Vtex (VTEX) Operating Margin (2019 - 2026)

Vtex has reported Operating Margin for 8 years, with the latest figure at 15.0% in Q2 2026.

• On a quarterly basis, Operating Margin rose 1005.0% year-over-year to 15.0% in Q2 2026; TTM through Jun 2026 was 9.17%, a 653.0% increase from a year earlier, with the FY2025 full-year figure at 7.53%, up 427.0% from the prior year.
• Operating Margin was 15.0% for Q2 2026 at Vtex, up from 9.56% in the prior quarter.
• The five-year high for Operating Margin was 16.47% in Q4 2025, with the low at 385.08% in Q1 2023.
• Average Operating Margin over 5 years is 26.58%, with a median of 0.51% recorded in 2025.
• The sharpest annual moves came in 2022 and 2023: Operating Margin soared 89568 bps in 2022, then slumped 33695 bps in 2023.
• Over 5 years, Operating Margin stood at 6.59% in 2022, then soared by 253 bps to 10.1% in 2023, then sank by 60 bps to 4.06% in 2024, then surged by 306 bps to 16.47% in 2025, then fell by 9 bps to 15.0% in 2026.
• The last three Operating Margin figures came in at 15.0% (Q2 2026), 9.56% (Q1 2026), and 16.47% (Q4 2025), per Business Quant data.