Vtex VTEX

What this company does

VTEX operates a platform that enables customers to execute their commerce strategy, including building online stores, integrating and managing orders across channels, and creating marketplaces to sell products from third-party vendors. It delivers this platform through a subscription revenue model that includes both fixed and GMV-based variable components. The platform serves approximately 2,200 customers operating 3,100 active online stores across 44 countries. The VTEX platform accounted for 87.3% of total revenue for the year ended December 31, 2025. It also serves small-to-medium sized businesses through a separate on-demand platform, which represented 6.7% of total revenue for the year ended December 31, 2025. Remaining revenue consisted of 2.3% service revenue and 3.7% other revenues, including retail media and Weni by VTEX. VTEX started its journey in 2000, founded by Geraldo do Carmo Thomaz Júnior and Mariano Gomide de Faria.

Written from the business description in VTEX's annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.