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
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