Vtex Class A ( (VTEX) ) has released its Q3 earnings. Here is a breakdown of the information Vtex Class A presented to its investors.
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VTEX is a global commerce platform provider that empowers brands and retailers with a comprehensive ecosystem of solutions, including B2C, B2B, Omnichannel, and Retail Media, to drive business growth and operational efficiency.
In the third quarter of 2025, VTEX reported significant growth in its financial metrics, showcasing its robust performance and strategic advancements. The company achieved a 13.1% year-over-year increase in Gross Merchandise Volume (GMV), reaching $5.0 billion, and a 6.5% rise in total revenue to $59.6 million.
Key highlights from VTEX’s financial performance include an 8.4% increase in subscription revenue, which constituted 98% of total revenues, and a notable 41% growth in non-GAAP net income, reaching $10.6 million. The company also reported a non-GAAP income from operations of $9.5 million, reflecting a 25% growth and a 16% margin.
VTEX continues to expand its global footprint, with significant customer acquisitions and expansions in the US, Europe, and Latin America. The company’s focus on AI-driven solutions and B2B capabilities is contributing to margin expansion and reinforcing its competitive position.
Looking ahead, VTEX remains confident in its growth trajectory, leveraging its scalable model and AI-driven strategy to navigate economic challenges. The company aims for continued subscription revenue growth and operational efficiency, positioning itself as a leader in the commerce platform industry.

