Vtex (VTEX) Operating Expenses (2020 - 2026)
Vtex's quarterly Operating Expenses came in at -$25.4 million in Q1 2026, down 6.38% year-on-year from -$27.2 million in Q1 2025, and down 3.03% quarter-over-quarter from -$24.7 million in Q4 2025.
Vtex has reported Operating Expenses for 7 years, with the latest figure at -$25.4 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 6.38% year-over-year to -$25.4 million; the trailing twelve-month figure through Mar 2026 stood at -$99.4 million (down 9.45% YoY), and the FY2025 full-year result was -$97.9 million, down 9.13% from the prior year.
- Operating Expenses for Q1 2026 stood at -$25.4 million, down from -$24.7 million in the prior quarter.
- The five-year high for Operating Expenses was -$20.7 million in Q3 2022, with the low at -$92.6 million in Q4 2023.
- Average Operating Expenses over 5 years is -$27.1 million, with a median of -$23.8 million recorded in 2024.
- Year-over-year, Operating Expenses plunged 336.88% in 2023 and jumped 77.2% in 2024.
- Tracing VTEX's Operating Expenses over 5 years: stood at -$21.2 million in 2022, then sank by 336.88% to -$92.6 million in 2023, then jumped by 77.2% to -$21.1 million in 2024, then declined by 16.86% to -$24.7 million in 2025, then slipped by 3.03% to -$25.4 million in 2026.
- The last three Operating Expenses figures came in at -$25.4 million (Q1 2026), -$24.7 million (Q4 2025), and -$24.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | -7.98 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 6.82 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 11.28 Bn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 1.16 Bn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 2.33 Bn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 1.04 Bn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 3.32 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 4.23 Bn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 4.54 Bn |
| 10 | Vtex | 85.92 | -13.94 Mn | 48.45 Mn | -25.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -25.43 Mn |
| Dec 31, 2025 | -24.68 Mn |
| Sep 30, 2025 | -24.86 Mn |
| Jun 30, 2025 | -24.44 Mn |
| Mar 31, 2025 | -23.90 Mn |
| Dec 31, 2024 | -21.12 Mn |
| Sep 30, 2024 | -22.04 Mn |
| Jun 30, 2024 | -23.77 Mn |
| Mar 31, 2024 | -22.77 Mn |
| Dec 31, 2023 | -92.62 Mn |
| Sep 30, 2023 | -23.88 Mn |
| Jun 30, 2023 | -24.55 Mn |
| Mar 31, 2023 | -21.88 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 | -18.83 Mn |
| Sep 30, 2021 | -43.40 Mn |
| Jun 30, 2021 | -18.48 Mn |
| Mar 31, 2021 | -15.65 Mn |
| Dec 31, 2020 | -11.95 Mn |
| Sep 30, 2020 | -13.40 Mn |
| Jun 30, 2020 | -6.04 Mn |