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
DateValue
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