Vtex (VTEX) Operating Expenses (2020 - 2026)
Vtex's Operating Expenses was -$26.7 million in Q2 2026, compared with -$24.44 million a year earlier.
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Analysis
Vtex (VTEX) Operating Expenses (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Vtex's Operating Expenses was -$150.01 million through Jun 30, 2026; for FY2025, it came in at -$97.89 million.
- In earlier years, Operating Expenses was -$89.7 million in FY2024, $216.12 million in FY2023 (+4.1%), $207.54 million in FY2022 (+8.3%) and $191.7 million in FY2021 (+108.0%).
- Quarterly Operating Expenses has moved between -$77.08 million (Q4 2021) and -$20.7 million (Q3 2022) over five years.
- Per Business Quant data, VTEX's Operating Expenses in the three quarters before Q2 2026 was -$25.4 million (Q1 2026), -$24.7 million (Q4 2025) and -$73.21 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,441.41 Bn | 3,176.31 Bn | 76.16 Bn | 87.00 Bn |
| 2 | Meta Platforms | 1,546.51 Bn | 1,211.03 Bn | 51.23 Bn | 51.61 Bn |
| 3 | Netflix | 269.88 Bn | 231.18 Bn | 6.80 Bn | 1.50 Bn |
| 4 | Alibaba Group Holding | 251.04 Bn | 64.67 Bn | 15.16 Bn | 5.19 Bn |
| 5 | Shopify | 185.46 Bn | 164.27 Bn | 1.78 Bn | 1.21 Bn |
| 6 | Uber Technologies | 139.78 Bn | 111.58 Bn | 6.38 Bn | 12.30 Bn |
| 7 | Booking Holdings | 126.33 Bn | 60.08 Bn | - | 5.48 Bn |
| 8 | Spotify Technology | 126.29 Bn | 83.21 Bn | 1.89 Bn | 645.39 Mn |
| 9 | AppLovin | 119.11 Bn | 107.63 Bn | 1.94 Bn | 475.85 Mn |
| 10 | Vtex | 712.21 Mn | -62.11 Mn | 51.71 Mn | 26.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.70 Mn |
| Mar 31, 2026 | 25.40 Mn |
| Dec 31, 2025 | 24.70 Mn |
| Sep 30, 2025 | 24.80 Mn |
| Jun 30, 2025 | 24.44 Mn |
| Mar 31, 2025 | 23.90 Mn |
| Dec 31, 2024 | 21.10 Mn |
| Sep 30, 2024 | 22.00 Mn |
| Jun 30, 2024 | 23.70 Mn |
| Mar 31, 2024 | 22.80 Mn |
| Dec 31, 2023 | 22.70 Mn |
| Sep 30, 2023 | 23.80 Mn |
| Jun 30, 2023 | 24.80 Mn |
| Mar 31, 2023 | 21.88 Mn |
| Dec 31, 2022 | 21.11 Mn |
| Sep 30, 2022 | 20.76 Mn |
| Jun 30, 2022 | 22.84 Mn |
| Mar 31, 2022 | 20.85 Mn |
| Dec 31, 2021 | 18.83 Mn |
| Sep 30, 2021 | 43.40 Mn |
API Access
Vtex Operating Expenses 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=operating-expenses&ticker=VTEX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=VTEX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();