OverviewSuggest Edit

SPS Commerce is a company providing cloud-based supply chain management solutions. It offers solutions through the SPS Commerce platform, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill orders, administer sell-through performance, and source new items. The company provides Trading Partner Community solution, which enables retailers, grocers, and distributors to introduce changes to their supply chain requirements and to their trading partner community, and onboard new vendors to receive their first orders; Trading Partner Fulfillment solution that provides fulfillment automation and replaces or augments an organization's existing staff and trading partner electronic communication infrastructure; and Trading Partner Assortment solution to manage individual attributes associated with each item a retailer or supplier sells.
TypePublic
Founded1987
HQMinneapolis, MN, US
Websitespscommerce.com
Employee Ratings4.3
Overall CultureB

Latest Updates

Employees (est.) (Dec 2020)1,572(+16%)
Job Openings71
Revenue (FY, 2020)$312.6 M(+13%)
Share Price (Jul 2021)$99.1(-1%)
Cybersecurity ratingCMore

Key People/Management at SPS Commerce

Scott Bolduc

Scott Bolduc

Director of Supply Chain Strategy
Archie C. Black

Archie C. Black

President, CEO & Director
Jim Frome

Jim Frome

Executive Vice President and Chief Operating Officer
Kim Nelson

Kim Nelson

Executive Vice President & Chief Financial Officer
Dan Juckniess

Dan Juckniess

Senior Vice President & Chief Sales Officer
Karin Lucas

Karin Lucas

Senior Vice President & Chief Customer Success Officer
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SPS Commerce Office Locations

SPS Commerce has offices in Minneapolis, Little Falls, Burwood East, North Sydney and in 5 other locations
Minneapolis, MN, US (HQ)
Accenture Tower, 333 S 7th St #1000
Little Falls, NJ, US
150 Clove Rd #400
Burwood East, AU
3 12 Wesley Ct
North Sydney, AU
Level 6/80 Mount St
Brampton, CA
44 Peel Centre Dr #300
Beijing, CN
Dong San Huan Nan Lu, Chaoyang Qu
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SPS Commerce Financials and Metrics

SPS Commerce Revenue

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SPS Commerce's revenue was reported to be $312.63 m in FY, 2020
USD

Revenue (Q1, 2021)

90.1m

Gross profit (Q1, 2021)

60.1m

Gross profit margin (Q1, 2021), %

66.7%

Net income (Q1, 2021)

10.2m

EBIT (Q1, 2021)

12.7m

Market capitalization (22-Jul-2021)

3.6b

Closing stock price (22-Jul-2021)

99.1

Cash (31-Mar-2021)

169.3m

EV

3.4b
SPS Commerce's current market capitalization is $3.6 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

220.6m248.2m279.1m312.6m

Revenue growth, %

14%13%12%

Cost of goods sold

73.6m81.7m92.2m99.8m

Gross profit

146.9m166.5m186.9m212.8m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

59.1m61.1m62.9m66.9m68.5m70.9m74.2m75.6m79.6m90.1m

Cost of goods sold

19.8m20.4m20.4m21.4m23.7m23.3m23.5m24.3m25.0m30.0m

Gross profit

39.3m40.7m42.5m45.6m44.8m47.7m50.6m51.2m54.5m60.1m

Gross profit Margin, %

67%67%68%68%65%67%68%68%69%67%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

123.1m133.9m179.3m149.7m

Accounts Receivable

24.9m27.5m31.5m33.6m

Current Assets

219.5m249.6m291.6m271.4m

PP&E

16.9m21.0m23.8m26.4m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(2.4m)23.9m33.7m45.6m

Depreciation and Amortization

11.8m12.7m16.4m18.7m

Accounts Payable

832.0k937.0k(489.0k)1.2m

Cash From Operating Activities

31.1m55.0m71.8m88.6m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

3.3m8.7m16.7m6.8m15.6m24.6m9.5m20.7m32.1m10.2m

Depreciation and Amortization

3.2m6.3m9.4m3.9m7.9m12.0m4.5m8.9m13.5m6.4m

Accounts Payable

317.0k189.0k382.0k353.0k(490.0k)181.0k655.0k321.0k1.4m(828.0k)

Cash From Operating Activities

9.3m22.2m37.5m10.2m29.7m51.0m14.7m36.8m65.5m21.6m
USDFY, 2017

Revenue/Employee

165.1k

Financial Leverage

1.2 x
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SPS Commerce Operating Metrics

SPS Commerce's Customers was reported to be 90 k in FY, 2019. SPS Commerce's Enterprise Customers was reported to be 59 k in FY, 2019.
FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020

Countries

606070

Customers

75 k80 k90 k

Enterprise Customers

49 k51 k59 k

Recurring Revenue Customers

25.75 k25.89 k26.21 k26.87 k29.31 k29.47 k29.89 k30.55 k30.77 k31.01 k31.47 k32.03 k
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SPS Commerce Acquisitions / Subsidiaries

Company NameDateDeal Size
MAPADOCAugust 27, 2019$11.5 m
CovalentWorksDecember 19, 2018$23 m
ToolBox SolutionsJanuary 06, 2016$23 m
Leadtec Systems Australia Pty LtdOctober 13, 2014$14.9 m
FourthchannelOctober 29, 2002
Rnetec IncMarch 07, 2000
Edifice Japan G.K.
SPS Commerce Australia Pty Ltd
SPS Commerce Canada, Ltd.
SPS Commerce Hong Kong Limited
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SPS Commerce Revenue Breakdown

