Vertex (VERX) Operating Leases (2021 - 2026)
Vertex's Operating Leases was $6.78 million in Q2 2026, down 39.8% from $11.25 million a year earlier and down 11.8% from the prior quarter.
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Analysis
Vertex (VERX) Operating Leases (2021 - 2026) Analysis & Trends
At the end of FY2025, Operating Leases at Vertex came in at $8.9 million, down 29.3% from FY2024.
- Operating Leases has now declined for four consecutive years, with a four-year compound annual growth rate of -22.2% (FY2021 to FY2025).
- In earlier years, Operating Leases was $12.59 million in FY2024 (-24.0%), $16.57 million in FY2023 (-18.9%), $20.42 million in FY2022 (-16.0%) and $24.32 million in FY2021.
- The Q2 2026 figure marks the lowest quarterly Operating Leases in data going back to Q1 2021.
- Compared with a year earlier, Operating Leases has declined for 18 straight quarters, with an average decline of 27.7% over the last eight quarters.
- The year-over-year decline in Operating Leases has ranged between 12.4% (Q1 2022) and 39.8% (Q2 2026) over the last five years.
- Per Business Quant data, VERX's Operating Leases in the three quarters before Q2 2026 was $7.69 million (Q1 2026), $8.9 million (Q4 2025) and $10.09 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn |
| 10 | Vertex | 1.78 Bn | 644.01 Mn | 131.30 Mn |
Historic Data
Download Data
Historic 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 |
API Access
Vertex Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=VERX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "VERX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=VERX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();