SPS Commerce Reports Q1 Revenue Up 6%, EBITDA Beats; Provides 2026 Outlook
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SPS Commerce reported Q1 revenue growth of 6% to $192.10 million, which slightly missed analyst expectations. However, adjusted EBITDA increased 7% to $57.90 million, surpassing analyst estimates. The company also provided new Q2 and full-year 2026 revenue and adjusted EBITDA guidance. This earnings report follows the company's strong 2025 performance, which included its 100th consecutive quarter of revenue growth. The company also repurchased $47.1 million in shares during the quarter, executing on the $300 million buyback program announced in February. Investors will now focus on the provided guidance to assess the company's near-term trajectory and monitor the impact of new AI capabilities on future performance and margin expansion.
At the time of this announcement, SPSC was trading at $56.12 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $50.55 to $153.16. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.