# SPS COMMERCE INC

Summary updated: 2026-10-02T11:40:17.000399Z
Canonical: https://finbar.com/research/companies/sps-commerce-inc

## Overview

SPS Commerce is a cloud-based supply-chain software company whose network connects retailers, brands, distributors, manufacturers and logistics providers. Its services support retail trading-partner connections and automate workflows such as order processing, fulfillment and invoicing; analytics tools help customers use supply-chain and sales data for operational decisions. [1](https://app.finbar.com/go?id=P85838388)[2](https://app.finbar.com/go?id=P57077773)[3](https://app.finbar.com/go?id=P10162471)[4](https://app.finbar.com/go?id=P20408053)

The company describes its mission as powering the connections that move commerce forward. It serves customers through a global network and lists offices in the United States, Canada, the Netherlands, Australia and China. SPS Commerce reported fiscal 2025 revenue of $751.5 million and had 2,948 employees at year-end 2025. [5](https://app.finbar.com/go?id=P72360627)[6](https://www.spscommerce.com/about/)[7](https://app.finbar.com/go?id=P93432348)[8](https://stockanalysis.com/stocks/spsc/employees/)
[1](https://app.finbar.com/go?id=P85838388)[2](https://app.finbar.com/go?id=P57077773)[3](https://app.finbar.com/go?id=P10162471)[4](https://app.finbar.com/go?id=P20408053)[5](https://app.finbar.com/go?id=P72360627)[7](https://app.finbar.com/go?id=P93432348)[6](https://www.spscommerce.com/about/)[8](https://stockanalysis.com/stocks/spsc/employees/)[6](https://www.spscommerce.com/about/)[8](https://stockanalysis.com/stocks/spsc/employees/)

## Products & services

SPS Commerce’s Fulfillment product automates supply-chain workflows, including order-data exchange and processes from order through invoicing and revenue recovery. It integrates with customers’ existing systems and provides order-channel visibility. Its Analytics offering—called Decision Intelligence on the company’s current product site—cleanses, normalizes, and delivers sell-through data, with dashboards and reporting capabilities for product performance, forecasting, pricing, and inventory insights. [2](https://app.finbar.com/go?id=P57077773)[9](https://app.finbar.com/go?id=P102908527)[10](https://www.spscommerce.com/products/analytics/)

Assortment translates item attributes and hierarchies across sales channels through one connection. Relationship Management (formerly Community) supports supplier collaboration through change management, onboarding programs, and scorecarding. SPS also provides implementation, ongoing customer support, onboarding, transaction monitoring, exception resolution, and product-optimization services. [11](https://app.finbar.com/go?id=P108074546)[12](https://app.finbar.com/go?id=P74969960)[13](https://app.finbar.com/go?id=P105716467)[14](https://app.finbar.com/go?id=P101803357)

For the six months ended June 30, 2026, Fulfillment revenue was $334.288 million (85.7% of total revenue), Analytics was $28.271 million (7.2%), Other was $12.383 million (3.2%), and one-time revenue was $14.994 million (3.8%), out of $389.936 million total revenue. Percentages are calculated from reported amounts; “Other” includes offerings such as Assortment and Relationship Management, whose individual revenue shares are not separately stated. [15](https://app.finbar.com/go?id=T16583220)[16](https://app.finbar.com/go?id=P145015213)[17](https://app.finbar.com/go?id=P118438240)
[2](https://app.finbar.com/go?id=P57077773)[9](https://app.finbar.com/go?id=P102908527)[10](https://www.spscommerce.com/products/analytics/)[11](https://app.finbar.com/go?id=P108074546)[12](https://app.finbar.com/go?id=P74969960)[13](https://app.finbar.com/go?id=P105716467)[14](https://app.finbar.com/go?id=P101803357)[15](https://app.finbar.com/go?id=T16583220)[15](https://app.finbar.com/go?id=T16583220)[15](https://app.finbar.com/go?id=T16583220)[15](https://app.finbar.com/go?id=T16583220)[15](https://app.finbar.com/go?id=T16583220)[16](https://app.finbar.com/go?id=P145015213)[17](https://app.finbar.com/go?id=P118438240)[10](https://www.spscommerce.com/products/analytics/)

