Cloud Subscriptions was Vertex’s largest product and service line in fiscal 2025, bringing in $352.94M of $748.44M (47%).
| Product and Service | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Software Licenses | $246.58M | $266.21M | $291.08M | $286.71M | ||||
| Software Subscriptions | — | — | — | — | ||||
| Cloud Subscriptions | $168.90M | $214.62M | $276.04M | $352.94M | ||||
| Services | $76.15M | $91.56M | $99.65M | $108.79M | ||||
| Total | $491.62M | $572.39M | $666.78M | $748.44M |
Vertex brought in $748.44M from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 12.2% from $666.78M in fiscal 2024. Cloud Subscriptions was the largest at $352.94M (47.2%), ahead of Software Licenses at $286.71M (38.3%) and Services at $108.79M (14.5%).
Compared with fiscal 2024, Cloud Subscriptions grew fastest, up 27.9% to $352.94M, while Software Licenses fell the most, down 1.5% to $286.71M. From fiscal 2022 to 2025, combined revenue from these lines grew from $491.62M to $748.44M, a compound annual growth rate of 15.0%. Cloud Subscriptions' share of the total rose from 34.4% to 47.2%.
Vertex (VERX) reports its revenue by product and service. In fiscal 2025, Cloud Subscriptions was its largest product and service line, bringing in $352.94M (47.2% of the total), followed by Software Licenses at $286.71M (38.3%).
Cloud Subscriptions was Vertex's largest product and service line in fiscal 2025, bringing in $352.94M, or 47.2% of the $748.44M total across its three product and service lines.
Among Vertex's product and service lines that make up at least 2% of revenue, Cloud Subscriptions grew fastest in fiscal 2025, up 27.9% from $276.04M to $352.94M.
Every figure comes from Vertex's annual financial filings, as reported. Each line keeps the name Vertex gives it, and years follow its fiscal calendar.
Vertex's revenue by product and service goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.