VTEX (VTEX): Q3 revenue rose 6.3% to $63.4M; GMV up 12.0% to $5.5B
Q3 revenue $63.4M, up 6.3% in US$ but down 0.4% FX-neutral; 9M GMV up 15.5% to $16.3B, gross margin 80.0%.
What this filing says
VTEX reported a 6-K with its condensed interim financials and MD&A for the third quarter of 2026. Revenue grew in US dollars, but on a constant-currency basis the increase was roughly flat, which is worth keeping in mind for a holder. Gross profit margin improved over the nine months, which the filing attributes mainly to AI-powered automation in customer support.
Key figures
- Q3 total revenue
- US$63.4 million
- Q3 GMV
- US$5.5 billion
- Nine-month gross profit
- US$150.7 million
- Nine-month gross margin
- 80.0%
- Subscription share of revenue (Q3)
- 98.7%
Positive for shareholders
- Gross profit grew 13.9% over the nine months, with margin rising to 80.0% from 76.7%.
- Gross merchandise value grew 12.0% in US dollars for the quarter, lifting transaction-based fees.
- Operations expanded beyond Brazil, which the filing cites as a driver of growth.
Negative for shareholders
- Quarterly revenue growth was only about flat (down 0.4%) on a constant-currency basis.
- Nine-month revenue growth was just 0.5% on a constant-currency basis.
- Services revenue as a share of total revenue fell, and the filing gives no reason beyond the percentages.
Written by Quantisnow AI from this filing. Not financial advice.
Key terms
- GMV:
- Gross merchandise value, the total value of orders processed through the platform, including taxes and shipping.
- Take rate:
- The percentage of processed order value that the company keeps as its fee.
- FX neutral basis:
- A comparison that strips out the effect of currency exchange rate changes.
FAQ
How fast did VTEX's revenue grow in the third quarter of 2026?
Total revenue was US$63.4 million, up 6.3% in US dollars from US$59.6 million, but down 0.4% on an FX neutral basis.
What drove VTEX's gross margin improvement?
The filing says gross margin rose to 80.0% mainly due to efficiencies from AI-powered automation in customer support, and to a smaller extent a higher mix of subscription revenue.
Historical context for VTEX
Across the 17 sessions after earlier VTEX headlines, the stock closed higher 6 times and lower 10 times, with a median move of 3.1% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | VTEX | SPY |
|---|---|---|---|
| Oct 22, 2026 | VTEX to Announce Third Quarter 2026 Financial Results on November 5th, 2026 | +0.7% | -1.2% |
| Aug 28, 2026 | VTEX downgraded by Morgan Stanley with a new price target | +2.0% | -0.2% |
| Aug 25, 2026 | VTEX downgraded by Itau BBA with a new price target | -1.1% | +0.3% |
| Aug 7, 2026 | VTEX Reports Second Quarter 2026 Financial Results | -2.6% | +0.6% |
| Jul 23, 2026 | VTEX to Announce Second Quarter 2026 Financial Results on August 6th, 2026 | -4.2% | -1.2% |
| May 27, 2026 | VTEX Announces the Results of its 2026 Annual General Meeting of Shareholders | -1.1% | -0.0% |
Keep researching VTEX
- What is Form 6-K?The SEC form foreign private issuers use to furnish material information they publish at home, such as earnings releases and major announcements.
- Form 8-K explainedWhat a Form 8-K is, when it is due, and what each key item number means, from 1.01 material agreements and 2.02 earnings to 4.02 restatements and 5.02 executive changes.
- VTEX insider tradesEvery buy and sale reported by VTEX officers, directors and large holders.
- VTEX earnings historyPast VTEX earnings releases, newest first.
- VTEX financial statementsRevenue, profit, cash flow and balance sheet from VTEX's SEC filings.
- Market cap
- 30-day
- Sector
- Technology
- Industry
- Computer Software: Prepackaged Software
- Listed since
- 2021
Follow VTEX and get a push notification the moment its next story breaks.