Vtex (VTEX) Net Margin (2019 - 2026)
Vtex (VTEX) posted Net Margin of 15.59% for Q2 2026, up 133.0% on a QoQ basis from 6.69% in Q1 2026, and up 1050.0% year-over-year from 1.36% in Q2 2025.
Analysis
Vtex (VTEX) Net Margin (2019 - 2026) Analysis & Trends
Vtex has reported Net Margin for 8 years, with the latest figure at 15.59% in Q2 2026.
- On a quarterly basis, Net Margin rose 1050.0% year-over-year to 15.59% in Q2 2026; TTM through Jun 2026 was 9.33%, a 284.0% increase from a year earlier, with the FY2025 full-year figure at 8.32%, up 134.0% from the prior year.
- Net Margin was 15.59% for Q2 2026 at Vtex, up from 6.69% in the prior quarter.
- The five-year high for Net Margin was 15.59% in Q2 2026, with the low at 314.6% in Q1 2023.
- Average Net Margin over 5 years is 23.67%, with a median of 0.44% recorded in 2025.
- The sharpest annual moves came in 2022 and 2023: Net Margin jumped 82741 bps in 2022, then tumbled 25959 bps in 2023.
- Over 5 years, Net Margin stood at 0.71% in 2022, then tumbled by 3596 bps to 26.24% in 2023, then jumped by 137 bps to 9.58% in 2024, then surged by 51 bps to 14.42% in 2025, then gained by 8 bps to 15.59% in 2026.
- The last three Net Margin figures came in at 15.59% (Q2 2026), 6.69% (Q1 2026), and 14.42% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Shopify | 187.92 Bn | 182.98 Bn | 1.71 Bn | 41.92% |
| 2 | Global-E Online | 6.49 Bn | 6.13 Bn | 131.87 Mn | 15.96% |
| 3 | Vtex | 624.51 Mn | 438.62 Mn | 51.71 Mn | 15.59% |
| 4 | Rezolve Ai | 359.91 Mn | 248.80 Mn | - | - |
| 5 | Commerce.com | 212.95 Mn | 56.62 Mn | 63.53 Mn | 1.30% |
| 6 | Baozun | 154.04 Mn | -65.26 Mn | 302.56 Mn | 0.62% |
| 7 | BeLive Holdings | 23.36 Mn | 16.74 Mn | - | - |
| 8 | Paid | 20.26 Mn | 19.18 Mn | 1.22 Mn | -0.13% |
| 9 | Caro Holdings | 11.71 Mn | 11.71 Mn | - | -27,799.80% |
| 10 | My Size | 1.36 Mn | 650,132.45 | 973,000.00 | -57.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.59% |
| Mar 31, 2026 | 6.69% |
| Dec 31, 2025 | 14.42% |
| 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 | 11.63% |
| Mar 31, 2024 | -1.63% |
| Dec 31, 2023 | -26.24% |
| Sep 30, 2023 | -4.69% |
| Jun 30, 2023 | -13.89% |
| 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 | -828.12% |
| Sep 30, 2021 | -68.91% |