Vtex (VTEX) EBITDA Margin (2020 - 2026)
Vtex's (VTEX) quarterly EBITDA Margin came in at 9.63% in Q1 2026, up 999.0% year-on-year from 0.88% in Q1 2025, and down 41.54% quarter-over-quarter from 16.47% in Q4 2025.
Vtex (VTEX) EBITDA Margin (2020 - 2026) Analysis & Trends
Vtex's EBITDA Margin history runs 7 years deep, the most recent figure standing at 9.63% for Q1 2026.
- On a quarterly basis, EBITDA Margin rose 999.0% year-over-year to 9.63% in Q1 2026; TTM through Mar 2026 was 7.45%, a 527.0% increase from a year earlier, with the FY2025 full-year figure at 7.53%, up 427.0% from the prior year.
- EBITDA Margin retreated to 9.63% in Q1 2026 per VTEX's latest filing, from 16.47% in the prior quarter.
- Across five years, EBITDA Margin topped out at 16.47% in Q4 2025 and bottomed at 48.84% in Q2 2022.
- The 5-year median for EBITDA Margin is 0.36% (2025), against an average of 7.72%.
- Across the five-year window, EBITDA Margin jumped 4735 bps in 2022 and tumbled 604 bps in 2024, its largest moves.
- Year by year, EBITDA Margin stood at 6.59% in 2022, then surged by 253 bps to 10.1% in 2023, then plunged by 60 bps to 4.06% in 2024, then jumped by 306 bps to 16.47% in 2025, then plunged by 42 bps to 9.63% in 2026.
- Per Business Quant, the three latest VTEX EBITDA Margin figures stand at 9.63% (Q1 2026), 16.47% (Q4 2025), and 3.99% (Q3 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 12.05% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 14.56% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 21.08% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 4.06% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | -22.99% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -23.45% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 29.26% |
| 10 | Vtex | 668.59 Mn | 668.66 Mn | 48.45 Mn | 9.63% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.63% |
| Dec 31, 2025 | 16.47% |
| Sep 30, 2025 | 3.99% |
| Jun 30, 2025 | 4.93% |
| Mar 31, 2025 | -0.36% |
| Dec 31, 2024 | 4.06% |
| Sep 30, 2024 | 1.39% |
| Jun 30, 2024 | 1.42% |
| Mar 31, 2024 | -4.75% |
| Dec 31, 2023 | 10.10% |
| Sep 30, 2023 | -7.11% |
| Jun 30, 2023 | -15.34% |
| Mar 31, 2023 | -22.95% |
| Dec 31, 2022 | -6.59% |
| Sep 30, 2022 | -29.12% |
| Jun 30, 2022 | -48.84% |
| Mar 31, 2022 | -48.13% |
| Dec 31, 2021 | -35.41% |
| Sep 30, 2021 | -76.48% |
| Jun 30, 2021 | -53.09% |