Vertex (VERX) Tax Provisions (2019 - 2026)

Vertex (VERX) reported Tax Provisions of -$7.1 million for Q1 2026, down 39.84% on a YoY basis from -$11.9 million in Q1 2025, and down 226.85% sequentially from $5.6 million in Q4 2025.

Vertex (VERX) Tax Provisions (2019 - 2026) Analysis & Trends

Vertex (VERX) has 8 years of Tax Provisions data on file, last reported at -$7.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Tax Provisions fell 39.84% year-over-year to -$7.1 million; the trailing twelve-month figure through Mar 2026 stood at -$1.7 million (down 885.8% YoY), and the FY2025 full-year result was $368000.0, down 8.23% from the prior year.
  • Tax Provisions declined to -$7.1 million in Q1 2026, from $5.6 million in the prior quarter.
  • In the past five years, Tax Provisions ranged from a high of $9.6 million in Q1 2023 to a low of -$13.6 million in Q4 2023.
  • A 5-year average of -$367235.3 and a median of $613000.0 in 2024 frame the typical range for Tax Provisions.
  • Peak annual rise in Tax Provisions reached 1082.3% in 2023, while the deepest fall reached 1650.0% in 2023.
  • Tracing VERX's Tax Provisions over 5 years: stood at -$776000.0 in 2022, then tumbled by 1650.0% to -$13.6 million in 2023, then soared by 115.63% to $2.1 million in 2024, then jumped by 165.1% to $5.6 million in 2025, then sank by 226.85% to -$7.1 million in 2026.
  • Business Quant data shows VERX's Tax Provisions at -$7.1 million in Q1 2026, $5.6 million in Q4 2025, and $1.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -936.60 Mn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -32.53 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn -53.00 Mn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 194.00 Mn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 614.00 Mn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 140.00 Mn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 422.00 Mn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn -1.09 Mn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 92.44 Mn
10 Vertex 104.52 Mn -147.93 Mn 124.87 Mn -7.14 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -7.14 Mn
Dec 31, 2025 5.63 Mn
Sep 30, 2025 1.52 Mn
Jun 30, 2025 -1.68 Mn
Mar 31, 2025 -5.11 Mn
Dec 31, 2024 2.12 Mn
Sep 30, 2024 613,000.00
Jun 30, 2024 2.20 Mn
Mar 31, 2024 -4.54 Mn
Dec 31, 2023 -13.58 Mn
Sep 30, 2023 784,000.00
Jun 30, 2023 2.93 Mn
Mar 31, 2023 9.55 Mn
Dec 31, 2022 -776,000.00
Sep 30, 2022 -91,000.00
Jun 30, 2022 500,000.00
Mar 31, 2022 808,000.00
Dec 31, 2021 300,000.00
Sep 30, 2021 -187,000.00
Jun 30, 2021 -1.88 Mn