Filing Flows › Vertex (VERX) › How it makes money
How Vertex (VERX) makes money
Vertex (VERX) made $213M of revenue in the third quarter 2026 (Q3 2026), +11% from a year earlier. Software subscriptions brought in $182M (85%); Services brought in $31.6M (15%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Software subscriptions | $182M | 85.2% | +4% | +10% |
| ↳ Cloud subscriptions | $111M | 52.0% | +9% | +20% |
| ↳ Software licenses | $70.8M | 33.2% | -3% | -3% |
| Services | $31.6M | 14.8% | +8% | +16% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $213M | 100.0% |
| Income tax | $47.3M | 22.2% |
| Operating cash flow | $53.3M | 25.0% |
| Free cash flow | $25.2M | 11.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $213M | +11% |
| Q2 2026 | $204M | +10% |
| Q1 2026 | $197M | +11% |
| Q4 2025 | $195M | +9% |
| Q3 2025 | $192M | +13% |
| Q2 2025 | $185M | +15% |
| Q1 2025 | $177M | +13% |
From Vertex's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Vertex make money?
Vertex (VERX) made $213M of revenue in the third quarter 2026 (Q3 2026), +11% from a year earlier. Software subscriptions brought in $182M (85%); Services brought in $31.6M (15%).
What is Vertex's biggest business?
Software subscriptions: $182M in the third quarter 2026, 85% of revenue, +10% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.