Filing Flows › SPS Commerce (SPSC) › Guidance history
SPS Commerce (SPSC) guidance history: what it guided and what it reported
SPS Commerce gave guidance in 12 earnings releases on file since Apr 25, 2024. Of 9 guided periods since reported, it met or beat its own guidance 8 times (89%). Revenue: 8 of 9, on average +0.2% against the guided midpoint. Its releases raised guidance once and lowered it once.
Revenue
Met or beat 8 of 9 periods (4 above, 4 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $199M–$201M (Oct 29, 2026) | — | to be reported | — |
| Q3 2026 | $196M–$198M (Jul 30, 2026) | $198M | within the range | +0.2% |
| Q2 2026 | $194M–$196M (Apr 30, 2026) | $198M | above the range | +1.2% |
| Q1 2026 | $192M–$194M (Feb 12, 2026) | $192M | within the range | -0.2% |
| FY2026 | $798M–$807M (Feb 12, 2026) → lowered $796M–$802M (Apr 30, 2026) → lowered $788M–$793M (Jul 30, 2026) → lowered $787M–$789M (Oct 29, 2026) | — | to be reported | — |
| Q4 2025 | $193M–$195M (Oct 30, 2025) | $193M | within the range | -0.5% |
| FY2025 | $758M–$763M (Feb 10, 2025) → reaffirmed $758M–$763M (Apr 24, 2025) → reaffirmed $759M–$763M (Jul 30, 2025) → lowered $752M–$754M (Oct 30, 2025) | $752M | within the range | -0.1% |
| Q3 2025 | $192M–$193M (Jul 30, 2025) | $190M | below the range | -1.3% |
| Q2 2025 | $184M–$186M (Apr 24, 2025) | $187M | above the range | +1.1% |
| Q1 2025 | $178M–$180M (Feb 10, 2025) | $182M | above the range | +1.3% |
Adjusted EPS
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $1.31–$1.36 (Oct 29, 2026) | — | to be reported | — |
| Q3 2026 | $1.20–$1.23 (Jul 30, 2026) | — | — | — |
| Q2 2026 | $1.06–$1.09 (Apr 30, 2026) | — | — | — |
| FY2026 | $4.42–$4.50 (Feb 12, 2026) → raised $4.73–$4.76 (Apr 30, 2026) → raised $4.84–$4.93 (Jul 30, 2026) → raised $5.05–$5.11 (Oct 29, 2026) | — | to be reported | — |
| Q1 2026 | $0.95–$0.99 (Feb 12, 2026) | — | — | — |
| Q4 2025 | $0.98–$1.02 (Oct 30, 2025) | — | — | — |
| Q3 2025 | $0.96–$1.00 (Jul 30, 2025) | — | — | — |
| Q2 2025 | $0.87–$0.90 (Apr 24, 2025) | — | — | — |
| FY2025 | $3.78–$3.84 (Feb 10, 2025) → raised $3.86–$3.93 (Apr 24, 2025) → raised $3.99–$4.04 (Jul 30, 2025) → raised $4.10–$4.15 (Oct 30, 2025) | — | — | — |
| Q1 2025 | $0.82–$0.84 (Feb 10, 2025) | — | — | — |
Adjusted EBITDA
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $72.0M–$74.0M (Oct 29, 2026) | — | to be reported | — |
| Q3 2026 | $67.4M–$69.4M (Jul 30, 2026) | — | — | — |
| Q2 2026 | $60.9M–$62.4M (Apr 30, 2026) | — | — | — |
| FY2026 | $261M–$266M (Feb 12, 2026) → raised $263M–$267M (Apr 30, 2026) → raised $265M–$269M (Jul 30, 2026) → raised $267M–$269M (Oct 29, 2026) | — | to be reported | — |
| Q1 2026 | $55.5M–$57.5M (Feb 12, 2026) | — | — | — |
| Q4 2025 | $58.8M–$60.8M (Oct 30, 2025) | — | — | — |
| Q3 2025 | $57.9M–$59.9M (Jul 30, 2025) | — | — | — |
| Q2 2025 | $53.0M–$54.5M (Apr 24, 2025) | — | — | — |
| FY2025 | $228M–$231M (Feb 10, 2025) → raised $229M–$233M (Apr 24, 2025) → raised $231M–$234M (Jul 30, 2025) → lowered $230M–$232M (Oct 30, 2025) | — | — | — |
| Q1 2025 | $49.5M–$50.5M (Feb 10, 2025) | — | — | — |
Adjusted EBITDA margin
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 34.0% (Jul 30, 2026) → reaffirmed 34.0% (Oct 29, 2026) | — | to be reported | — |
The latest quarter
SPS Commerce, Q3 2026: revenue $198M (+4% year over year), operating margin 20.2%, net earnings $30.7M, operating cash flow $64.0M. The chart follows the revenue to costs, profit and cash.
Questions
Does SPS Commerce beat its guidance?
SPS Commerce gave guidance in 12 earnings releases on file since Apr 25, 2024. Of 9 guided periods since reported, it met or beat its own guidance 8 times (89%). Revenue: 8 of 9, on average +0.2% against the guided midpoint.
How often does SPS Commerce raise guidance?
Its earnings releases raised guidance once and lowered it once since Apr 25, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.