SPSC
TechnologySPS Commerce, Inc. · Software - Infrastructure · $2B
What is SPS Commerce, Inc.?
SPS Commerce connects retailers, suppliers, distributors, and logistics firms through a cloud-based supply chain platform. Headquartered in Minneapolis, the company has built a network-driven model serving trading partners worldwide.
SPS Commerce generates revenue by helping businesses automate order fulfillment, comply with retailer requirements, and exchange data digitally with trading partners. Its platform replaces manual processes and legacy EDI infrastructure, enabling companies to onboard new partners faster and gain visibility across omnichannel supply chains.
Originally incorporated in 1987 as St. Paul Software, Inc., the company rebranded to SPS Commerce in 2001 and is based in Minneapolis, Minnesota.
- Fulfillment automation for retailer compliance
- Analytics for supply chain visibility
- Assortment management for accurate order handling
- Community tools for vendor onboarding
Is SPSC a Good Stock to Buy?
UQS Score rates SPSC as Good overall.
The Risk pillar stands out as the clearest positive signal, suggesting the business carries a relatively conservative financial profile. Valuation is rated Attractive, which may interest investors looking for reasonable entry points relative to the company's fundamentals.
Quality, Moat, and Growth are each rated Neutral, indicating the company has not yet differentiated itself strongly on those dimensions compared to sector peers.
See the exact pillar breakdown and full financial metrics by signing up for a Pro account at UQS Score. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does SPSC pay dividends?
No — SPS Commerce, Inc. does not currently pay a dividend.
SPS Commerce does not currently pay a dividend. As a growth-oriented software company, it reinvests available capital into platform development, network expansion, and customer acquisition rather than returning cash to shareholders through distributions.
When does SPSC report earnings?
SPS Commerce reports earnings on a quarterly cadence, typical for US-listed equities.
The company's Neutral Growth pillar suggests revenue expansion has been steady but not exceptional relative to software sector peers. Risk indicators remain favorable, pointing to a business that manages its cost structure with discipline.
For the most recent quarter's results and guidance, visit SPS Commerce's investor relations page directly.
SPSC Price History
-38.9% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in SPS Commerce, Inc.?
Based on SPS Commerce, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
Frequently Asked Questions
What does SPS Commerce do?
SPS Commerce operates a cloud-based platform that helps retailers, suppliers, grocers, distributors, and logistics firms automate supply chain processes. Its tools handle order fulfillment compliance, data exchange with trading partners, and supply chain analytics.
Does SPSC pay dividends?
No, SPS Commerce does not pay a dividend. The company focuses on reinvesting in its platform and growing its trading partner network rather than distributing cash to shareholders.
When does SPSC report earnings?
SPS Commerce follows a standard quarterly reporting schedule. For exact dates and the most recent results, check the investor relations section of the SPS Commerce website.
Is SPSC a good stock to buy?
UQS Score rates SPSC as Good overall, with an Attractive Valuation and a Good Risk profile. Quality, Moat, and Growth are each Neutral. The complete pillar breakdown is available to Pro members at UQS Score.
Is SPSC overvalued?
The UQS Valuation pillar rates SPSC as Attractive, suggesting the current price is reasonable relative to the company's fundamentals. Full valuation metrics are available in the Pro view.
What is SPSC's market cap bracket?
SPS Commerce is classified as a mid-cap company, placing it in a size range that typically offers more growth potential than large-caps while carrying more stability than small- or micro-cap peers.
Is SPSC a long-term quality indicator?
Based on the UQS framework, SPSC's strongest long-term signal is its Good Risk rating, which suggests financial stability. Neutral scores across Quality, Moat, and Growth indicate the company has room to strengthen its competitive position over time.
What sector does SPSC belong to?
SPS Commerce operates in the Technology sector, specifically within cloud-based supply chain software. It serves a broad network of retail and logistics trading partners across multiple industries.
Unlock Full SPSC Analysis
Sign in to unlock the detailed analysis behind the UQS Score.
- ✓View the complete UQS pillar breakdown across Quality, Moat, Growth, Risk, and Valuation
- ✓Access detailed financial metrics behind each pillar score
- ✓Compare SPSC against sector peers on a standardized scoring framework
- ✓Get the full analyst-style view available to Pro members
Pro Analysis
SPSC — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 20, 2026 | 58.9 | 47.5 | 51.0 | 42.6 | 74.1 | 97.5 | +0.1 |
| May 19, 2026 | 58.8 | 47.3 | 51.0 | 42.6 | 74.1 | 97.2 | +1.6 |
| May 7, 2026 | 57.2 | 45.7 | 51.0 | 42.6 | 70.5 | 92.9 | +0.3 |
| May 4, 2026 | 56.9 | 45.7 | 51.0 | 42.6 | 70.5 | 91.1 | 0.0 |
| May 3, 2026 | 56.9 | 45.7 | 51.0 | 43.0 | 70.5 | 90.3 | -0.4 |
| Apr 26, 2026 | 57.3 | 45.7 | 51.0 | 43.0 | 70.5 | 92.8 | +0.3 |
| Apr 19, 2026 | 57.0 | 45.7 | 51.0 | 43.0 | 70.5 | 91.0 | -0.4 |
| Apr 18, 2026 | 57.4 | 45.7 | 51.0 | 43.0 | 70.5 | 93.7 | -0.4 |
| Apr 14, 2026 | 57.8 | 45.7 | 51.0 | 43.0 | 70.5 | 96.1 | -0.2 |
| Apr 13, 2026 | 58.0 | 46.8 | 50.0 | 43.0 | 70.5 | 97.6 | 0.0 |
SPSC — Pillar Breakdown
Quality
— 47.2/100 (25%)SPS Commerce, Inc. has average quality metrics, with room for improvement in margins or capital efficiency.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 42.6/100 (20%)SPS Commerce, Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 74.1/100 (15%)SPS Commerce, Inc. maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 96.5/100 (15%)SPS Commerce, Inc. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 51/100 (25%)SPS Commerce, Inc. possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for SPSC.
Score Composition
Financial Data
More Stock Analysis
How is the SPSC UQS Score Calculated?
The UQS (Unified Quality Score) for SPS Commerce, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses SPS Commerce, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether SPS Commerce, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.