What Vertex does

Vertex, Inc. (NASDAQ: VERX) is a U.S.-headquartered, publicly traded enterprise tax technology company founded approximately 45 years ago and operating in King of Prussia, Pennsylvania. The company provides indirect tax compliance software — encompassing real-time tax determination, e-invoicing, returns preparation, exemption certificate management, and compliance reporting — to over 4,500 enterprise customers across 195 countries, 20,000+ jurisdictions, and 20,000+ tax jurisdictions, with a stated 60% of Fortune 500/1000 as customers. Its core proprietary asset is the Vertex O Series tax engine, which processes 1 billion+ tax rules in real time and is delivered via the cloud-native Vertex Cloud platform.

The platform is organized around a platform-plus-modules architecture: the Vertex O Series engine and Vertex Cloud core, extended by compliance modules (e-Invoicing, VAT Compliance, Express Returns, Indirect Tax Returns, Certificate Center, Validator, Invoice IQ, Payroll Tax), ERP-specific accelerators (Accelerator+ for SAP, Accelerator for Oracle Cloud ERP, PLUS Tools for SAP, Configuration Agent for Microsoft Dynamics 365), industry-specific variants (Retail, Communications, Leasing, Hospitality, Oil & Gas, Medical, Brazil), and a growing portfolio of embedded AI agents (Configuration, Product Mapping, Text-to-Tax, ERP & Workflow Agents) plus Vertex Copilot. Vertex monetizes primarily through multi-year enterprise SaaS subscriptions bundled with maintenance and content updates, supplemented by professional services, transaction-based fees, and outsourced compliance services. Distribution is hybrid: direct enterprise field sales targeting Fortune 500/1000 multinationals, complemented by deep strategic technology partnerships with SAP, Oracle, Microsoft, Workday, NetSuite, Shopify, and Adobe Commerce, marketplace listings on each major platform, and an implementation partner channel led by Ryan, KPMG, and CPA.com.

In FY2025 Vertex reported revenue of $748.4 million (12.2% YoY growth) with ARR of $671 million (up 11.3% YoY), and Q1 2026 revenue of $196.6 million (up 11.1% YoY). Under recently appointed CEO Christopher Young (October 2025), the company has executed four acquisitions in 24 months (Ryan AI capabilities June 2024, ecosio August 2024, NITIS SAS March 2026, Brinta March 2026), launched an AI-first product strategy, and initiated a ~9% workforce reduction targeting $60-70 million in annualized cash savings by 2027 alongside a $150 million inaugural share repurchase program.

Name

Vertex

Legal name

Vertex, Inc.

Website

https://vertexinc.com

Company type

Public

Founded year

1979

Operating status

Operating

Headcount range

1–10 employees

Short description

Vertex Inc. (NASDAQ: VERX) provides enterprise indirect tax compliance software — tax determination, e-invoicing, returns, and reporting — to over 4,500 enterprise customers including 60% of Fortune 500/1000 across 195 countries and 20,000+ jurisdictions.

Ownership category

akta.pro rank

Product category

Tax Technology Software

NAICS

Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Other Accounting Services (541219)

SIC

Services-Computer Programming Services (7371), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Revenue Systems, E-Filing & Digital Tax Administration (BPAIADAO)

akta.pro secondary industry

Payroll Tax Filing, Compliance & Regulatory Reporting (BPAAAHAB)

Keywords

• Indirect tax software
• Tax compliance platform
• Global tax determination
• E-invoicing solutions
• VAT and GST automation

Headquarters

HQ city

King Of Prussia

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Software subscriptions: Recurring SaaS subscriptions for Vertex Cloud platform and O Series on-premise solutions; primary revenue driver with multi-year enterprise contracts
2. Professional services: Implementation, integration, configuration, and consulting services supporting enterprise deployments and tax engine setup
3. Maintenance and support: Ongoing technical support, content updates for tax rules, and platform maintenance fees bundled with subscription contracts
4. Transaction-based fees: Usage- or transaction-based components tied to volume of tax determinations, e-invoices processed, or compliance filings

Pricing tiers

Go-to-market motion5 records

Distribution channels6 records

Marketing channels8 records

Core offering

Vertex Inc. is a tax technology company that provides an enterprise platform for global indirect tax compliance. Its core offerings include the Vertex Cloud platform and the proprietary Vertex O Series Tax Engine, which deliver real-time tax determination, e-invoicing, compliance reporting, and trusted tax data across 195+ countries and 20,000+ jurisdictions. The platform integrates natively with major ERP and commerce systems (SAP, Oracle, Microsoft, Workday, NetSuite, Shopify, Adobe Commerce) and embeds AI agents for configuration, product mapping, and text-to-tax rule creation to serve large multinational enterprises managing complex multi-jurisdiction tax obligations.

