NASDAQ$VERX

Vertex Inc · Q2 2026 earnings

Q2 2026 earnings · · Before market open · Investor relations

Briefing

Vertex Inc reported Q2 2026 results with total revenue of $204.0 million, up 10.5% year-over-year.

Vertex Inc. (VERX) delivered solid second-quarter 2026 financial results, with total revenues reaching $204.0 million and software subscription revenues at $174.8 million. The company achieved non-GAAP diluted EPS of $0.20 and adjusted EBITDA of $51.0 million at a 25.0% margin, reflecting improved operating leverage. ARR grew 10.5% to $703.4 million, supported by stable customer retention metrics.

  • Total revenue grew 10.5% YoY to $204.0 million, with cloud revenue up 17.9% to $101.7 million.
  • Non-GAAP diluted EPS of $0.20 and adjusted EBITDA margin expanded to 25.0% from 20.8% YoY.
  • ARR increased 10.5% to $703.4 million; NRR at 105% and GRR at 95%.
  • Company raised full-year 2026 revenue guidance to $825-830 million and adjusted EBITDA to $206-210 million.

Headline financials

Total Revenue

$204M

Previous: $185M+10.5%
EPS (adj)

$0.20

Previous: -$0.01+2100.0%
Annual Recurring Revenue

$703M

Previous: $637M+10.5%
Net Revenue Retention

105.0%

Previous: 108.0%-2.8%
Gross Revenue Retention

95.0%

Previous: 95.0%+0.0%
Avg Annual Revenue per Customer

$143K

Previous: $131K+9.2%
Adjusted EBITDA

$51M

Previous: $38.4M+32.9%
Adjusted EBITDA Margin

25.0%

Previous: 20.8%+20.2%
Net Income

$9M

Previous: -$961K+1036.5%
Operating Income

-$4.4M

Previous: -$3.9M-12.8%

Revenue & EPS history

Vertex · Revenue · Quarterly

$204M

Q2 2026+10.5%vs Q2 2025
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Vertex · $277M total across 2 segments · Q2 2026

  • Software Subscriptions
    $175M
  • Cloud
    $102M

Forward guidance

For Q3 2026, expects revenues of $208-211 million and adjusted EBITDA of $55-57 million. Full-year 2026 guidance raised to revenues $825-830 million, cloud growth 18%, and adjusted EBITDA $206-210 million.

Tailwinds

  • Narrowed revenue guidance range while raising adjusted EBITDA outlook.
  • Strong operating discipline and earnings leverage demonstrated.
  • AI-First strategy progressing with improved workflows.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+0.5%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+4.2%

Avg return

30 days after

50%

12 / 24 earnings

Positive

+32.1%

Q4 2023

Best reaction

-20.9%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026-5.2%+6.8%+3.9%
Q4 2025-13.8%-14.3%-10.6%
Q3 2025-8.5%-14.8%-13.6%
Q2 2025-18.0%-24.4%-27.3%
Q1 2025-3.1%-3.3%+6.1%
Q4 2024-19.0%-24.4%-16.6%
Q3 2024+17.4%+12.8%+28.8%
Q2 2024-1.4%-1.5%-2.5%
Q1 2024+1.3%+5.1%+13.7%
Q4 2023+32.1%+17.9%+25.0%
Q3 2023+21.3%+23.7%+27.6%
Q2 2023+8.2%+9.9%+23.1%
Q1 2023-5.9%-7.0%+8.7%
Q4 2022+20.2%+21.2%+48.4%
Q3 2022+11.3%+3.1%-7.0%
Q2 2022+10.1%+10.4%+13.6%
Q1 2022-19.7%-5.5%-13.2%
Q4 2021+1.1%-5.6%+16.0%
Q3 2021+1.4%+1.1%-14.2%
Q2 2021-0.2%+3.0%+1.7%
Q1 2021+13.5%+20.4%+16.7%
Q4 2020-20.9%-16.6%-34.3%
Q3 2020-10.2%-8.8%-1.2%
Q2 2020+0.7%-2.0%+8.4%
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro