What are Vertex, Inc.'s profit margins?

Gross margin is 64.3% and operating margin is -1.1%, with a -7.3% net margin.

Where does Vertex, Inc.'s income statement data come from?

Every line is extracted from Vertex, Inc.'s SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Vertex, Inc. VERX Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Net interest income	$4.67M-21.7%	$5.25M+26.9%	$5.68M+466%	$7.37M+245%	$5.96M+224%
Total revenue	$768.03M+11.8%	$748.44M+12.2%	$732.19M+13.8%	$710.51M+15.0%	$687.06M+15.2%
Total cost of revenue	$274.55M+12.6%	$266.84M+10.9%	$259.56M+7.9%	$248.67M+4.7%	$243.73M+4.6%
Gross profit	$493.48M+11.3%	$481.6M+13.0%	$472.63M+17.4%	$461.84M+21.5%	$443.33M+22.0%
Gross margin	64.3%-0.3pp	64.3%+0.4pp	64.6%+2.0pp	65%+3.5pp	64.5%+3.6pp
Research and development	$87.38M+23.6%	$83.72M+25.6%	$80.98M+35.0%	$76.68M+25.4%	$70.71M+19.4%
Selling and marketing	$200.97M+12.8%	$196.49M+15.2%	$191.43M+19.5%	$186.15M+22.5%	$178.24M+22.9%
General and administrative	$188M+15.8%	$178.69M+16.9%	$172.95M+15.5%	$169.84M+18.2%	$162.32M+10.3%
Compensation and benefits	$55.23M+5.9%	$57.76M+21.8%	$57.22M+29.6%	$54.14M+29.5%	$52.15M+34.4%
Advertising	——	$23.14M-12.1%	$23.94M-8.8%	$24.74M-5.5%	$25.53M-2.1%
Depreciation and amortization	$101.72M+21.0%	$96.93M+17.2%	$92.08M+14.0%	$87.1M+10.2%	$84.05M+10.7%
Provision for credit losses	$3.26M+655%	$2.54M+809%	$349K+72.8%	-$223K-120%	-$588K-124%
Other operating expenses	85,680,500,000%+11,917,300,000%	82,983,800,000%+10,335,700,000%	77,892,100,000%+11,470,400,000%	76,755,300,000%+11,879,000,000%	73,763,200,000%+9,412,400,000%
Total operating expenses	$506.24M+15.2%	$479.27M+11.9%	$480.79M+22.0%	$469.43M+23.9%	$439.5M+17.7%
Operating income	——	——	-$8.16M-197%	-$7.59M-616%	$3.82M+138%
Other income (expense), net	——	——	——	$123K+102%	$118K+102%
Income before income taxes	——	——	——	——	——
Income tax expense	-$1.67M-103%	$368K-99.3%	$51.1M+317%	$50.19M+315%	$54.07M+339%
Net income	——	——	-$53.58M—	-$50.41M—	-$44.28M—
Change In Settlement Value Of Acquisition Related Liability	-$8.04M-410%	-$17M-197%	-$12.03M—	-$3.65M—	-$1.58M—
Share-based compensation expense related to employee stock plans	$53.74M+10.2%	$54.94M+22.6%	$53.57M+27.4%	$50.37M+27.1%	$48.75M+33.1%
Adjustments To Additional Paid In Capital Tax Impact On Capped Calls Transactions	——	——	——	——	——
Advertising costs	——	$23.14M-12.1%	$23.94M-8.8%	$24.74M-5.5%	$25.53M-2.1%
Pre-tax stock-based compensation cost	$55.23M+5.9%	$57.76M+21.8%	$57.22M+29.6%	$54.13M+29.5%	$52.15M+34.4%
Additions / (Releases)	-$4.34M-62.3%	-$5.37M-1,049%	$796K+2,374%	-$1.32M-138%	-$2.68M-128%
Amortization Expense Capitalized Cloud Computing Implementation Costs	$3.74M-7.7%	$3.77M-5.9%	$3.94M-1.9%	$4.07M+3.7%	$4.05M+13.6%
Amortization Of Financing Costs	$2.72M+6.0%	$2.72M+33.8%	$2.73M+91.9%	$2.73M+242%	$2.57M+636%
Amortization of capitalized software and acquired intangible assets	$2.27M-11.9%	$2.28M-15.8%	$2.33M-14.6%	$2.5M-4.6%	$2.58M-5.1%
Amortization Of Lease Assets	——	$74K-6.3%	$75.25K-70.6%	$76.5K-82.4%	$77.75K-87.3%
Business Combination Contingent Consideration Arrangements Change In Fair Value Of Contingent Consideration Liabilities	——	——	——	——	$1.03M—
Software amortization expense	$22.68M-4.3%	$22.59M-5.0%	$22.38M-5.7%	$22.99M+1.5%	$23.7M+13.7%
Capitalized Contract Cost Amortization	$25.69M+38.3%	$23.55M+34.6%	$21.86M+41.3%	$20.07M+37.6%	$18.58M+51.0%
