Superworth

Vertex profit margin VERX

Gross, operating and net profit as a share of revenue over the last twelve months, from 2019.

Net margin, 12 months
0.5%
Operating margin, 12 months
−1.7%
Net margin on a year earlier
+7.5 pts
Peer median
10.6%

Over the twelve months to Jun 30, 2026, Vertex kept 0.5% of its revenue as net profit, with an operating margin of −1.7% and a gross margin of 64.0%.

Five years earlier its net margin was −4.5%.

The median for 10 infrastructure software stocks of a similar size is 10.6%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY20251.0%0.3%64.3%
FY2024−7.9%−0.3%63.9%
FY2023−2.3%−3.1%60.9%
FY2022−2.5%−1.6%60.7%
FY2021−0.3%−0.7%62.0%
FY2020−21.1%−28.0%55.9%
FY20199.7%9.9%65.7%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY260.5%+7.5 pts−1.7%
Q1 FY26−0.8%+5.6 pts−1.7%
Q4 FY251.0%+8.9 pts0.3%
Q3 FY25−7.3%−12.0 pts−1.1%
Q2 FY25−7.1%−10.3 pts−1.1%
Q1 FY25−6.4%−7.7 pts0.6%
Q4 FY24−7.9%−5.6 pts−0.3%
Q3 FY244.7%+10.9 pts1.3%
Q2 FY243.2%+9.1 pts0.2%
Q1 FY241.3%+7.2 pts−1.7%
Q4 FY23−2.3%+0.2 pts−3.1%
Q3 FY23−6.1%−4.5 pts−3.4%

Against its peers

Companies in Software - Infrastructure nearest Vertex's size, closest first, today.

CompanyProfit margin
VERXVertex0.5%
BLKBBlackbaud13.1%
NCNOnCino5.4%
NTCTNetscout Systems13.7%
BLBlackline4.7%
ALRMAlarm.com11.1%
MQMarqeta1.5%
KDKyndryl0.6%
SPSCSPS Commerce10.1%
AGYSAgilysys13.0%
AVPTAvePoint15.3%
Peer median10.6%

Where Vertex ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Vertex

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.