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6Mar 4, 2026·SEC
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Veeva Systems Inc. (VEEV) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Veeva Systems Inc. (VEEV) stock price & volume — 10-year historical chart
Veeva Systems Inc. (VEEV) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Veeva Systems Inc. (VEEV) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 20, 2026 | $1.49vs $1.94-23.2% | $836Mvs $811M+3.1% |
| Q2 2026 | Mar 4, 2026 | $2.06vs $1.94+6.2% | $836Mvs $811M+3.1% |
| Q4 2025 | Nov 20, 2025 | $2.04vs $1.95+4.6% | $811Mvs $793M+2.3% |
| Q3 2025 | Aug 27, 2025 | $1.99vs $1.90+4.7% | $789Mvs $768M+2.7% |
Veeva Systems Inc. (VEEV) competitors in Life Sciences and Precision Medicine Software — business model, growth, and fundamentals comparison
Veeva Systems Inc. (VEEV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Veeva Systems Inc. (VEEV) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Jan'18 | Jan'19 | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 690.56M | 862.21M | 1.1B | 1.47B | 1.85B | 2.16B | 2.36B | 2.75B | 3.2B |
| Revenue Growth % | 26.93% | 24.86% | 28.05% | 32.7% | 26.33% | 16.44% | 9.68% | 16.2% | 16.34% |
| Cost of Goods Sold | 211.44M | 245.28M | 303.37M | 408.93M | 503.68M | 609.4M | 677.29M | 699.64M | 782.02M |
| COGS % of Revenue | 30.62% | 28.45% | 27.48% | 27.91% | 27.21% | 28.28% | 28.65% | 25.47% | 24.47% |
| Gross Profit | 479.14M▲ 0% | 616.93M▲ 28.8% | 800.71M▲ 29.8% | 1.06B▲ 31.9% | 1.35B▲ 27.5% | 1.55B▲ 14.7% | 1.69B▲ 9.1% | 2.05B▲ 21.4% | 2.41B▲ 17.9% |
| Gross Margin % | 69.38% | 71.55% | 72.52% | 72.09% | 72.79% | 71.72% | 71.35% | 74.53% | 75.53% |
| Gross Profit Growth % | 29.37% | 28.76% | 29.79% | 31.9% | 27.55% | 14.74% | 9.1% | 21.38% | 17.9% |
| Operating Expenses | 321.21M | 394.06M | 514.49M | 678.35M | 841.6M | 1.09B | 1.26B | 1.36B | 1.5B |
| OpEx % of Revenue | 46.51% | 45.7% | 46.6% | 46.3% | 45.47% | 50.42% | 53.18% | 49.35% | 46.85% |
| Selling, General & Admin | 189.19M | 235.28M | 304.6M | 384.13M | 459.57M | 566.29M | 628.02M | 662.47M | 729.54M |
| SG&A % of Revenue | 27.4% | 27.29% | 27.59% | 26.22% | 24.83% | 26.28% | 26.57% | 24.12% | 22.83% |
| Research & Development | 132.05M | 158.78M | 209.9M | 294.22M | 382.04M | 520.28M | 629.03M | 693.08M | 767.39M |
| R&D % of Revenue | 19.12% | 18.42% | 19.01% | 20.08% | 20.64% | 24.14% | 26.61% | 25.23% | 24.02% |
| Other Operating Expenses | -34K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 157.93M▲ 0% | 222.87M▲ 41.1% | 286.22M▲ 28.4% | 377.79M▲ 32.0% | 505.5M▲ 33.8% | 459.09M▼ 9.2% | 429.33M▼ 6.5% | 691.43M▲ 61.0% | 916.37M▲ 32.5% |
| Operating Margin % | 22.87% | 25.85% | 25.92% | 25.79% | 27.31% | 21.3% | 18.16% | 25.17% | 28.68% |
| Operating Income Growth % | 30.86% | 41.12% | 28.43% | 31.99% | 33.8% | -9.18% | -6.48% | 61.05% | 32.53% |
