VTEX Sets Q3, FY25 Revenue Guidance: 6-9% Subscription Growth

VTEX provided earnings guidance for Q3 and FY25. For Q3, the company expects 6.0-9.0% YoY subscription revenue growth, translating to a $57.5-$59 million range. For FY25, VTEX targets 9.0-12.0% YoY subscription revenue growth, implying a $233-$239 million range based on July FX rates.

VTEX (NYSE: VTEX), a leading provider of enterprise commerce solutions, has provided earnings guidance for the third quarter (Q3) and the fiscal year (FY) 2025. The company expects subscription revenue growth of 6.0% to 9.0% year-over-year (YoY) for Q3, translating to a range of $57.5 million to $59.0 million. For FY2025, VTEX targets a subscription revenue growth of 9.0% to 12.0% YoY, implying a range of $233 million to $239 million based on July FX rates.

The guidance reflects VTEX's continued investment in AI-driven support-cost efficiency and disciplined execution, which have contributed to resilient operational profitability despite challenging market conditions in Brazil and Argentina. The company's Q2 2025 results showed a 14.4% margin and a 3.3 percentage point (p.p.) margin increase YoY, with non-GAAP income from operations reaching $8.5 million and non-GAAP net income standing at $7.9 million [1].

VTEX's expansion in the US and Europe, highlighted by the addition of iconic brands like KitchenAid and Road Runner Sports, underscores the growing global relevance of its platform. The company's operational highlights for Q2 2025 include successful AI initiatives, such as the launch of Bemol Ads and the expansion of B2B ecommerce channels for Espaço Smart and FARM. These initiatives have positioned VTEX as a trusted global partner for enterprise commerce.

The company's share repurchase program has also been active, with 16.0 million shares repurchased at an average price of $4.86 per share and a total cost of $78.2 million as of June 30, 2025. Additionally, the board of directors authorized the repurchase of shares of Class A common shares for an aggregate consideration of up to $40.0 million [1].

References:
[1] https://www.stocktitan.net/news/VTEX/vtex-reports-second-quarter-2025-financial-xeotqw9x5wyd.html