Vertex Q3 revenue beats analyst expectations, raises FY26 revenue outlook

Vertex

04/11/2026 21:14

Overview
US tax compliance software firm's Q3 revenue rose 11% yr/yr, beating analyst expectations
Adjusted EPS for Q3 was $0.26
Company raised full-year revenue and adjusted EBITDA outlook

Outlook
Vertex raises full-year 2026 revenue outlook to $828.9 mln-$830.9 mln
Company now expects full-year 2026 adjusted EBITDA of $217.9 mln-$219.9 mln
Vertex forecasts Q4 2026 revenue of $215 mln-$217 mln and adjusted EBITDA of $58 mln-$60 mln

Result Drivers
CLOUD REVENUE GROWTH - Co said continued momentum in e-invoicing contributed to accelerating annual recurring revenue and cloud revenue growth
AI INVESTMENTS - Co said investments in AI are improving operations and creating new opportunities to extend value to customers
OPERATING DISCIPLINE - Co said a more efficient operating model and operating discipline are driving sustainable profitability improvements and greater cash generation

Company press release: ID:nGNXbSVtS6

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$213.28 mln
$209.30 mln (13 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 8 "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 $16.00, about 4.8% above its November 3 closing price of $15.26
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

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Nov 3 - Freshworks Q3 adjusted profit beats estimates on upmarket momentum
Nov 4 - Customer experience software maker NICE slightly beats Q3 revenue on AI growth, raises FY outlook

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(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.)