 2025 Financial Results, Announces CFO Change and Share Repurchase Increase
SPSC
Earnings
CFO Change
Share Buyback
- SPS Commerce reported Q4 2025 revenue of $192.7 million, a 13% increase from Q4 2024, and full-year 2025 revenue of $751.5 million, an 18% increase from 2024.
- Net income for Q4 2025 was $25.8 million ($0.68 per diluted share) and $93.3 million ($2.46 per diluted share) for the full year 2025.
- Joseph Del Preto has been appointed as the new Executive Vice President and Chief Financial Officer, effective March 16, 2026, succeeding Kimberly Nelson who is retiring.
- The Board of Directors approved an additional $200.0 million in repurchase authority under the share repurchase program, bringing the total authorized amount to $300.0 million.
- For Q1 2026, revenue is expected to be between $191.6 million and $193.6 million, and for fiscal year 2026, revenue is projected to be between $798.5 million and $806.9 million.
Feb 12, 2026, 9:08 PM
SPS Commerce Appoints New Independent Directors and Increases Share Repurchase Authorization
SPSC
Board Change
Share Buyback
- SPS Commerce appointed Michael McConnell and Fumbi Chima as new independent directors, effective immediately.
- Michael McConnell will join the Finance & Strategy Committee, and Fumbi Chima will join the Audit Committee.
- The company announced an increase in its share repurchase authorization to $300 million.
- These appointments and the share repurchase increase are in connection with a cooperation agreement with Anson Funds Management LP.
- Following the 2026 annual meeting, the SPS Board will comprise nine directors, with eight being independent.
Feb 12, 2026, 9:07 PM
SPS Commerce Reports Q4 and Full-Year 2025 Financial Results, Announces CFO Transition and Increased Share Repurchase Program
SPSC
Earnings
CFO Change
Share Buyback
- SPS Commerce reported strong financial results for Q4 2025 and Fiscal Year 2025, with revenue growing 13% to $192.7 million in Q4 2025 and 18% to $751.5 million for the full year, marking its 100th consecutive quarter of revenue growth.
- For Q4 2025, net income was $25.8 million or $0.68 per diluted share, and non-GAAP income per diluted share was $1.14. For Fiscal Year 2025, net income was $93.3 million or $2.46 per diluted share, with non-GAAP income per diluted share at $4.27.
- The company provided guidance for Q1 2026, expecting revenue between $191.6 million and $193.6 million, and for Fiscal Year 2026, projecting revenue between $798.5 million and $806.9 million.
- SPS Commerce announced the planned retirement of Chief Financial Officer Kim Nelson and the appointment of Joseph Del Preto as her successor, effective March 16, 2026.
- The Board of Directors approved an additional $200.0 million in repurchase authority, increasing the total authorized share repurchase program to $300.0 million.
Feb 12, 2026, 9:05 PM
SPS Commerce Discusses Q3 Performance, 2026 Guidance, and Strategic Outlook
SPSC
Guidance Update
Demand Weakening
M&A
- SPS Commerce's revenue recovery business underperformed in Q3, primarily due to seasonality around Amazon Prime Day and a one-time impact from Amazon's changes to inventory shipment limits for 3P suppliers. The more strategic 1P (wholesale) segment remains unaffected by these headwinds.
- The company's M&A strategy focuses on EDI market consolidation, new solution areas, and potential geographic expansion, with a near-term priority on integrating the recently acquired revenue recovery businesses.
- SPS Commerce provided preliminary 2026 guidance for organic growth in the lower end of high single digits and reiterated an expectation of 200 basis points of annual EBITDA margin expansion.
- Gross margin improvements, driven by growing into prior investments and efficiencies from AI, are the primary source for the expected margin expansion.
Jan 13, 2026, 5:45 PM
SPS Commerce Discusses Revenue Recovery Performance and Updated Financial Outlook at Needham Conference
SPSC
Guidance Update
M&A
Demand Weakening
- SPS Commerce reported that the underperformance of its revenue recovery business in Q3 was primarily driven by seasonality around Amazon Prime Day in Q2 and a one-time impact from Amazon's change in inventory shipment limits for third-party suppliers, which will also affect Q4. The majority of the revenue recovery business is in the 1P area, which has not seen the same headwinds as the 3P side.
- The company views M&A as a mid-to-long term lever for growth, focusing on EDI market consolidation, new solution areas, and geographic expansion. However, in the near term, SPS Commerce is stabilizing and integrating the recently acquired revenue recovery businesses, which have different revenue models (SaaS vs. take-rate).
- SPS Commerce provided an updated medium-term view for top-line growth of high single digits excluding M&A, with an annual EBITDA margin expansion of 200 basis points. Preliminary guidance for 2026 indicates top-line growth at the lower end of high single digits and a 200 basis point EBITDA margin expansion.
- The 200 basis points of annual EBITDA margin expansion is expected to come primarily from gross margin improvements, driven by growing into prior investments and efficiencies from AI, with additional opportunities in sales and marketing, and G&A.
Jan 13, 2026, 5:45 PM
SPS Commerce Discusses Revenue Recovery, Growth Strategy, and 2026 Outlook
SPSC
Guidance Update
M&A
Management Change
Demand Weakening
- SPS Commerce experienced underperformance in Q3 primarily due to its revenue recovery business, attributed to seasonality around Amazon Prime Day and a one-time Amazon inventory change impacting 3P suppliers. This impact is expected to flow into Q4 and 2025.
- The company updated its medium-term top-line growth view to high single digits excluding M&A, with 200 basis points of annual EBITDA margin expansion. The preliminary view for 2026 organic growth is at the lower end of high single digits, maintaining the 200 basis points EBITDA margin expansion.
- SPS Commerce plans to continue M&A for EDI consolidation, new solution areas like revenue recovery, and potential geographic expansion in Europe. Near-term M&A focus is on integrating the recent revenue recovery acquisitions.
- The company appointed Eduardo as the new Chief Commercial Officer, bringing experience in larger go-to-market organizations, customer treatment strategies, international operations, and the ERP ecosystem.
- SPS Commerce's go-to-market strategy focuses on driving more trading partner connections for existing customers and an up-market trajectory by servicing larger customers, often driven by ERP system change-outs.
Jan 13, 2026, 5:45 PM
Quarterly earnings call transcripts for SPS COMMERCE.
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