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VTEX (VTEX) Revenue & Revenue Breakdown

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VTEX Revenue Highlights

Latest Revenue (Y)

$201.52M

Latest Revenue (Q)

$52.65M

Main Segment (Y)

Subscription Cost

VTEX Revenue by Period

VTEX Revenue by Year

DateRevenueChange
2023-12-31$201.52M27.85%
2022-12-31$157.62M25.32%
2021-12-31$125.77M27.46%
2020-12-31$98.68M60.90%
2019-12-31$61.33M-

VTEX generated $201.52M in revenue during NA 2023, up 27.85% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

VTEX Revenue by Quarter

DateRevenueChange
2024-03-31$52.65M-13.30%
2023-12-31$60.72M19.94%
2023-09-30$50.63M5.73%
2023-06-30$47.89M13.25%
2023-03-31$42.28M-7.04%
2022-12-31$45.48M17.37%
2022-09-30$38.75M0.10%
2022-06-30$38.71M11.67%
2022-03-31$34.67M-6.60%
2021-12-31$37.12M16.48%
2021-09-30$31.86M3.22%
2021-06-30$30.87M19.07%
2021-03-31$25.92M-10.94%
2020-12-31$29.11M5.26%
2020-09-30$27.65M9.40%
2020-06-30$25.27M51.87%
2020-03-31$16.64M-

VTEX generated $52.65M in revenue during Q1 2024, up -13.30% compared to the previous quarter, and up 115.75% compared to the same period a year ago.

VTEX Revenue Breakdown

VTEX Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21
Subscription revenue$190.30M$148.47M$118.47M
Services Revenue$11.21M$9.14M$7.31M
Subscription Cost$208.78M$148.47M$118.47M
Services Cost$11.76M$9.14M$7.31M

VTEX's latest annual revenue breakdown by segment (product or service), as of Dec 23: Subscription Cost (49.47%), Subscription revenue (45.09%), Services Cost (2.79%), and Services Revenue (2.66%).

VTEX Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
PYCRPaycor HCM$654.95M$167.48M
ETWOE2open Parent$634.55M$151.16M
VERXVertex$572.39M$170.44M
AMPLAmplitude$276.28M$75.22M
WALDWaldencast$218.14M$68.30M
VTEXVTEX$201.52M$52.65M
ENFNEnfusion$174.53M$51.17M
ONTFON24$163.71M$37.35M
EXFYExpensify$150.69M$35.41M
LAWCS Disco$138.09M$36.27M
FRGEForge Global$69.82M$19.22M
WFCFWhere Food Comes From$25.14M$6.39M
TROOTROOPS$3.57M$867.50K

VTEX Revenue FAQ

What is VTEX’s yearly revenue?

VTEX's yearly revenue for 2023 was $201.52M, representing an increase of 27.85% compared to 2022. The company's yearly revenue for 2022 was $157.62M, representing an increase of 25.32% compared to 2021. VTEX's yearly revenue for 2021 was $125.77M, representing an increase of 27.46% compared to 2020.

What is VTEX’s quarterly revenue?

VTEX's quarterly revenue for Q1 2024 was $52.65M, a -13.30% decrease from the previous quarter (Q4 2023), and a 24.52% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $60.72M, a 19.94% increase from the previous quarter (Q3 2023), and a 33.50% increase year-over-year (Q4 2022). VTEX's quarterly revenue for Q3 2023 was $50.63M, a 5.73% increase from the previous quarter (Q2 2023), and a 30.64% increase year-over-year (Q3 2022).

What is VTEX’s revenue growth rate?

VTEX's revenue growth rate for the last 3 years (2021-2023) was 60.22%, and for the last 5 years (2019-2023) was 228.59%.

What are VTEX’s revenue streams?

VTEX's revenue streams in c 23 are Subscription revenue, Services Revenue, Subscription Cost, and Services Cost. Subscription revenue generated $190.3M in revenue, accounting 45.09% of the company's total revenue, up 28.17% year-over-year. Services Revenue generated $11.22M in revenue, accounting 2.66% of the company's total revenue, up 22.64% year-over-year. Subscription Cost generated $208.78M in revenue, accounting 49.47% of the company's total revenue, up 40.61% year-over-year. Services Cost generated $11.76M in revenue, accounting 2.79% of the company's total revenue, up 28.62% year-over-year.

What is VTEX’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of VTEX was Subscription Cost. This segment made a revenue of $208.78M, representing 49.47% of the company's total revenue.