Capitalized Contract Cost Impairment Loss	$0—	$0—	$0—	$0—	$0—
Capitalized Contract Cost Net Noncurrent Additions	$29.04M+17.0%	$27.98M+17.9%	$28.13M+34.5%	$25.95M+31.6%	$24.81M+40.3%
Capitalized Software Additions	$21.71M+1.5%	$21.72M+1.8%	$21.43M+0.9%	$20.81M-1.0%	$21.39M—
Capitalized Software Development Costs	——	——	——	——	——
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	——	——	——	——	——
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	——	——	-$34.24M—	-$22.37M—	-$49.3M—
Other	$811.53M+9.5%	$792.33M+10.3%	$766.82M+12.6%	$758.02M+18.3%	$740.96M+20.6%
Impact to revenue from performance obligations satisfied (or partially satisfied) in previous periods	——	$339.33M+17.0%	$327.03M+14.8%	$314.73M+12.6%	$302.44M+10.3%
Contract With Customer Revenue Recognized	$768.03M+11.8%	$748.44M+12.2%	$732.19M+13.8%	$710.51M+15.0%	$687.06M+15.2%
Federal	——	$3.42M+136%	$2.92M+188%	$2.43M+316%	$1.94M+1,170%
Foreign	——	$1.83M-17.1%	$1.92M-3.4%	$2.02M+13.5%	$2.11M+35.1%
Current State And Local Tax Expense Benefit	——	$2.71M+217%	$2.25M+118%	$1.78M+47.2%	$1.32M-5.1%
Debt Securities Available For Sale Accrued Interest	——	——	——	——	——
Total net securities (losses)	——	——	——	——	——
Debt Securities Available For Sale Sold	——	——	——	——	——
Deferred Allowance For Doubtful Accounts Receivable Period Increase Decrease	$7.6M+264%	$7.91M+2,855%	-$447K-289%	$1.09M+147%	$2.09M+129%
Federal	——	-$1.74M-104%	$9.28M-68.5%	$20.3M+22.6%	$31.32M+754%
Deferred Foreign Income Tax Expense Benefit	——	-$5.49M-314%	-$4.45M-303%	-$3.41M-286%	-$2.37M-257%
Deferred taxes	-$2.66M-105%	-$5.4M-111%	$56.65M+658%	$59.13M—	$52.73M—
Deferred Income Tax Expense Benefit Excluding Exchange Differences	——	-$7.59M-115%	$6.84M-80.3%	$21.27M+9.3%	$35.7M+767%
State	——	-$359K-104%	$2.01M-68.8%	$4.38M+15.8%	$6.74M+505%
Effect of exchange rate changes on cash, cash equivalents and restricted cash	——	——	——	$3.08M+793%	$647K+278%
Effective tax rates	$2.28-91.9%	$0.7-97.8%	$28.81+603%	$28.62+669%	$28.28+954%
Income taxes at U.S. statutory rate of 21%	84%0.0%	84%0.0%	84%0.0%	84%0.0%	84%0.0%
Effective Income Tax Rate Reconciliation Changes In Unrecognized Tax Benefits Percentage	——	——	——	——	——
Effective Income Tax Rate Reconciliation Changes In Unrecognized Tax Benefits Amount	——	$172K+75.5%	$153.5K-17.6%	$135K-50.8%	$116.5K-67.9%
Effect of cross-border tax laws	——	-$131K-671%	-$102.5K-44.9%	-$74K+40.6%	-$45.5K+74.5%
Effect of cross-border tax laws	——	——	——	——	——
Effective Income Tax Rate Reconciliation Nondeductible Expense Transaction Costs	——	——	——	——	——
Other	——	$0.05-65.5%	$0.07-30.9%	$0.1+42.5%	$0.12+303%
Effective Income Tax Rate Reconciliation Nondeductible Compensation	——	——	——	——	——
State income taxes – net of federal income tax benefit	——	——	——	——	——
Effective Income Tax Rate Reconciliation Tax Credits Research	——	——	——	——	——
Effective Income Tax Reconciliation Nondeductible Compensation	——	$5.35M+63.7%	$4.83M+59.4%	$4.31M+54.4%	$3.79M+48.5%
Share-Based Payment Arrangement, Expense, Tax Benefit	——	$23.38M-30.7%	$25.97M-11.8%	$28.56M+13.6%	$31.15M+49.5%
Income tax benefit realized from option exercises	——	$8.86M-65.0%	$12.97M-41.7%	$17.08M-11.0%	$21.19M+31.3%
Fair Market Value Of Common Stock	——	——	——	——	——
Finance Lease Principal Payments	$84K+6.3%	$76K-18.3%	$73K-24.0%	$70K-44.9%	$79K-30.1%
