Vertex Announces Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 revenue $213.3 million, up 11.0% year-over-year
- ➤Cloud revenue $110.8 million, up 20.4% year-over-year
- ➤ARR $724.3 million, up 11.7% year-over-year
- ➤Non-GAAP diluted EPS $0.26; Adjusted EBITDA $64.8 million
- ➤Vertex raised full-year 2026 revenue and Adjusted EBITDA outlook
Expert Statements
Christopher Young, President and Chief Executive Officer of Vertex
“The third quarter was a strong quarter for Vertex and, more importantly, clear evidence that we are delivering on our commitments to investors.”
Christopher Young, President and Chief Executive Officer of Vertex
“We have stabilized the core business, strengthened our financial profile, and built a more efficient operating model, while seeing encouraging improvement in key growth indicators.”
Christopher Young, President and Chief Executive Officer of Vertex
“This progress gives us a stronger foundation from which to grow.”
Christopher Young, President and Chief Executive Officer of Vertex
“We now have greater capacity to invest where we see opportunity, while maintaining the operating discipline that is driving sustainable profitability improvements and greater cash generation.”
Christopher Young, President and Chief Executive Officer of Vertex
“Continued momentum in e-invoicing contributed to accelerating ARR and cloud revenue growth, while our investments in AI are improving how we operate today and creating new opportunities to extend the value we deliver to customers.”
Christopher Young, President and Chief Executive Officer of Vertex
“Together, these initiatives give us increasing confidence in our ability to build on the growth momentum we saw this quarter.”
John Schwab, Chief Financial Officer of Vertex
“Our third quarter results reflect continued progress against the priorities we established earlier this year, with solid revenue growth and a strengthened financial profile.”
John Schwab, Chief Financial Officer of Vertex
“Based on our year-to-date performance, we are raising our full-year revenue and Adjusted EBITDA outlook, while continuing to invest selectively in the opportunities we believe can support durable growth over the long term.”
KING OF PRUSSIA, Pa., Nov. 04, 2026 (GLOBE NEWSWIRE) -- Vertex, Inc. (NASDAQ: VERX) (“Vertex” or the “Company”), the Decision-to-Defense™ global indirect tax and compliance company, today announced financial results for its third quarter ended September 30, 2026.
“The third quarter was a strong quarter for Vertex and, more importantly, clear evidence that we are delivering on our commitments to investors,” said Christopher Young, President and Chief Executive Officer. “We have stabilized the core business, strengthened our financial profile, and built a more efficient operating model, while seeing encouraging improvement in key growth indicators.”
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