## Geographic presence

SPS Commerce is headquartered in Minneapolis, Minnesota, where it maintains its principal administrative, marketing, sales, technical-support, and research-and-development facilities. The company also conducts R&D in Minnesota, Arkansas, New Jersey, Melbourne, Australia, Toronto, Canada, Breukelen, Netherlands, Warsaw, Poland, and Kyiv, Ukraine. [18](https://app.finbar.com/go?id=P96768011)[19](https://app.finbar.com/go?id=P99449115)

Its infrastructure uses third-party data centers across North America, Europe, and Australia, as well as cloud services. SPS reported nearly 3,000 employees across 15 global offices in March 2026, but the available sources do not specify office-by-office or country-level employee counts. [20](https://app.finbar.com/go?id=P105763803)[21](https://www.spscommerce.com/press/100-consecutive-quarters-of-growth-for-sps-commerce/)

The FY2025 filing does not provide revenue by country or region, or geographic revenue percentages. It identifies Australian dollars, Canadian dollars, and euros as principal foreign-currency exposures. [22](https://app.finbar.com/go?id=P34036920)[23](https://app.finbar.com/go?id=P43755443)
[18](https://app.finbar.com/go?id=P96768011)[19](https://app.finbar.com/go?id=P99449115)[20](https://app.finbar.com/go?id=P105763803)[21](https://www.spscommerce.com/press/100-consecutive-quarters-of-growth-for-sps-commerce/)[22](https://app.finbar.com/go?id=P34036920)[23](https://app.finbar.com/go?id=P43755443)[21](https://www.spscommerce.com/press/100-consecutive-quarters-of-growth-for-sps-commerce/)

## Business segments

SPS Commerce reports one operating and reportable segment: **Supply Chain Management Solutions**. The segment provides cloud-based supply-chain management services, primarily through subscriptions. The company’s chief operating decision-maker reviews results on a consolidated basis, and the filings do not report separate operating results for lower-level businesses. [24](https://app.finbar.com/go?id=P34360701)[25](https://app.finbar.com/go?id=P110162067)

The single segment accounts for 100% of consolidated revenue. FY2025 revenue was approximately $751.5 million; the company does not disclose revenue contributions by individual product or service line. [26](https://app.finbar.com/go?id=P16945566) Products within the segment include Fulfillment, Analytics, Assortment and Relationship Management, covering areas such as order processing, supply-chain data analysis, item-data exchange and supplier onboarding; these are products, not separately reported segments. [17](https://app.finbar.com/go?id=P118438240)[2](https://app.finbar.com/go?id=P57077773)[9](https://app.finbar.com/go?id=P102908527)[11](https://app.finbar.com/go?id=P108074546)[12](https://app.finbar.com/go?id=P74969960) The Q2 2026 filing indicates that the segmentation basis remained unchanged. [27](https://app.finbar.com/go?id=P145015186)
[24](https://app.finbar.com/go?id=P34360701)[25](https://app.finbar.com/go?id=P110162067)[26](https://app.finbar.com/go?id=P16945566)[17](https://app.finbar.com/go?id=P118438240)[2](https://app.finbar.com/go?id=P57077773)[9](https://app.finbar.com/go?id=P102908527)[11](https://app.finbar.com/go?id=P108074546)[12](https://app.finbar.com/go?id=P74969960)[27](https://app.finbar.com/go?id=P145015186)

