SPS Commerce SPSC
Supply Chain Software B2B SaaS Application Software Enterprise Software Cloud-based Software Mature SaaS

SPS Commerce trades at 3.5x EV/NTM revenue on a $2.88B enterprise value. Revenue grew 5.6% year over year to $197.8M in the quarter ending June 2026, an annual run rate of $791.0M. SPS Commerce reports a 70.2% gross margin and 51.4-month CAC payback.

ARR ($M)
791
Net Dollar Retention
--
ARR Growth
5.6%
EV / NTM Revenue
3.5x
Payback Period
51.4
EV / Run Rate
3.6x
Price & Key Metrics
Price Performance
Company Details
Share Price: 84.92
Last Filing Date: 2026-06-30
Fiscal Year End: 12-31
Last Filing: Form
Founding Year: 1987
IPO Year: 2010
% of 52 wk High: 75%
Description
SPS Commerce is a provider of cloud-based supply chain management solutions for suppliers, retailers, and distributors. Its solutions are delivered through the SPS Commerce platform and provide integrations and retail performance analytics to its customers.
Reporting Notes
Categories
Supply Chain Software B2B SaaS Application Software Enterprise Software Cloud-based Software Mature SaaS
Valuation
Market Cap: 3,057.135
Enterprise Value: 2,883.968
EV / Revenue Run Rate: 3.6x
EV / NTM Revenue: 3.5x
EV / 2026 Revenue Estimates: 3.6x
EV / 2027 Revenue Estimates: 3.4x
EV / 2028 Revenue Estimates: --
Key Business Metrics
Net Dollar Retention: --
Customers: --
ARR: 791
ARR Growth %: 6%
ARR/Customer ($K): --
ARR/Employee ($K): 268
Revenue
Revenue Run Rate: 791
ARR: 791
2026 Revenue Estimates: 797
2027 Revenue Estimates: 843
2028 Revenue Estimates: --
LTM Revenue: 772
Last Year Run Rate: 749
Growth
Revenue Growth: 6%
ARR Growth: 6%
Growth Persistence: 25%
2026 Revenue Growth Estimates: 6%
2027 Revenue Growth Estimates: 6%
2028 Revenue Growth Estimates: --
Financials
Quarterly
Calendar Year
Frequently Asked Questions

How fast is SPS Commerce growing?

SPS Commerce grew revenue 5.6% year over year, reaching $197.8M in the quarter ending June 2026.

What multiple does SPS Commerce trade at?

SPS Commerce trades at 3.5x EV/NTM revenue and 3.6x EV/run-rate, on an enterprise value of $2.88B.

Is SPS Commerce profitable?

For SPS Commerce, operating income was $8.4M last quarter and LTM free cash flow margin is 25.6%.

How long does it take SPS Commerce to pay back CAC?

SPS Commerce recovers customer acquisition cost in about 51.4 months.

What sector is SPS Commerce in?

Public Comps classifies SPS Commerce under Supply Chain Software, B2B SaaS, Application Software, Enterprise Software, Cloud-based Software, and Mature SaaS.

Where does Public Comps get SPS Commerce's data?

Figures come from SPS Commerce's own SEC filings, normalised into a consistent quarterly format and refreshed after each earnings release.