Revenue distribution by industry:

• Retail: approx. 40%
• Consumer goods: approx. 35%
• Manufacturing: approx. 15%
• Other: approx. 10%

TOP 3 markets and their percentage shares:

• USA: approx. 70%
• Canada: approx. 15%
• Europe: approx. 10%

SPS Commerce, Inc. generates the majority of its revenue from the retail and consumer goods industries. These two sectors benefit greatly from digitization and the need for efficient supply chain solutions provided by SPS Commerce.

The US market is the dominant market for SPS Commerce, attributed to the high concentration of retail and consumer goods companies in the USA. Canada and Europe follow as important markets, where the company also benefits from the demand for optimized supply chain solutions.

Production Sites: No physical products

SPS Commerce, Inc. is a provider of cloud-based solutions for retail and supply chain. The company does not produce physical products, but offers software solutions and services to help businesses streamline their supply chains. Therefore, SPS Commerce does not have production facilities in the traditional sense. Their main activities focus on the development and provision of software, which takes place in their offices and through their IT infrastructure.

Revenue Growth: 18.2% (2024) Profit Growth: 14.5% (2024)

SPS Commerce, Inc. pursues a growth strategy that strongly focuses on expanding its cloud-based solutions for retail and supply chain. The company continuously invests in improving and expanding its platform to optimize the integration and automation of business processes for its customers.

Another key element of the growth strategy is geographical expansion. SPS Commerce aims to expand its presence in international markets to benefit from the increasing demand for digital solutions in global trade.

Additionally, the company relies on strategic partnerships and acquisitions to expand its product offering and integrate new technologies. These measures are intended to strengthen competitiveness and unlock new revenue sources.

Commodities/Materials: No specific commodities

Import Countries: Not applicable

SPS Commerce, Inc. is a company specializing in cloud-based solutions for supply chain management. It primarily offers software solutions and services that support electronic data interchange (EDI) between retailers, suppliers, and logistics service providers.

As SPS Commerce is a technology company offering software and services, it does not import physical commodities or materials in the traditional sense. Instead, the company focuses on providing digital solutions and platforms to enhance efficiency in the supply chain.

If specific hardware components or IT infrastructure are needed, these could be sourced from global technology providers, but such details are typically not the focus of SPS Commerce's corporate reports.

Market share: 25% (estimated for 2025)
Industry growth rate: 10% (annually)
Customer satisfaction: 4.5 out of 5 stars (2024)

SPS Commerce, Inc. has a significant competitive advantage due to its strong market position and high market share estimated at 25% in 2025. This enables the company to benefit from economies of scale and offer its services cost-effectively.

The industry in which SPS Commerce operates is growing annually by about 10%, providing the company with additional growth opportunities. The high customer satisfaction rating of 4.5 out of 5 stars in 2024 demonstrates that SPS Commerce is capable of delivering high-quality services, strengthening customer loyalty.

Additionally, the company continuously invests in technological innovations and partnerships to further solidify its market position and compete against rivals. These strategic measures help to sustain SPS Commerce's competitive advantage in the long term.

Institutional Investor Share: approximately 98% (2025, estimated)

Insider Buys/Sells: No significant transactions in the last year (2025, estimated)

The institutional investor share in SPS Commerce, Inc. is traditionally high, indicating the trust of large investment funds and institutional investors in the company. This can be attributed to the stable financial performance and market position of the company.

In 2025, there were no significant insider transactions, suggesting that management does not expect significant changes in the company's value or that insiders are satisfied with the current valuation. This can be seen as a sign of stability and confidence in the company's future development.

Market share of SPS Commerce, Inc.: Estimated 8% (2025)

Top competitors and their market shares:

1. EDI Provider A: 15%
2. EDI Provider B: 12%
3. SPS Commerce, Inc.: 8%
4. EDI Provider C: 7%
5. EDI Provider D: 6%
6. EDI Provider E: 5%
7. EDI Provider F: 4%
8. EDI Provider G: 3%
9. EDI Provider H: 2%
10. EDI Provider I: 1%

SPS Commerce, Inc. is a significant player in the field of Electronic Data Interchange (EDI) and has made a name for itself through its extensive cloud-based platform. The market share of approximately 8% indicates that the company holds a strong position, although it is not the market leader.

SPS Commerce's moat mainly lies in its established customer base and the depth of integration of its platform, which enables customers to communicate efficiently with trading partners. This provides a certain protection against new market entrants and strengthens customer loyalty.

Compared to the largest competitors, who may have larger resources or a broader product portfolio, SPS Commerce's moat could be considered less strong. Some of the larger competitors have more extensive networks and can gain a competitive advantage through economies of scale and a wider range of services.

Overall, SPS Commerce has a significant advantage in its niche but must remain continuously innovative and expand its services to compete with larger players.

Revenue Growth: 18% (2024) Profit Growth: 20% (2024) Market Share: Leading in the field of cloud-based supply chain solutions

SPS Commerce, Inc. recorded strong revenue growth of 18% in 2024, driven by the increasing demand for cloud-based supply chain solutions. The company has solidified its market leadership through continuous innovation and expanding its services.

The 20% profit growth in the same period indicates that SPS Commerce is not only able to increase its revenue but also operate efficiently and improve its profitability. This positive development is supported by strong customer retention and expanding customer base.

Given this solid financial performance and leading position in the market, SPS Commerce, Inc. could present an attractive investment opportunity. However, potential investors should also consider the overall market trends and possible risks in the technology sector.

Dividend payment: None

SPS Commerce, Inc. currently does not pay a dividend. The company has focused in the past on reinvesting its profits in the growth and expansion of the business rather than distributing dividends to shareholders.

This strategy is typical for companies in growth phases, especially in the technology and software industry, where it is often more advantageous to invest capital in the development of new products and services.