VTEX Expects 6-9% FX-Neutral Subscription Revenue Growth in Q3 2025, Raises Margin Outlook

VTEX targets 6-9% FX-neutral subscription revenue growth for Q3 2025 and raises its non-GAAP income from operations margin outlook. Co-CEO Geraldo do Carmo Thomaz attributes the company's resilient performance to disciplined execution and progress in global expansion. The raised margin outlook reflects VTEX's focus on driving growth and profitability.

VTEX, a leading provider of connected commerce solutions, has set ambitious targets for the third quarter of 2025. The company aims to achieve 6-9% FX-neutral subscription revenue growth, alongside a raised non-GAAP income from operations margin outlook. This outlook reflects VTEX's commitment to driving growth and profitability through disciplined execution and global expansion.

In the second quarter of 2025, VTEX reported a significant performance boost. Subscription revenue reached US$57.2 million, marking a 11.2% growth in FXN Non-GAAP subscription gross profit of US$45.7 million. The company's non-GAAP income from operations was US$8.5 million, a 3.3 percentage point increase year-over-year [1].

Co-CEO Geraldo Thomaz Jr. attributed the company's resilient performance to its disciplined execution and progress in global expansion. "Despite a challenging market for our retailer base in Brazil and Argentina, our AI initiatives on support-cost efficiency combined with our disciplined execution delivered a quarter of resilient operational profitability," he commented.

The company's growth strategy is evident in its expanding customer base. Notable additions include KitchenAid and Road Runner Sports in the US, as well as several new customers in Latin America and Europe. Existing customers like Hinode Group and LG also expanded their operations with VTEX, demonstrating the platform's appeal in diverse markets.

VTEX's operational highlights also underscore its commitment to innovation. For instance, Bemol, one of Brazil's largest retailers, launched its retail media operation with VTEX Ads, generating over R$1 million in incremental sales. Similarly, Espaço Smart, a Brazilian leader in industrialized construction systems, streamlined its B2B ecommerce channel with VTEX.

As VTEX targets Q3 2025, it aims to build on its strong performance in the second quarter. The company's focus on subscription revenue growth and profitability margin demonstrates its strategic approach to long-term sustainability.

References:
[1] https://www.businesswire.com/news/home/20250807339861/en/VTEX-Reports-Second-Quarter-2025-Financial-Results