Finance Lease Right Of Use Asset Amortization	$73K-3.9%	$74K-6.3%	$73K-15.1%	$74K-46.0%	$76K-78.5%
Capitalized cloud computing arrangement implementation costs, amortization expense	$3.77M-6.2%	$3.74M-6.7%	$3.91M-2.6%	$4.04M+2.9%	$4.02M—
Income Loss From Continuing Operations Before Income Taxes Domestic	——	$30.74M+235%	$25.35M+316%	$19.96M+560%	$14.57M+28,661%
Income Loss From Continuing Operations Before Income Taxes Foreign	——	-$23.16M-219%	-$19.19M-90.3%	-$15.21M-17.9%	-$11.24M+28.5%
Income Tax Benefit Recognized Income Tax Accumulated Comprehensive Loss	——	$70K+89.2%	$61.75K+79.0%	$53.5K+67.2%	$45.25K+53.4%
Federal taxes	——	-$345K-108%	$821K-79.5%	$1.99M-46.0%	$3.15M-6.3%
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	——	$1.59M+297%	$1.29M+254%	$996K+148%	$698.5K+121%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount	——	$369K+35.7%	$344.75K+38.0%	$320.5K+40.9%	$296.25K+44.3%
Income Tax Reconciliation Nondeductible Expense Transaction Costs	——	$8K-97.8%	$95.25K—	$182.5K—	$269.75K—
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	——	$1.78M-81.9%	$3.8M-48.0%	$5.81M+22.0%	$7.82M+252%
Effective Income Tax Rate Reconciliation, Tax Credit, Research, Amount	——	$4.51M-8.4%	$4.61M-10.4%	$4.71M-12.2%	$4.82M-13.9%
Accounts payable	——	——	——	——	$1.49M-74.5%
Increase (Decrease) in Accounts Receivable	$1.26M-91.5%	$12.88M-41.7%	$1.85M+264%	$19.49M+488%	$14.78M-63.0%
Increase Decrease In Accounts Receivable Net Foreign Exchange Revaluation	$6.66M-65.3%	$19.01M-16.2%	$1.59M+79.1%	$23.58M+364%	$19.19M-37.0%
Accrued liabilities	——	——	——	——	——
Increase Decrease In Capitalized Contract Cost Net Non Current	$3.34M-46.4%	$4.43M-29.1%	$6.27M+15.2%	$5.88M+14.4%	$6.23M+15.9%
Increase (decrease) in contract liabilities and current deferred income	——	——	——	——	$54.2M—
Increase Decrease In Customer Funds Obligations	-$15.45M—	-$5.6M—	-$859K—	——	——
Increase Decrease In Deferred Compensation	——	——	——	-$11.87M-224%	-$3.04M-156%
Increase (decrease) in other current liabilities	$4.25M+51.4%	$3.26M+14.0%	$3.26M+17.7%	$2.92M-16.6%	$2.81M+0.6%
Increase (decrease) in all other liabilities	-$5.34M-35.4%	-$4.32M-8.1%	-$4.33M-2.8%	-$3.98M+13.3%	-$3.94M+2.4%
Increase Decrease In Other Operating Capital	——	——	$3M—	——	——
Increase (Decrease) in Prepaid Expense and Other Assets	——	——	$18.45M+7.8%	$28.58M+398%	$20.04M+101%
Increase Decrease In Settlement Value Of Deferred Purchase Commitment Liability	——	——	——	——	——
Interest Income (Expense), Operating	$4.67M-21.7%	$5.25M+26.9%	$5.68M+466%	$7.37M+245%	$5.96M+224%
Investment Securities Purchased Percentage To Total Securities	——	——	——	——	——
Legal Fees	$10.59M+336%	$10.28M—	$8.09M—	$5.31M—	$2.43M—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	-$65.95M-129%	-$33.28M-114%	-$16.49M-108%	-$14.4M-107%	$224.88M+961%
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	-$158.18M-1.1%	-$123.75M+21.8%	-$116.46M+24.0%	-$169.58M-104%	-$156.46M-119%
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	$188.71M+21.7%	$165.54M+0.4%	$164.41M-4.0%	$143.34M-9.0%	$155.06M+62.5%
Number Of Banks	——	40.0%	40.0%	40.0%	40.0%
Number of operating segments	——	——	——	——	——
Number Of Preferred Stock Shares Purchased	——	——	——	——	——
Number of reportable segments	1.8—	1—	——	——	——
Net unrealized debt securities gains (losses), net of tax	——	——	——	——	——
Foreign currency translation	$23.57M+568%	$45.13M+287%	$19.37M+111%	$28.04M+650%	-$5.03M-336%
