Vertex (VERX) Gross Margin (2019 - 2026)
Vertex (VERX) reported Gross Margin of 63.5% for Q1 2026, down 32.0% on a YoY basis from 93.38% in Q1 2025, and down 1.94% sequentially from 64.76% in Q4 2025.
Vertex (VERX) Gross Margin (2019 - 2026) Analysis & Trends
Vertex (VERX) has 8 years of Gross Margin data on file, last reported at 63.5% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 32.0% year-over-year to 63.5%; the trailing twelve-month figure through Mar 2026 stood at 64.25% (down 27.0% YoY), and the FY2025 full-year result was 64.35%, up 44.0% from the prior year.
- Gross Margin eased to 63.5% in Q1 2026, 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.
- A 5-year average of 62.51% and a median of 62.27% in 2022 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin sank 473 bps in 2022 and soared 521 bps in 2024, its largest moves.
- Tracing VERX's Gross Margin over 5 years: stood at 62.27% in 2022, then retreated by 3 bps to 60.42% in 2023, then grew by 9 bps to 65.63% in 2024, then retreated by 1 bps to 64.76% in 2025, then dropped by 2 bps to 63.5% in 2026.
- Business Quant data shows VERX's Gross Margin at 63.5% in Q1 2026, 64.76% in Q4 2025, and 63.15% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 201.82 Bn | 181.59 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 192.40 Bn | 189.70 Bn | - | - |
| 3 | Shopify | 163.96 Bn | 158.21 Bn | 1.55 Bn | 48.77% |
| 4 | Salesforce | 153.18 Bn | 141.34 Bn | 8.56 Bn | 76.92% |
| 5 | Uber Technologies | 138.62 Bn | 137.41 Bn | 5.95 Bn | 45.03% |
| 6 | ServiceNow | 111.29 Bn | 106.63 Bn | 2.82 Bn | 70.68% |
| 7 | Automatic Data Processing | 103.41 Bn | 100.18 Bn | 2.87 Bn | 48.28% |
| 8 | Adobe | 97.25 Bn | 91.62 Bn | 5.90 Bn | 89.20% |
| 9 | Snowflake | 93.74 Bn | 90.79 Bn | 926.45 Mn | 66.61% |
| 10 | Vertex | 125.93 Mn | -126.53 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% |