Vertex (VERX) Cost of Revenue (2019 - 2026)

Vertex (VERX) reported Cost of Revenue of $71.8 million for Q1 2026, up 12.03% on a YoY basis from $64.1 million in Q1 2025, and up 4.6% sequentially from $68.6 million in Q4 2025.

Vertex (VERX) Cost of Revenue (2019 - 2026) Analysis & Trends

Vertex (VERX) has 8 years of Cost of Revenue data on file, last reported at $71.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue rose 12.03% year-over-year to $71.8 million; the trailing twelve-month figure through Mar 2026 stood at $274.6 million (up 12.65% YoY), and the FY2025 full-year result was $266.8 million, up 10.88% from the prior year.
  • Cost of Revenue advanced to $71.8 million in Q1 2026, from $68.6 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $71.8 million in Q1 2026 to a low of $44.9 million in Q1 2022.
  • A 5-year average of $58.6 million and a median of $59.9 million in 2024 frame the typical range for Cost of Revenue.
  • Across the five-year window, Cost of Revenue rose 28.76% in 2022 and climbed 0.04% in 2024, its largest moves.
  • Tracing VERX's Cost of Revenue over 5 years: stood at $49.5 million in 2022, then climbed by 23.91% to $61.3 million in 2023, then gained by 0.04% to $61.3 million in 2024, then increased by 11.88% to $68.6 million in 2025, then increased by 4.6% to $71.8 million in 2026.
  • Business Quant data shows VERX's Cost of Revenue at $71.8 million in Q1 2026, $68.6 million in Q4 2025, and $70.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Sap Se 199.59 Bn 179.36 Bn 8.16 Bn 3.02 Bn
2 Full Truck Alliance 193.24 Bn 190.53 Bn - -
3 Shopify 164.78 Bn 159.04 Bn 1.55 Bn 1.62 Bn
4 Salesforce 150.52 Bn 138.68 Bn 8.56 Bn 2.57 Bn
5 Uber Technologies 139.79 Bn 138.58 Bn 5.95 Bn 7.26 Bn
6 ServiceNow 109.10 Bn 104.44 Bn 2.82 Bn 1.17 Bn
7 Automatic Data Processing 102.68 Bn 99.45 Bn 2.87 Bn 3.07 Bn
8 Adobe 95.80 Bn 90.17 Bn 5.90 Bn 715.00 Mn
9 Snowflake 93.75 Bn 90.79 Bn 926.45 Mn 464.50 Mn
10 Vertex 122.42 Mn -130.03 Mn 124.87 Mn 71.78 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 71.78 Mn
Mar 31, 2026 71.78 Mn
Dec 31, 2025 68.62 Mn
Dec 31, 2025 68.62 Mn
Sep 30, 2025 70.80 Mn
Sep 30, 2025 70.80 Mn
Jun 30, 2025 63.36 Mn
Jun 30, 2025 63.36 Mn
Mar 31, 2025 64.07 Mn
Mar 31, 2025 64.07 Mn
Dec 31, 2024 61.34 Mn
Dec 31, 2024 61.34 Mn
Sep 30, 2024 59.91 Mn
Sep 30, 2024 59.91 Mn
Jun 30, 2024 58.42 Mn
Jun 30, 2024 58.42 Mn
Mar 31, 2024 60.99 Mn
Mar 31, 2024 60.99 Mn
Dec 31, 2023 61.31 Mn
Dec 31, 2023 61.31 Mn