Compa y adva ces age tic st ategy while d ivi g ma gi expa sio
MINNEAPOLIS, Oct. 29, 2026 (GLOBE NEWSWIRE) — SPS Comme ce, I c. (NASDAQ: SPSC), the leadi g i tellige t supply chai etwo k, today a ou ced fi a cial esults fo the thi d qua te e ded Septembe 30, 2026.
- Reve ue was $197.6 millio i the thi d qua te of 2026, compa ed to $189.9 millio i the thi d qua te of 2025, eflecti g 4% g owth, which was pa tially offset by the divestitu e of the 3P Reve ue Recove y busi ess completed i the seco d qua te of 2026, a d va iability i the 1P Reve ue Recove y take ate model.
- Recu i g eve ue g ew 4% f om the thi d qua te of 2025.
- Net i come was $30.7 millio o $0.85 pe diluted sha e, compa ed to et i come of $25.6 millio o $0.67 pe diluted sha e i the thi d qua te of 2025.
- No -GAAP i come was $50.2 millio o $1.39 pe diluted sha e, compa ed to o -GAAP i come of $43.0 millio o $1.13 pe diluted sha e i the thi d qua te of 2025.
- Adjusted EBITDA fo the thi d qua te of 2026 i c eased 17% to $70.9 millio compa ed to the thi d qua te of 2025.
- Sha e epu chases i the thi d qua te of 2026 totaled $48.8 millio .
“The p og ess we have made to date with ou age tic t a sfo matio i itiatives – both ac oss ou p oduct po tfolio a d i te ally – has exceeded my expectatio s. I wa t to ecog ize all of Team SPS fo thei age tic-fi st mi dset a d commitme t to this t a sfo matio ,” said Chad Colli s, CEO of SPS Comme ce. “With ou age tic st ategy adva ci g, we a e u iquely positio ed to delive sustai able, p ofitable g owth, backed by the combi atio of AI a d SPS’ i tellige t etwo k – a powe ful a d du able competitive moat that o o e else ca match.”
“Ou thi d qua te fi a cial esults clea ly demo st ate the st o g ope ati g leve age embedded i ou busi ess model,” said Joe Del P eto, CFO of SPS Comme ce. “Co ti ued ma gi expa sio u de sco es both ou commitme t to discipli ed cost ma ageme t a d the ta gible efficie cy gai s we’ e u locki g th ough age tic custome o boa di g.”
As a esult of the divestitu e of the 3P Reve ue Recove y busi ess o Ju e 30, 2026, guida ce facto s i a eductio of app oximately $10.5 millio i eve ue to the seco d half of 2026. The divestitu e is expected to be eut al to Adjusted EBITDA i the seco d half of 2026.
- Reve ue is expected to be i the a ge of $199.3 millio to $201.3 millio .
- Net i come pe diluted sha e is expected to be i the a ge of $0.74 to $0.79, with fully diluted weighted ave age sha es outsta di g of 36.0 millio sha es.
- No -GAAP i come pe diluted sha e is expected to be i the a ge of $1.31 to $1.36.
- Adjusted EBITDA is expected to be i the a ge of $72.0 millio to $74.0 millio .
- No -cash, sha e-based compe satio expe se is expected to be $17.0 millio , dep eciatio expe se is expected to be $6.1 millio , a d amo tizatio expe se is expected to be $12.3 millio .
- Reve ue is expected to be i the a ge of $786.9 millio to $788.9 millio , ep ese ti g app oximately 5% g owth ove 2025.
- Net i come pe diluted sha e is expected to be i the a ge of $2.29 to $2.35, with fully diluted weighted ave age sha es outsta di g of 36.6 millio sha es.
- No -GAAP i come pe diluted sha e is expected to be i the a ge of $5.05 to $5.11.
- Adjusted EBITDA is expected to be i the a ge of $267.4 millio to $269.4 millio , eflecti g a Adjusted EBITDA ma gi of 34% at the midpoi t, a i c ease of app oximately 330 basis poi ts compa ed to full yea 2025.
- No -cash, sha e-based compe satio expe se is expected to be $69.5 millio , dep eciatio expe se is expected to be $24.1 millio , a d amo tizatio expe se is expected to be $40.8 millio .
