Vertex (VERX)
Automates indirect-tax determination, e-invoicing, returns, and reporting for global enterprises.
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Sells cloud and on-premise software for indirect-tax determination, e-invoicing, returns, document management, and analytics, alongside implementation and managed services. Most revenue comes from recurring subscriptions and U.S. customers, while delivery depends on continuously updated rules, enterprise-application integrations, and government e-invoicing infrastructure.
Automates transaction-based compliance through tax determination, e-invoicing and digital reporting, returns, document management, and analytics. O Series and cloud deployments calculate sales and use tax, VAT, GST, communications tax, payroll tax, and other charges in real time. Implementation, training, and managed services support deployment and filing.
Combines a proprietary database of tax rates and rules with prebuilt connections to ERP, billing, procurement, point-of-sale, and e-commerce systems. Taxamo covers cross-border digital commerce; ecosio and Brinta extend e-invoicing and compliance coverage in Europe and Latin America. Most revenue comes from software subscriptions and U.S. customers, while delivery depends on continually updated rules, enterprise-system integrations, and government e-invoicing infrastructure.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 4, 2026 | DA Davidson | Reiterate | Rating: —Target: $15 | Target: $12 |
| Aug 4, 2026 | Stephens | Target | Target: $30 | Target: $18 |
| Aug 4, 2026 | Robert W. Baird | Target | Target: $25 | Target: $17 |
| Jul 21, 2026 | Morgan Stanley | Downgrade | Target: $19 | Target: $15 |
| Jun 29, 2026 | Cowen & Co. | Initiate | Rating: — |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $230.5M · Total debt $349.9M · Total assets $1.21B · Shareholders' equity $241.1M
- Revenue
- $204.0M
- Operating income
- −$4.4M
- Net income
- $9.0M
No dividends on record.
| Institutions | 92.95% | 150.78M shares | |
|---|---|---|---|
| 235 holders · as of Jun 30, 2026 | |||
| Insiders | 43.04% | 69.81M shares | |
| 12 holders · as of Jun 12, 2026 | |||
| Strategic holders | 0.55% | 900.0K shares | |
| 2 holders · as of May 22, 2025 | |||
| Adds to | 136.54% | ||
162.22M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 136.54%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Amanda Westphal Radcliffe1Insiderdirector, 10 percent owner | 21.28% | 159,030 A · 838,000 B | filed Feb 12, 2021 |
Amanda RadcliffeInsider | 20.51% | 33.27M | filed Aug 13, 2025 |
BlackRock, Inc.Institution | 7.69% | 6.24M A · 6.24M A | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.14% | 4.98M A · 4.98M A | as of Jun 30, 2026 |
Morgan StanleyInstitution | 5.09% | 4.13M A · 4.13M A | as of Jun 30, 2026 |
- The filed share classes (A, B) could not be matched to the company's, so no percentage.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 28, 2026 | David DeStefano | director | −6,460 | $12.75 |
| Mar 9, 2026 | ITEM SECOND IRR. TRUST FBO KYLE R. WESTPHAL u/a of JEFFREY R. WESTPHAL dated October 5, 2001 | 10 percent owner | +10,000 | $15.05 |
| Feb 23, 2026 | Christopher David Young | director, officer: President and CEO | +60,000 | $12.18 |
| Feb 20, 2026 | Eric C. Andersen | director | +40,000 | $12.91 |
| Feb 13, 2026 | Jeffrey Westphal | other: See Remarks | +247,740 | $13.08 |
- Thomson Reuters
Enterprise indirect tax and global e-invoicing through ONESOURCE and Pagero.
- SAP (ADR)
Global ERP leader with embedded indirect tax and e-invoicing in S/4HANA
- Oracle
ERP platform with native embedded indirect tax across Fusion, EBS, and NetSuite
- Intuit
SMB and mid-market accounting platform with embedded US sales tax compliance.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Vertex | $11.77 | −0.17% | $1.91B | 385.3 | 12.7 | 2.4 | +10.5% |
| Thomson Reuters | $97.56 | +1.99% | $41.76B | 25.6 | 20.6 | 5.3 | +7.0% |
| SAP (ADR) | $211.85 | +0.56% | $245.49B | 27.1 | 23.3 | 5.6 | +5.8% |
| Oracle | $145.80 | −2.23% | $429.54B | 23.4 | 17.1 | 6.0 | +29.6% |
| Intuit | $287.83 | −1.55% | $79.97B | 17.7 | 12.3 | 3.7 | +13.7% |
| Median | 24.5 | 18.9 | 5.5 | +10.3% |