Last 48 quarters of trend data · Healthcare · Medical - Healthcare Information Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '27 | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 57.05 | 30.69 | 24.84 | 35.16 | 52.00 | 59.71 | 42.64 | 49.84 | 46.20 | 46.14 | 50.65 | 57.61 | 58.05 | 75.08 | 55.27 | 36.76 | 62.66 | 99.81 | 73.37 | 98.56 | 121.93 |
| — | -48.6% | -41.8% | -29.5% | +12.6% | +29.4% | -15.8% | -13.5% | -20.4% | -38.6% | -8.4% | +56.7% | -7.4% | -24.8% | -24.7% | -62.7% | -48.6% | -19.6% | -26.2% | -8.7% | +8.4% | |
| P/S Ratio | 15.78 | 9.06 | 7.33 | 10.26 | 15.07 | 15.06 | 12.79 | 13.40 | 12.32 | 11.68 | 12.55 | 13.49 | 12.80 | 14.12 | 13.82 | 12.27 | 12.34 | 16.96 | 14.58 | 19.81 | 27.14 |
| — | -39.8% | -42.7% | -23.4% | +22.4% | +29.0% | +2.0% | -0.7% | -3.7% | -17.3% | -9.2% | +10.0% | +3.7% | -16.7% | -5.2% | -38.1% | -54.5% | -42.9% | -44.8% | -29.8% | -6.2% | |
| P/B Ratio | 7.18 | 4.53 | 3.54 | 4.76 | 6.95 | 7.16 | 6.25 | 6.63 | 6.26 | 6.09 | 6.68 | 7.33 | 7.21 | 8.03 | 7.38 | 7.44 | 7.97 | 11.17 | 9.60 | 13.22 | 18.66 |
| — | -36.8% | -43.3% | -28.2% | +10.9% | +17.5% | -6.3% | -9.6% | -13.1% | -24.1% | -9.6% | -1.5% | -9.6% | -28.1% | -23.1% | -43.7% | -57.3% | -45.9% | -48.8% | -33.1% | -10.0% | |
| P/FCF | 36.37 | 36.45 | — | 85.94 | 65.57 | 51.20 | 11.15 | 149.04 | 53.88 | 87.91 | 10.81 | 170.03 | 102.88 | 32.64 | 14.47 | 116.18 | 49.72 | 98.80 | 15.39 | 191.88 | 116.78 |
| — | -28.8% | — | -42.3% | +21.7% | -41.8% | +3.1% | -12.3% | -47.6% | +169.4% | -25.3% | +46.4% | +106.9% | -67.0% | -6.0% | -39.5% | -57.4% | -17.0% | -36.1% | +16.8% | -1.5% | |
| EV / EBITDA | 41.10 | 22.87 | 20.92 | 25.97 | 45.38 | 55.44 | 37.94 | 47.39 | 43.76 | 42.92 | 48.12 | 57.57 | 56.40 | 72.82 | 101.58 | 57.51 | 51.44 | 81.18 | 52.47 | 73.76 | 90.59 |
| — | -58.8% | -44.9% | -45.2% | +3.7% | +29.2% | -21.2% | -17.7% | -22.4% | -41.1% | -52.6% | +0.1% | +9.6% | -10.3% | +93.6% | -22.0% | -43.2% | -19.7% | -36.6% | -29.4% | -8.5% | |
| EV / EBIT | 53.57 | 22.87 | 17.33 | 25.97 | 37.84 | 43.05 | 30.92 | 38.35 | 34.55 | 33.85 | 38.06 | 45.68 | 45.22 | 57.15 | 76.46 | 49.54 | 49.40 | 80.31 | 54.22 | 78.25 | 94.71 |
| — | -46.9% | -43.9% | -32.3% | +9.5% | +27.2% | -18.8% | -16.0% | -23.6% | -40.8% | -50.2% | -7.8% | -8.5% | -28.8% | +41.0% | -36.7% | -47.8% | -23.7% | -37.7% | -29.9% | -10.9% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '27 | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.5% | 75.0% | 74.7% | 74.5% | 75.4% | 75.3% | 77.1% | 74.9% | 75.1% | 74.8% | 73.3% | 72.4% | 72.8% | 71.4% | 68.3% | 70.8% | 72.1% | 71.6% | 72.4% | 72.0% | 72.8% |
| — | -0.3% | -3.1% | -0.6% | +0.5% | +0.6% | +5.2% | +3.4% | +3.1% | +4.8% | +7.2% | +2.2% | +0.9% | -0.3% | -5.6% | -1.6% | -0.9% | -2.2% | -1.1% | +1.0% | +0.1% | |
| Operating Margin | 28.7% | 29.6% | 30.9% | 29.4% | 29.7% | 24.8% | 30.8% | 26.1% | 25.9% | 24.6% | 23.9% | 21.4% | 20.8% | 17.6% | 11.7% | 19.3% | 22.0% | 18.9% | 25.3% | 24.7% | 27.9% |
| — | +19.4% | +0.5% | +12.5% | +14.5% | +0.8% | +29.1% | +21.9% | +24.4% | +39.7% | +104.1% | +10.9% | -5.2% | -6.8% | -53.7% | -21.6% | -21.1% | -30.8% | -14.7% | -1.0% | +3.9% | |
