VTEX slightly beats Q4 revenue expectations

Vtex

26/02/2026 21:23

Overview

Connected commerce platform's Q4 revenue slightly beat analyst expectations

Subscription revenue grew 12.2% yr/yr in Q4

Company announced $50 mln share buyback program

Outlook

VTEX expects Q1 2026 subscription revenue to grow mid-single digit FX-neutral YoY

Company targets full-year 2026 subscription revenue growth mid-to-high single digit FX-neutral

VTEX anticipates Q1 2026 non-GAAP income from operations mid-teens percentage margin

Result Drivers

GLOBAL EXPANSION - Subscription revenue growth in US and Europe markets was 21.6%, driven by enterprise traction and B2B adoption

ENTERPRISE CUSTOMER GROWTH - Increase in US$250k+ ARR customers to 158, validating enterprise strategy

AI-DRIVEN PLATFORM - AI-first approach improved customer outcomes and operating efficiency

Company press release: ID:nBw4YD6LCa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
$68 mln
$67.97 mln (6 Analysts)
Q4 Adjusted Free Cash Flow
$11.10 mln
Q4 Adjusted Income from Operations
$16.20 mln
Q4 GMV
$6.30 bln


*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 7 "strong buy" or "buy", 3 "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 VTEX is $6.40, about 116.2% above its February 25 closing price of $2.96

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 27 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.)