Quarterly ResultApr 30, 2026, 04:33 PM
SPSC Q1 Revenue +5.8% to $192.1M; EPS $0.53; $200M Buyback Boost
AI Summary
SPS Commerce reported Q1 2026 revenues of $192.1 million, a 5.8% increase year-over-year, driven by a 7.1% rise in recurring revenues. However, net income decreased by 11.0% to $19.7 million, resulting in diluted EPS of $0.53. The Board of Directors approved an additional $200.0 million for the share repurchase program, increasing the total authorization to $300.0 million. The company also extended its headquarters lease to 2043 with $33 million in incentives.
Key Highlights
- Board approved additional $200.0M for share repurchase, totaling $300.0M.
- Q1 2026 revenues increased 5.8% to $192.1 million from $181.5 million YoY.
- Recurring revenues grew 7.1% to $184.5 million from $172.3 million YoY.
- Net income decreased 11.0% to $19.7 million from $22.2 million YoY.
- Diluted EPS was $0.53, down from $0.58 in Q1 2025.
- Net cash from operating activities rose to $55.6 million from $40.0 million YoY.
- Repurchased $48.6 million of common stock in Q1 2026.
- Extended headquarters lease to 2043 with $33 million in incentives.