Product overview

Vertex Inc. (NASDAQ: VERX) operates a platform-plus-modules architecture centered on the Vertex Cloud platform, which serves as the connected foundation for global enterprise tax compliance. The core engine is Vertex O Series, providing real-time tax determination across 195+ countries and 20,000+ jurisdictions, supported by 1B+ governed tax rules. The platform is extended through compliance modules (Vertex e-Invoicing, Vertex VAT Compliance, Vertex Indirect Tax Returns - North America, Vertex Express Returns, Vertex Certificate Center, Vertex Validator, Vertex Invoice IQ), ERP integration accelerators (Vertex Accelerator+ for SAP ERP, Vertex Accelerator for Oracle Cloud ERP, Vertex PLUS Tools for SAP ERP, Vertex Configuration Agent for Microsoft Dynamics 365), industry-specific variants (Vertex O Series for Retail, Communications, Leasing, Hospitality, Oil & Gas, Medical, Brazil), e-commerce modules (Vertex for Marketplaces, Vertex for e-Commerce/Vertex Advantage, Systax DFE for Brazil), data and analytics tools (Vertex Indirect Tax Intelligence, Vertex Data Integrity), outsourced services (Sales & Use Tax Compliance Service, VAT Compliance Service, Certificate Service), and an emerging portfolio of embedded AI agents (Configuration Agent, Product Mapping Agent, Text-to-Tax Agent, ERP & Workflow Agents) powered by Vertex Copilot. The platform integrates natively with SAP, Oracle, Microsoft Dynamics 365, Workday, NetSuite, Shopify, and Adobe Commerce, and includes acquired assets such as Taxamo (for e-commerce/marketplaces), ecosio (B2B integration, acquired 2024), and Brinta (AI-native Latin America e-invoicing, acquired 2026), plus AI capabilities acquired from Ryan, LLC in 2024.

Differentiator

Problem solved

Functional benefit

Brands

• Vertex O Series: Industry-leading global tax determination engine (Vertex O Series Tax Engine) for real-time indirect tax calculation across 195+ countries and 20,000+ jurisdictions, including Vertex O Series Edge, Vertex O Series for Brazil, Communications, Leasing, Hospitality, Oil & Gas, Medical, and Retail verticals.
• Vertex Cloud
• Vertex e-Invoicing
• Vertex TaxCompliance
• Vertex TaxInsight
• Vertex Certificate Center
• Vertex Validator
• Vertex Invoice IQ
• Vertex Accelerator+
• Taxamo
• Systax
• Vertex Copilot
• Vertex PLUS Tools

