Description

SPS Commerce Is Not Just Cutting Customers — Here’s Why The 1P Shift Matters!

SPS Commerce’s second quarter of 2026 results reflect continued growth and strategic refocusing within the company’s cloud-based supply chain network and software solutions. The company reported revenue of $197.8 million, marking a 6% year-over-year increase, with recurring revenue matching this growth. The divestiture of its third-party (3P) revenue recovery business, completed in late June, led to a reduction of approximately 7,300 customers and a loss on sale of $23.5 million. This transaction allows SPS Commerce to sharpen its focus on first-party (1P) suppliers who operate multi-retailer relationships and can more fully leverage the company’s portfolio of supply chain and revenue solutions. Excluding the divested business, SPS expects its core business revenue to grow in the high single digits for the remainder of 2026. Adjusted EBITDA reached $66.