Vertex (VERX) Gross Margin (2019 - 2026)
Vertex recorded quarterly Gross Margin of 63.5% in Q1 2026, down 1.94% quarter-over-quarter from 64.76% in Q4 2025, and down 32.0% year-over-year from 93.38% in Q1 2025.
Vertex's Gross Margin history runs 8 years deep, the most recent figure standing at 63.5% for Q1 2026.
- In Q1 2026, Gross Margin fell 32.0% year-over-year to 63.5%; the TTM figure through Mar 2026 stood at 64.25% (down 27.0% YoY), while the FY2025 annual figure 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.
- 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 slumped 473 bps in 2022 and jumped 521 bps in 2024, its largest moves.
- Vertex's Gross Margin stood at 62.27% in 2022, then slipped by 3 bps to 60.42% in 2023, then rose by 9 bps to 65.63% in 2024, then slipped by 1 bps to 64.76% in 2025, then fell by 2 bps to 63.5% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 63.5%, 64.76%, and 63.15% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 72.98% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 77.61% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 48.77% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 75.07% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 85.65% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 89.62% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 48.28% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 79.05% |
| 10 | Vertex | 1.10 Bn | 851.72 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% |
| Mar 31, 2021 | 62.40% |
| Dec 31, 2020 | 63.62% |
| Sep 30, 2020 | 49.30% |
| Jun 30, 2020 | 54.26% |
| Mar 31, 2020 | 55.78% |
| Dec 31, 2019 | 64.83% |
| Sep 30, 2019 | 66.72% |
| Jun 30, 2019 | 65.41% |