| Net Margin | 28.4% | 29.5% | 29.6% | 29.2% | 29.1% | 25.4% | 30.1% | 27.1% | 26.6% | 25.3% | 24.9% | 23.4% | 21.9% | 18.9% | 25.0% | 33.5% | 19.6% | 17.0% | 19.8% | 20.0% | 22.2% |
| — | +16.1% | -1.7% | +7.7% | +9.6% | +0.4% | +20.9% | +16.1% | +21.2% | +33.7% | -0.5% | -30.2% | +11.7% | +11.5% | +26.1% | +67.3% | -11.7% | -29.0% | -25.6% | -22.9% | -13.4% |
| Metric | TTM | Q2 '27 | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.9% | 3.7% | 3.6% | 3.4% | 3.5% | 3.1% | 3.8% | 3.5% | 3.5% | 3.4% | 3.4% | 3.3% | 3.2% | 2.8% | 3.4% | 5.3% | 3.3% | 2.9% | 3.3% | 3.4% | 3.9% |
| — | +19.0% | -5.1% | -0.8% | -0.7% | -8.2% | +11.7% | +5.7% | +9.8% | +23.1% | -1.3% | -38.2% | -2.7% | -3.9% | +2.6% | +54.6% | -17.1% | -33.2% | -31.7% | -27.4% | -17.7% | |
| ROA | 11.1% | 3.0% | 2.9% | 2.9% | 2.9% | 2.5% | 3.0% | 2.8% | 2.9% | 2.7% | 2.7% | 2.6% | 2.6% | 2.2% | 2.7% | 4.2% | 2.6% | 2.2% | 2.6% | 2.7% | 3.2% |
| — | +18.3% | -4.6% | +0.8% | +1.0% | -7.0% | +13.1% | +7.2% | +12.4% | +25.5% | -0.1% | -36.9% | -1.1% | -2.3% | +4.6% | +55.2% | -17.1% | -32.7% | -30.6% | -26.1% | -17.1% | |
| ROIC | 12.9% | 3.7% | 3.6% | 3.2% | 3.5% | 3.2% | 3.8% | 3.0% | 3.2% | 3.2% | 3.0% | 2.6% | 2.7% | 2.4% | 1.6% | 3.0% | 3.8% | 3.7% | 5.2% | 5.1% | 6.1% |
| — | +13.4% | -6.6% | +7.0% | +11.3% | +0.9% | +28.0% | +15.0% | +17.5% | +30.4% | +88.8% | -11.1% | -29.3% | -34.6% | -69.2% | -42.1% | -37.1% | -41.2% | -21.8% | +8.2% | +9.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '27 | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| — | +58.6% | +13.5% | +2.3% | -2.1% | +23.4% | +9.1% | +8.2% | -1.0% | -25.9% | -22.8% | -26.8% | -27.3% | -28.0% | -16.2% | -12.5% | -10.5% | -12.7% | -28.1% | -32.7% | -27.8% | |
| Debt / EBITDA | 0.08 | 0.43 | 0.36 | 0.30 | 0.34 | 0.41 | 0.32 | 0.38 | 0.37 | 0.30 | 0.34 | 0.38 | 0.42 | 0.52 | 0.84 | 0.52 | 0.48 | 0.59 | 0.40 | 0.43 | 0.40 |
| — | +4.6% | +12.9% | -21.0% | -8.1% | +36.1% | -6.9% | -0.7% | -11.0% | -41.6% | -59.6% | -26.4% | -12.5% | -11.0% | +110.0% | +21.4% | +19.9% | +31.2% | -9.6% | -28.0% | -26.0% | |
| Current Ratio | 4.89 | 5.46 | 4.74 | 4.89 | 7.53 | 5.57 | 4.60 | 4.51 | 6.36 | 5.01 | 4.29 | 4.24 | 5.64 | 4.35 | 4.16 | 3.94 | 4.91 | 4.20 | 3.73 | 3.70 | 4.95 |
| — | -2.1% | +2.9% | +8.3% | +18.4% | +11.1% | +7.4% | +6.3% | +12.6% | +15.2% | +3.0% | +7.6% | +15.0% | +3.7% | +11.7% | +6.7% | -1.0% | +5.7% | +6.0% | +14.5% | +11.6% | |
| Quick Ratio | 4.89 | 5.46 | 4.74 | 4.89 | 7.53 | 5.57 | 4.60 | 4.51 | 6.36 | 5.01 | 4.29 | 4.24 | 5.64 | 4.35 | 4.16 | 3.94 | 4.91 | 4.20 | 3.73 | 3.70 | 4.95 |
| — | -2.1% | +2.9% | +8.3% | +18.4% | +11.1% | +7.4% | +6.3% | +12.6% | +15.2% | +3.0% | +7.6% | +15.0% | +3.7% | +11.7% | +6.7% | -1.0% | +5.7% | +6.0% | +14.5% | +11.6% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying VEEV stock.
Veeva Systems Inc.'s current P/E is 57.1x. The average P/E over the last 4 quarters is 35.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Veeva Systems Inc.'s current operating margin is 28.7%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Veeva Systems Inc.'s business trajectory between earnings reports.