| EBITDA | 171.63M | 236.27M | 306.08M | 407.25M | 532.94M | 488.21M | 461.96M | 730.82M | 916.37M |
| EBITDA Margin % | 24.85% | 27.4% | 27.72% | 27.8% | 28.8% | 22.65% | 19.54% | 26.61% | 28.68% |
| EBITDA Growth % | 27.59% | 37.66% | 29.55% | 33.05% | 30.86% | -8.39% | -5.38% | 58.2% | 25.39% |
| D&A (Non-Cash Add-back) | 13.7M | 13.4M | 19.86M | 29.45M | 27.45M | 29.12M | 32.63M | 39.38M | 0 |
| EBIT | 165.77M | 222.87M | 286.22M | 377.79M | 505.5M | 459.09M | 429.33M | 691.43M | 916.37M |
| Net Interest Income | 8.38M | 15.39M | 25.18M | 15.86M | 14.73M | 45.86M | 133.75M | 207.99M | 0 |
| Interest Income | 8.38M | 15.39M | 25.18M | 15.86M | 14.73M | 45.86M | 133.75M | 207.99M | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 7.84M | 15.78M | 27.48M | 16.2M | 6.82M | 50.01M | 158.69M | 227.95M | 278.14M |
| Pretax Income | 165.77M▲ 0% | 238.64M▲ 44.0% | 313.7M▲ 31.5% | 393.99M▲ 25.6% | 512.31M▲ 30.0% | 509.1M▼ 0.6% | 588.02M▲ 15.5% | 919.38M▲ 56.4% | 1.19B▲ 29.9% |
| Pretax Margin % | 24.01% | 27.68% | 28.41% | 26.89% | 27.68% | 23.62% | 24.88% | 33.47% | 37.38% |
| Income Tax | 14.59M | 8.81M | 12.58M | 13.99M | 84.92M | 21.39M | 62.32M | 205.24M | 285.6M |
| Effective Tax Rate % | 8.8% | 3.69% | 4.01% | 3.55% | 16.58% | 4.2% | 10.6% | 22.32% | 23.91% |
| Net Income | 151.18M▲ 0% | 229.83M▲ 52.0% | 301.12M▲ 31.0% | 380M▲ 26.2% | 427.39M▲ 12.5% | 487.71M▲ 14.1% | 525.71M▲ 7.8% | 714.14M▲ 35.8% | 908.91M▲ 27.3% |
| Net Margin % | 21.89% | 26.66% | 27.27% | 25.94% | 23.09% | 22.63% | 22.24% | 26% | 28.44% |
| Net Income Growth % | 94.89% | 52.03% | 31.02% | 26.2% | 12.47% | 14.11% | 7.79% | 35.84% | 27.27% |
| Net Income (Continuing) | 151.18M | 229.83M | 301.12M | 380M | 427.39M | 487.71M | 525.71M | 714.14M | 908.91M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.98▲ 0% | 1.47▲ 50.0% | 1.90▲ 29.3% | 2.36▲ 24.2% | 2.63▲ 11.4% | 3.00▲ 14.1% | 3.22▲ 7.3% | 4.32▲ 34.2% | 5.44▲ 25.9% |
| EPS Growth % | 108.51% | 50% | 29.25% | 24.21% | 11.44% | 14.07% | 7.33% | 34.16% | 25.93% |
| EPS (Basic) | 1.08 | 1.59 | 2.04 | 2.52 | 2.79 | 3.14 | 3.27 | 4.41 | 5.55 |
| Diluted Shares Outstanding | 153.68M | 156.12M | 158.3M | 160.73M | 162.28M | 162.44M | 163.49M | 165.23M | 167M |
| Basic Shares Outstanding | 140.31M | 144.24M | 147.8M | 150.67M | 153.25M | 155.38M | 160.53M | 161.88M | 163.67M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Veeva Systems Inc. (VEEV) balance sheet — assets, liabilities & shareholders' equity
| Line item | Jan'18 | Jan'19 | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.01B | 1.43B | 1.53B | 2.31B | 3.11B | 3.97B | 5B | 6.31B | 8B |
| Cash & Short-Term Investments | 761.96M | 1.09B | 1.09B | 1.66B | 2.38B | 3.1B | 4.03B | 5.15B | 6.56B |
| Cash Only | 320.18M | 550.97M | 476.73M | 730.5M | 1.14B | 886.47M | 703.49M | 1.12B | 1.42B |