## Company history

SPS Commerce was incorporated in Minnesota on January 28, 1987, as St. Paul Software, Inc.; it reincorporated in Delaware under the name SPS Commerce, Inc. on May 30, 2001. [28](https://investors.spscommerce.com/investor-faqs) In 2010, the company completed its initial public offering and began trading on Nasdaq under the ticker SPSC. [29](https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-prices-initial-public-offering) Its early expansion included acquisitions of Direct EDI in 2011 and Edifice in 2012, followed by Leadtec in 2014, ToolBox Solutions in 2016, and MAPADOC in 2019, extending its integration and supply-chain software offerings and reach. [30](https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-acquires-direct-edi) [31](https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-acquires-edifice) [32](https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-acquires-leadtec) [33](https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-acquires-toolbox-solutions) [34](https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-acquires-mapadoc)

SPS acquired GCommerce in 2022 and completed its acquisition of TIE Kinetix in 2023, adding capabilities and expanding its presence in Europe. [35](https://investors.spscommerce.com/node/15201/pdf) [36](https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-completes-acquisition-tie-kinetix) In October 2023, Chad Collins became CEO, succeeding Archie Black, who had led the company for about 22 years. [37](https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-appoints-chad-collins-chief-executive-officer) In 2024, SPS acquired Traverse Systems and SupplyPike, and in February 2025 it completed the acquisition of Carbon6 Technologies, broadening its software portfolio for retail and ecommerce supply-chain participants. [38](https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-acquires-traverse-systems) [39](https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-acquires-supplypike) [40](https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-completes-acquisition-carbon6-technologies)

## Sources

1. [SPS COMMERCE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P85838388)
2. [SPS COMMERCE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P57077773)
3. [SPS COMMERCE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P10162471)
4. [SPS COMMERCE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P20408053)
5. [SPS COMMERCE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P72360627)
6. [www.spscommerce.com](https://www.spscommerce.com/about/)
7. [SPS COMMERCE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P93432348)
8. [stockanalysis.com](https://stockanalysis.com/stocks/spsc/employees/)
9. [SPS COMMERCE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P102908527)
10. [www.spscommerce.com](https://www.spscommerce.com/products/analytics/)
11. [SPS COMMERCE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P108074546)
12. [SPS COMMERCE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P74969960)
13. [SPS COMMERCE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P105716467)
14. [SPS COMMERCE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P101803357)
15. [SPS COMMERCE INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T16583220)
16. [SPS COMMERCE INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145015213)
17. [SPS COMMERCE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P118438240)
18. [SPS COMMERCE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P96768011)
19. [SPS COMMERCE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P99449115)
20. [SPS COMMERCE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P105763803)
21. [www.spscommerce.com](https://www.spscommerce.com/press/100-consecutive-quarters-of-growth-for-sps-commerce/)
22. [SPS COMMERCE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P34036920)
23. [SPS COMMERCE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P43755443)
24. [SPS COMMERCE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P34360701)
25. [SPS COMMERCE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P110162067)
26. [SPS COMMERCE INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P16945566)
27. [SPS COMMERCE INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145015186)
28. [investors.spscommerce.com](https://investors.spscommerce.com/investor-faqs)
29. [investors.spscommerce.com](https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-prices-initial-public-offering)
30. [investors.spscommerce.com](https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-acquires-direct-edi)
31. [investors.spscommerce.com](https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-acquires-edifice)
32. [investors.spscommerce.com](https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-acquires-leadtec)
33. [investors.spscommerce.com](https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-acquires-toolbox-solutions)
34. [investors.spscommerce.com](https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-acquires-mapadoc)
35. [investors.spscommerce.com](https://investors.spscommerce.com/node/15201/pdf)
36. [investors.spscommerce.com](https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-completes-acquisition-tie-kinetix)
37. [investors.spscommerce.com](https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-appoints-chad-collins-chief-executive-officer)
38. [investors.spscommerce.com](https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-acquires-traverse-systems)
39. [investors.spscommerce.com](https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-acquires-supplypike)
40. [investors.spscommerce.com](https://investors.spscommerce.com/news-releases/news-release-details/sps-commerce-completes-acquisition-carbon6-technologies)

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