CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 75-95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Vertex Q3 revenue beats analyst expectations, raises FY26 revenue outlook

By Reuters News


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:


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


Reuters Recommended Reads

  • Nov 3 - Varonis Q3 revenue rises 17%, beats analyst expectations

  • 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


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.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.