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+1.29%
Close of 9 Nov 2026, in USD
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About Vertex
From its filings with the US Securities and Exchange Commission
Vertex is based in King Of Prussia, Pennsylvania and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker VERX. The SEC classifies its business as prepackaged software. In the fiscal year to 31 December 2025, it reported revenue of $748.4m and net income of $7.2m. At that date it held total assets of $1.27bn and shareholders' equity of $258.9m.
Vertex is a leading provider of enterprise compliance technology for global commerce. Our software, data, and services help businesses operate with confidence by automating and governing transaction-based compliance obligations that arise wherever they buy, sell, and move goods and services around the world.
At the core of global commerce are transaction-based regulatory requirements that must be calculated, documented, reported, and, in many cases, digitally transmitted to tax authorities in real time. Indirect taxes—such as sales tax, use tax, and value-added tax (“VAT”)—represent a significant portion of these obligations. Unlike direct taxes, which are paid directly by the entity being taxed, indirect taxes are collected from a purchaser and remitted to taxing authorities by the seller or service provider as part of each transaction.
These obligations are inherently complex and pervasive. In the United States alone, indirect tax rules vary across more than 20,000 unique taxing jurisdictions, each with its own rates, rules, and reporting requirements. Globally, the complexity is compounded by continuously changing regulations, increasing enforcement, and the growing adoption of digital and real-time compliance mandates. For companies operating across multiple jurisdictions, compliance is not an isolated, periodic activity—it is a requirement embedded in virtually every sale or purchase transaction they execute each day.
Quoted from its 10-K, filed 24 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Information Technology
- Industry
- Software
- Listed since
- 29 Jul 2020
- Employees
- 2,100
- Website
- vertexinc.com ↗
- Head office
- 2301 RENAISSANCE BOULEVARD, KING OF PRUSSIA, PA, 19406
- Incorporated in
- DE
- Classification
- Services-Prepackaged Software
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. David DestefanoChairman of the Board, President, Chief Executive Officer, since 2020$8.4m
- Mr. John SchwabChief Financial Officer$3.3m
- Mr. Bryan RowlandSenior Vice President, General Counsel$981,714
- Mr. Eric AndersenLead Independent Director$278,871
- Mr. Bradley GaytonIndependent Director$265,522
- Ms. Amanda RadcliffeIndependent Director$248,017
- Mr. Philip SaundersIndependent Director$263,663
- Mr. J. Richard StammIndependent Director$267,642
- Ms. Stefanie ThompsonIndependent Director$246,163
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 54
- Environment
- 30
- Social
- 76
- Governance
- 57
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Vertex Inc possesses several key strengths that contribute to its success in the market. One of its major strengths is its strong brand reputation, built over years of delivering high-quality tax software solutions to businesses and tax professionals. Vertex Inc's extensive experience and expertise in tax technology allow it to offer innovative and reliable solutions tailored to meet the complex and evolving tax compliance needs of its clients. Additionally, the company benefits from a wide network of strategic partnerships, enabling it to expand its reach and provide comprehensive tax compliance services globally.
Weaknesses
- While Vertex Inc enjoys a strong market position, it faces certain weaknesses that require attention. One challenge is the high level of competition in the tax software industry. Other companies offering similar products and services may pose a threat to Vertex Inc's market share and growth potential. Furthermore, as the industry evolves rapidly, maintaining cutting-edge technology and continuously adapting to changing tax regulations can be a potential weakness if not adequately addressed.
Opportunities
- Vertex Inc can capitalize on various opportunities to further enhance its market position. One significant opportunity lies in the global expansion of tax regulations and compliance requirements. As businesses expand internationally, the demand for comprehensive tax software solutions increases, providing Vertex Inc with the chance to tap into new markets and target a wider customer base. Moreover, the growing emphasis on automation and digitization presents opportunities for the company to develop advanced technology solutions that streamline tax compliance processes and improve efficiency for its clients.
Threats
- Vertex Inc faces certain threats that could impact its business operations and growth. One of the main threats is the potential changes in tax legislation and regulations, which can have a significant impact on the demand for tax software solutions. Adapting to and staying ahead of constantly changing regulations requires continuous investment in research and development. Additionally, increasing cybersecurity risks pose a threat to the company's data integrity and customer trust. Proactive measures to strengthen cybersecurity infrastructure are necessary to mitigate these risks effectively.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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