Loading company
Just reported
Q3 2026 results
From Vertex's results release of November 4, 2026; its quarterly report has since been filed.
Revenue
Actual
$213.3M
+11% y/y
+4.6% q/qGuided
—
No guide given
Operating income, GAAP
Actual
$314K
-93% y/y
Guided
—
No guide given
Operating income, adjusted: $57.3M
Company outlook
Q4 2026
- Revenue$215M – $217M+11% y/y First given
Full year 2026
- Revenue$828.9M – $830.9M+11% y/y First given
Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.
Keep exploring
The themes Vertex is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.
Highest-graded in Software Application
Graded A or B and worth $2B or more: A first, then the largest.
SAPSAP SE$287.5BA+
SHOPShopify Inc.$189.5BA+
CRMSalesforce, Inc.$179.1BA+
ADPAutomatic Data Processing, Inc.$121.6BA+
SNOWSnowflake Inc.$105.4BA
Grade rose recently in Technology
Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.
LRCXLAM Research CorporationOct 22, 2026BAGraded B, now A
IBMInternational Business Machines CorporationOct 21, 2026BAGraded B, now A
CDNSCadence Design Systems, Inc.Oct 28, 2026BAGraded B, now A
NXPINXP Semiconductors N.V.Oct 27, 2026BAGraded B, now A
UIUbiquiti Inc.Nov 6, 2026BAGraded B, now A
How it makes money
- Cloud subscriptions49%
- Software licenses36%
- Services and other15%
Shares of revenue are estimates for quarter ended March 31, 2026, not figures from a filing.
Competes with
What it sells6
Tax calculation engine
Calculates taxes and fees on individual sales and purchases using rules for the product, service, and location involved.
Electronic invoicing and digital reporting
Creates, checks, and sends electronic invoices and transaction data to tax authorities and business partners in the formats required by local rules.
Returns and filings automation
Helps businesses prepare, file, and track recurring tax returns and arrange tax payments to the relevant authorities.
Show 3 more
Tax data and document management
Collects transaction tax information from business systems and stores records such as sales-tax exemption certificates for reporting and audits.
Smart Categorization
Uses artificial intelligence to help retail tax teams assign products to the tax categories used to calculate tax.
Managed tax services
Prepares and files indirect-tax returns, makes tax payments, and helps customers handle notices from tax authorities.
Who buys it5
- Large companies operating across many tax jurisdictions buy subscriptions to calculate taxes and manage filings.
- Retail and online sellers use tax calculation tools for sales across stores, websites, and other sales channels.
- Manufacturers and wholesalers use the software to handle tax rules across their supply chains and sales locations.
Show 2 more
- Digital marketplaces and service providers use Vertex software to calculate taxes or file returns for merchants and other end customers.
- Accounting and outsourcing firms use Vertex software to provide tax calculation and filing services to their clients.
What it stands on, and what could break it
What the business leans on
- 1The software depends on timely, accurate updates to tax rules that change across jurisdictions.
- 2Cloud services rely on third-party data-center operators and technology providers.
- 3The software is integrated with customers' business systems, including accounting, sales, billing, and purchasing software; changes to those systems can affect deployments.
What could go wrong
- 1Tax rules and electronic-invoicing requirements change across jurisdictions. Vertex must update its software and tax content, and errors in calculations, filings, or payments it handles can harm customers and expose Vertex to claims.
- 2Cloud services rely on third-party data centers and technology. Outages, cyberattacks, or privacy breaches could interrupt tax processing or expose customer transaction records.
- 3Revenue depends on renewing and expanding customer subscriptions and maintaining business-partner relationships. Customers may use tax functions built into other business software, switch providers, or be affected by changes to partner systems.
About Vertex, Inc.
Vertex software calculates indirect taxes, such as sales and value-added taxes, on purchases and sales using location- and product-specific rules. It also helps companies create electronic invoices, prepare and file tax returns, store transaction records, and respond to audits. It served 4,867 direct customers (December 31, 2025, high) and supported tax compliance in more than 195 countries and territories (December 31, 2025, high). Reported annual recurring revenue per customer was $137,867 (December 31, 2025, high).
- Head office
- King of Prussia, Pennsylvania, United States
- Founded
- 1978 (founding year, medium)
- Employees
- approximately 2,000 (June 30, 2026, medium)
- Listed on
- NASDAQ
- Financial year ends
- December 31
Built from Vertex, Inc.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.
