Vertex (VERX) revenue breakdown
By product, Cloud subscriptions is the largest at 47% of fiscal 2025 revenue, growing 37% a year over 6 years.
Revenue by product
Fiscal years, as Vertex reports them in its 10-K filings; fiscal 2025 total $748M.
| Products | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|
| Cloud subscriptions | — | $53M | $87M | $127M | $169M | $215M | $276M | $353M | 47% |
| Software licenses | — | $223M | $230M | $231M | $247M | $266M | $291M | $287M | 38% |
| Services | $37M | $46M | $58M | $67M | $76M | $92M | $100M | $109M | 15% |
| Software subscriptions | $236M | — | — | — | — | — | — | — | — |
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Where does Vertex make its money?
In fiscal 2025, by product: Cloud subscriptions $353M, Software licenses $287M, Services $109M.
From Vertex's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.