| Short-Term Investments | 441.78M | 539.19M | 610.01M | 933.12M | 1.24B | 2.22B | 3.32B | 4.03B | 5.14B |
| Accounts Receivable | 238.02M | 321.59M | 422.51M | 611.59M | 694.4M | 785.23M | 888.54M | 1.06B | 1.31B |
| Days Sales Outstanding | 125.81 | 136.14 | 139.68 | 152.37 | 136.95 | 132.99 | 137.21 | 140.48 | 149.68 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 81.46M | 86.92M | 101.46M | 126.47M |
| Total Non-Current Assets | 217.91M | 220.35M | 740.65M | 735.24M | 709.28M | 834.98M | 907.71M | 1.03B | 981.71M |
| Property, Plant & Equipment | 52.28M | 54.97M | 103.88M | 110.57M | 104.14M | 105.15M | 104.13M | 119.78M | 145.89M |
| Fixed Asset Turnover | 13.21x | 15.69x | 10.63x | 13.25x | 17.77x | 20.49x | 22.70x | 22.93x | 21.90x |
| Goodwill | 95.8M | 95.8M | 438.53M | 436.03M | 439.88M | 439.88M | 439.88M | 439.88M | 439.88M |
| Intangible Assets | 31.49M | 24.52M | 134.6M | 114.59M | 101.94M | 82.48M | 63.02M | 44.46M | 30.31M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 36.11M | 39.12M | 51.77M | 59.95M | 58.23M | 70.78M | 67.22M | 82.92M | 92.22M |
| Total Assets | 1.23B▲ 0% | 1.65B▲ 34.4% | 2.27B▲ 37.4% | 3.05B▲ 34.1% | 3.82B▲ 25.3% | 4.8B▲ 25.9% | 5.91B▲ 23.0% | 7.34B▲ 24.2% | 8.98B▲ 22.3% |
| Asset Turnover | 0.56x | 0.52x | 0.49x | 0.48x | 0.48x | 0.45x | 0.40x | 0.37x | 0.36x |
| Asset Growth % | 34.07% | 34.42% | 37.37% | 34.08% | 25.29% | 25.88% | 23.03% | 24.17% | 22.34% |
| Total Current Liabilities | 306.17M | 401.02M | 551.17M | 715.95M | 840.78M | 1.01B | 1.18B | 1.4B | 1.64B |
| Accounts Payable | 6.94M | 9.11M | 19.42M | 23.25M | 20.35M | 41.68M | 31.51M | 30.45M | 37.64M |
| Days Payables Outstanding | 11.99 | 13.56 | 23.37 | 20.76 | 14.75 | 24.96 | 16.98 | 15.88 | 17.57 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.15M |
| Deferred Revenue (Current) | 266.94M | 356.36M | 468.89M | 616.99M | 731.75M | 869.28M | 1.05B | 1.27B | 1.49B |
| Other Current Liabilities | 17.05M | 15.32M | 25.62M | 30.41M | 15.79M | 16.81M | 19.76M | 18.8M | 98.44M |
| Current Ratio | 3.29x | 3.57x | 2.78x | 3.23x | 3.70x | 3.94x | 4.24x | 4.51x | 4.89x |
| Quick Ratio | 3.29x | 3.57x | 2.78x | 3.23x | 3.70x | 3.94x | 4.24x | 4.51x | 4.89x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 17.93M | 14.99M | 55.01M | 63.8M | 64.05M | 81.24M | 87.21M | 108.98M | 127.53M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 44.81M | 51.39M | 43.61M | 49.67M | 46.44M | 65.81M | 83.71M |
| Deferred Tax Liabilities | 10.95M | 6.09M | 2.42M | 1.83M | 2.22M | 1.49M | 2.05M | 587K | 558K |
| Other Non-Current Liabilities | 6.98M | 8.9M | 7.78M | 10.57M | 18.23M | 30.08M | 38.72M | 42.59M | 43.27M |
| Total Liabilities | 324.1M | 416.02M | 606.18M | 779.75M | 904.83M | 1.09B | 1.27B | 1.51B | 1.76B |
| Total Debt | 0 | 0 | 54.83M | 63.12M | 54.59M | 60.98M | 55.77M | 75.78M | 95.86M |
