Brazil was Vtex’s largest product and service line in fiscal 2025, bringing in $137.11M of $234.92M (58%).
| Product and Service | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Brazil | $107.42M | $126.39M | $137.11M |
| Latin America - Except Brazil | $67.62M | $71.73M | $74.04M |
| Global Markets | $14.58M | $19.54M | $23.77M |
| Total | $189.62M | $217.66M | $234.92M |
Vtex brought in $234.92M from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 7.9% from $217.66M in fiscal 2024. Brazil was the largest at $137.11M (58.4%), ahead of Latin America - Except Brazil at $74.04M (31.5%) and Global Markets at $23.77M (10.1%).
Compared with fiscal 2024, Global Markets grew fastest, up 21.6% to $23.77M. Every line above 2% of revenue grew. From fiscal 2023 to 2025, combined revenue from these lines grew from $189.62M to $234.92M, a compound annual growth rate of 11.3%. Brazil's share of the total rose from 56.6% to 58.4%.
Subscription was Vtex’s largest product and service line in fiscal 2025, bringing in $137.11M of $139.94M (98%).
| Product and Service | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Subscription | $107.42M | $126.39M | $137.11M |
| Services | $7.16M | $5.27M | $2.83M |
| Total | $114.58M | $131.66M | $139.94M |
Vtex brought in $139.94M from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That is less than the $234.92M it reports by product and service, so these lines do not cover all of its revenue. Subscription was the largest at $137.11M (98.0%), ahead of Services at $2.83M (2.0%).
Compared with fiscal 2024, Subscription grew 8.5% to $137.11M, while Services fell 46.3% to $2.83M.
Subscription Revenue was Vtex’s largest region in fiscal 2024, bringing in $198.19M of $207.19M (96%).
| Geography | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Subscription Revenue | $93.96M | $122.00M | $198.19M |
| Services Revenue | $9.15M | $11.22M | $9.00M |
| Total | $103.10M | $133.21M | $207.19M |
Vtex brought in $207.19M from its two regions in fiscal 2024, the year ended December 31, 2024. That was up 55.5% from $133.21M in fiscal 2023. Subscription Revenue was the largest at $198.19M (95.7%), ahead of Services Revenue at $9.00M (4.3%).
Compared with fiscal 2023, Subscription Revenue grew 62.5% to $198.19M, while Services Revenue fell 19.7% to $9.00M. From fiscal 2022 to 2024, combined revenue from these regions grew from $103.10M to $207.19M, a compound annual growth rate of 41.8%. Subscription Revenue's share of the total rose from 91.1% to 95.7%.
Vtex (VTEX) reports its revenue by product and service and by geography. In fiscal 2025, Brazil was its largest product and service line, bringing in $137.11M (58.4% of the total), followed by Latin America - Except Brazil at $74.04M (31.5%).
Brazil was Vtex's largest product and service line in fiscal 2025, bringing in $137.11M, or 58.4% of the $234.92M total across its three product and service lines.
Subscription Revenue was Vtex's largest region in fiscal 2024, bringing in $198.19M, or 95.7% of the $207.19M total across its two regions.
Among Vtex's product and service lines that make up at least 2% of revenue, Global Markets grew fastest in fiscal 2025, up 21.6% from $19.54M to $23.77M.
Every figure comes from Vtex's annual financial filings, as reported. Each line keeps the name Vtex gives it, and years follow its fiscal calendar.
Vtex's revenue by product and service goes back to fiscal 2023, 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.