Vertex (VERX) Operating Expenses (2019 - 2026)
Vertex's (VERX) quarterly Operating Expenses came in at $135.7 million in Q2 2026, up 8.54% year-over-year from $125.1 million in Q2 2025, and little changed quarter-over-quarter from $135.5 million in Q1 2026.
Analysis
Vertex (VERX) Operating Expenses (2019 - 2026) Analysis & Trends
Vertex has disclosed Operating Expenses across 8 years of filings, most recently posting $135.7 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 8.54% year-over-year to $135.7 million; the TTM figure through Jun 2026 stood at $516.9 million (up 10.12% YoY), while the FY2025 annual figure was $479.3 million, up 11.89% from the prior year.
- Operating Expenses came in at $135.7 million for Q2 2026 at Vertex, roughly flat from $135.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $135.7 million in Q2 2026 to a low of $69.6 million in Q1 2022.
- Average Operating Expenses over 5 years is $102.9 million, with a median of $96.7 million recorded in 2023.
- Year-over-year, Operating Expenses surged 35.52% in 2024 and dropped 1.17% in 2025.
- Over 5 years, Operating Expenses stood at $85.0 million in 2022, then rose by 13.01% to $96.1 million in 2023, then surged by 35.52% to $130.2 million in 2024, then decreased by 1.17% to $128.7 million in 2025, then grew by 5.47% to $135.7 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $135.7 million in Q2 2026, $135.5 million in Q1 2026, and $128.7 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Thomson Reuters | 46.10 Bn | 45.06 Bn | - | -1.21 Bn |
| 2 | Docusign | 12.87 Bn | 12.10 Bn | 697.87 Mn | 580.25 Mn |
| 3 | Workiva | 4.15 Bn | 3.33 Bn | 205.27 Mn | 193.60 Mn |
| 4 | Vertex | 2.22 Bn | 1.99 Bn | 131.30 Mn | 135.74 Mn |
| 5 | Clarivate | 1.33 Bn | 1.11 Bn | 401.80 Mn | 787.50 Mn |
| 6 | Donnelley Financial Solutions | 1.26 Bn | 1.23 Bn | 148.00 Mn | 78.10 Mn |
| 7 | Legalzoom.Com | 1.03 Bn | 859.25 Mn | 139.93 Mn | 129.28 Mn |
| 8 | Telos | 358.74 Mn | 308.09 Mn | 16.69 Mn | 16.38 Mn |
| 9 | CS Disco | 276.29 Mn | 174.90 Mn | 32.11 Mn | 41.33 Mn |
| 10 | Audioeye | 95.59 Mn | 86.87 Mn | 8.45 Mn | 9.05 Mn |
Historic Data
Download Data
Historic 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 |