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Vtex Class A (VTEX)
NYSE:VTEX
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.03Last Year’s EPS
<0.01Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balanced clear operational and profitability progress (GMV growth, margin expansion, AI-driven productivity, strong cash generation, and strategic initiatives in global expansion, B2B and retail media) against near-term top-line challenges (elongated sales cycles, softer same-store sales, regional weakness in Brazil/Argentina, and modest subscription growth). Management emphasized that growth headwinds are largely cyclical and detailed a plan to reaccelerate by reallocating efficiency gains into R&D and prioritizing four growth levers, while providing cautious but improved profitability guidance for 2026.Company Guidance
Strong GMV Growth
Fourth-quarter GMV reached $6.3 billion, up 17.2% year-over-year in USD and 10.0% FX-neutral; full-year GMV was $20.5 billion, up 12.1% in USD and 12.9% FX-neutral.
Subscription Revenue Growth and Scale
Subscription revenue was $66.7 million in Q4 (up 12.2% YoY in USD and 5.4% FX-neutral); full-year subscription revenue was $234.9 million, up 7.9% in USD and 9.5% FX-neutral.
Improved Margins and Record Profitability
Subscription gross margin rose to 81.8% in Q4 (from 78.8% prior-year), total gross margin increased to 79.6% (from 75.0% prior-year), and operating margin in Q4 was 23.8% (up from 19.9% YoY); existing-stores operating margin reached 44% for the year (up 1 percentage point).
AI-Driven Productivity Gains
AI-powered automation (support automation) delivered roughly a 3 percentage-point expansion in subscription gross margin in 2025 and drove cost efficiencies that management expects are sustainable and reinvestible into R&D.
Cash Generation, Balance Sheet Strength and Buyback
Free cash flow in Q4 was $11.1 million (16.3% margin; >19% adj. excluding one-off severance), year-end cash balance ~ $200 million, and the company announced a $50 million 12-month share repurchase program.
Healthy Sales ROI and Enterprise Customer Expansion
LTV/CAC reached approximately 4x in 2025; customers generating over $250,000 ARR reached 158 (cohort revenue from this group rose 14.5% FX-neutral).
Global Markets and Product Momentum
Global markets delivered 22% subscription revenue growth in 2025 (global markets represented 11.1% of total revenue) and are approaching breakeven contribution margins; B2B, retail media and AI initiatives represented ~15% of subscription revenue in Q4 and accounted for ~20% FX-neutral subscription growth within that mix.
Retail Media Proof Points
Retail media moved from pilot to a core growth engine in 2025: example client Essity showed a 39% increase in average conversion rate and multi‑month acceleration in sales, demonstrating margin-accretive, closed-loop attribution capabilities.
Strategic Reorganization and R&D Reallocation
December reorganization centralized global sales & marketing, reduced complexity (~100 headcount impacted) and redirected productivity gains into R&D to accelerate AI, B2B and retail media product development.
Forward Profitability Guidance
2026 targets: mid- to high-single-digit FX-neutral subscription revenue growth (full year), gross profit growing high-single-digit to low-teens, non-GAAP income from operations in the low-20s% margin and free cash flow in the low-20s% margin, implying continued focus on profitable growth.
VTEX 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
VTEX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $3.07 | $3.43 | +11.73% |
Nov 06, 2025 | $4.32 | $3.92 | -9.26% |
Jul 31, 2025 | $5.97 | $5.79 | -3.02% |
May 06, 2025 | $5.50 | $5.85 | +6.36% |
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 Vtex Class A (VTEX) report earnings?
Vtex Class A (VTEX) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is Vtex Class A (VTEX) earnings time?
Vtex Class A (VTEX) earnings time is at May 12, 2026, After Close (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 VTEX EPS forecast?
VTEX EPS forecast for the fiscal quarter 2026 (Q1) is 0.03.