Vertex (VERX) Operating Expenses (2019 - 2026)
Vertex (VERX) posted Operating Expenses of $135.5 million for Q1 2026, up 5.26% sequentially from $128.7 million in Q4 2025, and up 24.85% YoY from $108.5 million in Q1 2025.
Vertex (VERX) Operating Expenses (2019 - 2026) Analysis & Trends
Vertex has reported Operating Expenses for 8 years, with the latest figure at $135.5 million in Q1 2026.
- Quarterly Operating Expenses rose 24.85% year-over-year to $135.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $506.2 million (up 15.18% YoY) and the FY2025 annual result came in at $479.3 million, up 11.89% from the prior year.
- Operating Expenses improved to $135.5 million in Q1 2026 per VERX's latest filing, from $128.7 million in the prior quarter.
- Over five years, Operating Expenses peaked at $135.5 million in Q1 2026 and troughed at $69.6 million in Q1 2022.
- A 5-year average of $100.9 million and a median of $96.1 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses soared 35.52% in 2024, then declined 1.17% in 2025.
- Over 5 years, Operating Expenses stood at $85.0 million in 2022, then advanced by 13.01% to $96.1 million in 2023, then jumped by 35.52% to $130.2 million in 2024, then dropped by 1.17% to $128.7 million in 2025, then gained by 5.26% to $135.5 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $135.5 million, $128.7 million, and $117.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -16.33 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.22 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 12.30 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 1.25 Bn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 4.34 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 3.67 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.54 Bn |
| 10 | Vertex | 2.06 Bn | 1.82 Bn | 131.30 Mn | 135.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 135.74 Mn |
| Mar 31, 2026 | 135.48 Mn |
| Dec 31, 2025 | 128.70 Mn |
| Sep 30, 2025 | 117.00 Mn |
| Jun 30, 2025 | 125.06 Mn |
| Mar 31, 2025 | 108.51 Mn |
| Dec 31, 2024 | 130.23 Mn |
| Sep 30, 2024 | 105.63 Mn |
| Jun 30, 2024 | 95.14 Mn |
| Mar 31, 2024 | 97.36 Mn |
| Dec 31, 2023 | 96.09 Mn |
| Sep 30, 2023 | 90.17 Mn |
| Jun 30, 2023 | 89.89 Mn |
| Mar 31, 2023 | 89.93 Mn |
| Dec 31, 2022 | 85.03 Mn |
| Sep 30, 2022 | 76.45 Mn |
| Jun 30, 2022 | 75.44 Mn |
| Mar 31, 2022 | 69.65 Mn |
| Dec 31, 2021 | 68.03 Mn |
| Sep 30, 2021 | 70.39 Mn |