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| Date | Value |
|---|---|
| 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 |