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	Mar 31, 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	286.48M	286.71M	291.08M
Software Licenses Revenue Growth	-0.08%	-1.50%	9.34%
Cloud Subscriptions Revenue	369.56M	352.94M	276.04M
Cloud Subscriptions Revenue Growth	4.71%	27.86%	28.62%
Software Subscriptions Revenue	656.04M	639.65M	567.12M
Software Subscriptions Revenue Growth	2.56%	12.79%	17.95%
Services Revenue	111.99M	108.79M	99.65M
Services Revenue Growth	2.94%	9.17%	8.84%
Revenue (Total)	768.03M	748.44M	666.78M
Revenue (Total) Growth	2.62%	12.25%	16.49%

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	Mar 31, 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	461.29M	451.84M	391.54M
Software Subscriptions Gross Profit Growth	2.09%	15.40%	23.16%
Services Gross Profit	32.18M	29.76M	34.58M
Services Gross Profit Growth	8.13%	-13.93%	12.76%
Gross Profit (Total)	493.48M	481.60M	426.13M
Gross Profit (Total) Growth	2.47%	13.02%	22.25%

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	Mar 31, 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)	687.60M	671.00M	603.10M
Annual Recurring Revenue (ARR) Growth	2.47%	11.26%	17.68%
Direct - Customer Count	4.90K	4.87K	4.92K
Direct - Customer Count Growth	0.57%	-0.98%	14.04%
Indirect - Customer Count	530.00	515.00	464.00
Indirect - Customer Count Growth	2.91%	10.99%	14.85%
Total Customer Count	5.43K	5.38K	5.38K
Total Customer Count Growth	0.80%	0.06%	14.11%
Average Annual Revenue per Customer	140.46K	137.87K	122.71K
Average Annual Revenue per Customer Growth	1.88%	12.36%	3.19%
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: May 7, 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:

Jun 17, 2026

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