Vtex VTEX
NYSE VTEX
$3.61 -0.01 (-0.28%)
At close: Sep 4, 2026 · 4:00 PM EDT

Vtex (VTEX) Operating Expenses (2019 - 2026)

Vtex (VTEX) posted Operating Expenses of -$26.7 million for Q2 2026, down 5.11% on a QoQ basis from -$25.4 million in Q1 2026, and down 9.24% year-over-year from -$29.4 million in Q2 2025.

Analysis

Vtex (VTEX) Operating Expenses (2019 - 2026) Analysis & Trends

Vtex has reported Operating Expenses for 8 years, with the latest figure at -$26.7 million in Q2 2026.

  • On a quarterly basis, Operating Expenses fell 9.24% year-over-year to -$26.7 million in Q2 2026; TTM through Jun 2026 was -$150.0 million, a 19.13% increase from a year earlier, with the FY2025 full-year figure at -$96.2 million, down 8.79% from the prior year.
  • Operating Expenses was -$26.7 million for Q2 2026 at Vtex, down from -$25.4 million in the prior quarter.
  • The five-year high for Operating Expenses was -$20.7 million in Q3 2022, with the low at -$73.2 million in Q3 2025.
  • Average Operating Expenses over 5 years is -$31.2 million, with a median of -$23.8 million recorded in 2023.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 77.78% in 2022, then sank 202.1% in 2024.
  • Over 5 years, Operating Expenses stood at -$21.2 million in 2022, then fell by 7.08% to -$22.7 million in 2023, then tumbled by 202.1% to -$68.6 million in 2024, then soared by 63.98% to -$24.7 million in 2025, then retreated by 8.09% to -$26.7 million in 2026.
  • The last three Operating Expenses figures came in at -$26.7 million (Q2 2026), -$25.4 million (Q1 2026), and -$24.7 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Shopify 187.92 Bn 182.98 Bn 1.71 Bn 1.22 Bn
2 Global-E Online 6.49 Bn 6.13 Bn 131.87 Mn 87.19 Mn
3 Vtex 624.51 Mn 438.62 Mn 51.71 Mn -26.70 Mn
4 Rezolve Ai 359.91 Mn 248.80 Mn - -
5 Commerce.com 212.95 Mn 56.62 Mn 63.53 Mn 60.83 Mn
6 Baozun 154.04 Mn -65.26 Mn 302.56 Mn -394.92 Mn
7 BeLive Holdings 23.36 Mn 16.74 Mn - -
8 Paid 20.26 Mn 19.18 Mn 1.22 Mn 1.25 Mn
9 Caro Holdings 11.71 Mn 11.71 Mn - 161,540.00
10 My Size 1.36 Mn 650,132.45 973,000.00 2.70 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -26.70 Mn
Mar 31, 2026 -25.40 Mn
Dec 31, 2025 -24.70 Mn
Sep 30, 2025 -73.21 Mn
Jun 30, 2025 -24.44 Mn
Mar 31, 2025 -23.90 Mn
Dec 31, 2024 -68.58 Mn
Sep 30, 2024 -68.58 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 -22.71 Mn
Dec 31, 2022 -21.20 Mn
Sep 30, 2022 -20.70 Mn
Jun 30, 2022 -22.80 Mn
Mar 31, 2022 -20.80 Mn
Dec 31, 2021 -95.41 Mn
Sep 30, 2021 -43.40 Mn