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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
VTEX
VTEX (VTEX) investor relations material
VTEX Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary5 Nov, 2026
Executive summary
GMV rose 12.0% YoY in USD to $5.548B, while revenue grew 6.3% in USD and declined 0.4% FX-neutral; weaker Brazilian consumption, particularly in October, weighed on results.
Global Expansion, B2B, Ads, and AI grew faster than the overall business; priorities remain scaling these drivers and developing an AI-native commerce suite.
Financial highlights
Subscription revenue was $62.5M, up 7.1% in USD and 0.2% FX-neutral; total revenue was $63.4M, up 6.3% reported and down 0.4% FX-neutral.
GAAP operating income was $7.2M vs. $4.2M; GAAP net income was $3.0M vs. $6.4M, and diluted EPS was $0.018 vs. $0.034.
Non-GAAP operating income was $12.1M vs. $9.5M, at a 19.0% margin; non-GAAP net income was $7.0M vs. $10.6M.
Free cash flow rose 77.3% to $13.3M, with a 21.0% margin; LTM free cash flow was $50.4M, with a 19.6% margin.
Subscription gross profit was $50.7M, up 8.2% FX-neutral; GAAP gross profit was $50.5M, up 9.7% in USD.
Outlook and guidance
Q4 subscription revenue growth guidance is negative low-single-digit FX-neutral; gross profit growth is approximately flat FX-neutral.
FY2026 subscription revenue growth guidance is approximately flat FX-neutral; gross profit growth is low-single-digit FX-neutral.
Q4 non-GAAP operating income and free cash flow margin guidance is in the mid-20s; FY2026 guidance is in the low 20s for both.
At October closing FX rates, currency would add 3.5 percentage points to Q4 and 7.4 points to FY2026 reported USD subscription growth; management expects a more stable 2027 growth profile but issued no formal guidance.
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Latest events from VTEX
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Q2 2026 - AI-native suite fueled margin expansion and doubled profit despite Brazil headwinds.VTEXQ1 2026
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- Q2 2025 saw 11.2% FXN subscription growth, 79.9% margin, and raised 2025 guidance.VTEXQ2 2025
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- Double-digit revenue growth, margin expansion, and raised guidance mark strong Q3 results.VTEXQ3 2024
- Q1 2025 saw 15% FX-neutral subscription growth, 79% gross margin, and strong cash flow.VTEXQ1 2025
- 2024 saw 12.5% revenue growth, margin gains, and $18.2B GMV despite FX and Brazil softness.VTEXQ4 2024
Next VTEX earnings date
Q4 202623 Feb, 2027
VTEX
Next VTEX earnings date
Q4 202623 Feb, 2027
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Frequently asked questions
VTEX is a global provider of enterprise digital commerce platform solutions, primarily focusing on software-as-a-service (SaaS) for enterprise brands and retailers. The company's platform is designed to facilitate various aspects of digital commerce, including the creation of online stores, integration and management of orders across different channels, and the development of marketplaces to sell products from third-party vendors. VTEX's solutions cater to a range of industries such as grocery, retail, manufacturing, and consumer packaged goods, addressing their needs for order management systems, conversational commerce, fulfillment, and cloud infrastructure among others. The company is headquartered in London, United Kingdom, and its shares are listed on the New York Stock Exchange.