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| Date | Value |
|---|---|
| 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 |