BlackRock, Inc. Increases Stake in SPS Commerce Inc.

BlackRock, Inc. has filed an amendment to its Schedule 13G, disclosing an increased ownership in SPS Commerce Inc. As of September 30, 2025, BlackRock owns 5,580,468 shares, representing 14.7% of the company's common stock. This marks an increase of 1,245,517 shares from the previous filing, reflecting a 28.732% rise in both the number of shares and their value. The filing indicates that BlackRock has sole voting power over 5,511,375 shares and sole dispositive power over all 5,580,468 shares. The filing also notes that the iShares Core S&P Small-Cap ETF, managed by BlackRock, holds more than five percent of SPS Commerce's common stock. The amendment was signed by Spencer Fleming, Managing Director at BlackRock, on October 17, 2025.