Vertex, Inc. (VERX) Revenue History
Annual and quarterly revenue from 2018 to 2025
Compound Annual Growth Rate (CAGR)
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VERX Revenue Growth
Revenue Breakdown (FY 2025)
VERX's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
VERX Revenue Analysis (2018–2025)
As of May 8, 2026, Vertex, Inc. (VERX) generated trailing twelve-month (TTM) revenue of $768.0 million, reflecting strong growth of +11.1% year-over-year. The most recent quarter (Q1 2026) recorded $196.6 million in revenue, up 1.0% sequentially.
Looking at the longer-term picture, VERX's 5-year compound annual growth rate (CAGR) stands at +14.8%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $748.4 million in 2025, representing a new all-time high.
Revenue diversification analysis shows VERX's business is primarily driven by Software subscriptions (46%), Cloud subscriptions (25%), and Software licenses (21%).
When compared to Technology sector peers including HYFM (-26.8% YoY), RYAN (+18.9% YoY), and INTU (+17.2% YoY), VERX has underperformed the peer group in terms of revenue growth. Compare VERX vs HYFM →
VERX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| VERXCurrent | $768M | +11.1% | +14.8% | -1.0% | |
 HYFM | $190M | -26.8% | -4.1% | -27.4% | |
 RYAN | $3.1B | +18.9% | +24.5% | 20.5% | |
 INTU | $18.8B | +17.2% | +19.7% | 26.1% | |
 ADP | $20.6B | +6.9% | +7.1% | 26.3% | |
 PCTY | $1.6B | +14.7% | +23.2% | 19.1% |
VERX Historical Revenue Data (2018–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $748.4M | +12.2% | $454.5M | 60.7% | $-7,846,000 | -1.0% |
| 2024 | $666.8M | +16.5% | $426.1M | 63.9% | $-2,228,000 | -0.3% |
| 2023 | $572.4M | +16.4% | $348.6M | 60.9% | $-17,510,000 | -3.1% |
| 2022 | $491.6M | +15.5% | $298.5M | 60.7% | $-8,082,000 | -1.6% |
| 2021 | $425.5M | +13.6% | $263.7M | 62.0% | $-2,942,000 | -0.7% |
| 2020 | $374.7M | +16.5% | $209.3M | 55.9% | $-104,758,000 | -28.0% |
| 2019 | $321.5M | +18.0% | $211.1M | 65.7% | $31.9M | 9.9% |
| 2018 | $272.4M | - | $176.7M | 64.9% | $-2,833,000 | -1.0% |
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Start ComparisonVERX — Frequently Asked Questions
Quick answers to the most common questions about buying VERX stock.
Is VERX's revenue growth accelerating or slowing?
VERX maintains +11.1% revenue growth, in line with its 5-year CAGR of +14.8%. TTM revenue stands at $768M. Growth rate remains consistent with historical average.
What is VERX's long-term revenue growth rate?
Vertex, Inc.'s 5-year revenue CAGR of +14.8% reflects the sustained expansion pattern. Current YoY growth of +11.1% is near this long-term average.
How is VERX's revenue distributed by segment?
VERX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2018-2025 are available for download. Segment mix reveals concentration and diversification trends.