Vertex (VERX) Research & Development (2019 - 2026)
Vertex's (VERX) quarterly Research & Development came in at $51.9 million in Q2 2026, up 7.11% year-over-year from $48.5 million in Q2 2025, and down 1.4% quarter-over-quarter from $52.6 million in Q1 2026.
Analysis
Vertex (VERX) Research & Development (2019 - 2026) Analysis & Trends
Vertex has disclosed Research & Development across 8 years of filings, most recently posting $51.9 million for Q2 2026.
- In Q2 2026, Research & Development rose 7.11% year-over-year to $51.9 million; the TTM figure through Jun 2026 stood at $204.4 million (up 9.81% YoY), while the FY2025 annual figure was $196.5 million, up 15.19% from the prior year.
- Research & Development came in at $51.9 million for Q2 2026 at Vertex, down from $52.6 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $52.6 million in Q1 2026 to a low of $27.5 million in Q1 2022.
- Average Research & Development over 5 years is $41.0 million, with a median of $40.5 million recorded in 2024.
- Year-over-year, Research & Development jumped 36.24% in 2022 and advanced 3.9% in 2023.
- Over 5 years, Research & Development stood at $35.7 million in 2022, then increased by 3.9% to $37.0 million in 2023, then gained by 28.05% to $47.4 million in 2024, then advanced by 10.67% to $52.5 million in 2025, then dropped by 1.13% to $51.9 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $51.9 million in Q2 2026, $52.6 million in Q1 2026, and $52.5 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thomson Reuters | 46.10 Bn | 45.06 Bn | - | - |
| 2 | Docusign | 12.87 Bn | 12.10 Bn | 697.87 Mn | 313.96 Mn |
| 3 | Workiva | 4.15 Bn | 3.33 Bn | 205.27 Mn | 109.02 Mn |
| 4 | Vertex | 2.22 Bn | 1.99 Bn | 131.30 Mn | 51.90 Mn |
| 5 | Clarivate | 1.33 Bn | 1.11 Bn | 401.80 Mn | - |
| 6 | Donnelley Financial Solutions | 1.26 Bn | 1.23 Bn | 148.00 Mn | - |
| 7 | Legalzoom.Com | 1.03 Bn | 859.25 Mn | 139.93 Mn | 78.85 Mn |
| 8 | Telos | 358.74 Mn | 308.09 Mn | 16.69 Mn | 1.35 Mn |
| 9 | CS Disco | 276.29 Mn | 174.90 Mn | 32.11 Mn | 16.88 Mn |
| 10 | Audioeye | 95.59 Mn | 86.87 Mn | 8.45 Mn | 3.65 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.90 Mn |
| Mar 31, 2026 | 52.64 Mn |
| Dec 31, 2025 | 52.49 Mn |
| Sep 30, 2025 | 47.39 Mn |
| Jun 30, 2025 | 48.45 Mn |
| Mar 31, 2025 | 48.16 Mn |
| Dec 31, 2024 | 47.43 Mn |
| Sep 30, 2024 | 42.11 Mn |
| Jun 30, 2024 | 40.54 Mn |
| Mar 31, 2024 | 40.49 Mn |
| Dec 31, 2023 | 37.04 Mn |
| Sep 30, 2023 | 33.92 Mn |
| Jun 30, 2023 | 33.54 Mn |
| Mar 31, 2023 | 35.74 Mn |
| Dec 31, 2022 | 35.65 Mn |
| Sep 30, 2022 | 30.25 Mn |
| Jun 30, 2022 | 31.98 Mn |
| Mar 31, 2022 | 27.45 Mn |
| Dec 31, 2021 | 28.33 Mn |
| Sep 30, 2021 | 25.66 Mn |