SPS Commerce second quarter revenue grew 6% to $197.8M, beating estimates alongside strong EPS.

SPS Commerce reported second quarter 2026 revenue of $197.8 million, up 6% year-over-year, and non-GAAP diluted EPS of $1.27. Both figures exceeded analyst expectations. The results reflect the period following the recent divestiture of its 3P Revenue Recovery business.

Key Highlights

• Revenue grew 6% year-over-year to $197.8 million, exceeding consensus estimates of $195.5 million.
• Non-GAAP diluted EPS rose 27% to $1.27 from $1.00 a year ago, significantly beating the $1.08 analyst forecast.
• Adjusted EBITDA increased 19% to $66.6 million, driving margin expansion of approximately 380 basis points to 33.7%.
• The company updated its full-year 2026 revenue guidance to a range of $788.4 million to $793.4 million to reflect the recent divestiture.