EarningsQ2 2026 Earnings Report
DE:56X Q2 2026 EPS Results
Actual EPS€0.18
Consensus EPS€0.17
Beat/MissBeat by +<€0.01
One Year Ago EPS€0.13
DE:56X Q2 2026 Revenue Results
Actual Revenue€181.91M
Expected Revenue€180.34M
Beat/MissBeat by +€1.57M
YoY Revenue Growth+10.52%
Earnings Announcement Details
QuarterQ2 2026
Date08/03/2026
TimeAfter Close
Conference CallMonday, August 3, 2026
DE:56X Upcoming Earnings
Vertex's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:56X Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted durable core business performance, robust margin and earnings leverage, clear progress on AI-driven productivity and strong early momentum in e-invoicing and strategic customer wins. Offsetting risks include slower cloud conversions and elongated sales cycles that constrained near-term expansion and cloud revenue timing, plus FCF affected by restructuring costs and AI commercial revenue not yet material. On balance the positives — solid revenue growth, strong adjusted EBITDA improvement, stable retention metrics, AI operational gains and stronger leadership — outweigh the challenges, while management provided realistic guidance and raised full‑year EBITDA.Company Guidance
Revenue Growth at High End of Guidance
Total revenue $204.0M, up 10.5% YoY and at the high end of quarterly guidance; subscription revenue +10.7% YoY and services revenue +9.4% YoY.
Strong Earnings Leverage and Margin Expansion
Adjusted EBITDA $51M, up 33% YoY; adjusted EBITDA margin expanded to 25% (more than +4 percentage points YoY). Non-GAAP gross margin increased ~15 bps YoY.
Recurring Revenue and Customer Durability
ARR grew 10.5% YoY; gross revenue retention 95% and net revenue retention 105% (stable for second consecutive quarter); average annual revenue per direct customer $142,997, +9.2% YoY.
Cloud Revenue and ARR Momentum
Cloud revenue +17.9% in the quarter (YTD cloud growth 19.3%); Cloud revenue full-year growth guide set to 18% with cloud a meaningful growth vector (including e-invoicing tailwinds).
E‑Invoicing Momentum and Enterprise Wins
E-invoicing growth materially above corporate rate with ramping ARR and revenue; won multiple 6-figure enterprise e-invoicing deals (including a mid-6-figure expansion tied to France and Finland) and new-logo e-invoicing activity ahead of country mandates.
AI-Driven Operational Productivity Gains
Active use of core AI tools increased to 89% from 68% in January (+21 percentage points); engineering efficiency improved ~34% and pull request merge rates +30% vs January baseline; AI-supported e-invoicing rule generation cut onboarding time ~50% and rule onboarding ~70% faster (≈3,500 rules across 50+ formats).
Sales & Customer Expansion Wins Across Ecosystems
Multiple mid-to-high 6-figure expansions and new-logo wins across SAP, Oracle and Microsoft ecosystems (mobility/delivery, CPG, QSR, telecom infrastructure, consulting, building products) demonstrating land-and-expand potential.
Capital Allocation and Guidance Improvements
Repurchased $26.5M of shares in Q2 ($56.6M total since Nov); narrowed FY revenue range to $825–$830M and increased FY adjusted EBITDA guidance to $206–$210M (raised vs. prior), Q3 revenue guide $208–$211M and adj. EBITDA $55–$57M.
Leadership Strengthening
Key executive hires to scale the company: Allison Cerra (CMO), Aneel Jaeel (COO), Chatelle Lynch (CPO), Bala Chandran (Chief Product & Technology Officer) to drive growth, ops discipline and product/AI strategy.
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