The fo wa d-looki g measu es a d the u de lyi g assumptio s i volve sig ifica t k ow a d u k ow isks a d u ce tai ties, a d actual esults may va y mate ially. The Compa y does ot p ese t a eco ciliatio of the fo wa d-looki g o -GAAP fi a cial measu es, i cludi g Adjusted EBITDA, Adjusted EBITDA ma gi , a d o -GAAP i come pe sha e, to the most di ectly compa able GAAP fi a cial measu es because it is imp actical to fo ecast ce tai items without u easo able effo ts due to the u ce tai ty a d i he e t difficulty of p edicti g, withi a easo able a ge, the occu e ce a d fi a cial impact of a d the pe iods i which such items may be ecog ized.
To access the call, please dial 1-833-816-1382, o outside the U.S. 1-412-317-0475 at least 15 mi utes p io to the 3:30 p.m. CT sta t time. Please ask to joi the SPS Comme ce Q3 2026 co fe e ce call. A live webcast of the call will also be available at http://i vesto s.spscomme ce.com u de the Eve ts a d P ese tatio s me u. The eplay will also be available o ou website at http://i vesto s.spscomme ce.com.
SPS Comme ce (NASDAQ: SPSC) is the leadi g i tellige t supply chai etwo k, co ecti g t adi g pa t e s a ou d the globe to optimize supply chai ope atio s with all etail pa t e s. Ou AI-powe ed etwo k co ects 300,000+ t adi g elatio ships wo ldwide a d moves mo e tha 750M t a sactio s a d ove $650B i g oss me cha dise value each yea . F om etaile s a d b a ds to ma ufactu e s, dist ibuto s, a d logistics p ovide s, SPS is t usted by seve of the top te la gest etaile s, a d ove two-thi ds of today’s fastest g owi g b a ds. Ou multi-solutio po tfolio o chest ates the data, decisio s, a d elatio ships that keep the wo ld’s supply chai s movi g fo wa d. With ea ly 3,000 employees a d offices wo ldwide, SPS Comme ce is headqua te ed i Mi eapolis, Mi esota. Fo mo e i fo matio , visit www.spscomme ce.com.
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To suppleme t ou co de sed co solidated fi a cial stateme ts, we p ovide i vesto s with Adjusted EBITDA, Adjusted EBITDA Ma gi , a d o -GAAP i come pe sha e, all of which a e o -GAAP fi a cial measu es. We believe that these o -GAAP fi a cial measu es p ovide useful i fo matio to ou ma ageme t, Boa d of Di ecto s, a d i vesto s ega di g ce tai fi a cial a d busi ess t e ds elati g to ou fi a cial co ditio a d esults of ope atio s.
Ou ma ageme t uses these o -GAAP fi a cial measu es to compa e ou pe fo ma ce to that of p io pe iods fo t e d a alyses a d pla i g pu poses. Adjusted EBITDA is also used fo pu poses of dete mi i g executive a d se io ma ageme t i ce tive compe satio . We believe these o -GAAP fi a cial measu es a e useful to a i vesto as they a e widely used i evaluati g ope ati g pe fo ma ce. Adjusted EBITDA a d Adjusted EBITDA Ma gi a e used to measu e ope ati g pe fo ma ce without ega d to items such as dep eciatio a d amo tizatio , which ca va y depe di g upo accou ti g methods a d the book value of assets, a d to p ese t a mea i gful measu e of co po ate pe fo ma ce exclusive of capital st uctu e a d the method by which assets we e acqui ed.
These o -GAAP fi a cial measu es should ot be co side ed a substitute fo , o supe io to, fi a cial measu es calculated i acco da ce with GAAP. These o -GAAP fi a cial measu es exclude sig ifica t expe ses a d i come that a e equi ed by GAAP to be eco ded i ou co de sed co solidated fi a cial stateme ts a d a e subject to i he e t limitatio s. I vesto s should eview the eco ciliatio s of o -GAAP fi a cial measu es to the compa able GAAP fi a cial measu es that a e i cluded i this p ess elease.
Adjusted EBITDA co sists of et i come adjusted fo i come tax expe se, dep eciatio a d amo tizatio expe se, stock-based compe satio expe se, ealized gai f om i vestme ts a d fo eig cu e cy t a sactio s, i vestme t i come, loss o sale of busi ess, a d othe adjustme ts as ecessa y fo a fai p ese tatio . Othe adjustme ts fo the th ee mo ths e ded Septembe 30, 2026 i cluded asset disposals a d fo the i e mo ths e ded Septembe 30, 2026, i cluded the emeasu eme t of a acqui ed ea -out liability, asset disposals, a d the et impact of divestitu e- elated exit a d disposal activity. Net i come is the most di ectly compa able GAAP measu e of fi a cial pe fo ma ce.
Adjusted EBITDA Ma gi co sists of Adjusted EBITDA divided by eve ue. Ma gi , the compa able GAAP measu e of fi a cial pe fo ma ce, co sists of et i come divided by eve ue.
