Vtex (VTEX) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
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VTEX Revenue Growth
Revenue Breakdown (FY 2025)
VTEX's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
VTEX Revenue Analysis (2019–2025)
As of May 6, 2026, Vtex (VTEX) generated trailing twelve-month (TTM) revenue of $240.5 million, reflecting strong growth of +10.5% year-over-year. The most recent quarter (Q4 2025) recorded $68.0 million in revenue, up 14.0% sequentially.
Looking at the longer-term picture, VTEX's 5-year compound annual growth rate (CAGR) stands at +19.5%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $240.5 million in 2025, representing a new all-time high.
Revenue diversification analysis shows VTEX's business is primarily driven by Subscription (97%), and Service (3%). With over half of revenue concentrated in Subscription, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including SHOP (+31.8% YoY), WIX (+13.2% YoY), and CART (+11.8% YoY), VTEX has underperformed the peer group in terms of revenue growth. Compare VTEX vs SHOP →
VTEX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| VTEXCurrent | $241M | +10.5% | +19.5% | 7.5% | |
 SHOP | $11.6B | +31.8% | +31.6% | 12.7% | |
 WIX | $2.0B | +13.2% | +15.2% | 0.1% | |
 CART | $3.7B | +11.8% | - | 15.4% | |
 MELI | $28.9B | +39.1% | +48.7% | 11.1% | |
 EBAY | $11.1B | +12.5% | +4.5% | 20.5% |
VTEX Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $240.5M | +6.1% | $186.3M | 77.5% | $18.1M | 7.5% |
| 2024 | $226.7M | +12.5% | $167.3M | 73.8% | $10.1M | 4.5% |
| 2023 | $201.5M | +27.8% | $140.6M | 69.8% | $-14,602,000 | -7.2% |
| 2022 | $157.6M | +25.3% | $104.8M | 66.5% | $-49,919,000 | -31.7% |
| 2021 | $125.8M | +27.5% | $76.2M | 60.6% | $-65,929,000 | -52.4% |
| 2020 | $98.7M | +60.9% | $63.8M | 64.7% | $6.5M | 6.6% |
| 2019 | $61.3M | - | $41.1M | 67.0% | $-1,809,000 | -2.9% |
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Start ComparisonVTEX — Frequently Asked Questions
Quick answers to the most common questions about buying VTEX stock.
Is VTEX's revenue growth accelerating or slowing?
VTEX maintains +10.5% revenue growth, in line with its 5-year CAGR of +19.5%. TTM revenue stands at $241M. Growth rate remains consistent with historical average.
What is VTEX's long-term revenue growth rate?
Vtex's 5-year revenue CAGR of +19.5% reflects the sustained expansion pattern. Current YoY growth of +10.5% is near this long-term average.
How is VTEX's revenue distributed by segment?
VTEX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2025 are available for download. Segment mix reveals concentration and diversification trends.