Vtex (VTEX) Net Margin (2020 - 2026)
Vtex (VTEX) posted quarterly Net Margin of 6.78% for Q1 2026, up 519.0% year-over-year from 1.09% in Q1 2025, and down 53.05% quarter-over-quarter from 14.43% in Q4 2025.
Vtex (VTEX) Net Margin (2020 - 2026) Analysis & Trends
Vtex's Net Margin history runs 7 years deep, the most recent figure standing at 6.78% for Q1 2026.
- In Q1 2026, Net Margin rose 519.0% year-over-year to 6.78%; the TTM figure through Mar 2026 stood at 7.53% (up 169.0% YoY), while the FY2025 annual figure was 8.33%, up 135.0% from the prior year.
- Net Margin for Q1 2026 stood at 6.78%, down from 14.43% in the prior quarter.
- The five-year high for Net Margin was 14.43% in Q4 2025, with the low at 55.46% in Q2 2022.
- The 5-year median for Net Margin is 0.0% (2022), against an average of 1.93%.
- The sharpest annual moves came in 2022 and 2023: Net Margin soared 6891 bps in 2022, then plunged 2624 bps in 2023.
- Vtex's Net Margin stood at 0.0% in 2022, then tumbled by 596923741 bps to 26.24% in 2023, then surged by 137 bps to 9.58% in 2024, then surged by 51 bps to 14.43% in 2025, then sank by 53 bps to 6.78% in 2026.
- Business Quant data shows VTEX's Net Margin at 6.78% in Q1 2026, 14.43% in Q4 2025, and 5.91% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 21.16% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 41.92% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 18.93% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 17.17% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 7.47% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -21.25% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 17.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 25.87% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 35.80% |
| 10 | Vtex | 644.46 Mn | 450.82 Mn | 48.45 Mn | 6.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.78% |
| Dec 31, 2025 | 14.43% |
| Sep 30, 2025 | 5.91% |
| Jun 30, 2025 | 5.09% |
| Mar 31, 2025 | 1.58% |
| Dec 31, 2024 | 9.58% |
| Sep 30, 2024 | 5.50% |
| Jun 30, 2024 | 0.00% |
| Mar 31, 2024 | 0.00% |
| Dec 31, 2023 | -26.24% |
| Sep 30, 2023 | 0.00% |
| Jun 30, 2023 | 0.00% |
| Mar 31, 2023 | 0.00% |
| Dec 31, 2022 | 0.00% |
| Sep 30, 2022 | 0.00% |
| Jun 30, 2022 | -55.46% |
| Mar 31, 2022 | 0.00% |
| Dec 31, 2021 | -28.63% |
| Sep 30, 2021 | -68.91% |
| Jun 30, 2021 | -50.11% |