Every material Form 8-K SPS Commerce has filed with the SEC since July 25, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
SPS Commerce reported third quarter 2026 results on October 29, 2026. Revenue rose 4% to $197.6 million and net income rose to $30.7 million, or $0.85 per diluted share, from $25.6 million, or $0.67, a year earlier. The company also issued fourth quarter and full year 2026 guidance, which includes a reduction of about $10.5 million in second half revenue from the June 30, 2026 divestiture of its 3P Revenue Recovery business.
Q3 2026 revenue was $197.6 million, up from $189.9 million in Q3 2025, a 4% increase.
Q3 2026 net income was $30.7 million, or $0.85 per diluted share, versus $0.67 in Q3 2025; adjusted EBITDA rose 17% to $70.9 million.
Q4 2026 revenue guidance is $199.3 million to $201.3 million; full year 2026 revenue guidance is $786.9 million to $788.9 million.
The company repurchased $48.8 million of its shares in Q3 2026, and nine-month net income fell to $57.3 million from $67.5 million after a $23.5 million loss on sale of business.
SPS Commerce reported second quarter 2026 results, with revenue up 6% to $197.8 million and Adjusted EBITDA up 19% to $66.6 million. GAAP net income fell to $6.9 million, or $0.19 per diluted share, from $19.7 million, or $0.52, a year earlier, mainly due to a $23.5 million loss on the sale of a business. The company also issued updated 2026 guidance that reflects the June 30, 2026 divestiture of its 3P Revenue Recovery business.
Q2 2026 revenue was $197.8 million, up from $187.4 million in Q2 2025; net income was $6.9 million, or $0.19 per diluted share, versus $0.52 a year earlier.
Non-GAAP income was $46.4 million, or $1.27 per diluted share, compared with $1.00 in Q2 2025.
Guidance reflects a reduction of approximately $10.5 million in second half 2026 revenue from the 3P Revenue Recovery divestiture.
Full year 2026 revenue guidance is $788.4 million to $793.4 million, or 5% to 6% growth over 2025.
SPS Commerce disclosed that former Chief Financial Officer Kimberly Nelson's retirement will take effect June 1, 2026. The board committee waived a six-month notice requirement, so her outstanding equity awards will be treated under the retirement provisions of her award agreements, and she will receive no cash payments or severance.
Kimberly Nelson's effective retirement date is June 1, 2026, set on May 20, 2026.
Joseph Del Preto became Executive Vice President and Chief Financial Officer on March 16, 2026, and Nelson left the CFO role that day.
The Compensation & Talent Committee waived the six-month notice requirement on May 20, 2026.
Nelson will not receive any cash payments or other severance.
SPS Commerce reported first quarter 2026 revenue of $192.1 million, up 6% from $181.5 million a year earlier, while GAAP net income fell to $19.7 million, or $0.53 per diluted share, from $22.2 million, or $0.58. The company also issued second quarter and full year 2026 guidance, with full year revenue expected at $796.0 million to $802.0 million, and reported $47.1 million in share repurchases in the quarter.
Q1 2026 revenue was $192.1 million, up 6% from $181.5 million; recurring revenue grew 7%.
GAAP diluted EPS was $0.53 versus $0.58 a year earlier; non-GAAP diluted EPS was $1.10 versus $1.00.
Adjusted EBITDA rose 7% to $57.9 million.
Q2 2026 revenue is guided to $194.5 million to $196.5 million; full year 2026 revenue is guided to $796.0 million to $802.0 million.
SPS Commerce amended all outstanding performance stock unit awards held by its executive officers, including retired executives, to a single revised PSU Agreement effective April 10, 2026. The change makes treatment of 2024 awards consistent with 2025 and 2026 awards, and the new agreement will also apply to future grants.
Effective date of the amended PSU Agreement is April 10, 2026
2024 PSUs had single-trigger vesting; 2025 and 2026 PSUs had double-trigger vesting
Under the new agreement, accelerated vesting generally requires termination without cause or good-reason resignation within one year after a change in control, or the surviving entity failing to continue or assume the awards
SPS Commerce appointed Michael McConnell and Fumbi Chima to its board under a cooperation agreement with Anson Funds Management LP, which expanded the board to ten members. The company also said its share repurchase authorization was increased to $300 million, and director Sven Wehrwein will not stand for reelection at the 2026 annual meeting. The filing contains no financial results, and Anson agreed to standstill terms, including a limit on buying more than 9.9% of the company's common stock.
