Vtex (VTEX) Gross Margin (2020 - 2026)
Vtex's Gross Margin came in at 80.31% for Q2 2026, up 3.30 percentage points from 77.01% a year earlier and up 0.41 percentage points from the prior quarter.
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Analysis
Vtex (VTEX) Gross Margin (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Vtex reported Gross Margin of 78.37%, up 3.80 percentage points year-over-year; for FY2025, it came in at 77.47%, up 3.81 percentage points from FY2024.
- Gross Margin has increased in each of the last four years, with a five-year change of +12.79 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 73.66% in FY2024 (+4.03 pp), 69.63% in FY2023 (+3.15 pp), 66.48% in FY2022 (+5.91 pp) and 60.57% in FY2021 (-4.11 pp).
- The Q2 2026 figure represents the highest quarterly Gross Margin in data going back to Q3 2019.
- Year-over-year, Gross Margin has increased for 19 consecutive quarters, with an average year-over-year change of +3.35 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in Q3 2022 (a gain of 7.41 percentage points), and the weakest in Q3 2021 (a drop of 8.37 percentage points).
- Business Quant data shows VTEX's Gross Margin at 79.90% (Q1 2026), 79.41% (Q4 2025) and 76.69% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,441.41 Bn | 3,176.31 Bn | 76.16 Bn | 59.70% |
| 2 | Meta Platforms | 1,546.51 Bn | 1,211.03 Bn | 51.23 Bn | 79.31% |
| 3 | Netflix | 269.88 Bn | 231.18 Bn | 6.80 Bn | 52.78% |
| 4 | Alibaba Group Holding | 251.04 Bn | 64.67 Bn | 15.16 Bn | 38.24% |
| 5 | Shopify | 185.46 Bn | 164.27 Bn | 1.78 Bn | 47.59% |
| 6 | Uber Technologies | 139.78 Bn | 111.58 Bn | 6.38 Bn | 44.93% |
| 7 | Booking Holdings | 126.33 Bn | 60.08 Bn | - | - |
| 8 | Spotify Technology | 126.29 Bn | 83.21 Bn | 1.89 Bn | 32.98% |
| 9 | AppLovin | 119.11 Bn | 107.63 Bn | 1.94 Bn | 88.98% |
| 10 | Vtex | 712.21 Mn | -62.11 Mn | 51.71 Mn | 80.31% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 80.31% |
| Mar 31, 2026 | 79.90% |
| Dec 31, 2025 | 79.41% |
| Sep 30, 2025 | 77.35% |
| Jun 30, 2025 | 77.01% |
| Mar 31, 2025 | 75.65% |
| Dec 31, 2024 | 74.63% |
| Sep 30, 2024 | 74.29% |
| Jun 30, 2024 | 73.63% |
| Mar 31, 2024 | 72.05% |
| Dec 31, 2023 | 73.68% |
| Sep 30, 2023 | 70.16% |
| Jun 30, 2023 | 67.65% |
| Mar 31, 2023 | 1,099.84% |
| Dec 31, 2022 | 67.91% |
| Sep 30, 2022 | 1,165.86% |
| Jun 30, 2022 | 66.40% |
| Mar 31, 2022 | 1,057.21% |
| Dec 31, 2021 | 62.93% |
| Sep 30, 2021 | 59.86% |
API Access
Vtex Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=VTEX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "VTEX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=VTEX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();