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 | 4,248.48 Bn | 4,006.00 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,873.50 Bn | 1,576.02 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Netflix | 304.25 Bn | 264.45 Bn | 6.52 Bn | 1.51 Bn |
| 4 | Alibaba Group Holding | 257.83 Bn | 71.60 Bn | 15.11 Bn | -5.17 Bn |
| 5 | Shopify | 230.63 Bn | 207.82 Bn | 1.71 Bn | 1.22 Bn |
| 6 | Uber Technologies | 145.10 Bn | 116.90 Bn | 6.38 Bn | 12.30 Bn |
| 7 | Booking Holdings | 127.39 Bn | 60.44 Bn | - | 4.85 Bn |
| 8 | PDD Holdings | 115.26 Bn | -128.52 Bn | 9.45 Bn | -5.39 Bn |
| 9 | Spotify Technology | 109.42 Bn | 66.92 Bn | 1.86 Bn | 640.46 Mn |
| 10 | Vtex | 760.70 Mn | -13.61 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();