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Vertex (VERX) Revenue & Revenue Breakdown

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Vertex Revenue Highlights

Latest Revenue (Y)

$748.44M

Latest Revenue (Q)

$192.11M

Main Segment (Y)

Software subscriptions

Vertex Revenue by Period

Vertex Revenue by Year

DateRevenueChange
2025-12-31$748.44M12.25%
2024-12-31$666.78M16.49%
2023-12-31$572.39M16.43%
2022-12-31$491.62M15.53%
2021-12-31$425.55M13.58%
2020-12-31$374.67M16.54%
2019-12-31$321.50M18.02%
2018-12-31$272.40M-

Vertex generated $748.44M in revenue during NA 2025, up 12.25% compared to the previous quarter, and up 199.76% compared to the same period a year ago.

Vertex Revenue by Quarter

DateRevenueChange
2025-09-30$192.11M4.09%
2025-06-30$184.56M4.23%
2025-03-31$177.06M-0.78%
2024-12-31$178.46M4.71%
2024-09-30$170.44M5.79%
2024-06-30$161.10M2.76%
2024-03-31$156.78M1.21%
2023-12-31$154.91M6.82%
2023-09-30$145.03M3.82%
2023-06-30$139.69M5.23%
2023-03-31$132.75M1.24%
2022-12-31$131.13M3.87%
2022-09-30$126.24M5.84%
2022-06-30$119.28M3.73%
2022-03-31$114.98M2.98%
2021-12-31$111.66M0.85%
2021-09-30$110.72M5.51%
2021-06-30$104.94M6.82%
2021-03-31$98.24M-1.31%
2020-12-31$99.54M5.22%
2020-09-30$94.61M3.65%
2020-06-30$91.27M2.27%
2020-03-31$89.25M3.69%
2019-12-31$86.07M4.41%
2019-09-30$82.44M5.19%
2019-06-30$78.38M5.04%
2019-03-31$74.61M-

Vertex generated $192.11M in revenue during Q3 2025, up 4.09% compared to the previous quarter, and up 119.25% compared to the same period a year ago.

Vertex Revenue Breakdown

Vertex Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 25Dec 24Dec 23Dec 22Dec 21
Cloud subscriptions$352.94M$276.04M$214.62M$168.90M$127.04M
Software subscriptions$639.65M$567.12M$480.83M$415.47M$358.42M
Software licenses$286.71M$291.08M$266.21M$246.58M$231.37M
Services$108.79M$99.65M$91.56M$76.15M$67.13M

Vertex's latest annual revenue breakdown by segment (product or service), as of Dec 25: Software subscriptions (46.08%), Cloud subscriptions (25.43%), Software licenses (20.65%), and Services (7.84%).

Quarterly Revenue by Product

Product/ServiceDec 25Sep 25Jun 25Mar 25Dec 24Sep 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Software subscriptions$166.22M$164.82M$157.84M$150.76M$289.04M$146.25M$131.83M$251.98M$117.84M$111.01M$110.89M$106.37M$101.09M$97.13M$93.25M-----
Software licenses$71.63M$72.84M$71.63M$70.61M$145.81M$75.27M$69.99M$136.78M$66.63M$62.81M$64.26M$62.59M$60.87M$58.86M$58.56M-----
Services$28.49M$27.29M$26.71M$26.30M$50.52M$24.18M$24.95M$47.96M$21.86M$21.74M$20.24M$19.87M$18.19M$17.85M$18.40M-----
Cloud subscriptions$94.59M$91.99M$86.21M$80.15M$143.23M$70.98M$61.84M$115.20M$51.21M$48.21M$46.63M$43.78M$40.22M$38.27M$34.69M-----
License And Service---------------$92.28M$89.60M$83.28M$83.92M$79.78M
Cloud Subscriptions---------------$33.34M$32.08M---
Software Licenses---------------$58.93M$57.52M---
Service Other---------------$18.44M$15.33M$14.96M$15.63M$14.83M

Vertex's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Software subscriptions (46.05%), Cloud subscriptions (26.21%), Software licenses (19.85%), and Services (7.89%).

Vertex Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
KCKingsoft Cloud$7.05B$1.78B
GBTGGlobal Business Travel Group$2.72B$674.00M
BLKBBlackbaud$1.13B$281.14M
YOUClear Secure$900.78M$229.19M
FRSHFreshworks$838.81M$204.68M
ASANAsana$790.81M$201.03M
VERXVertex$748.44M$192.11M
BRZEBraze$593.41M$190.84M
NCNOnCino$540.66M$152.16M
DAVEDave$511.91M$139.30M
INTAIntapp$504.12M$140.21M

VERX Revenue FAQ

What is Vertex’s yearly revenue?

Vertex's yearly revenue for 2025 was $748.44M, representing an increase of 12.25% compared to 2024. The company's yearly revenue for 2024 was $666.78M, representing an increase of 16.49% compared to 2023. VERX's yearly revenue for 2023 was $572.39M, representing an increase of 16.43% compared to 2022.

What is Vertex’s quarterly revenue?

Vertex's quarterly revenue for Q3 2025 was $192.11M, a 4.09% increase from the previous quarter (Q2 2025), and a 12.72% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $184.56M, a 4.23% increase from the previous quarter (Q1 2025), and a 14.56% increase year-over-year (Q2 2024). VERX's quarterly revenue for Q1 2025 was $177.06M, a -0.78% decrease from the previous quarter (Q4 2024), and a 12.94% increase year-over-year (Q1 2024).

What is Vertex’s revenue growth rate?

Vertex's revenue growth rate for the last 3 years (2023-2025) was 30.76%, and for the last 5 years (2021-2025) was 75.88%.

What are Vertex’s revenue streams?

Vertex's revenue streams in c 25 are Cloud subscriptions, Software subscriptions, Software licenses, and Services. Cloud subscriptions generated $352.94M in revenue, accounting 25.43% of the company's total revenue, up 27.86% year-over-year. Software subscriptions generated $639.65M in revenue, accounting 46.08% of the company's total revenue, up 12.79% year-over-year. Software licenses generated $286.71M in revenue, accounting 20.65% of the company's total revenue, down -1.50% year-over-year. Services generated $108.79M in revenue, accounting 7.84% of the company's total revenue, up 9.17% year-over-year.

What is Vertex’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Vertex was Software subscriptions. This segment made a revenue of $639.65M, representing 46.08% of the company's total revenue.