Filing Flows › Vertex (VERX) › Q2 2026 › vs Q1 2026
Vertex (VERX) Q2 2026 vs Q1 2026 (quarter over quarter)
Vertex's revenue rose $7.3M (+4%) from $197M in Q1 2026 to $204M in Q2 2026. The biggest changes: Software subscriptions +$7.6M (+5%); Services −$283K (-1%).
Vertex, Q2 2026: revenue $204M (+10% year over year), operating margin -2.2%, net earnings $9.0M, operating cash flow $30.9M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Cloud subscriptions | $102M | $96.8M | $4.9M | +5% |
| Software licenses | $73.1M | $70.4M | $2.7M | +4% |
| Software subscriptions | $175M | $167M | $7.6M | +5% |
| Services | $29.2M | $29.5M | −$283K | -1% |
| Revenue | $204M | $197M | $7.3M | +4% |
| Income tax benefit | $13.1M | $7.1M | $6.0M | +84% |
| Costs & expenses | $217M | $207M | $10.2M | +5% |
| Operating costs | $208M | $207M | $1.2M | +0.6% |
| Net earnings | $9.0M | −$2.5M | $11.6M | — |
| Cost of revenue | $72.7M | $71.8M | $893K | +1% |
| Research & development | $24.8M | $24.6M | $255K | +1% |
| Sales & marketing | $51.9M | $52.6M | −$736K | -1% |
| General & admin | $51.1M | $54.3M | −$3.2M | -6% |
| Other operating costs | $7.9M | $4.0M | $3.9M | +100% |
| Operating cash sources | $51.9M | $43.1M | $8.9M | +21% |
| Depreciation & amortization | $29.1M | $27.1M | $2.1M | +8% |
| Share-based compensation | $13.8M | $18.5M | −$4.7M | -26% |
| Working capital & other | $21.0M | $5.1M | $16.0M | +314% |
| Operating cash flow | $30.9M | $38.0M | −$7.1M | -19% |
Questions
How much did Vertex's revenue grow quarter over quarter in Q2 2026?
Vertex's revenue rose $7.3M (+4%) from $197M in Q1 2026 to $204M in Q2 2026.
What drove Vertex's revenue change in Q2 2026?
Software subscriptions +$7.6M (+5%); Services −$283K (-1%).