Products and services

• Vertex Cloud Connected platform for global tax compliance that automates tax determination, e-invoicing, and compliance reporting across 20,000+ jurisdictions with a single governed source of tax data. Embeds AI capabilities across the compliance lifecycle. Designed for global enterprise tax and finance teams.
• Vertex O Series Industry-leading global tax determination engine providing real-time indirect tax calculation across 195+ countries and 20,000+ jurisdictions. Supports both on-premise and cloud deployment with 800+ million data-driven tax rules. For large enterprises with complex multi-jurisdiction tax needs.
• Vertex e-Invoicing Cloud-based e-invoicing solution covering global continuous transaction controls (CTC) and Peppol mandates with continuous compliance updates across 20+ countries including Austria, Belgium, France, Germany, India, Italy, Mexico, Saudi Arabia, Spain, and others. For enterprises operating across multiple e-invoicing mandate jurisdictions.
• Vertex Certificate Center Real-time exemption certificate management system integrated with Vertex tax engine to improve tax accuracy and reduce audit risk for U.S. sales tax compliance.
• Vertex Express Returns Auto-generated sales tax returns solution that integrates with O Series Cloud calc engine for seamless end-to-end sales tax compliance.
• Vertex VAT Compliance Automates VAT/GST filing covering ECSLs, Intrastat, Ledgers, and SAF-T to improve compliance and audit performance for global VAT/GST filers.
• Vertex Validator API-based global VAT ID verification solution that automates business tax ID validation via API for B2B transactions and VAT compliance.
• Vertex Invoice IQ API-based invoicing solution that supports localization for language, FX, and audit needs, issuing tax-compliant invoices in 60+ countries.
• Vertex Payroll Tax Tax jurisdiction assignment and payroll tax calculation for HCM systems. Sole payroll tax partner for Oracle HCM Cloud.
• Vertex Indirect Tax Returns - North America Produces signature-ready returns and automates the U.S. sales and use tax (SUT) compliance process including EDI, environmental, and B&O taxes.
• Vertex Accelerator+ for SAP ERP Automates indirect tax in SAP ERPs with tools for VAT, tax codes, mapping, and reporting, simplifying global tax management for SAP environments.
• Vertex Accelerator for Oracle Cloud ERP Powerful UI that streamlines manual steps and provides nearly push-button setup of the Vertex tax engine for Oracle Cloud ERP.
• Vertex PLUS Tools for SAP ERP Suite of SAP tax integration tools including Flux Monitor, Diagnostax, TestSuite, and VENDORecon that enhance Vertex tax engine SAP determination process.
• Systax DFE Automates the receipt, validation, and management of accounts payable e-invoices in Brazil, serving as a Brazil-specific e-invoicing compliance solution under Brazilian Digital Fiscal (DFE) requirements.
• Vertex for Marketplaces Marketplace tax solution designed to help sellers stay compliant within their existing marketplace platform while accelerating growth.
• Vertex for e-Commerce (Vertex Advantage) Automates processes throughout the online sales journey for B2C and B2B e-commerce, including tax calculation and compliance.
• Vertex Sales & Use Tax Compliance Service Outsourced service for monthly returns, filing, and remittance to save time on sales and use tax compliance.
• Vertex VAT Compliance Service (Vertex Advantage Plus) Outsourced global VAT and GST registration, returns, and remittance service designed to focus tax staff on higher-value work.
• Vertex Copilot AI-powered conversational assistant embedded in the Vertex Cloud platform that surfaces insights and helps tax teams apply compliance decisions within governed workflows.
• Vertex O Series for Retail Tax automation enabling omnichannel retailers to accelerate growth across channels with industry-specific tax content.
• Vertex O Series for Communications Stays compliant with the latest taxes, surcharges, and fees for communications services with industry-specific tax content.
• Vertex O Series for Hospitality Automated tax determination software built specifically for the lodging industry with hospitality-specific tax content.
• Vertex O Series for Medical Automates and streamlines tax determination on global medical equipment, devices, and supplies.
• Vertex O Series for Oil & Gas Manages the complexities of U.S. oil and gas sales tax determination for upstream, midstream, and downstream segments.
• Vertex O Series for Leasing Manages the complex taxation on lease and rental transactions with confidence through automated tax determination.
• Vertex O Series for Brazil Robust, automated tax determination for complex indirect tax requirements including Brazil Tax Reform.
• Vertex O Series Edge Edge computing deployment of Vertex O Series enabling tax calculation at the point of transaction for improved performance.
• Vertex Indirect Tax Intelligence Data-driven insights tool (Vertex TaxInsight) to improve tax compliance and drive business decision-making through tax data analytics and predictive analytics.
• Taxamo Assure Tax compliance product for physical goods and marketplace operations, integrated within the Vertex Taxamo product family following Vertex's acquisition of Taxamo.
• Smart Categorization AI-powered product that secured first paying customers in Q4 2025, providing intelligent product classification for tax purposes as part of Vertex's AI product expansion strategy.

Quantifiable outcome

• 4,500+ enterprise customers served globally
• +4 more outcomes

Named customers15 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

AI capability11 records

Feature6 records

Partnerships

Ten partnerships are on record, tiered flagship and core.

