Vertex, Inc.

VERX Technology Software Application

Vertex, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $748.4 million, up 12.2% from fiscal 2024.

Revenue
+11.0%
EPS
+1,100.0%
Free cash flow
+76.8%
Total debt
+0.66%

Quarter to September 2026, against a year earlier

17.58 1.66 +10.43%
Market cap
$2.9B
P/E
511×
Fwd P/E
71.3×
Dividend yield
—
F-score
6/9
Altman Z
2.41
Beneish M
−2.95
Dividend safety
n/a

Vertex, Inc. (VERX) Operating margin

Alert me on Operating margin

Vertex, Inc.'s operating margin over the twelve months to 30 September 2026 was −2.15%, down 2.5 percentage points from fiscal 2025 (0.31%). Over the past ten years it has ranged from −28.0% (fiscal 2020) to 9.91% (fiscal 2019); the current reading is higher than 88% of that period. That is below the Software Application industry median of 0.00% and below the Technology sector median of 0.02%.

Operating margin, annual

Embed this chart

Annual newest first

Period Operating margin Change (points)
FY2025 0.31% 0.64
FY2024 −0.33% 2.73
FY2023 −3.06% (1.42)
FY2022 −1.64% (0.95)
FY2021 −0.69% 27.27
FY2020 −28.0% (37.87)
FY2019 9.91% 10.95
FY2018 −1.04% —

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 0.15% 2.33
Jun 2026 −2.18% 3.21
Mar 2026 −5.39% (4.05)
Dec 2025 −1.34% (3.59)
26 more quarters

Against its own ten years

Low −28.0% High 9.91%
Ten-year median −0.87%
Current reading's percentile 38

Operating margin against peers

Company Operating margin
GRND Grindr Inc. compare 29.8%
BLKB Blackbaud, Inc. compare 20.1%
SPSC SPS Commerce, Inc. compare 13.8%
BULL Webull Corporation compare 12.4%
NCNO nCino Inc. compare 7.92%
PLUS ePlus inc. compare 6.62%
VERX Vertex, Inc. −2.15%
KC Kingsoft Cloud Holdings Limited Sponsored ADR compare −3.31%
ASAN Asana, Inc. compare −19.4%
Software Application industry median 0.00%
Technology sector median 0.02%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

More on VERX