Vertex (VERX) Gross Margin (2019 - 2026)
Vertex's (VERX) quarterly Gross Margin came in at 63.5% in Q1 2026, down 32.0% year-on-year from 93.38% in Q1 2025, and down 1.94% quarter-over-quarter from 64.76% in Q4 2025.
Vertex (VERX) Gross Margin (2019 - 2026) Analysis & Trends
Vertex has disclosed Gross Margin across 8 years of filings, most recently posting 63.5% for Q1 2026.
- Gross Margin for Q1 2026 came in at 63.5%, down 32.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 64.25% (down 27.0% YoY), and the FY2025 annual result was 64.35%, up 44.0% from the prior year.
- Gross Margin came in at 63.5% for Q1 2026 at Vertex, down from 64.76% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 65.67% in Q2 2025 to a low of 59.65% in Q2 2022.
- The 5-year median for Gross Margin is 62.27% (2022), against an average of 62.51%.
- Across the five-year window, Gross Margin tumbled 473 bps in 2022 and soared 521 bps in 2024, its largest moves.
- Vertex's Gross Margin stood at 62.27% in 2022, then decreased by 3 bps to 60.42% in 2023, then increased by 9 bps to 65.63% in 2024, then decreased by 1 bps to 64.76% in 2025, then declined by 2 bps to 63.5% in 2026.
- The last three Gross Margin figures came in at 63.5% (Q1 2026), 64.76% (Q4 2025), and 63.15% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 48.77% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 76.92% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 85.65% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 75.07% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 48.28% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 89.20% |
| 10 | Vertex | 979.71 Mn | 727.26 Mn | 124.87 Mn | 63.50% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 64.38% |