Key Highlights

  • PTC (NASDAQ:PTC) reported fourth fiscal quarter Revenue of USD 673 million, down 25%, while ARR excluding divested businesses rose 8% to USD 2,508 million.
  • HubSpot (NYSE:HUBS) earned USD 1.67 per diluted share on revenue of USD 947.6 million as management said AI-related Demand headwinds intensified.
  • Paycom Software (NYSE:PAYC) grew third-quarter revenue 10.2% to USD 543.8 million and raised its full-year outlook, with adjusted EBITDA near 49% of revenue.
  • Vertex (NASDAQ:VERX) grew revenue 11.0% to USD 213.3 million but posted a USD 46.6 million net loss after USD 47.3 million of income tax expense.

PTC (NASDAQ:PTC): License Timing Behind a 25% Revenue Drop

PTC (NASDAQ:PTC) reported fiscal fourth quarter and full-year 2026 results on November 4, 2026. Quarterly revenue was USD 673 million against USD 894 million a year earlier, with license revenue falling to USD 267.0 million from USD 484.1 million. The company notes that under ASC 606 much of the value of an on-premises subscription is recognized when the software is made available, so a single quarter can swing sharply. Annual run rate, which is not distorted by that timing, is the cleaner gauge: ARR excluding divested businesses was USD 2,508 million, up 8%, or 9.7% in constant currency. GAAP EPS for the year rose 47% to USD 8.93, helped by USD 463.9 million of gains on divestitures, while non-GAAP EPS was USD 8.24 against USD 7.94. PTC (NASDAQ:PTC) agreed on October 5, 2026 to be acquired by Schneider Electric and has suspended quarterly earnings calls and guidance. The release gives no price or closing date. Fourth-quarter free Cash Flow of USD 38 million absorbed about USD 24 million of divestiture costs and about USD 75 million of related cash taxes.

HubSpot (NYSE:HUBS): EPS of USD 1.67 Beside Intensifying AI Headwinds

HubSpot (NYSE:HUBS) filed its Quarterly Report on November 4, 2026 for the period ended September 30. Revenue rose to USD 947.6 million from USD 809.5 million, about 17% (calculated), and Net Income was USD 83.0 million, or USD 1.67 per diluted share, against USD 0.31. Customers grew about 11.8% (calculated) to 311,704, which the filing attributes mainly to demand for lower-priced Starter products. Management said demand headwinds have appeared since the second quarter as AI changes how customers discover and buy software, with longer approval cycles, larger buying committees and more price sensitivity. Those headwinds intensified in the third quarter and are expected to continue to weigh on results. HubSpot (NYSE:HUBS) repurchased 1.13 million shares for USD 237.2 million at an average USD 209.91, against USD 480.72 a year earlier. About USD 964.1 million of authorization remained after quarter end. Interest income fell to USD 7.9 million from USD 14.3 million after cash was used to settle notes and fund buybacks. The filing contains no revenue or earnings guidance.

Paycom Software (NYSE:PAYC): Profit Outpaces Revenue and Guidance Rises

Paycom Software (NYSE:PAYC) reported third-quarter 2026 results on November 4, 2026. Revenue grew 10.2% to USD 543.8 million, while GAAP net income rose from USD 110.7 million to USD 133.2 million and GAAP EPS from USD 1.96 to USD 2.99, about 53% higher (calculated). Non-GAAP EPS was USD 3.37 against USD 1.94, a rise of about 74% (calculated). Adjusted EBITDA of USD 268.1 million was near 49% of revenue, and the release did not explain the year-over-year Margin jump beyond revenue growth. Paycom Software (NYSE:PAYC) now guides full-year revenue of USD 2.213 billion to USD 2.218 billion, about 8% growth, and adjusted EBITDA of USD 1.069 billion to USD 1.079 billion, a 48.5% margin at the midpoint. The prior ranges were not in the release. Guided full-year growth of about 8% sits below the 10.2% reported for the quarter. Cash and equivalents fell about USD 176.1 million (calculated) since December 31, 2025 to USD 193.9 million, and the quarter included USD 16.7 million of dividends. The release does not detail other uses of cash.

Vertex (NASDAQ:VERX): A USD 47.3 Million Tax Charge Creates the Loss

Vertex (NASDAQ:VERX) announced third-quarter 2026 results on November 4, 2026. The company provides indirect tax and compliance software to enterprises. Revenue rose 11.0% to USD 213.3 million, with cloud revenue up 20.4% and annual Recurring Revenue up 11.7% to USD 724.3 million. Income before taxes was only USD 0.7 million (calculated), and income tax expense of USD 47.3 million pushed net income to a loss of USD 46.6 million. The release does not explain the tax charge, so the cause cannot be confirmed from the material reviewed. Adjusted EBITDA rose to USD 64.8 million, a 30.4% margin against 22.6% a year earlier. Net revenue retention was 106% and gross revenue retention was 95%. Vertex (NASDAQ:VERX) expects fourth-quarter revenue of USD 215.0 million to USD 217.0 million and adjusted EBITDA of USD 58.0 million to USD 60.0 million, below the third quarter's level. Full-year revenue guidance is USD 828.9 million to USD 830.9 million. Management said it raised its full-year outlook, though prior ranges were not given in the release. Cash was USD 217.8 million, and the chief executive said the core Business has stabilized.

Where Things Stand

It looks sharp on the surface but is mostly timing and accounting. PTC (NASDAQ:PTC) revenue fell 25% because far less license revenue was recognized up front, while ARR excluding divested units rose 8%. HubSpot (NYSE:HUBS) grew profit but warns that AI-related headwinds will continue to weigh on results. Paycom Software (NYSE:PAYC) raised guidance, though implied full-year growth of about 8% is below its quarterly pace. Vertex (NASDAQ:VERX) improved operations but booked a large unexplained tax charge. Next markers are the Schneider Electric deal timetable, HubSpot buying cycles and Starter versus Professional mix, Paycom margin against its guided midpoint, and tax detail from Vertex. None of these reports guarantees later results, and management commentary on demand remains a key risk.