Earnings Releases·Nov 4, 2026, 4:05 PM ET

Vertex — Third Quarter 2026 Earnings Summary

Total revenues rose 11.0% year-over-year to $213.3 million, driven by a 20.4% increase in cloud revenues to $110.8 million and a 10.2% rise in software subscription revenues to $181.7 million.
Management raised full-year 2026 guidance for revenues to $828.9–$830.9 million and Adjusted EBITDA to $217.9–$219.9 million, citing strong year-to-date performance and momentum in e-invoicing.
Non-GAAP financials showed robust growth with Adjusted EBITDA increasing to $64.8 million (30.4% margin) and Non-GAAP net income reaching $42.9 million, contrasting with a GAAP net loss of $(46.6) million.
Strategic capital allocation included $73.7 million in share repurchases over the first nine months and $10.0 million in additional cash consideration for the Finta Inc. acquisition, alongside $3.3 million in Value Creation Plan severance costs.
Customer base expanded to 5,515 total accounts (up from 5,372), with Net Revenue Retention at 106% and Average Annual Revenue per direct customer increasing to $145,793.