secwatch.observer — SEC 8-K summary
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Issuer:     SPS COMMERCE INC (SPSC)
CIK:        0001092699
Form:       8-K
Filed at:   2026-07-30T20:08:43+00:00
Accession:  0001092699-26-000063
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPS Commerce Q2 revenue and Adjusted EBITDA beat guidance; divests 3P Revenue Recovery business
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- Revenue $197.8M (+6% YoY); recurring revenue up 6%; Adjusted EBITDA $66.6M (+19%).
- GAAP net income $6.9M ($0.19 diluted) vs $19.7M ($0.52) a year ago; non-GAAP income $46.4M ($1.27).
- Divested 3P Revenue Recovery business on June 30; reduces H2 2026 revenue by ~$10.5M, neutral to Adjusted EBITDA.
- FY2026 guidance: revenue $788.4-793.4M (5-6% growth); Adjusted EBITDA margin ~34% (+300 bps YoY).
- Share repurchases of $51.2M in Q2; CEO highlights AI agentic capabilities (MAX) launching to all Fulfillment customers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1092699/000109269926000063/0001092699-26-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1092699/000109269926000063/spsc-20260730.htm
  HTML page:      https://secwatch.observer/filing/0001092699-26-000063

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer