Vtex VTEX
NYSE VTEX
$3.61 -0.01 (-0.28%)
At close: Sep 4, 2026 · 4:00 PM EDT

Vtex (VTEX) Cost of Revenue (2019 - 2026)

Vtex (VTEX) posted Cost of Revenue of $12.7 million for Q2 2026, up 3.89% on a QoQ basis from $12.2 million in Q1 2026, and down 6.2% year-over-year from $13.5 million in Q2 2025.

Analysis

Vtex (VTEX) Cost of Revenue (2019 - 2026) Analysis & Trends

Vtex has reported Cost of Revenue for 8 years, with the latest figure at $12.7 million in Q2 2026.

  • On a quarterly basis, Cost of Revenue fell 6.2% year-over-year to $12.7 million in Q2 2026; TTM through Jun 2026 was $79.1 million, a 31.12% decrease from a year earlier, with the FY2025 full-year figure at $54.2 million, down 9.25% from the prior year.
  • Cost of Revenue was $12.7 million for Q2 2026 at Vtex, up from $12.2 million in the prior quarter.
  • The five-year high for Cost of Revenue was $44.1 million in Q3 2024, with the low at $12.2 million in Q1 2026.
  • Average Cost of Revenue over 5 years is $18.7 million, with a median of $14.6 million recorded in 2022.
  • The sharpest annual moves came in 2022 and 2024: Cost of Revenue plunged 70.56% in 2022, then soared 193.75% in 2024.
  • Over 5 years, Cost of Revenue stood at $14.6 million in 2022, then gained by 8.9% to $15.9 million in 2023, then surged by 177.13% to $44.1 million in 2024, then tumbled by 68.23% to $14.0 million in 2025, then fell by 9.46% to $12.7 million in 2026.
  • The last three Cost of Revenue figures came in at $12.7 million (Q2 2026), $12.2 million (Q1 2026), and $14.0 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Shopify 187.92 Bn 182.98 Bn 1.71 Bn 1.88 Bn
2 Global-E Online 6.49 Bn 6.13 Bn 131.87 Mn 167.13 Mn
3 Vtex 624.51 Mn 438.62 Mn 51.71 Mn 12.68 Mn
4 Rezolve Ai 359.91 Mn 248.80 Mn - -
5 Commerce.com 212.95 Mn 56.62 Mn 63.53 Mn 20.98 Mn
6 Baozun 154.04 Mn -65.26 Mn 302.56 Mn 100.63 Mn
7 BeLive Holdings 23.36 Mn 16.74 Mn - -
8 Paid 20.26 Mn 19.18 Mn 1.22 Mn 4.64 Mn
9 Caro Holdings 11.71 Mn 11.71 Mn - -
10 My Size 1.36 Mn 650,132.45 973,000.00 2.10 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 12.68 Mn
Mar 31, 2026 12.20 Mn
Dec 31, 2025 14.00 Mn
Sep 30, 2025 40.22 Mn
Jun 30, 2025 13.51 Mn
Mar 31, 2025 13.20 Mn
Dec 31, 2024 44.06 Mn
Sep 30, 2024 44.06 Mn
Jun 30, 2024 15.00 Mn
Mar 31, 2024 14.80 Mn
Dec 31, 2023 15.90 Mn
Sep 30, 2023 15.00 Mn
Jun 30, 2023 15.40 Mn
Mar 31, 2023 14.57 Mn
Dec 31, 2022 14.60 Mn
Sep 30, 2022 12.60 Mn
Jun 30, 2022 13.00 Mn
Mar 31, 2022 12.60 Mn
Dec 31, 2021 49.59 Mn
Sep 30, 2021 12.79 Mn