SPS Commerce reports Q2 beat, divests 3P Revenue Recovery for $23.5M loss

Filed July 30, 2026 · Period ending July 30, 2026 · ~2 min read

Key Changes

• high

  Q2 revenue $197.8M (+6% YoY) exceeded guidance; non-GAAP EPS $1.27 (+27% YoY) and Adjusted EBITDA $66.6M (+19% YoY) both beat. GAAP net income fell to $6.9M ($0.19/share) from $19.7M ($0.52/share) due to divestiture loss.

  Item 2.02 verify on EDGAR →
• high

  Divested 3P Revenue Recovery business June 30, 2026 for $23.5M loss. Divestiture removes ~$10.5M revenue in H2 2026 but is Adjusted EBITDA-neutral, indicating the unit was low-margin or unprofitable.

  Exhibit 99.1 view on EDGAR →
• high

  Raised full-year 2026 guidance post-divestiture: revenue $788.4M–$793.4M (5–6% growth), non-GAAP EPS $4.84–$4.93, Adjusted EBITDA $264.6M–$269.1M. Adjusted EBITDA margin expands 300 bps to 34% at midpoint.

  Exhibit 99.1 view on EDGAR →