Vtex (VTEX) Net Margin (2019 - 2026)
Vtex (VTEX) recorded quarterly Net Margin of 6.69% in Q1 2026, down 61.82% quarter-over-quarter from 17.53% in Q4 2025, and up 511.0% on a YoY basis from 1.1% in Q1 2025.
Vtex (VTEX) Net Margin (2019 - 2026) Analysis & Trends
Vtex's Net Margin history runs 8 years deep, the most recent figure standing at 6.69% for Q1 2026.
- In Q1 2026, Net Margin rose 511.0% year-over-year to 6.69%; the TTM figure through Mar 2026 stood at 10.25% (up 404.0% YoY), while the FY2025 annual figure was 10.37%, up 507.0% from the prior year.
- Net Margin was 6.69% for Q1 2026 at Vtex, down from 17.53% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 29.75% in Q3 2022 to a low of 314.6% in Q1 2023.
- Historically, Net Margin has averaged 32.04% across 5 years, with a median of 5.09% in 2025.
- The sharpest annual moves came in 2023 and 2024: Net Margin plunged 25959 bps in 2023, then jumped 31298 bps in 2024.
- A 5-year view of Net Margin shows it stood at 0.71% in 2022, then surged by 848 bps to 5.31% in 2023, then increased by 3 bps to 5.48% in 2024, then soared by 220 bps to 17.53% in 2025, then slumped by 62 bps to 6.69% in 2026.
- The last three Net Margin figures came in at 6.69% (Q1 2026), 17.53% (Q4 2025), and 10.65% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 2.29% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | -18.33% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 18.74% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 22.77% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 12.44% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 22.90% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 25.87% |
| 10 | Vtex | 87.00 | -13.94 Mn | 48.45 Mn | 6.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.69% |
| Dec 31, 2025 | 17.53% |
| Sep 30, 2025 | 10.65% |
| Jun 30, 2025 | 5.09% |
| Mar 31, 2025 | 1.58% |
| Dec 31, 2024 | 5.48% |
| Sep 30, 2024 | 6.02% |
| Jun 30, 2024 | 11.62% |
| Mar 31, 2024 | -1.63% |
| Dec 31, 2023 | 5.31% |
| Sep 30, 2023 | -4.69% |
| Jun 30, 2023 | -212.30% |
| Mar 31, 2023 | -314.60% |
| Dec 31, 2022 | -0.71% |
| Sep 30, 2022 | 29.75% |
| Jun 30, 2022 | -55.46% |
| Mar 31, 2022 | -55.01% |
| Dec 31, 2021 | -28.63% |
| Sep 30, 2021 | -68.91% |
| Jun 30, 2021 | -50.11% |