Vertex (VERX) Cost of Revenue (2019 - 2026)
Vertex's (VERX) quarterly Cost of Revenue came in at $72.7 million in Q2 2026, up 14.7% year-over-year from $63.4 million in Q2 2025, and up 1.24% quarter-over-quarter from $71.8 million in Q1 2026.
Analysis
Vertex (VERX) Cost of Revenue (2019 - 2026) Analysis & Trends
Vertex has disclosed Cost of Revenue across 8 years of filings, most recently posting $72.7 million for Q2 2026.
- In Q2 2026, Cost of Revenue rose 14.7% year-over-year to $72.7 million; the TTM figure through Jun 2026 stood at $283.9 million (up 14.15% YoY), while the FY2025 annual figure was $266.8 million, up 10.88% from the prior year.
- Cost of Revenue came in at $72.7 million for Q2 2026 at Vertex, up from $71.8 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $72.7 million in Q2 2026 to a low of $44.9 million in Q1 2022.
- Average Cost of Revenue over 5 years is $59.4 million, with a median of $60.4 million recorded in 2024.
- Year-over-year, Cost of Revenue gained 28.76% in 2022 and grew 0.04% in 2024.
- Over 5 years, Cost of Revenue stood at $49.5 million in 2022, then grew by 23.91% to $61.3 million in 2023, then advanced by 0.04% to $61.3 million in 2024, then rose by 11.88% to $68.6 million in 2025, then climbed by 5.9% to $72.7 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $72.7 million in Q2 2026, $71.8 million in Q1 2026, and $68.6 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Thomson Reuters | 46.10 Bn | 45.06 Bn | - | - |
| 2 | Docusign | 12.87 Bn | 12.10 Bn | 697.87 Mn | 177.87 Mn |
| 3 | Workiva | 4.15 Bn | 3.33 Bn | 205.27 Mn | 50.02 Mn |
| 4 | Vertex | 2.22 Bn | 1.99 Bn | 131.30 Mn | 72.67 Mn |
| 5 | Clarivate | 1.33 Bn | 1.11 Bn | 401.80 Mn | 185.50 Mn |
| 6 | Donnelley Financial Solutions | 1.26 Bn | 1.23 Bn | 148.00 Mn | 76.20 Mn |
| 7 | Legalzoom.Com | 1.03 Bn | 859.25 Mn | 139.93 Mn | 65.36 Mn |
| 8 | Telos | 358.74 Mn | 308.09 Mn | 16.69 Mn | 31.05 Mn |
| 9 | CS Disco | 276.29 Mn | 174.90 Mn | 32.11 Mn | 11.03 Mn |
| 10 | Audioeye | 95.59 Mn | 86.87 Mn | 8.45 Mn | 2.27 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 72.67 Mn |
| Mar 31, 2026 | 71.78 Mn |
| Dec 31, 2025 | 68.62 Mn |
| Sep 30, 2025 | 70.80 Mn |
| Jun 30, 2025 | 63.36 Mn |
| Mar 31, 2025 | 64.07 Mn |
| Dec 31, 2024 | 61.34 Mn |
| Sep 30, 2024 | 59.91 Mn |
| Jun 30, 2024 | 58.42 Mn |
| Mar 31, 2024 | 60.99 Mn |
| Dec 31, 2023 | 61.31 Mn |
| Sep 30, 2023 | 56.87 Mn |
| Jun 30, 2023 | 53.88 Mn |
| Mar 31, 2023 | 51.75 Mn |
| Dec 31, 2022 | 49.48 Mn |
| Sep 30, 2022 | 50.66 Mn |
| Jun 30, 2022 | 48.13 Mn |
| Mar 31, 2022 | 44.87 Mn |
| Dec 31, 2021 | 43.64 Mn |
| Sep 30, 2021 | 43.94 Mn |