Vertex (VERX) Operating Leases (2021 - 2026)
Vertex (VERX) posted Operating Leases of $7.7 million for Q1 2026, down 13.67% sequentially from $8.9 million in Q4 2025, and down 32.94% YoY from $11.5 million in Q1 2025.
Vertex (VERX) Operating Leases (2021 - 2026) Analysis & Trends
Vertex has reported Operating Leases for 6 years, with the latest figure at $7.7 million in Q1 2026.
- Quarterly Operating Leases fell 32.94% year-over-year to $7.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $7.7 million (down 32.94% YoY) and the FY2025 annual result came in at $8.9 million, down 29.26% from the prior year.
- Operating Leases declined to $7.7 million in Q1 2026 per VERX's latest filing, from $8.9 million in the prior quarter.
- Over five years, Operating Leases peaked at $23.4 million in Q1 2022 and troughed at $7.7 million in Q1 2026.
- A 5-year average of $15.6 million and a median of $15.5 million in 2024 frame the typical range for Operating Leases.
- The sharpest annual moves came in 2022 and 2026: Operating Leases slipped 12.41% in 2022, then tumbled 32.94% in 2026.
- Over 5 years, Operating Leases stood at $20.4 million in 2022, then retreated by 18.87% to $16.6 million in 2023, then decreased by 24.04% to $12.6 million in 2024, then decreased by 29.26% to $8.9 million in 2025, then declined by 13.67% to $7.7 million in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $7.7 million, $8.9 million, and $10.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn |
| 10 | Vertex | 2.06 Bn | 1.82 Bn | 131.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 6.78 Mn |
| Mar 31, 2026 | 7.69 Mn |
| Dec 31, 2025 | 8.90 Mn |
| Sep 30, 2025 | 10.09 Mn |
| Jun 30, 2025 | 11.25 Mn |
| Mar 31, 2025 | 11.46 Mn |
| Dec 31, 2024 | 12.59 Mn |
| Sep 30, 2024 | 13.57 Mn |
| Jun 30, 2024 | 14.40 Mn |
| Mar 31, 2024 | 15.52 Mn |
| Dec 31, 2023 | 16.57 Mn |
| Sep 30, 2023 | 17.45 Mn |
| Jun 30, 2023 | 18.33 Mn |
| Mar 31, 2023 | 20.06 Mn |
| Dec 31, 2022 | 20.42 Mn |
| Sep 30, 2022 | 21.43 Mn |
| Jun 30, 2022 | 22.37 Mn |
| Mar 31, 2022 | 23.36 Mn |
| Dec 31, 2021 | 24.32 Mn |
| Sep 30, 2021 | 26.71 Mn |