Growth Metrics

Vertex (VERX) Research & Development (2019 - 2026)

Vertex recorded quarterly Research & Development of $24.5 million in Q1 2026, up 10.0% quarter-over-quarter from $22.3 million in Q4 2025, and up 17.54% year-over-year from $20.9 million in Q1 2025.

Vertex's Research & Development history runs 8 years deep, the most recent figure standing at $24.5 million for Q1 2026.

  • In Q1 2026, Research & Development rose 17.54% year-over-year to $24.5 million; the TTM figure through Mar 2026 stood at $87.4 million (up 23.58% YoY), while the FY2025 annual figure was $83.7 million, up 25.57% from the prior year.
  • Research & Development came in at $24.5 million for Q1 2026 at Vertex, up from $22.3 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $24.5 million in Q1 2026 to a low of $9.6 million in Q1 2022.
  • A 5-year average of $16.2 million and a median of $15.9 million in 2023 frame the typical range for Research & Development.
  • Across the five-year window, Research & Development dropped 15.94% in 2022 and surged 64.66% in 2023, its largest moves.
  • Vertex's Research & Development stood at $11.6 million in 2022, then increased by 11.35% to $12.9 million in 2023, then surged by 51.85% to $19.6 million in 2024, then increased by 13.95% to $22.3 million in 2025, then advanced by 10.0% to $24.5 million in 2026.
  • According to Business Quant data, Research & Development over the past three periods registered $24.5 million, $22.3 million, and $19.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Sap Se 253.17 Bn 235.20 Bn 8.16 Bn -1.99 Bn
2 Salesforce 171.07 Bn 161.50 Bn 8.69 Bn 1.62 Bn
3 Uber Technologies 151.10 Bn 150.06 Bn 11.88 Bn 951.00 Mn
4 Shopify 134.25 Bn 128.50 Bn 1.55 Bn 437.00 Mn
5 ServiceNow 105.72 Bn 100.54 Bn 2.83 Bn 823.00 Mn
6 Cadence Design Systems 101.64 Bn 100.23 Bn 1.26 Bn 508.44 Mn
7 Adobe 100.35 Bn 93.46 Bn 5.73 Bn 1.11 Bn
8 Automatic Data Processing 90.91 Bn 87.68 Bn 2.87 Bn 253.90 Mn
9 Intuit 88.30 Bn 81.52 Bn 6.77 Bn 840.00 Mn
10 Vertex 1.10 Bn 851.72 Mn 124.87 Mn 24.55 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 24.55 Mn
Dec 31, 2025 22.32 Mn
Sep 30, 2025 19.93 Mn
Jun 30, 2025 20.58 Mn
Mar 31, 2025 20.89 Mn
Dec 31, 2024 19.59 Mn
Sep 30, 2024 15.62 Mn
Jun 30, 2024 14.61 Mn
Mar 31, 2024 16.85 Mn
Dec 31, 2023 12.90 Mn
Sep 30, 2023 16.77 Mn
Jun 30, 2023 12.68 Mn
Mar 31, 2023 15.86 Mn
Dec 31, 2022 11.58 Mn
Sep 30, 2022 10.35 Mn
Jun 30, 2022 10.31 Mn
Mar 31, 2022 9.63 Mn
Dec 31, 2021 10.75 Mn
Sep 30, 2021 9.88 Mn
Jun 30, 2021 11.93 Mn
Mar 31, 2021 11.46 Mn
Dec 31, 2020 11.14 Mn
Sep 30, 2020 16.50 Mn
Jun 30, 2020 13.62 Mn
Mar 31, 2020 13.08 Mn
Dec 31, 2019 8.51 Mn
Sep 30, 2019 7.27 Mn
Jun 30, 2019 7.21 Mn