Vtex (VTEX) Net Margin (2020 - 2026)
Vtex (VTEX) recorded Net Margin of 15.59% in Q2 2026, up 10.50 percentage points from 5.09% a year earlier and up 8.83 percentage points from the prior quarter.
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Analysis
Vtex (VTEX) Net Margin (2020 - 2026) Analysis & Trends
On a TTM basis, Vtex's Net Margin came in at 9.34% as of Jun 30, 2026, up 3.51 percentage points year-over-year; for FY2025, it came in at 8.32%, up 1.34 percentage points from FY2024.
- Annual Net Margin has increased for four straight years, with a five-year change of +9.25 percentage points (FY2020 to FY2025).
- Across earlier years, Net Margin came in at 6.98% in FY2024 (+14.87 pp), -7.89% in FY2023 (+25.36 pp), -33.26% in FY2022 (+14.86 pp) and -48.11% in FY2021 (-47.19 pp).
- The Q2 2026 figure is the highest quarterly Net Margin since Q2 2020.
- On a year-over-year basis, Net Margin has increased for four consecutive quarters, with an average year-over-year change of +4.74 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 162.37 percentage points in Q4 2022, against a drop of 148.26 percentage points in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 6.75% (Q1 2026), 14.41% (Q4 2025) and 5.91% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,441.41 Bn | 3,176.31 Bn | 76.16 Bn | 20.51% |
| 2 | Meta Platforms | 1,546.51 Bn | 1,211.03 Bn | 51.23 Bn | 15.26% |
| 3 | Netflix | 269.88 Bn | 231.18 Bn | 6.80 Bn | 28.46% |
| 4 | Alibaba Group Holding | 251.04 Bn | 64.67 Bn | 15.16 Bn | 3.92% |
| 5 | Shopify | 185.46 Bn | 164.27 Bn | 1.78 Bn | 12.35% |
| 6 | Uber Technologies | 139.78 Bn | 111.58 Bn | 6.38 Bn | 16.87% |
| 7 | Booking Holdings | 126.33 Bn | 60.08 Bn | - | 30.55% |
| 8 | Spotify Technology | 126.29 Bn | 83.21 Bn | 1.89 Bn | 10.42% |
| 9 | AppLovin | 119.11 Bn | 107.63 Bn | 1.94 Bn | 65.86% |
| 10 | Vtex | 712.21 Mn | -62.11 Mn | 51.71 Mn | 15.59% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.59% |
| Mar 31, 2026 | 6.75% |
| Dec 31, 2025 | 14.41% |
| Sep 30, 2025 | 10.74% |
| Jun 30, 2025 | 5.09% |
| Mar 31, 2025 | 1.66% |
| Dec 31, 2024 | 11.06% |
| Sep 30, 2024 | 6.07% |
| Jun 30, 2024 | 11.68% |
| Mar 31, 2024 | -1.71% |
| Dec 31, 2023 | 0.33% |
| Sep 30, 2023 | -5.53% |
| Jun 30, 2023 | -12.82% |
| Mar 31, 2023 | -314.60% |
| Dec 31, 2022 | -0.71% |
| Sep 30, 2022 | -515.04% |
| Jun 30, 2022 | -55.44% |
| Mar 31, 2022 | -914.71% |
| Dec 31, 2021 | -28.63% |
| Sep 30, 2021 | -68.91% |
API Access
Vtex Net 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=net-margin&ticker=VTEX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=VTEX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();