Vertex (VERX) Gross Margin (2019 - 2026)
Vertex's Gross Margin was 64.37% in Q2 2026, down 1.30 percentage points from 65.67% a year earlier but up 0.87 percentage points from the prior quarter.
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Analysis
Vertex (VERX) Gross Margin (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, Vertex's Gross Margin was 63.95% through Jun 30, 2026, down 1.05 percentage points year-over-year; for FY2025, it was 64.35%, up 0.44 percentage points from FY2024.
- Gross Margin has now increased for three consecutive years, with a five-year change of +8.49 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 63.91% in FY2024 (+3.01 pp), 60.90% in FY2023 (+0.18 pp), 60.72% in FY2022 (-1.24 pp) and 61.96% in FY2021 (+6.10 pp).
- Quarterly Gross Margin has moved between 59.65% (Q2 2022) and 65.67% (Q2 2025) over five years.
- Compared with a year earlier, Gross Margin has declined for four straight quarters, with an average year-over-year change of +1.22 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q3 2021 (a gain of 11.02 percentage points); the worst was Q2 2022 (a drop of 4.73 percentage points).
- Per Business Quant data, VERX's Gross Margin in the three quarters before Q2 2026 was 63.50% (Q1 2026), 64.76% (Q4 2025) and 63.15% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | 84.66% |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | - |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | 73.17% |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 76.65% |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 70.68% |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | 45.88% |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 79.10% |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | 66.64% |
| 10 | Vertex | 1.78 Bn | 644.01 Mn | 131.30 Mn | 64.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 64.37% |
| Mar 31, 2026 | 63.50% |
| Dec 31, 2025 | 64.76% |
| Sep 30, 2025 | 63.15% |
| Jun 30, 2025 | 65.67% |
| Mar 31, 2025 | 63.82% |
| Dec 31, 2024 | 65.63% |
| Sep 30, 2024 | 64.85% |
| Jun 30, 2024 | 63.74% |
| Mar 31, 2024 | 61.10% |
| Dec 31, 2023 | 60.42% |
| Sep 30, 2023 | 60.79% |
| Jun 30, 2023 | 61.43% |
| Mar 31, 2023 | 61.02% |
| Dec 31, 2022 | 62.27% |
| Sep 30, 2022 | 59.87% |
| Jun 30, 2022 | 59.65% |
| Mar 31, 2022 | 60.98% |
| Dec 31, 2021 | 60.91% |
| Sep 30, 2021 | 60.32% |
API Access
Vertex Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=VERX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "VERX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=VERX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();