Supply breakdown
Shares as of Oct 22, 2026| Category | Shares | % | Value | Status |
|---|---|---|---|---|
| Circulating | 35.44M | 100.0% | $2.03B | Estimated |
| Free float | - | - | - | Unavailable |
| Insider-held, unrestricted | - | - | - | Unavailable |
| Locked team funds | - | - | - | Unavailable |
| Other restricted (unlisted classes only) | - | - | - | Unavailable |
| Total outstanding | 35.44M | 100.0% | $2.03B | Verified |
| Ownership views (overlap the categories above, never added) | ||||
| Institutional holdings (13F; over 100%, double counted) | 39.04M | 110.1% | $2.23B | Estimated |
| Insider-held, all (Forms 3, 4, 5) | - | - | - | Unavailable |
Institutional and insider holdings can include both tradable and locked shares, so they are shown for reference and never added to the total. Check: no class has more shares deducted than it has outstanding, and the review found no shares that may be counted twice: reconciles.
Valuation
- Traditional$2.03B
- Fully diluted$2.04B
- Circulating$2.03B
- Free float-
- Locked team value$0
- Other restricted value$0
Locked and restricted shares
Not reviewed yet.
Institutional holders
13F, quarter ended Jun 30, 2026| Holder | Shares | % of total |
|---|---|---|
| BlackRock, Inc. | 5.93M | 16.74% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 2.91M | 8.22% |
| DISCIPLINED GROWTH INVESTORS INC /MN | 2.12M | 5.99% |
| NEUBERGER BERMAN GROUP LLC | 1.78M | 5.02% |
| VANGUARD CAPITAL MANAGEMENT LLC | 1.60M | 4.51% |
| STATE STREET CORP | 1.55M | 4.36% |
| GEODE CAPITAL MANAGEMENT, LLC | 1.27M | 3.57% |
| GOLDMAN SACHS GROUP INC | 1.11M | 3.12% |
| MORGAN STANLEY | 998.0K | 2.82% |
| Jupiter Topco LLC | 984.4K | 2.78% |
Sum of long share positions in Form 13F reports for the quarter. 13F covers managers with over $100M in US equities; some positions are reported by more than one filer. The total is 110% of shares outstanding, so it counts some shares twice: positions reported by more than one manager, and lent shares that appear at both the lender and the buyer. Read it as an upper bound.
Insiders
Forms 3, 4 and 5Form 4 aggregation pending
Share classes
| Class | Listing | Shares outstanding | As of |
|---|---|---|---|
| Common stock | SPSC on Nasdaq | 35,440,926 | Oct 22, 2026 |
Notes and sources
- SPS COMMERCE INC 10-Q for period ended 2026-09-30, Cover page (0001092699-26-000075)
- SEC public float (non-affiliates): $5.20B as of Jun 30, 2025, from the 10-K cover. It is a dollar value at a past date, not circulating supply.