No -GAAP i come pe sha e co sists of et i come adjusted fo stock-based compe satio expe se, amo tizatio expe se elated to i ta gible assets, ealized gai f om i vestme ts a d fo eig cu e cy t a sactio s, loss o sale of busi ess, a d othe adjustme ts as ecessa y fo a fai p ese tatio , i cludi g fo the th ee mo ths e ded Septembe 30, 2026 asset disposals a d fo the i e mo ths e ded Septembe 30, 2026, the emeasu eme t of a acqui ed ea -out liability, asset disposals, et impact of divestitu e- elated exit a d disposal activity, a d the co espo di g tax impacts of the adjustme ts to et i come, divided by the weighted ave age umbe of sha es of commo a d diluted stock outsta di g du i g each pe iod. Net i come pe sha e, the most di ectly compa able GAAP measu e of fi a cial pe fo ma ce, co sists of et i come divided by the weighted ave age umbe of sha es of commo a d diluted stock outsta di g du i g each pe iod. To qua tify the tax effects, we ecalculated i come tax expe se excludi g the di ect book a d tax effects of the specific items co stituti g the o -GAAP adjustme ts. The diffe e ce betwee this ecalculated i come tax expe se a d GAAP i come tax expe se is p ese ted as the i come tax effect of the o -GAAP adjustme ts.
This p ess elease may co tai fo wa d-looki g stateme ts, i cludi g i fo matio about ma ageme t’s view of SPS Comme ce’s futu e expectatio s, pla s a d p ospects, i cludi g ou views ega di g futu e executio withi ou busi ess, the oppo tu ity we see i the etail supply chai wo ld a d ou pe fo ma ce fo the fou th qua te a d full yea of 2026, withi the safe ha bo p ovisio s u de The P ivate Secu ities Litigatio Refo m Act of 1995. These stateme ts i volve k ow a d u k ow isks, u ce tai ties a d othe facto s which may cause the esults of SPS Comme ce to be mate ially diffe e t tha those exp essed o implied i such stateme ts. Ce tai of these isk facto s a d othe s a e i cluded i docume ts SPS Comme ce files with the Secu ities a d Excha ge Commissio , i cludi g but ot limited to, SPS Comme ce’s A ual Repo t o Fo m 10-K fo the yea e ded Decembe 31, 2025, as well as subseque t epo ts filed with the Secu ities a d Excha ge Commissio . Othe u k ow o u p edictable facto s also could have mate ial adve se effects o SPS Comme ce’s futu e esults. The fo wa d-looki g stateme ts i cluded i this p ess elease a e made o ly as of the date he eof. SPS Comme ce ca ot gua a tee futu e esults, levels of activity, pe fo ma ce o achieveme ts. Acco di gly, you should ot place u due elia ce o these fo wa d-looki g stateme ts. Fi ally, SPS Comme ce exp essly disclaims a y i te t o obligatio to update o evise a y fo wa d-looki g stateme ts, whethe as a esult of ew i fo matio , futu e eve ts, o othe wise.
| Cu e t assets | Cash a d cash equivale ts | $ | 153,818 | $ | 151,355 | Sho t-te m i vestme ts | 29,683 | — | Accou ts eceivable | 74,477 | 75,295 | Allowa ce fo c edit losses | (8,302 | ) | (7,129 | ) | Accou ts eceivable, et | 66,175 | 68,166 | Defe ed costs | 64,181 | 66,693 | Othe assets | 33,164 | 49,090 | Total cu e t assets | 347,021 | 335,304 | P ope ty a d equipme t, et | 43,943 | 43,117 | Ope ati g lease ight-of-use assets | 5,656 | 5,025 | Goodwill | 539,089 | 541,719 | I ta gible assets, et | 162,545 | 215,815 | Othe assets | Defe ed costs, o -cu e t | 19,996 | 20,719 | Defe ed i come tax assets | 492 | 493 | Othe assets, o -cu e t | 13,856 | 7,667 | Total assets | $ | 1,132,598 | $ | 1,169,859 | Cu e t liabilities | Accou ts payable | $ | 9,881 | $ | 13,757 | Acc ued compe satio | 47,459 | 47,577 | Acc ued expe ses | 16,059 | 13,074 | Defe ed eve ue | 79,342 | 75,590 | Ope ati g lease liabilities | 1,232 | 4,353 | Total cu e t liabilities | 153,973 | 154,351 | Othe liabilities | Defe ed eve ue, o -cu e t | 3,910 | 5,288 | Ope ati g lease liabilities, o -cu e t | 5,392 | 2,839 | Defe ed i come tax liabilities | 36,166 | 33,201 | Othe liabilities, o -cu e t | 255 | 287 | Total liabilities | 199,696 | 195,966 | Commitme ts a d co ti ge cies | Stockholde s’ equity | Commo stock | 40 | 40 | T easu y stock | (328,155 | ) | (177,949 | ) | Additio al paid-i capital | 778,767 | 722,737 | Retai ed ea i gs | 486,714 | 429,438 | Accumulated othe comp ehe sive loss | (4,464 | ) | (373 | ) | Total stockholde s’ equity | 932,902 | 973,893 | Total liabilities a d stockholde s’ equity | $ | 1,132,598 | $ | 1,169,859 |
| Reve ues | $ | 197,647 | $ | 189,904 | $ | 587,583 | $ | 558,853 | Cost of eve ues (1) | 57,101 | 57,932 | 175,346 | 174,672 | G oss p ofit | 140,546 | 131,972 | 412,237 | 384,181 | Ope ati g expe ses | Sales a d ma keti g (1) | 43,474 | 42,322 | 132,144 | 127,390 | Resea ch a d developme t (1) | 16,546 | 17,276 | 51,420 | 51,986 | Ge e al a d admi ist ative (1) | 30,831 | 31,690 | 103,851 | 93,598 | Amo tizatio of i ta gible assets | 9,766 | 9,493 | 28,467 | 27,590 | Loss o sale of busi ess | — | — | 23,454 | — | Total ope ati g expe ses | 100,617 | 100,781 | 339,336 | 300,564 | I come f om ope atio s | 39,929 | 31,191 | 72,901 | 83,617 | Othe i come, et | 1,372 | 1,260 | 4,774 | 4,240 | I come befo e i come taxes | 41,301 | 32,451 | 77,675 | 87,857 | I come tax expe se | 10,618 | 6,882 | 20,399 | 20,359 | Net i come | $ | 30,683 | $ | 25,569 | $ | 57,276 | $ | 67,498 | Net i come pe sha e | Basic | $ | 0.85 | $ | 0.67 | $ | 1.56 | $ | 1.78 | Diluted | $ | 0.85 | $ | 0.67 | $ | 1.56 | $ | 1.77 | Weighted ave age commo sha es used to compute et i come pe sha e | Basic | 35,900 | 37,895 | 36,599 | 37,939 | Diluted | 36,209 | 37,993 | 36,740 | 38,070 | (1) Amou ts i clude stock-based compe satio expe se as follows: | Cost of eve ues | $ | 3,383 | $ | 3,171 | $ | 9,787 | $ | 9,610 | Ope ati g expe ses | Sales a d ma keti g | 4,086 | 3,486 | 12,345 | 9,270 | Resea ch a d developme t | 2,415 | 2,354 | 7,086 | 6,506 | Ge e al a d admi ist ative | 5,809 | 5,442 | 23,244 | 17,932 | Total stock-based compe satio expe se | $ | 15,693 | $ | 14,453 | $ | 52,462 | $ | 43,318 |
| Cash flows f om ope ati g activities | Net i come | $ | 57,276 | $ | 67,498 | Reco ciliatio of et i come to et cash p ovided by ope ati g activities | Defe ed i come taxes | 890 | 12,583 | Dep eciatio a d amo tizatio of p ope ty a d equipme t | 18,056 | 15,302 | Amo tizatio of i ta gible assets | 28,467 | 27,590 | Acc etio of pu chase discou ts o i vestme ts | (257 | ) | — | P ovisio fo c edit losses | 6,497 | 6,843 | Stock-based compe satio | 52,462 | 43,318 | Loss o sale of busi ess | 23,454 | — | Othe , et | (1,280 | ) | (343 | ) | Cha ges i assets a d liabilities, et of effects of acquisitio s | Accou ts eceivable | (6,536 | ) | (16,301 | ) | Defe ed costs | 2,912 | 234 | Othe assets a d liabilities | 7,545 | (25,233 | ) | Accou ts payable | (2,837 | ) | 2,925 | Acc ued compe satio | (2,808 | ) | 1,035 | Acc ued expe ses | 