Vtex (VTEX) Cost of Revenue (2020 - 2026)
Vtex's quarterly Cost of Revenue came in at $16.8 million in Q1 2026, little changed year-on-year from $16.8 million in Q1 2025, and down 5.01% quarter-over-quarter from $17.7 million in Q4 2025.
Vtex has reported Cost of Revenue for 7 years, with the latest figure at $16.8 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue changed 0.45% year-over-year to $16.8 million; the trailing twelve-month figure through Mar 2026 stood at $68.6 million (changed 0.48% YoY), and the FY2025 full-year result was $68.6 million, changed 0.07% from the prior year.
- Cost of Revenue for Q1 2026 stood at $16.8 million, down from $17.7 million in the prior quarter.
- The five-year high for Cost of Revenue was $59.4 million in Q4 2023, with the low at $12.4 million in Q4 2022.
- Average Cost of Revenue over 5 years is $19.1 million, with a median of $16.8 million recorded in 2025.
- Year-over-year, Cost of Revenue soared 378.65% in 2023 and tumbled 70.58% in 2024.
- Tracing VTEX's Cost of Revenue over 5 years: stood at $12.4 million in 2022, then surged by 378.65% to $59.4 million in 2023, then sank by 70.58% to $17.5 million in 2024, then increased by 1.12% to $17.7 million in 2025, then fell by 5.01% to $16.8 million in 2026.
- The last three Cost of Revenue figures came in at $16.8 million (Q1 2026), $17.7 million (Q4 2025), and $16.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 3.02 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 4.02 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 1.33 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 1.62 Bn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 940.00 Mn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 211.49 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 1.71 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 3.07 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 1.79 Bn |
| 10 | Vtex | 85.92 | -13.94 Mn | 48.45 Mn | 16.77 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.77 Mn |
| Mar 31, 2026 | 16.77 Mn |
| Dec 31, 2025 | 17.66 Mn |
| Dec 31, 2025 | 17.66 Mn |
| Sep 30, 2025 | 16.70 Mn |
| Sep 30, 2025 | 16.70 Mn |
| Jun 30, 2025 | 17.44 Mn |
| Jun 30, 2025 | 17.44 Mn |
| Mar 31, 2025 | 16.85 Mn |
| Mar 31, 2025 | 16.85 Mn |
| Dec 31, 2024 | 17.46 Mn |
| Dec 31, 2024 | 17.46 Mn |
| Sep 30, 2024 | 16.61 Mn |
| Sep 30, 2024 | 16.61 Mn |
| Jun 30, 2024 | 17.32 Mn |
| Jun 30, 2024 | 17.32 Mn |
| Mar 31, 2024 | 17.21 Mn |
| Mar 31, 2024 | 17.21 Mn |
| Dec 31, 2023 | 59.35 Mn |
| Dec 31, 2023 | 59.35 Mn |
| Sep 30, 2023 | 15.10 Mn |
| Sep 30, 2023 | 15.10 Mn |
| Jun 30, 2023 | 14.45 Mn |
| Jun 30, 2023 | 14.45 Mn |
| Mar 31, 2023 | 14.78 Mn |
| Mar 31, 2023 | 14.78 Mn |
| Dec 31, 2022 | 12.40 Mn |
| Dec 31, 2022 | 12.40 Mn |
| Sep 30, 2022 | 16.20 Mn |
| Sep 30, 2022 | 16.20 Mn |
| Jun 30, 2022 | 21.30 Mn |
| Jun 30, 2022 | 21.30 Mn |
| Mar 31, 2022 | 17.90 Mn |
| Mar 31, 2022 | 17.90 Mn |
| Dec 31, 2021 | 17.46 Mn |
| Dec 31, 2021 | 17.46 Mn |
| Sep 30, 2021 | 19.33 Mn |
| Sep 30, 2021 | 19.33 Mn |
| Jun 30, 2021 | 15.70 Mn |
| Jun 30, 2021 | 15.70 Mn |
| Mar 31, 2021 | 11.04 Mn |
| Mar 31, 2021 | 11.04 Mn |
| Dec 31, 2020 | 7.49 Mn |
| Dec 31, 2020 | 7.49 Mn |
| Sep 30, 2020 | 5.25 Mn |
| Sep 30, 2020 | 5.25 Mn |
| Jun 30, 2020 | 5.36 Mn |
| Jun 30, 2020 | 5.36 Mn |