Vtex (VTEX) Gross Margin (2020 - 2026)
Vtex's quarterly Gross Margin came in at 79.83% in Q1 2026, up 416.0% year-on-year from 15.47% in Q1 2025, and little changed quarter-over-quarter from 79.46% in Q4 2025.
Vtex has reported Gross Margin for 7 years, with the latest figure at 79.83% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 416.0% year-over-year to 79.83%; the trailing twelve-month figure through Mar 2026 stood at 78.45% (up 392.0% YoY), and the FY2025 full-year result was 77.47%, up 381.0% from the prior year.
- Gross Margin for Q1 2026 stood at 79.83%, roughly flat from 79.46% in the prior quarter.
- The five-year high for Gross Margin was 1099.84% in Q1 2023, with the low at 63.69% in Q1 2022.
- Average Gross Margin over 5 years is 132.98%, with a median of 73.89% recorded in 2023.
- Year-over-year, Gross Margin surged 103615 bps in 2023 and sank 102789 bps in 2024.
- Tracing VTEX's Gross Margin over 5 years: stood at 67.91% in 2022, then advanced by 9 bps to 73.89% in 2023, then increased by 1 bps to 74.57% in 2024, then advanced by 7 bps to 79.46% in 2025, then grew by 0 bps to 79.83% in 2026.
- The last three Gross Margin figures came in at 79.83% (Q1 2026), 79.46% (Q4 2025), and 77.31% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 72.98% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 77.61% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 48.77% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 75.07% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 85.65% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 89.62% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 48.28% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 79.05% |
| 10 | Vtex | 85.92 | -13.94 Mn | 48.45 Mn | 79.83% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 79.83% |
| Dec 31, 2025 | 79.46% |
| Sep 30, 2025 | 77.31% |
| Jun 30, 2025 | 77.01% |
| Mar 31, 2025 | 75.66% |
| Dec 31, 2024 | 74.57% |
| Sep 30, 2024 | 74.39% |
| Jun 30, 2024 | 73.54% |
| Mar 31, 2024 | 71.95% |
| Dec 31, 2023 | 73.89% |
| Sep 30, 2023 | 70.33% |
| Jun 30, 2023 | 67.62% |
| Mar 31, 2023 | 1,099.84% |
| Dec 31, 2022 | 67.91% |
| Sep 30, 2022 | 67.27% |
| Jun 30, 2022 | 66.41% |
| Mar 31, 2022 | 63.69% |
| Dec 31, 2021 | 62.93% |
| Sep 30, 2021 | 59.86% |
| Jun 30, 2021 | 60.42% |
| Mar 31, 2021 | 58.25% |
| Dec 31, 2020 | 59.26% |
| Sep 30, 2020 | 68.27% |
| Jun 30, 2020 | 70.41% |