259 | (2,226 | ) | Defe ed eve ue | 2,772 | 1,051 | Ope ati g leases | (1,208 | ) | (1,357 | ) | Net cash p ovided by ope ati g activities | 185,664 | 132,919 | Cash flows f om i vesti g activities | Pu chases of p ope ty a d equipme t | (21,246 | ) | (18,873 | ) | Pu chases of i vestme ts | (34,444 | ) | — | Matu ities of i vestme ts | 5,000 | — | P oceeds f om sale, et | 8,768 | — | Acquisitio of busi ess, et | — | (142,628 | ) | Net cash used i i vesti g activities | (41,922 | ) | (161,501 | ) | Cash flows f om fi a ci g activities | Repu chases of commo stock | (147,205 | ) | (89,556 | ) | Net p oceeds f om exe cise of optio s to pu chase commo stock | 1,035 | 3,481 | Net p oceeds f om employee stock pu chase pla activity | 4,718 | 5,924 | Net cash used i fi a ci g activities | (141,452 | ) | (80,151 | ) | Effect of fo eig cu e cy excha ge ate cha ges | 173 | 1,441 | Net i c ease (dec ease) i cash a d cash equivale ts | 2,463 | (107,292 | ) | Cash a d cash equivale ts at begi i g of pe iod | 151,355 | 241,017 | Cash a d cash equivale ts at e d of pe iod | $ | 153,818 | $ | 133,725 |
| Net i come | $ | 30,683 | $ | 25,569 | $ | 57,276 | $ | 67,498 | I come tax expe se | 10,618 | 6,882 | 20,399 | 20,359 | Dep eciatio a d amo tizatio of p ope ty a d equipme t | 6,072 | 5,354 | 18,056 | 15,302 | Amo tizatio of i ta gible assets | 9,766 | 9,493 | 28,467 | 27,590 | Stock-based compe satio expe se | 15,693 | 14,453 | 52,462 | 43,318 | Realized loss (gai ) f om i vestme ts a d fo eig cu e cy t a sactio s | 13 | (205 | ) | (509 | ) | (678 | ) | I vestme t i come | (1,611 | ) | (1,076 | ) | (3,973 | ) | (3,613 | ) | Loss o sale of busi ess | — | — | 23,454 | — | Othe | (366 | ) | 10 | (201 | ) | 1,129 | Adjusted EBITDA | $ | 70,868 | $ | 60,480 | $ | 195,431 | $ | 170,905 |
| Reve ue | $ | 197,647 | $ | 189,904 | $ | 587,583 | $ | 558,853 | Net i come | 30,683 | 25,569 | 57,276 | 67,498 | Ma gi | 16 | % | 13 | % | 10 | % | 12 | % | Adjusted EBITDA | 70,868 | 60,480 | 195,431 | 170,905 | Adjusted EBITDA Ma gi | 36 | % | 32 | % | 33 | % | 31 | % |
| Net i come | $ | 30,683 | $ | 25,569 | $ | 57,276 | $ | 67,498 | Stock-based compe satio expe se | 15,693 | 14,453 | 52,462 | 43,318 | Amo tizatio of i ta gible assets | 9,766 | 9,493 | 28,467 | 27,590 | Realized loss (gai ) f om i vestme ts a d fo eig cu e cy t a sactio s | 13 | (205 | ) | (509 | ) | (678 | ) | Loss o sale of busi ess | — | — | 23,454 | — | Othe | (366 | ) | 10 | (201 | ) | 1,129 | I come tax effects of adjustme ts | (5,628 | ) | (6,365 | ) | (23,277 | ) | (19,935 | ) | No -GAAP i come | $ | 50,161 | $ | 42,955 | $ | 137,672 | $ | 118,922 | Sha es used to compute et i come a d o -GAAP i come pe sha e | Basic | 35,900 | 37,895 | 36,599 | 37,939 | Diluted | 36,209 | 37,993 | 36,740 | 38,070 | Net i come pe sha e, basic | $ | 0.85 | $ | 0.67 | $ | 1.56 | $ | 1.78 | No -GAAP adjustme ts to et i come pe sha e, basic | 0.55 | 0.46 | 2.20 | 1.35 | No -GAAP i come pe sha e, basic | $ | 1.40 | $ | 1.13 | $ | 3.76 | $ | 3.13 | Net i come pe sha e, diluted | $ | 0.85 | $ | 0.67 | $ | 1.56 | $ | 1.77 | No -GAAP adjustme ts to et i come pe sha e, diluted | 0.54 | 0.46 | 2.19 | 1.35 | No -GAAP i come pe sha e, diluted | $ | 1.39 | $ | 1.13 | $ | 3.75 | $ | 3.12 |
The a ual pe sha e amou ts may ot c oss-sum due to ou di g.
Co tact:I vesto Relatio sThe Blueshi t G oupI mi a BlaszczykSPSC@blueshi tg oup.com
