Growth Metrics

Vertex (VERX) Tax Provisions (2019 - 2026)

Vertex recorded quarterly Tax Provisions of -$7.1 million in Q1 2026, down 154.02% quarter-over-quarter from $13.2 million in Q4 2025, and down 39.84% year-over-year from -$11.9 million in Q1 2025.

Vertex's Tax Provisions history runs 8 years deep, the most recent figure standing at -$7.1 million for Q1 2026.

  • In Q1 2026, Tax Provisions fell 39.84% year-over-year to -$7.1 million; the TTM figure through Mar 2026 stood at $5.9 million (down 89.05% YoY), while the FY2025 annual figure was $8.0 million, down 85.44% from the prior year.
  • Tax Provisions came in at -$7.1 million for Q1 2026 at Vertex, down from $13.2 million in the prior quarter.
  • In the past five years, Tax Provisions ranged from a high of $56.4 million in Q4 2024 to a low of -$10.6 million in Q4 2023.
  • A 5-year average of $3.5 million and a median of $784000.0 in 2023 frame the typical range for Tax Provisions.
  • On a YoY basis, Tax Provisions climbed as much as 1082.3% in 2023 and fell as far as 1210.76% in 2023.
  • Vertex's Tax Provisions stood at $957000.0 in 2022, then tumbled by 1210.76% to -$10.6 million in 2023, then soared by 630.2% to $56.4 million in 2024, then tumbled by 76.55% to $13.2 million in 2025, then tumbled by 154.02% to -$7.1 million in 2026.
  • According to Business Quant data, Tax Provisions over the past three periods registered -$7.1 million, $13.2 million, and $1.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Sap Se 253.17 Bn 235.20 Bn 8.16 Bn -
2 Salesforce 171.07 Bn 161.50 Bn 8.69 Bn 663.00 Mn
3 Uber Technologies 151.10 Bn 150.06 Bn 11.88 Bn 194.00 Mn
4 Shopify 134.25 Bn 128.50 Bn 1.55 Bn -53.00 Mn
5 ServiceNow 105.72 Bn 100.54 Bn 2.83 Bn 204.00 Mn
6 Cadence Design Systems 101.64 Bn 100.23 Bn 1.26 Bn 92.44 Mn
7 Adobe 100.35 Bn 93.46 Bn 5.73 Bn 533.00 Mn
8 Automatic Data Processing 90.91 Bn 87.68 Bn 2.87 Bn 422.00 Mn
9 Intuit 88.30 Bn 81.52 Bn 6.77 Bn 983.00 Mn
10 Vertex 1.10 Bn 851.72 Mn 124.87 Mn -7.14 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 -7.14 Mn
Dec 31, 2025 13.22 Mn
Sep 30, 2025 1.52 Mn
Jun 30, 2025 -1.68 Mn
Mar 31, 2025 -5.11 Mn
Dec 31, 2024 56.36 Mn
Sep 30, 2024 613,000.00
Jun 30, 2024 2.20 Mn
Mar 31, 2024 -4.54 Mn
Dec 31, 2023 -10.63 Mn
Sep 30, 2023 784,000.00
Jun 30, 2023 2.93 Mn
Mar 31, 2023 9.55 Mn
Dec 31, 2022 957,000.00
Sep 30, 2022 -91,000.00
Jun 30, 2022 500,000.00
Mar 31, 2022 808,000.00
Dec 31, 2021 3.37 Mn
Sep 30, 2021 -187,000.00
Jun 30, 2021 -1.88 Mn
Mar 31, 2021 -679,000.00
Dec 31, 2020 34.65 Mn
Sep 30, 2020 -34.63 Mn
Jun 30, 2020 -985,000.00
Mar 31, 2020 250,000.00
Dec 31, 2019 -1.29 Mn
Sep 30, 2019 175,000.00
Jun 30, 2019 221,000.00