100 Consecutive Quarters of Growth for SPS Commerce
SPS Commerce, the industry’s most trusted and powerful supply chain network, announced it has achieved 100 consecutive quarters of growth. This milestone underscores the company’s proven ability to continuously innovate and expand its network to meet the evolving needs of retailers, brands, distributors, manufacturers, and logistics providers worldwide.
To commemorate this achievement, SPS Commerce rang the NASDAQ closing bell on March 2, surrounded by customer executives representing the diverse ecosystem of trading partners that power global commerce.
“Reaching 100 consecutive quarters of growth is a testament to the enduring value of our network and the trust our customers place in us,” said Chad Collins, CEO of SPS Commerce. “This milestone reflects more than financial performance — it demonstrates our ability to help supply chain partners work together more effectively, adapt to disruption, and thrive through continuous change.”
The Power of Network Effects
SPS Commerce’s sustained growth is driven by the continuous cycle of its expanding network. With over 300,000 trading connections, 750M+ transactions per year, and 33M+ product SKUs, the network becomes more valuable as it grows. Each new customer, trading partner, and transaction adds intelligence that benefits the entire ecosystem.
Over the past 25 years, SPS Commerce has maintained momentum through major disruptions including the 2008 recession, the rise of e-commerce, the COVID-19 pandemic, and other global supply chain upheavals. Rather than hindering growth, these events created increased demand for the company’s network and solutions.
Key factors driving sustained growth include:
- Enduring Market Need: The fundamental requirement for businesses to orchestrate trading partners and execute effective omnichannel strategies continues to intensify.
- Network Effects: As the network grows with more trading partners, transactions, and data, it becomes exponentially more valuable.
- Continuous Innovation: Recent expansions include trading partner performance management, revenue recovery capabilities for brands, and AI-powered orchestration features.
- Operational Excellence: Investments in onboarding efficiency enable customers to connect to the network faster than ever.
The company’s growth is reflected in its customer base of 50,000+ recurring revenue customers globally, including seven of 2025’s top 10 retailers (per NRF Top 100) and two-thirds of the fastest-growing brands (per Bain & Company’s 2025 Insurgent Brands list).
Looking Forward
As SPS Commerce celebrates this milestone, the company is accelerating its innovation roadmap with new AI-powered capabilities. Building on network intelligence gained from billions of real transactions, the company is introducing agentic orchestration features that detect anomalies, recommend actions, and coordinate responses across trading partners.
“When customers work with SPS Commerce, they’re making an investment in a long-term partner with an ever-growing network and a continuously evolving suite of supply chain solutions,” added Mike Svatek, Chief Product Officer. “Our next phase of growth will be fueled by the constant need to orchestrate supply chain performance, the expansion of emerging brands, and the global reach of our network combined with breakthrough AI innovations.”
About SPS Commerce
SPS Commerce helps the world’s supply chains move forward together by orchestrating data, decisions, and relationships through the most trusted and powerful network. As The Intelligent Supply Chain Network, we power over 300,000 trading connections across 50,000+ customers globally, processing 750M+ transactions annually.
Our network-powered solutions enable businesses to connect trading partners quickly, orchestrate the workflows and decisions that span partners, and optimize performance across their supply chains. With nearly 3,000 employees across 15 global offices and 99 consecutive quarters of company growth, SPS Commerce is trusted by seven of 2025’s top 10 retailers and two-thirds of the fastest-growing brands.
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