SPS Commerce Reports Strong Third Quarter 2026 Financial Results
Key Highlights
- ➤Revenue $197.6 million, up 4% year over year in Q3 2026
- ➤Non-GAAP income per diluted share rose to $1.39 from $1.13
- ➤Adjusted EBITDA increased 17% to $70.9 million
- ➤Fiscal 2026 revenue guidance is $786.9-$788.9 million, approximately 5% growth
- ➤Fiscal 2026 Adjusted EBITDA guidance implies 34% margin, up approximately 330 basis points
Expert Statements
Chad Collins, CEO of SPS Commerce
“The progress we have made to date with our agentic transformation initiatives – both across our product portfolio and internally – has exceeded my expectations. I want to recognize all of Team SPS for their agentic-first mindset and commitment to this transformation. With our agentic strategy advancing, we are uniquely positioned to deliver sustainable, profitable growth, backed by the combination of AI and SPS’ intelligent network – a powerful and durable competitive moat that no one else can match.”
Joe Del Preto, CFO of SPS Commerce
“Our third quarter financial results clearly demonstrate the strong operating leverage embedded in our business model. Continued margin expansion underscores both our commitment to disciplined cost management and the tangible efficiency gains we’re unlocking through agentic customer onboarding.”
MINNEAPOLIS, Oct. 29, 2026 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), the leading intelligent supply chain network, today announced financial results for the third quarter ended September 30, 2026.
Third Quarter 2026 Financial Highlights * Revenue was $197.6 million in the third quarter of 2026, compared to $189.9 million in the third quarter of 2025, reflecting 4% growth, which was partially offset by the divestiture of the 3P Revenue Recovery business completed in the second quarter of 2026, and variability in the 1P Revenue Recovery take rate model. * Recurring revenue grew 4% from the third quarter of 2025. * Net income was $30.7 million or $0.85 per diluted share, compared to net income of $25.6 million or $0.67 per diluted share in the third quarter of 2025. * Non-GAAP income was $50.2 million or $1.39 per diluted share, compared to non-GAAP income of $43.0 million or $1.13 per diluted share in the third quarter of 2025. * Adjusted EBITDA for the third quarter of 2026 increased 17% to $70.9 million compared to the third quarter of 2025. * Share repurchases in the third quarter of 2026 totaled $48.8 million. “The progress we have made to date with our agentic transformation initiatives – both across our product portfolio and internally – has exceeded my expectations. I want to recognize all of Team SPS for their agentic-first mindset and commitment to this transformation,” said Chad Collins, CEO of SPS Commerce. “With our agentic strategy advancing, we are uniquely positioned to deliver sustainable, profitable growth, backed by the combination of AI and SPS’ intelligent network – a powerful and durable competitive moat that no one else can match.”
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