Filing Flows › SPS Commerce (SPSC) › Q3 2026
SPS Commerce (SPSC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
SPS Commerce (SPSC) reported revenue of $198M for the third quarter 2026 (Q3 2026), +4% from a year earlier and -0.1% from the quarter before. Operating margin was 20.2%, net earnings $30.7M (15.5% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $198M | -0.1% | +4% |
| Gross profit | $141M | +1% | +6% |
| Operating profit | $39.9M | +375% | +28% |
| Net earnings | $30.7M | +347% | +20% |
| Operating cash flow | $64.0M | -3% | +6% |
| Free cash flow | $58.5M | +2% | +7% |
What changed
Revenue was $197.6M in Q3 2026, up 4% year over year and roughly flat from the previous quarter.
Gross margin was 71.1%, up 1.6 points from Q3 2025. Operating profit was $39.9M, a 20.2% margin (up 3.8 points year over year). Of the extra revenue versus Q3 2025, 113% reached operating profit, above the 16% margin then. Operating expenses fell 0% while revenue rose 4%. Net earnings were $30.7M, up 20% year over year. The effective tax rate was 25.7%.
Operating cash flow was $64.0M (up 6% year over year), 209% of net earnings. Non-cash charges added back $6.1M of depreciation and amortization and $15.7M of share-based compensation. Working capital and other items added $11.6M. Capital expenditures of $5.5M left free cash flow of $58.5M.
Questions
What was SPS Commerce's revenue in the third quarter 2026?
SPS Commerce (SPSC) reported revenue of $198M for the third quarter 2026 (Q3 2026), +4% from a year earlier and -0.1% from the quarter before.
Was SPS Commerce profitable in the third quarter 2026?
Operating profit was $39.9M (20.2% of revenue) and net earnings $30.7M.
Source: SPS Commerce 10-Q on SEC EDGAR.