Board increased to ten; McConnell and Chima appointed effective February 12, 2026, with McConnell joining the Finance & Strategy Committee and Chima joining the Audit Committee.
Anson agreed to vote for the company's director nominees at the 2026 annual meeting and to customary standstill terms, including not purchasing more than 9.9% of outstanding common stock.
Sven Wehrwein, a director since 2008, will not stand for reelection at the 2026 annual meeting under the company's age limit.
CEO Chad Collins said the share repurchase authorization was increased to $300 million.
SPS Commerce reported fourth-quarter 2025 revenue of $192.7 million, up 13%, and net income of $25.8 million, or $0.68 per diluted share, versus $17.6 million, or $0.46, a year earlier. The board also named Joseph Del Preto as Chief Financial Officer effective March 16, 2026, succeeding Kimberly Nelson, who is retiring, and added $200.0 million to the share repurchase authority.
Q4 2025 revenue was $192.7 million, up from $170.9 million; net income was $25.8 million, or $0.68 per diluted share, versus $0.46 a year earlier.
Fiscal 2026 revenue guidance is $798.5 million to $806.9 million, representing 6% to 7% growth over 2025.
Joseph Del Preto joins as Executive Vice President and CFO effective March 16, 2026, succeeding Kimberly Nelson, who is retiring.
Repurchase authority rises by $200.0 million to a total of $300.0 million, with the program expiring December 1, 2027.
SPS Commerce reported third-quarter 2025 revenue of $189.9 million, up 16% from a year earlier, and net income of $25.6 million, or $0.67 per diluted share, versus $0.62 in the prior-year quarter. It gave fourth-quarter revenue guidance of $192.7 million to $194.7 million and said its chief revenue officer will retire at year-end, replaced by a new chief commercial officer. The board also authorized a share repurchase program of up to $100.0 million, effective December 1, 2025.
Q3 2025 revenue was $189.9 million, up from $163.7 million, with net income of $25.6 million, or $0.67 per diluted share, versus $0.62 a year earlier
Fourth-quarter 2025 revenue is expected at $192.7 million to $194.7 million, or 13% to 14% growth; fiscal 2025 revenue is expected at $751.6 million to $753.6 million
Eduardo Rosini will become Executive Vice President and Chief Commercial Officer on December 1, 2025; Daniel Juckniess, Chief Revenue Officer, retires December 31, 2025
Board authorized repurchases of up to $100.0 million of common stock, effective December 1, 2025 and expiring December 1, 2027
SPS Commerce increased its board from seven to eight members and appointed Mark Partin as a director effective August 18, 2025. The board deemed him independent and placed him on the Audit Committee, which adds a director to oversee financial reporting.
Board size increased from seven to eight members; Mark Partin appointed effective August 18, 2025
Partin is designated independent under Nasdaq and SEC rules and joins the Audit Committee
He will receive non-employee director compensation and sign the standard indemnification agreement
Filing states no related transactions or selection arrangements requiring disclosure
SPS Commerce reported second-quarter 2025 revenue of $187.4 million, up 22% from $153.6 million a year earlier, and net income of $19.7 million, or $0.52 per diluted share, versus $18.0 million, or $0.48, in the prior-year quarter. The company also issued guidance calling for third-quarter revenue of $191.7 million to $193.2 million and full-year 2025 revenue of $759.0 million to $763.0 million.
Q2 2025 revenue was $187.4 million, up from $153.6 million in Q2 2024; recurring revenue grew 24%.
Diluted EPS was $0.52 versus $0.48; non-GAAP diluted EPS was $1.00 versus $0.80.
Q3 2025 revenue guidance is $191.7 million to $193.2 million; full-year 2025 revenue guidance is $759.0 million to $763.0 million.
Share repurchases in Q2 2025 totaled $20.0 million.
SPS Commerce reported first-quarter 2025 revenue of $181.5 million, up 21% from a year earlier, and net income of $22.2 million, or $0.58 per diluted share, versus $0.48 a year earlier. The company also issued second-quarter and full-year 2025 guidance, with full-year revenue expected at $758.5 million to $763.0 million and diluted EPS at $2.06 to $2.13.
