Vertex (VERX) Research & Development (2019 - 2026)
Vertex's (VERX) quarterly Research & Development came in at $24.5 million in Q1 2026, up 17.54% year-on-year from $20.9 million in Q1 2025, and up 10.0% quarter-over-quarter from $22.3 million in Q4 2025.
Vertex (VERX) Research & Development (2019 - 2026) Analysis & Trends
Vertex has disclosed Research & Development across 8 years of filings, most recently posting $24.5 million for Q1 2026.
- Research & Development for Q1 2026 came in at $24.5 million, up 17.54% year-over-year; the trailing twelve-month figure through Mar 2026 was $87.4 million (up 23.58% YoY), and the FY2025 annual result 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.
- The 5-year median for Research & Development is $15.9 million (2023), against an average of $16.2 million.
- Across the five-year window, Research & Development slipped 15.94% in 2022 and jumped 64.66% in 2023, its largest moves.
- Vertex's Research & Development stood at $11.6 million in 2022, then grew by 11.35% to $12.9 million in 2023, then jumped by 51.85% to $19.6 million in 2024, then grew by 13.95% to $22.3 million in 2025, then gained by 10.0% to $24.5 million in 2026.
- The last three Research & Development figures came in at $24.5 million (Q1 2026), $22.3 million (Q4 2025), and $19.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -37.02 Mn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 951.00 Mn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 437.00 Mn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 1.63 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 508.44 Mn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 823.00 Mn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 253.90 Mn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 1.20 Bn |
| 10 | Vertex | 979.71 Mn | 727.26 Mn | 124.87 Mn | 24.55 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |