Vertex annual debt-to-equity ratio
2020
2021
2022
2023
2024
2025
Vertex Debt-to-Equity Ratio Growth & History (VERX)
Vertex's debt-to-equity ratio was 1.35 for fiscal 2025.
View full Vertex company overviewVertex annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.35 | −0.61 | −30.95% |
| 2024 | 2024-12-31 | 1.96 | 1.70 | +641.17% |
| 2023 | 2023-12-31 | 0.26 | −0.06 | −17.28% |
| 2022 | 2022-12-31 | 0.32 | 0.20 | +157.41% |
| 2021 | 2021-12-31 | 0.12 | 0.11 | +1187.84% |
| 2020 | 2020-12-31 | 0.01 | — | — |
Vertex quarterly debt-to-equity ratio
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.45 | 0.03 | +2.30% |
| Q1 2026 | 2026-03-31 | 1.42 | −0.33 | −18.95% |
| Q4 2025 | 2025-12-31 | 1.35 | −0.61 | −30.95% |
| Q3 2025 | 2025-09-30 | 1.33 | −0.03 | −2.29% |
| Q2 2025 | 2025-06-30 | 1.42 | −0.09 | −6.15% |
| Q1 2025 | 2025-03-31 | 1.75 | 1.49 | +572.18% |
| Q4 2024 | 2024-12-31 | 1.96 | 1.70 | +641.17% |
| Q3 2024 | 2024-09-30 | 1.36 | 1.05 | +332.89% |
| Q2 2024 | 2024-06-30 | 1.51 | 1.20 | +381.79% |
| Q1 2024 | 2024-03-31 | 0.26 | −0.06 | −18.92% |
| Q4 2023 | 2023-12-31 | 0.26 | −0.06 | −17.28% |
| Q3 2023 | 2023-09-30 | 0.31 | −0.04 | −11.42% |
| Q2 2023 | 2023-06-30 | 0.31 | −0.04 | −11.91% |
| Q1 2023 | 2023-03-31 | 0.32 | −0.01 | −3.59% |
| Q4 2022 | 2022-12-31 | 0.32 | 0.20 | +157.41% |
| Q3 2022 | 2022-09-30 | 0.35 | 0.22 | +171.41% |
| Q2 2022 | 2022-06-30 | 0.36 | 0.22 | +166.46% |
| Q1 2022 | 2022-03-31 | 0.33 | 0.19 | +140.67% |
| Q4 2021 | 2021-12-31 | 0.12 | 0.11 | +1187.84% |
| Q3 2021 | 2021-09-30 | 0.13 | 0.12 | +863.17% |
| Q2 2021 | 2021-06-30 | 0.13 | — | — |
| Q1 2021 | 2021-03-31 | 0.14 | — | — |
| Q4 2020 | 2020-12-31 | 0.01 | — | — |
| Q3 2020 | 2020-09-30 | 0.01 | — | — |
Vertex debt-to-equity ratio trends
Over the last five fiscal years, Vertex's debt-to-equity ratio increased from 0.01 to 1.35, a change of 1.35. The latest reported quarter, Q2 2026, shows 1.45.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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