SPSC SPS Commerce (SPSC) Insider Trading, Ownership & Congress Trades
Software & IT · Services-prepackaged software · CIK 0001092699
SEC filings
Insider buyers, 180 days
0
House members buying, 1 year
0
STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
180
13F, latest reported quarter
Conversions, 180 days
1
Codes C/M, not in net · $51.8K priced
What the filings say about SPSC
Insiders, 180 days
-$57.0K net sold
1 seller · 0% of sales under a 10b5-1 plan
SPS Commerce insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, SPS COMMERCE INC insiders sold a net $57.0K of stock across 423 Form 4 purchases and sales, with no insider buying. Source: SEC Form 4 filings, as of 2026-10-28.
Insider
Filed
Shares
Value
Since filing
Context
- 15 earlier Form 4 trades (code P or S) here by this insider (15 sales), the last on Apr 7, 2026.
- The trade is 10.9% of the 9,158 shares held after it.
- No other insider sold within 30 days.
- 180 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Reaume Marty M sold about $57.0K of SPSC on May 7, 2026; 180 funds added in the latest 13F quarter.Context
- 14 earlier Form 4 trades (code P or S) here by this insider (14 sales), the last on Mar 9, 2026.
- The trade is 10.9% of the 9,158 shares held after it.
- No other insider sold within 30 days.
- 180 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Reaume Marty M sold about $57.9K of SPSC on Apr 7, 2026; 180 funds added in the latest 13F quarter.Context
- 13 earlier Form 4 trades (code P or S) here by this insider (13 sales), the last on Feb 9, 2026.
- The trade is 10.9% of the 9,158 shares held after it.
- 3 other insiders sold within 30 days.
- 180 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Reaume Marty M sold about $62.7K of SPSC on Mar 9, 2026; 3 other insiders sold within 30 days and 180 funds added in the latest 13F quarter.Context
- 14 earlier Form 4 trades (code P or S) here by this insider (14 sales), the last on Feb 20, 2025.
- The trade is 3.3% of the 56,862 shares held after it.
- 3 other insiders sold within 30 days.
- 180 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP, Chief Technology Officer THINGELSTAD JAMIE sold about $104.1K of SPSC on Feb 24, 2026; 3 other insiders sold within 30 days and 180 funds added in the latest 13F quarter.Context
- 14 earlier Form 4 trades (code P or S) here by this insider (14 sales), the last on Feb 20, 2025.
- The trade is 0.9% of the 56,344 shares held after it.
- 3 other insiders sold within 30 days.
- 180 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP, Chief Technology Officer THINGELSTAD JAMIE sold about $28.7K of SPSC on Feb 24, 2026; 3 other insiders sold within 30 days and 180 funds added in the latest 13F quarter.423 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Seven facts, ranked against the sector ·
Rank is not a forecast
Insiders
net -$57.0K over 180 days
more than 75% of Software & IT
Congress
no House purchase disclosed in the last 12 months
Funds
180 funds bought in last quarter
more than 71% of Software & IT
Revenue
+17.8% year over year
more than 67% of Software & IT
Margin
12.4% net margin
more than 76% of Software & IT
Buybacks
$98.4M repurchased, FY to 2026-06-30
more than 53% of Software & IT
Short interest
8.0% of the float short (float per yahoo 2026-10-27) · 5.7 days to cover · settled 2026-10-15
more than 79% of Software & IT
What changed in the last 30 days
Nothing new filed in the last 30 days
Watch SPSC
A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.
The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
-19.5%12M
Insider sell
Indexed to 100, dividend-adjusted, not a price chart.
When a name files heavily, the largest trades are drawn first.
Who owns SPSC: institutional holders (13F)
13F holdings, latest reported quarter
5,934,211 sh
$339.3M
2,914,709 sh
$166.6M
2,123,881 sh
$121.4M
1,780,876 sh
$101.8M
1,598,383 sh
$91.4M
Congress trades in SPSC
No Congress trades reported
No House member has disclosed a trade in this stock. See what Congress is buying.
Activist and 5% holders (13D/13G)
No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.
SPSC planned insider sales (Form 144)
No planned-sale notices
No insider has filed to sell. Watch this after a run-up.
SPSC mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
Sovereign's Capital Flourish Fund
$2.7M position · as of 2026-07-31
3.1%
FAM SMALL CAP FUND
$8.3M position · as of 2026-06-30
2.7%
The Disciplined Growth Investors Equity Fund
$4.6M position · as of 2026-07-31
2.7%
Invenomic Fund
$20.0M position · as of 2026-07-31
2.3%
The Disciplined Growth Investors Fund
$12.5M position · as of 2026-07-31
2.0%
Global X Cloud Computing ETF
$4.0M position · as of 2026-05-31
1.5%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Executive pay vs shareholder return · Chad Collins
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2025
$11.4M
-$5.6M
$5.4M
-18%
+158%
2024
$14.4M
$11.0M
$4.6M
+69%
+101%
2022
$6.1M
$4.5M
$3.6M
+18%
-11%
2021
$6.7M
$14.1M
$3.8M
+31%
+38%
2020
$4.8M
$18.0M
$2.3M
+96%
+50%
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
The complete filing record, in one place.
The record shows a net $57.0K sold by insiders over 180 days, 180 funds added last quarter. Each figure is a federal filing, dated the day it went public.
SPSC financials
Revenue growth
+17.8%
XBRL, annual
Net margin
12.4%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$772.5M
four quarters, 2025-07-01 to 2026-06-30
Revenue, TTM SPSC
| FY Dec 2025 | $751.5M |
| FY Dec 2024 | $637.8M |
| FY Dec 2023 | $536.9M |
| FY Dec 2022 | $450.9M |
| FY Dec 2021 | $385.3M |
| Jun 2026 | $197.8M |
| Mar 2026 | $192.1M |
| Dec 2025 | $192.7M |
| Sep 2025 | $189.9M |
| Jun 2025 | $187.4M |
| Mar 2025 | $181.5M |
| Dec 2024 | $170.9M |
| Sep 2024 | $163.7M |
At each fiscal year end
Single quarter
Net margin, TTM
+10.1%
net income over revenue, 2025-07-01 to 2026-06-30
Net margin, TTM SPSC
| FY Dec 2025 | +12.4% |
| FY Dec 2024 | +12.1% |
| FY Dec 2023 | +12.3% |
| FY Dec 2022 | +12.2% |
| FY Dec 2021 | +11.6% |
| Jun 2026 | +3.5% |
| Mar 2026 | +10.3% |
| Dec 2025 | +13.4% |
| Sep 2025 | +13.5% |
| Jun 2025 | +10.5% |
| Mar 2025 | +12.2% |
| Dec 2024 | +10.3% |
| Sep 2024 | +14.3% |
At each fiscal year end
Single quarter
Free cash flow, TTM
$198.7M
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Free cash flow, TTM SPSC
| FY Dec 2025 | $152.3M |
| FY Dec 2024 | $137.4M |
| FY Dec 2023 | $112.5M |
| FY Dec 2022 | $80.2M |
| FY Dec 2021 | $93.3M |
| Jun 2026 | $57.4M |
| Mar 2026 | $48.5M |
| Dec 2025 | $38.2M |
| Sep 2025 | $54.6M |
| Jun 2025 | $25.7M |
| Mar 2025 | $33.8M |
| Dec 2024 | $34.3M |
| Sep 2024 | $48.1M |
At each fiscal year end
Single quarter
Debt to equity
n/a
no debt line filed
Debt to equity SPSC
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
n/a
no debt line filed
Cash flow to debt SPSC
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
+8.3%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity SPSC
| FY Dec 2025 | +10.2% |
| FY Dec 2024 | +10.1% |
| FY Dec 2023 | +10.9% |
| FY Dec 2022 | +10.8% |
| FY Dec 2021 | +9.9% |
| Jun 2026 | +8.3% |
| Mar 2026 | +9.7% |
| Dec 2025 | +10.2% |
| Sep 2025 | +9.5% |
| Jun 2025 | +10.0% |
| Mar 2025 | +10.1% |
| Dec 2024 | +10.1% |
| Sep 2024 | +10.8% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
+6.9%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets SPSC
| FY Dec 2025 | +8.5% |
| FY Dec 2024 | +8.3% |
| FY Dec 2023 | +8.8% |
| FY Dec 2022 | +8.6% |
| FY Dec 2021 | +7.8% |
| Jun 2026 | +6.9% |
| Mar 2026 | +8.0% |
| Dec 2025 | +8.5% |
| Sep 2025 | +7.9% |
| Jun 2025 | +8.4% |
| Mar 2025 | +8.3% |
| Dec 2024 | +8.3% |
| Sep 2024 | +8.8% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
n/a
no debt line filed
Return on invested capital SPSC
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
+10.1%
operating income (EBIT proxy) over average of 2025-06-30 and 2026-06-30 minus current liabilities
Return on capital employed SPSC
| FY Dec 2025 | +12.5% |
| FY Dec 2024 | +11.3% |
| FY Dec 2023 | +12.3% |
| FY Dec 2022 | +13.2% |
| FY Dec 2021 | +11.5% |
| Jun 2026 | +10.1% |
| Mar 2026 | +11.9% |
| Dec 2025 | +12.5% |
| Sep 2025 | +11.7% |
| Jun 2025 | +12.1% |
| Mar 2025 | +12.0% |
| Dec 2024 | +11.3% |
| Sep 2024 | +11.5% |
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
43.54x
close 2026-10-26 over four quarters of diluted EPS, 2025-07-01 to 2026-06-30
P/E, trailing SPSC
| FY Dec 2025 | 36.23x |
| FY Dec 2024 | 89.75x |
| FY Dec 2023 | 110.14x |
| FY Dec 2022 | 86.19x |
| FY Dec 2021 | 116.68x |
| Jun 2026 | 27.49x |
| Mar 2026 | 23.10x |
| Dec 2025 | 36.23x |
| Sep 2025 | 46.49x |
| Jun 2025 | 62.14x |
| Mar 2025 | 61.73x |
| Dec 2024 | 89.75x |
| Sep 2024 | 92.90x |
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
n/a
no debt line filed
Enterprise value SPSC
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
+6.1%
TTM free cash flow over market value at close 2026-10-26
FCF yield SPSC
| FY Dec 2025 | +4.5% |
| FY Dec 2024 | +2.0% |
| FY Dec 2023 | +1.6% |
| FY Dec 2022 | +1.7% |
| FY Dec 2021 | +1.8% |
| Jun 2026 | +9.5% |
| Mar 2026 | +8.2% |
| Dec 2025 | +4.5% |
| Sep 2025 | +3.8% |
| Jun 2025 | +2.7% |
| Mar 2025 | +2.8% |
| Dec 2024 | +2.0% |
| Sep 2024 | +1.8% |
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
trailing EPS growth -5%, PEG needs growth
PEG, trailing SPSC
| FY Dec 2025 | 1.81x |
| FY Dec 2024 | 5.45x |
| FY Dec 2023 | 6.08x |
| FY Dec 2022 | 3.89x |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | 1.91x |
| Dec 2025 | 1.81x |
| Sep 2025 | 6.48x |
| Jun 2025 | 4.42x |
| Mar 2025 | 3.53x |
| Dec 2024 | 5.45x |
| Sep 2024 | 3.81x |
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-26. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
| 2025-12 | 2024-12 | 2023-12 | 2022-12 | |
|---|---|---|---|---|
| Revenue | $751.5M | $637.8M | $536.9M | $450.9M |
| Gross profit | $519.9M | $427.1M | $354.8M | $297.8M |
| Operating income | $118.3M | $88.9M | $77.2M | $71.2M |
| Net income | $93.3M | $77.1M | $65.8M | $55.1M |
| EPS (diluted) | 2.46 | 2.04 | 1.76 | 1.49 |
| Operating cash flow | $178.8M | $157.4M | $132.3M | $100.1M |
| Cash | $151.4M | $241.0M | $219.1M | $162.9M |
| Buybacks | $114.3M | $37.6M | $0 | $43.2M |
SEC XBRL, fiscal years, as known on 2026-10-28
SPSC Stock Sonar score 5/7 axes
Find similar shapesCompareSPSC ranks highest on institutional and government (71st percentile) and profitability (70th), and lowest on insider conviction (37th), among Software & IT peers.
5 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
SPSC filings, in plain words
Are SPS Commerce insiders buying or selling SPSC?
In the 180 days to 2026-10-28, SPS Commerce insiders were net sellers, a net $57.0K across purchases and sales reported on Form 4, by 1 seller.
Read the full summary
In the 180 days to 2026-10-28, SPS Commerce insiders were net sellers of SPSC, a net $57.0K across purchases and sales reported on Form 4 by 1 seller. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.
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