Vertex, Inc. (VERX)

Revenue

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Software Licenses Revenue	287.93M	286.71M	291.08M
Cloud Subscriptions Revenue	385.02M	352.94M	276.04M
Software Subscriptions Revenue	672.95M	639.65M	567.12M
Services Revenue	114.49M	108.79M	99.65M
Revenue (Total)	787.44M	748.44M	666.78M

Gross Profit

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Software Subscriptions Gross Profit	470.49M	451.84M	391.54M
Services Gross Profit	33.09M	29.76M	34.58M
Gross Profit (Total)	503.58M	481.60M	426.13M

Key Performance Indicators

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Annual Recurring Revenue (ARR)	703.40M	671.00M	603.10M
Direct - Customer Count	4.92K	4.87K	4.92K
Indirect - Customer Count	540.00	515.00	464.00
Total Customer Count	5.46K	5.38K	5.38K
Average Annual Revenue per Customer	143.00K	137.87K	122.71K
Net Revenue Retention Rate	105.00%	105.00%	109.00%
Gross Revenue Retention Rate	95.00%	94.00%	95.00%

Data Source: Fiscal.ai Last updated: Aug 4, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 5, 2026

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