Vertex Q1 revenue rises 11%, slightly beats analyst expectations

Vertex

07/05/2026 12:19

Overview

US tax technology provider's Q1 revenue grew 11% yr/yr, slightly beating analyst expectations

Adjusted EPS for Q1 met analyst expectations

Company acquired Brinta, an AI-first e-invoicing startup in Latin America

Outlook

Vertex expects Q2 revenue of $200 mln to $204 mln

Company sees full-year 2026 revenue of $823.5 mln to $831.5 mln

Vertex raises full-year adjusted EBITDA guidance to $202 mln to $208 mln

Result Drivers

CUSTOMER STABILITY - Co said Q1 results benefited from stable customer demand and retention despite a mixed macro environment

SOLID EXECUTION - Management cited solid execution across the business as supporting Q1 performance

STRATEGIC ACQUISITION - Acquisition of Brinta expected to expedite country coverage in Latin America and enhance AI capabilities

Company press release: ID:nGNX37SP91

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$196.65 mln
$194.83 mln (13 Analysts)
Q1 Adjusted EPS
Meet
$0.17
$0.17 (14 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Vertex Inc is $18.50, about 46.1% above its May 6 closing price of $12.66

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 25 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)