Q1 2025 revenue $181.5 million, up 21% from $149.6 million; recurring revenue grew 23%
Q1 2025 net income $22.2 million, or $0.58 per diluted share, versus $0.48 in Q1 2024
Full-year 2025 revenue guidance $758.5 million to $763.0 million; diluted EPS $2.06 to $2.13
Q1 share repurchases totaled $40.0 million; cash and cash equivalents fell to $94.9 million after a $141.6 million acquisition
SPS Commerce expanded its board from seven to eight members and appointed Razat Gaurav as an independent director, effective March 6, 2025. The company also said director James Ramsey, a board member since 2014, will not stand for re-election and will retire at the 2025 annual meeting.
Razat Gaurav appointed director effective March 6, 2025; board size increased from seven to eight
Board determined Gaurav is independent under Nasdaq and SEC rules; no committee assignments decided yet
James Ramsey, a director since 2014, will retire at the 2025 annual meeting of stockholders
Ramsey's retirement was not the result of any disagreement with the company or management
SPS Commerce reported fourth-quarter and full-year 2024 results on February 10, 2025. Revenue grew 18% in the quarter and 19% for the year, but fourth-quarter net income fell to $17.6 million from $19.0 million. The company guided 2025 revenue to $758.0 million to $763.0 million, while its projected GAAP diluted EPS of $1.93 to $1.99 is below the $2.04 reported for 2024.
Q4 2024 revenue was $170.9 million, up from $145.0 million, with net income of $17.6 million ($0.46 per diluted share) versus $19.0 million ($0.51) a year earlier.
Full-year 2024 revenue was $637.8 million, up 19%, and net income was $77.1 million ($2.04 per diluted share), compared with $65.8 million ($1.76) in 2023.
2025 guidance calls for revenue of $758.0 million to $763.0 million and GAAP diluted EPS of $1.93 to $1.99.
First-quarter 2025 revenue is expected to be $178.5 million to $180.0 million.
SPS Commerce reported third quarter 2024 revenue of $163.7 million, up 21% from a year earlier, and diluted EPS of $0.62 versus $0.45. The company also issued fourth quarter and full-year 2024 guidance, with full-year revenue expected at $635.4 million to $636.4 million, or 18% to 19% growth. For shareholders, the headline measures of revenue and profit both improved, and the guidance points to continued growth.
Q3 2024 revenue was $163.7 million, up from $135.7 million in Q3 2023, reflecting 21% growth.
Q3 2024 net income was $23.5 million, or $0.62 per diluted share, compared with $16.8 million, or $0.45, a year earlier.
Q4 2024 revenue is expected at $168.5 million to $169.5 million, or 16% to 17% year-over-year growth.
Full-year 2024 non-GAAP income per diluted share is expected at $3.41 to $3.42.
SPS Commerce acquired SupplyPike, a provider of automated invoice deduction management software, in a deal the 8-K puts at approximately $206 million in cash and shares. The company issued 404,587 common shares to SupplyPike's investors and agreed to lock-up terms that restrict their sales. The company expects the deal to add revenue but to reduce Adjusted EBITDA in fiscal 2024, with breakeven expected in fiscal 2025.
Total consideration of approximately $206 million, including about $119 million in cash and $87 million in SPS Commerce stock per the press release
404,587 shares of common stock issued to SupplyPike investors; 50% locked up 30 days after closing and 50% locked up 90 days after closing
Company expects about $3.0 million of added revenue in Q3 2024 and about $8.0 million for fiscal 2024, with Adjusted EBITDA reduced by about $750,000 in Q3 and $1.5 million for fiscal 2024
Company expects about $25.0 million of added revenue in fiscal 2025 and Adjusted EBITDA breakeven; more detail, including amortization, is due with Q3 results in October 2024
SPS Commerce reported second-quarter 2024 revenue of $153.6 million, up 18% from a year earlier, and net income of $18.0 million, or $0.48 per diluted share, compared with $14.7 million, or $0.39, in the second quarter of 2023. The board also authorized a new share repurchase program of up to $100 million, effective August 23, 2024, which the company intends to fund with cash on hand.
Q2 2024 net income was $18.0 million, or $0.48 per diluted share, versus $14.7 million, or $0.39, in Q2 2023.
Third quarter 2024 revenue is expected at $157.6 million to $158.6 million; fiscal 2024 revenue at $624.2 million to $626.0 million, or 16% to 17% growth.
The new program authorizes up to $100 million of repurchases through July 24, 2026, replacing a $50 million program from August 2022 that ends July 26, 2024.
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