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SPS Commerce revenue breakdown by business segment: 78.6% from Fulfillment, 13.3% from Analytics, 6.1% from One-time revenues and 2.0% from Other

SPS Commerce Cybersecurity Score

Cybersecurity ratingPremium dataset

C

79/100

SecurityScorecard logo

SPS Commerce Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

SPS Commerce Online and Social Media Presence

Embed Graph

SPS Commerce Company Culture

  • Overall Culture

    B

    72/100

  • CEO Rating

    A+

    79/100

  • Compensation

    F

    43/100

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SPS Commerce News and Updates

SPS Commerce Expands Order Fulfillment Capabilities with Enhanced Connections to E-Commerce Platforms and Marketplaces

Offering consolidates the visibility and processing of wholesale and direct-to-consumer orders from siloed processes into a single solution Offering consolidates the visibility and processing of wholesale and direct-to-consumer orders from siloed processes into a single solution

SPS Commerce Fulfillment for SAP S/4HANA® Now Available on SAP® Store

By integrating with SAP S/4HANA®, the EDI solution from SPS Commerce connects businesses with any trading partner more efficiently By integrating with SAP S/4HANA®, the EDI solution from SPS Commerce connects businesses with any trading partner more efficiently

SPS Commerce Announces Date of Fourth Quarter and Full Year 2020 Financial Results

MINNEAPOLIS, Jan. 28, 2021 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail cloud services, today announced that it will issue its financial results for the fourth quarter and full year ended December 31, 2020 after the market close on Thursday, February 11, 2021. SPS Comm…

SPS Commerce to Present at the 23rd Annual Needham Virtual Growth Conference

MINNEAPOLIS, Jan. 05, 2021 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail cloud services, today announced that management will present at the 23rd Annual Needham Virtual Growth Conference on Tuesday, January 12, 2021 at 11:30 AM E.T.

SPS Commerce Unveils Enhanced Market-Leading QuickBooks EDI Solution

Latest Offering Provides Automated Omnichannel Order Fulfillment and Seamless Integration with Right Networks, the Leading Hosting Platform for Intuit QuickBooks Desktop Enterprise Latest Offering Provides Automated Omnichannel Order Fulfillment and Seamless Integration with Right Networks, the Lead…

SPS Commerce Donates $300,000 to Sponsor Learning Pod to Address Minnesota’s Racial Achievement Gap

North Star Network Mobile Learning Labs provide at-risk Minnesota students with internet access, supplemental learning, meals and connected technology North Star Network Mobile Learning Labs provide at-risk Minnesota students with internet access, supplemental learning, meals and connected technolog…
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SPS Commerce Blogs

Acumatica Summit 2021: Together Again!

A big thanks to Acumatica for bringing the community together last week in Las Vegas! Seeing one another in person, meeting new partners face to face, and taking in the bright lights made each of us say “it’s great to be back!” While there were many conference highlights, here are a few that stood o…

Acumatica Innovations from SPS

Innovation doesn’t happen without people. That’s why at SPS Commerce, we have formed lasting partnerships with the teams and individuals within Acumatica. From being invited into the Acumatica MVP Program to certifying our solution on every major Acumatica version since the beginning of the certific…

EDI 820: What are the Benefits of EDI Payment Order/Remittance Advice?

Surprisingly, many buying organizations (retailers and distributors) still send physical checks to their suppliers. Likewise, many organizations also print and mail the remittance detail that corresponds with these payments. Fortunately, there’s a much more efficient way to communicate remittance in…

Faster Dynamics EDI Integration from SPS Commerce

When Microsoft Dynamics ERP companies looked to the future, they knew they’d require more capabilities. They needed to support their move to the cloud, e-commerce strategies and communications. Automation would bring them efficiencies and reduced errors. But, they needed to do it fast. That’s why, i…

Unclutter Your Desktop with Embedded EDI for Acumatica

Simplifying one’s workday begins with cutting back on the number of applications, logins and windows we need to open during the day. If you check your device, it’s likely you have at least five open applications. A recent GoTo survey of 2,000 office employees found that: 54 percent had at least five…

How to Write Product Descriptions That Wow Customers and Boost Sales

If you’re a supplier that has been tasked with writing descriptions of your products for an online store, you may be tempted to fill out basic details and move on. But the truth is, online product descriptions are more than just a few words that describe your product. They play a key role in bringin…
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SPS Commerce Frequently Asked Questions

  • When was SPS Commerce founded?

    SPS Commerce was founded in 1987.

  • Who are SPS Commerce key executives?

    SPS Commerce's key executives are Scott Bolduc, Archie C. Black and Jim Frome.

  • How many employees does SPS Commerce have?

    SPS Commerce has 1,572 employees.

  • What is SPS Commerce revenue?

    Latest SPS Commerce annual revenue is $312.6 m.

  • What is SPS Commerce revenue per employee?

    Latest SPS Commerce revenue per employee is $198.9 k.

  • Who are SPS Commerce competitors?

    Competitors of SPS Commerce include Synovos, Tecsys and Aspen Technology.

  • Where is SPS Commerce headquarters?

    SPS Commerce headquarters is located at Accenture Tower, 333 S 7th St #1000, Minneapolis.

  • Where are SPS Commerce offices?

    SPS Commerce has offices in Minneapolis, Little Falls, Burwood East, North Sydney and in 5 other locations.

  • How many offices does SPS Commerce have?

    SPS Commerce has 9 offices.