Vtex (VTEX) Revenue History
Annual and quarterly revenue from 2019 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
VTEX's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
VTEX Revenue Analysis (2019–2024)
As of March 2, 2026, Vtex (VTEX) generated trailing twelve-month (TTM) revenue of $234.1 million, reflecting solid growth of +6.5% year-over-year. The most recent quarter (Q3 2025) recorded $59.6 million in revenue, up 1.4% sequentially.
Looking at the longer-term picture, VTEX's 5-year compound annual growth rate (CAGR) stands at +29.9%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $226.7 million in 2024, representing a new all-time high.
Revenue diversification analysis shows VTEX's business is primarily driven by Subscription Cost (50%), Subscription Revenue (46%), and Services Cost (2%). With over half of revenue concentrated in Subscription Cost, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including SHOP (+30.1% YoY), GRAB (+20.5% YoY), and MANH (+3.7% YoY), VTEX has underperformed the peer group in terms of revenue growth. Compare VTEX vs SHOP →
Peer Comparison
Compare VTEX's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| VTEXCurrent | $234M | +6.5% | +29.9% | 4.5% | |
| SHOP | $11.6B | +30.1% | +31.6% | 12.7% | |
| GRAB | $3.4B | +20.5% | +48.4% | 6.0% | |
| MANH | $1.1B | +3.7% | +13.0% | 26.1% | |
| STUB | $1.8B | +16.5% | +52.9% | 7.8% | |
| PTRN | $1.8B | - | - | 4.9% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 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 ComparisonFrequently Asked Questions
Is VTEX's revenue growth accelerating or slowing?
VTEX maintains +6.5% revenue growth, in line with its 5-year CAGR of +29.9%. TTM revenue stands at $234M. Growth rate remains consistent with historical average.
What is VTEX's long-term revenue growth rate?
Vtex's 5-year revenue CAGR of +29.9% reflects the sustained expansion pattern. Current YoY growth of +6.5% 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 2019-2024 are available for download. Segment mix reveals concentration and diversification trends.