Vertex (VERX) Operating Expenses (2019 - 2026)
Vertex (VERX) reported Operating Expenses of $135.5 million for Q1 2026, up 24.85% on a YoY basis from $108.5 million in Q1 2025, and up 5.26% sequentially from $128.7 million in Q4 2025.
Vertex (VERX) Operating Expenses (2019 - 2026) Analysis & Trends
Vertex (VERX) has 8 years of Operating Expenses data on file, last reported at $135.5 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 24.85% year-over-year to $135.5 million; the trailing twelve-month figure through Mar 2026 stood at $506.2 million (up 15.18% YoY), and the FY2025 full-year result was $479.3 million, up 11.89% from the prior year.
- Operating Expenses improved to $135.5 million in Q1 2026, from $128.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $135.5 million in Q1 2026 to a low of $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.
- Across the five-year window, Operating Expenses jumped 35.52% in 2024 and slipped 1.17% in 2025, its largest moves.
- Tracing VERX's Operating Expenses over 5 years: stood at $85.0 million in 2022, then increased by 13.01% to $96.1 million in 2023, then jumped by 35.52% to $130.2 million in 2024, then retreated by 1.17% to $128.7 million in 2025, then grew by 5.26% to $135.5 million in 2026.
- Business Quant data shows VERX's Operating Expenses at $135.5 million in Q1 2026, $128.7 million in Q4 2025, and $117.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -269.42 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 1.16 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 11.28 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 6.22 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 2.66 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 4.23 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 1.25 Bn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 1.04 Bn |
| 10 | Vertex | 104.52 Mn | -147.93 Mn | 124.87 Mn | 135.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 69.02 Mn |