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AI brief of an SEC Form 8-K · SPS Commerce (SPSC)

SPS Commerce Q1 revenue rises 6% to $192.1 million; GAAP net income falls to $19.7 million

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanySPS Commerce (SPSC)
Form8-K, current report
Filed with the SECApr 30, 2026, 4:17 PM ET
Accession number0001092699-26-000042

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 30, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.