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| 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 |
| 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 |