| Net Debt | -320.18M | -550.97M | -421.9M | -667.39M | -1.08B | -825.49M | -647.71M | -1.04B | -1.33B |
| Debt / Equity | - | - | 0.03x | 0.03x | 0.02x | 0.02x | 0.01x | 0.01x | 0.01x |
| Debt / EBITDA | - | - | 0.18x | 0.15x | 0.10x | 0.12x | 0.12x | 0.10x | 0.10x |
| Net Debt / EBITDA | -1.87x | -2.33x | -1.38x | -1.64x | -2.03x | -1.69x | -1.40x | -1.43x | -1.45x |
| Interest Coverage | - | - | - | - | - | - | - | - | - |
| Total Equity | 906.24M▲ 0% | 1.24B▲ 36.6% | 1.67B▲ 34.6% | 2.27B▲ 36.1% | 2.91B▲ 28.5% | 3.72B▲ 27.6% | 4.64B▲ 25.0% | 5.83B▲ 25.6% | 7.21B▲ 23.7% |
| Equity Growth % | 38.79% | 36.58% | 34.57% | 36.07% | 28.47% | 27.63% | 24.99% | 25.57% | 23.7% |
| Book Value per Share | 5.90 | 7.93 | 10.52 | 14.10 | 17.94 | 22.88 | 28.41 | 35.30 | 43.20 |
| Total Shareholders' Equity | 906.24M | 1.24B | 1.67B | 2.27B | 2.91B | 3.72B | 4.64B | 5.83B | 7.21B |
| Common Stock | 1K | 1K | 1K | 2K | 2K | 2K | 2K | 2K | 2K |
| Retained Earnings | 389.37M | 619.2M | 919.66M | 1.3B | 1.73B | 2.21B | 2.74B | 3.45B | 4.36B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 1.6M | 928K | 460K | 992K | -11.96M | -31.13M | -10.64M | -8.42M | 8.16M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Veeva Systems Inc. (VEEV) cash flow — operating, investing & free cash flow history
| Line item | Jan'18 | Jan'19 | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 233.44M | 310.83M | 437.38M | 551.25M | 764.46M | 780.47M | 911.34M | 1.09B | 1.42B |
| Operating CF Margin % | 33.8% | 36.05% | 39.61% | 37.63% | 41.3% | 36.22% | 38.56% | 39.69% | 44.29% |
| Operating CF Growth % | 62.1% | 33.15% | 40.71% | 26.04% | 38.68% | 2.09% | 16.77% | 19.61% | 29.83% |
| Net Income | 151.18M | 229.83M | 301.12M | 380M | 427.39M | 487.71M | 525.71M | 714.14M | 908.91M |
| Depreciation & Amortization | 13.7M | 13.4M | 26.59M | 39.35M | 36.97M | 37.66M | 37.15M | 50.93M | 37.97M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 472.7M |
| Deferred Taxes | 1.21M | -8.09M | -6.66M | -1.05M | 11.08M | -127.5M | -105.37M | -112.27M | 65.09M |
| Other Non-Cash Items | 72.69M | 93.06M | 134.52M | 208.59M | 268.37M | 375.26M | 393.03M | 429.64M | 22.49M |
| Working Capital Changes | -5.33M | -17.38M | -18.18M | -75.65M | 20.66M | 7.34M | 60.82M | 7.62M | -91.94M |
| Change in Receivables | -52.13M | -83.77M | -70.09M | -188.45M | -83.08M | -91.08M | -104M | -168.97M | -254.55M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 1.4M | 1.82M | 2.81M | 754K | -3M | 21.43M | -10.23M | -1.96M | 6.08M |
| Cash from Investing | -154.52M | -103.87M | -516.91M | -333.63M | -346.15M | -1.01B | -1.08B | -700.14M | -1.1B |
| Capital Expenditures | -11.37M | -9.82M | -4.32M | -8.68M | -14.21M | -13.51M | -26.2M | -20.52M | -29.13M |
| CapEx % of Revenue | 1.65% | 1.14% | 0.39% | 0.59% | 0.77% | 0.63% | 1.11% | 0.75% | 0.91% |