Unrealized gains (losses) on available-for-sale securities	——	——	——	——	——
Other comprehensive income/(loss)	$23.57M+570%	$45.12M+287%	$19.34M+110%	$28.04M+652%	-$5.01M-335%
Other Depreciation and Amortization	$25.37M+16.3%	$24.81M+18.4%	$23.96M+24.6%	$22.8M+28.1%	$21.83M+32.5%
Other Noncash Income (Expense)	——	——	——	$123K+102%	$118K+102%
Other Nonrecurring Income Expense	$12.56M—	$12.57M—	——	——	——
Payment for Contingent Consideration Liability, Financing Activities	——	——	——	——	——
Payments for Repurchase of Common Stock	$27.61M—	$10.09M—	——	——	——
Payment, Tax Withholding, Share-Based Payment Arrangement	$11.06M-61.5%	$28.95M+34.6%	$28.7M+40.1%	$29.3M+21.9%	$28.69M+20.1%
Payments to Acquire Debt Securities, Available-for-Sale	——	——	——	——	$14.12M-17.5%
Payments to Acquire Long-Term Investments	——	——	——	——	——
Payments to Acquire Productive Assets	——	——	——	——	——
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale	——	——	——	——	$23.52M+17.9%
Cash received from option exercises	$6.64M-18.2%	$7.71M-8.9%	$11.48M+78.4%	$12.87M+119%	$8.12M+67.0%
Property And Equipment Additions	$99.5M+36.8%	$96.24M+46.3%	$87.59M+42.6%	$78.93M+38.1%	$72.71M—
Net additions (releases) charged to costs and expenses	$3.26M+655%	$2.54M+809%	$349K+72.8%	-$223K-120%	-$588K-124%
Other Nonoperating Expense	$3.44M—	$2.7M—	$171K—	-$388K—	——
Revenue From Contract With Customer Excluding Assessed Tax	$768.03M+11.8%	$748.44M+12.2%	$732.19M+13.8%	$710.51M+15.0%	$687.06M+15.2%
Stock-based compensation	$55.23M+5.9%	$57.76M+21.8%	$57.22M+29.6%	$54.14M+29.5%	$52.15M+34.4%
Expected volatility	——	——	——	——	——
Risk-free rate	——	——	——	——	——
Acquisition of Marathon Oil	——	——	——	——	——
Stock Issued During Period Shares Treasury Stock Reissued	——	——	——	——	——
Stock Issued During Period Value Acquisitions	——	——	——	——	——
Shares Issued, Value, Share-Based Payment Arrangement, after Forfeiture	——	——	-$28.55M-106%	-$28.83M-111%	-$28.34M-96.6%
Stock Issued During Period Value Stock Options Net Exercised	$6.49M-19.5%	$7.56M+426%	$11.33M+584%	$12.69M+440%	$8.06M+247%
Cancellation of treasury shares (in shares)	——	——	——	——	——
Treasury stock, value, acquired	$27.62M—	$10.09M—	——	——	——
Change in fair value of interest rate swap	$0—	$0—	——	——	——
Foreign currency effect	——	$26K—	——	——	——
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions	——	$387K+6.9%	$380.75K+17.1%	$374.5K+29.8%	$368.25K+46.3%
Additions for tax positions of prior years	——	$177K-56.0%	$233.25K-43.7%	$289.5K-32.1%	$345.75K-21.2%
Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations	——	$1K-66.7%	$1.5K—	$2K—	$2.5K—
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	——	$15.35M-76.9%	$28.1M-45.2%	$40.85M+13.0%	$53.6M+155%
Valuation Allowance Deferred Tax Asset Decrease In Amount	——	$541K-73.4%	$914K—	$1.29M—	$1.66M—
Valuation Allowance Deferred Tax Asset Increase In Amount	——	$15.89M-76.8%	$29.01M-44.4%	$42.13M+17.0%	$55.26M+179%
EBIT	——	——	-$8.16M-197%	-$7.59M-616%	$3.82M+138%
EBITDA	——	——	$83.92M-5.8%	$79.51M-1.2%	$87.87M+33.6%

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Questions, answered.

What are Vertex, Inc.'s profit margins?: Gross margin is 64.3% and operating margin is -1.1%, with a -7.3% net margin.
Where does Vertex, Inc.'s income statement data come from?: Every line is extracted from Vertex, Inc.'s SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.