SPS COMMERCE INC

SPS Commerce Inc. held its 2026 Annual Meeting of Stockholders, where shareholders voted on several key matters. Nine nominees were elected to the Board of Directors, serving until the 2027 Annual Meeting. Additionally, stockholders ratified the appointment of KPMG LLP as the independent auditor for the year ending December 31, 2026, and provided advisory approval for the compensation of the company's named executive officers.

SPS Commerce, Inc. announced that its management will present at the William Blair 46th Annual Growth Stock Conference. The presentation is scheduled for Tuesday, June 2, 2026, at 8:40 AM C.T. A webcast will be available on the company's investor relations website for those unable to attend in person.

SPS Commerce announced that Kimberly Nelson, former Executive Vice President and Chief Financial Officer, will officially retire on June 1, 2026. Ms. Nelson had previously given six months' notice of her retirement, and her successor, Joseph Del Preto, assumed the CFO role on March 16, 2026. The Compensation & Talent Committee waived the six-month notice period requirement for her equity awards, ensuring they are treated under retirement provisions. Ms. Nelson will not receive any cash payments or severance.

SPS Commerce, Inc. reported solid first quarter 2026 financial results, with revenue growing 6% to $192.1 million and recurring revenue up 7% year-over-year. Non-GAAP diluted EPS increased to $1.10, and Adjusted EBITDA rose 7% to $57.9 million. The company also announced the launch of MAX, its new AI capabilities, and provided optimistic guidance for both the second quarter and the full fiscal year 2026, anticipating continued growth and margin expansion.

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.

SPS Commerce, Inc. announced it will release its financial results for the first quarter ended March 31, 2026, after the market close on Thursday, April 30, 2026. The company will host a conference call on the same day at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) to discuss the results. Investors can access the call via dial-in or a live webcast on the company's investor relations website.

SPS Commerce Inc. has granted Performance Stock Units (PSUs) to a participant under its 2010 Equity Incentive Plan. The number of PSUs that can be earned ranges from 0% to 200% of the target, up to a specified maximum, based on the achievement of performance goals. These PSUs will vest upon certification of performance results by the Compensation Committee, provided continuous service is maintained, with each vested PSU representing one share of the company's common stock.