---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-002582"
form_type: "8-K"
ticker: "SPSC"
cik: "0001092699"
company_name: "SPS COMMERCE INC"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T11:38:11.506808+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SPS Commerce Q1 revenue $125.9M (+20% YoY); EPS $0.41 vs $0.34 YoY

## Summary
- Recurring revenue grew 20% YoY; net income $15.3M ($0.41 diluted) vs $12.6M ($0.34) YoY.
- Non-GAAP EPS $0.67 vs $0.55 YoY; Adjusted EBITDA $37.0M (+16% YoY).
- Q2 2023 revenue guidance $128.0M-$128.8M; non-GAAP EPS $0.62-$0.63.
- FY 2023 revenue guidance $525.5M-$527.6M (+17%); non-GAAP EPS $2.67-$2.70.
- CEO cites omnichannel retail tailwinds; company's 89th consecutive quarter of topline growth.

## SEC filing metadata
- accession: 0001171843-23-002582
- form_type: 8-K
- ticker: SPSC
- cik: 0001092699
- company_name: SPS COMMERCE INC
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1092699/000117184323002582/0001171843-23-002582-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1092699/000117184323002582/f8k_042623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-002582
- JSON: https://secwatch.observer/filing/0001171843-23-002582.json
- Plain text: https://secwatch.observer/filing/0001171843-23-002582.txt

## Key facts
- Earnings Releases
  SPS COMMERCE INC reported full year 2023 results: revenue $525.5 million to $527.6 million, EPS $1.55 to $1.58. Guidance initiated.
  - Period: full year 2023
  - Revenue: $525.5 million to $527.6 million
  - EPS: $1.55 to $1.58
  - Guidance: initiated
  - Result: guidance update
  source text: Full Year 2023 Guidance Revenue is expected to be in the range of $525.5 million to $527.6 million, representing 17% growth over 2022. Net income per diluted share is expected to be in the range of $1.55 to $1.58, with fully diluted weighted average shares outstanding of 37.4 million shares.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1092699/000117184323002582/0001171843-23-002582-index.htm
- Earnings Releases
  SPS COMMERCE INC reported second quarter 2023 results: revenue $128.0 million to $128.8 million, EPS $0.30 to $0.31. Guidance initiated.
  - Period: second quarter 2023
  - Revenue: $128.0 million to $128.8 million
  - EPS: $0.30 to $0.31
  - Guidance: initiated
  - Result: guidance update
  source text: Second Quarter 2023 Guidance Revenue is expected to be in the range of $128.0 million to $128.8 million. Net income per diluted share is expected to be in the range of $0.30 to $0.31, with fully diluted weighted average shares outstanding of 37.5 million shares.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1092699/000117184323002582/0001171843-23-002582-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.