SPS Commerce Reports Q2 2026 Earnings with Divestiture Impact
SPS Commerce (NASDAQ: SPSC) reported second-quarter revenue of $198 million, a 6% increase driven by growth in its core first-party supplier business. The company completed the divestiture of its third-party revenue recovery segment on June 30, which resulted in a $23.5 million loss but is expected to be neutral for adjusted EBITDA in the second half. The firm's recurring revenue grew by 6% year-over-year due to higher average revenue per customer (ARPU of $15,100). Free cash flow reached $57.4 million for Q2 and totaled $198.7 million over the trailing twelve months—a 40% increase from last year. SPS Commerce used nearly 90% of its quarterly free cash flow to repurchase shares. For full-year guidance, revenue is projected between $788 million and $793.4 million with adjusted EBITDA expected in the range of $265 million to $269.1 million.
Tickers: $SPSC
Topics: divestiture ebitda free_cash_flow revenue stock_repurchases