SPS Commerce (NASDAQ:SPSC) Releases Q3 2025 Earnings Guidance

Key Points

• SPS Commerce has updated its Q3 2025 earnings guidance, projecting earnings per share (EPS) between 0.960 and 1.000, and revenue guidance of $191.7 million to $193.2 million.
• Several analysts have rated SPS Commerce positively, with an average rating of "Moderate Buy" and a consensus target price of $187.00.
• As of the latest trading session, SPS Commerce stock is down 0.4%, trading at $139.56 with a market cap of approximately $5.30 billion.

SPS Commerce (NASDAQ:SPSC - Get Free Report) issued an update on its third quarter 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.960-1.000 for the period, compared to the consensus earnings per share estimate of 0.991. The company issued revenue guidance of $191.7 million-$193.2 million, compared to the consensus revenue estimate of $192.8 million. SPS Commerce also updated its FY 2025 guidance to 3.990-4.040 EPS.

SPS Commerce Stock Performance

Shares of NASDAQ:SPSC traded down $4.98 during trading hours on Friday, hitting $103.88. 817,312 shares of the company's stock traded hands, compared to its average volume of 365,464. SPS Commerce has a 52 week low of $103.18 and a 52 week high of $204.21. The company's fifty day simple moving average is $137.36 and its two-hundred day simple moving average is $143.69. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 47.65 and a beta of 0.71.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.10. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The company had revenue of $187.40 million during the quarter, compared to analyst estimates of $185.88 million. During the same quarter last year, the firm posted $0.80 EPS. The business's revenue for the quarter was up 22.0% on a year-over-year basis. On average, analysts anticipate that SPS Commerce will post 2.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SPSC has been the subject of several research reports. DA Davidson lowered shares of SPS Commerce from a "strong-buy" rating to a "hold" rating and reduced their price objective for the company from $175.00 to $125.00 in a research report on Thursday. Stifel Nicolaus reduced their price objective on shares of SPS Commerce from $175.00 to $165.00 and set a "buy" rating for the company in a research note on Thursday. Wall Street Zen raised shares of SPS Commerce from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Morgan Stanley reduced their price objective on shares of SPS Commerce from $180.00 to $170.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, Robert W. Baird upped their price objective on shares of SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, SPS Commerce has a consensus rating of "Moderate Buy" and a consensus price target of $165.80.

Institutional Trading of SPS Commerce

Hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its position in shares of SPS Commerce by 2.0% in the first quarter. AQR Capital Management LLC now owns 14,134 shares of the software maker's stock worth $1,876,000 after purchasing an additional 275 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of SPS Commerce by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker's stock worth $52,000 after purchasing an additional 112 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of SPS Commerce by 545.7% in the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock worth $30,000 after purchasing an additional 191 shares in the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.