• SAPflagshipStrategic or Co-development PartnerDeep strategic alliance spanning certified integrations with SAP ERP and S/4HANA, marketplace listing in the SAP Store, Pinnacle Award finalist status, and co-marketing initiatives with SAP at major events. Vertex's O Series is a long-established certified tax engine within SAP environments.
• OracleflagshipStrategic or Co-development PartnerStrategic partnership including Oracle Cloud Marketplace listing, certified integration with Oracle ERP and NetSuite, multi-time Oracle Partner Awards, and co-selling motions.
• MicrosoftflagshipStrategic or Co-development PartnerMicrosoft AppSource listing and certified integrations with Dynamics 365 and Microsoft ERP stacks, supporting enterprise joint customers with indirect tax compliance.
• WorkdaycoreStrategic or Co-development PartnerWorkday Marketplace listing, certified integration with Workday Financials, Workday Partner Awards, and co-marketing initiatives.
• NetSuitecoreTechnology or IntegrationCertified integration of Vertex tax solutions with NetSuite ERP for mid-market and enterprise cloud ERP customers.
• ShopifycoreTechnology or IntegrationShopify App Store listing enabling Vertex-powered tax determination for Shopify merchants, especially relevant for direct-to-consumer brands.
• Adobe CommercecoreTechnology or IntegrationIntegration with Adobe Commerce (Magento) to deliver tax calculation for enterprise e-commerce implementations.
• CPA.comcoreGTM or Marketing PartnerGo-to-market partnership with CPA.com to extend Vertex solutions into the CPA and accounting channel.
• RyancoreImplementation/ SI/ Consulting PartnerTax consulting and implementation partnership with Ryan, a leading global tax services firm, to deploy Vertex for enterprise customers.
• KPMGcoreImplementation/ SI/ Consulting PartnerBig Four consulting partnership referenced in the AI in Tax report, supporting enterprise tax transformation engagements using Vertex technology.

Scale indicators7 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Avalara: Avalara is a direct competitor focused on sales-and-use tax determination, VAT/GST, and e-invoicing for businesses of all sizes. It competes head-to-head with Vertex Cloud and Taxamo, particularly at the mid-market and e-commerce tiers.
• Sovos: Sovos is a direct competitor in global indirect tax compliance, e-invoicing, and tax determination software, offering a tax engine and compliance platform aimed at multinational enterprises — overlapping directly with Vertex O Series and Vertex e-Invoicing.
• Thomson Reuters ONESOURCE: ONESOURCE is a direct competitor in corporate tax and indirect tax determination software for large multinationals, offering tax determination, compliance, and reporting modules that overlap heavily with Vertex Cloud and O Series.
• Wolters Kluwer (CCH SureTax / CCH Integrator): Wolters Kluwer provides tax compliance and indirect-tax software (CCH SureTax, CCH Integrator) targeting multinational enterprises and accounting firms, competing with Vertex O Series and Vertex VAT Compliance modules.

Emerging players

• Kintsugi: Kintsugi is an AI-driven sales-tax compliance platform for digital and SaaS businesses, jointly powering the Vertex/CPA.com sales-tax solution for accounting firms — overlapping with Vertex's emerging AI-product roadmap.
• Stripe Tax (TaxJar): Stripe Tax (incorporating the acquired TaxJar) provides developer-first sales tax and VAT determination primarily for digital and e-commerce businesses, competing with Taxamo and Vertex for e-commerce/marketplace tax workloads.

Broad incumbents

• Oracle (Tax / SuiteTax): Oracle is a flagship Vertex partner while also offering native tax capabilities (including SuiteTax in NetSuite) that compete with Vertex for indirect-tax workloads inside Oracle Cloud ERP and NetSuite customer bases.
• Workday (Tax): Workday provides native payroll and tax functionality inside Workday Financials/HCM alongside Vertex's certified Workday integration, creating both partnership and partial substitution risk within joint customers.
• SAP (native tax / localization): SAP is both Vertex's largest channel partner and a competitive incumbent via its native tax and localization capabilities within S/4HANA and ECC. As an incumbent ERP vendor with bundled tax functions, SAP can erode Vertex's footprint inside its own ecosystem.

Regional players

• Intuit (QuickBooks/ProConnect tax): Intuit provides tax compliance and calculation inside its SMB-focused QuickBooks and ProConnect ecosystems, primarily serving US SMBs and accounting firms — adjacent to Vertex's CPA.com/Kintsugi channel but not directly competing in the enterprise tier.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/vertexinc
• YouTubeyoutube.com/channel/UCHyguFCWZD92yD5htIOTqJQ
• Facebookfacebook.com/vertexinc1
• LinkedInlinkedin.com/company/vertex-inc.
• Instagraminstagram.com/lifeatvertex

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries6 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vertex