| Acquisitions | 0 | 0 | -448.16M | 0 | -7.78M | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 20.77M | 25.91M | 10.01M | 33.82M | -4.14M | -19.38M | -16.19M | 26.11M | -9.33M |
| Debt Issued (Net) | 0 | 0 | -984K | -1.04M | -384K | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -169.95M |
| Other Financing | 0 | 0 | 0 | 0 | -55.29M | -63.03M | -78.88M | -79.42M | -93.25M |
| Net Change in Cash | 102.58M▲ 0% | 230.79M▲ 125.0% | -72.38M▼ 131.4% | 251.91M▲ 448.0% | 409.51M▲ 62.6% | -251.57M▼ 161.4% | -182.98M▲ 27.3% | 414.29M▲ 326.4% | 302.45M▼ 27.0% |
| Free Cash Flow | 223.81M▲ 0% | 302.39M▲ 35.1% | 434.26M▲ 43.6% | 542.56M▲ 24.9% | 750.25M▲ 38.3% | 766.96M▲ 2.2% | 885.14M▲ 15.4% | 1.07B▲ 20.8% | 1.42B▲ 32.3% |
| FCF Margin % | 32.41% | 35.07% | 39.33% | 37.03% | 40.54% | 35.59% | 37.45% | 38.94% | 44.29% |
| FCF Growth % | 63.26% | 35.11% | 43.61% | 24.94% | 38.28% | 2.23% | 15.41% | 20.83% | 32.32% |
| FCF per Share | 1.46 | 1.94 | 2.74 | 3.38 | 4.62 | 4.72 | 5.41 | 6.47 | 8.47 |
| FCF Conversion (FCF/Net Income) | 1.54x | 1.35x | 1.45x | 1.45x | 1.79x | 1.60x | 1.73x | 1.53x | 1.56x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 12.46M | 19.54M | 14.29M | 18.1M | 58.63M | 167.95M | 134.47M | 322.05M | 0 |
Veeva Systems Inc. (VEEV) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 13.4% | 19.39% | 21.44% | 20.74% | 19.33% | 16.51% | 14.72% | 12.58% | 13.63% | 13.93% |
| Return on Invested Capital (ROIC) | 22.39% | 23.19% | 26.26% | 22.24% | 19.94% | 22.12% | 14.59% | 9.35% | 11.8% | 12.87% |
| Gross Margin | 68.08% | 69.38% | 71.55% | 72.52% | 72.09% | 72.79% | 71.72% | 71.35% | 74.53% | 75.53% |
| Net Margin | 14.26% | 21.89% | 26.66% | 27.27% | 25.94% | 23.09% | 22.63% | 22.24% | 26% | 28.44% |
| Debt / Equity | - | - | - | 0.03x | 0.03x | 0.02x | 0.02x | 0.01x | 0.01x | 0.01x |
| FCF Conversion | 1.86x | 1.54x | 1.35x | 1.45x | 1.45x | 1.79x | 1.60x | 1.73x | 1.53x | 1.56x |
| Revenue Growth | 32.95% | 26.93% | 24.86% | 28.05% | 32.7% | 26.33% | 16.44% | 9.68% | 16.2% | 16.34% |
Veeva Systems Inc. (VEEV) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 4, 2026·SEC
Jan 5, 2026·SEC
Dec 11, 2025·SEC
Veeva Systems Inc. (VEEV) stock FAQ — growth, dividends, profitability & financials explained
Veeva Systems Inc. (VEEV) reported $3.20B in revenue for fiscal year 2026. This represents a 5116% increase from $61.3M in 2012.
Veeva Systems Inc. (VEEV) grew revenue by 16.3% over the past year. This is strong growth.
Yes, Veeva Systems Inc. (VEEV) is profitable, generating $908.9M in net income for fiscal year 2026 (28.4% net margin).
Veeva Systems Inc. (VEEV) has a return on equity (ROE) of 13.9%. This is reasonable for most industries.
Veeva Systems Inc. (VEEV) generated $1.40B in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Veeva Systems Inc. (VEEV) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates