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Vertex (DE:56X)
STUTTGART:56X
Earnings Data
Report Date
May 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.14Last Year’s EPS
0.13Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a constructive and forward-looking tone: Vertex reported solid double-digit full-year revenue growth, strong cloud momentum, positive retention (NRR 105%), profitable operations (adjusted EBITDA and margins stable), meaningful AI and e-invoicing early traction, and a strong balance sheet. Headwinds included lower true-up revenue that mechanically reduced reported growth, slightly higher attrition concentrated in smaller accounts, weaker Q4 collections impacting free cash flow, and higher operating investments (R&D, S&M) to support AI and Ecosio integration. Management outlined clear plans to address controllable attrition, accelerate AI/product-led upsell, and pursue e-invoicing and SAP migration opportunities. Overall, the positives (growth, profitability, product traction, balance sheet) outweigh the near-term headwinds.Company Guidance
Quarterly and Full-Year Revenue Growth
Q4 revenue of $194.7M, up 9.1% YoY and in line with guidance; full-year revenue $748.4M, up 12.2% YoY.
Subscription and Cloud Momentum
Q4 subscription revenue $166.2M (+8.9% YoY); full-year subscription $639.7M (+12.8% YoY). Cloud revenue Q4 $94.6M (+23% YoY) and full-year cloud $352.9M (+27.9% YoY).
Recurring Revenue and Retention
ARR $671M (+11.3% YoY). Net revenue retention (NRR) was 105% and gross revenue retention (GRR) was 94% (within target 94-96%).
Adjusted EBITDA and Margins
Q4 adjusted EBITDA $42.5M (+11.6% YoY) and full-year adjusted EBITDA $161.5M (+6.3% YoY). Adjusted EBITDA margins ~21.8% (Q4) and 21.6% (FY). Both were ~$0.5M above the high end of guidance.
Strong Customer-Level Metrics and New Logos
Average annual revenue per customer $137,867 (+12.4% YoY). New logo revenue grew ~20% in 2025; several large new wins including a European healthcare provider (well into seven figures) and multiple mid- to high-six-figure deals tied to SAP S/4HANA migrations.
AI and Product Innovation Traction
Significant 2025 investments in AI: launch and early traction of Smart Categorization (multiple marquee six-figure retail wins), expanded Vertex CoPilot, and partnerships (Kintsugi and cpa.com) to drive SMB and partner-led AI offerings.
E-invoicing Early Success and Upsell
First full year in e-invoicing showed strong traction; e-invoicing cross-sell increased ARR with example customers by over 20% on average. Multiple multi-country e-invoicing deals won (new logos mid- to high-five-figure ARR starts).
Healthy Balance Sheet and Share Buyback Activity
Ended Q4 with >$314M unrestricted cash, $300M unused availability on credit facility. Repurchased ~$10M of stock at ~$20/share; ~$140M remaining repurchase authorization.
Guidance Reflects Expected Acceleration
2026 guidance: revenue $823.5M–$831.5M (implied ~10–11% growth), cloud revenue growth ~25%, and adjusted EBITDA $188M–$192M (margin ~23% at midpoint).
DE:56X Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:56X Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | €12.50 | €13.20 | +5.60% |
Nov 03, 2025 | €19.50 | €19.60 | +0.51% |
Aug 06, 2025 | €28.40 | €28.40 | 0.00% |
May 07, 2025 | €34.00 | €32.60 | -4.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Vertex (DE:56X) report earnings?
Vertex (DE:56X) is schdueled to report earning on May 13, 2026, Before Open (Confirmed).
What is Vertex (DE:56X) earnings time?
Vertex (DE:56X) earnings time is at May 13, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Vertex stock?
The P/E ratio of Vertex is N/A.
What is DE:56X EPS forecast?
DE:56X EPS forecast for the fiscal quarter 2026 (Q1) is 0.14.
