Vertex Valuation Multiples

Vertex Overview

About Vertex

Vertex Inc is a provider of tax technology and services. Its software, content, and services help customers stay in compliance with indirect taxes that occur in taxing jurisdictions all over the world. It provides cloud-based and on-premise solutions to specific industries for every line of tax, including income, sales, consumer use, value-added, and payroll. The company offers solutions such as tax determination, Tax Data Management, document management, and compliance and reporting, among others. The company derives revenue from software subscriptions.

Founded

1978

HQ

Employees

2.1K

Website

vertexinc.com

Sectors

Financial Management SoftwareB2B SaaSHorizontal SaaSFinTech

Financials (LTM)

Revenue: $772M

EBITDA: $170M

EV

$2B

Valuation Multiples

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Vertex Financials

Vertex reported last 12-month revenue of $772M and EBITDA of $170M.

In the same LTM period, Vertex generated $607M in gross profit, $170M in EBITDA, and $112M in net income.

Vertex P&L

In the most recent fiscal year, Vertex reported revenue of $748M and EBITDA of $162M.

Vertex expects next 12-month revenue of XXX and NTM EBITDA of XXX

Vertex Stock Performance

Vertex has current market cap of $2B, and enterprise value of $2B.

Vertex's stock price is $12.35.

Vertex Valuation Multiples

Vertex trades at 2.6x EV/Revenue multiple, and 11.8x EV/EBITDA.

Vertex Financial Valuation Multiples

As of April 19, 2026, Vertex has market cap of $2B and EV of $2B.

Equity research analysts estimate Vertex's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Vertex has a P/E ratio of 17.7x.

Vertex Margins & Growth Rates

Vertex's revenue in the last 12 month grew by 11%.

Vertex's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.

Vertex's rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Vertex's rule of X is 49% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Vertex Public Comps

See public comps and valuation multiples for other Financial Management Software comps.

Vertex M&A Activity

Vertex acquired XXX companies to date.

Last acquisition by Vertex was on XXXXXXXX, XXXXX. Vertex acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Vertex Investment Activity

Vertex invested in XXX companies to date.

Vertex made its latest investment on XXXXXXXX, XXXXX. Vertex invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).