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.
Veeva Systems Inc.'s quarterly P/E stands at 24.8x, down 41.8% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has compressed 44.9% YoY to 20.9x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 28.18 | 24.83 | 35.16 | 52.00 | 59.71 | 42.64 | 49.84 | 46.20 | 46.14 | 50.65 | 57.61 | 58.05 | 75.08 |
| — | -41.8% | -29.5% | +12.6% | +29.4% | -15.8% | -13.5% | -20.4% | -38.6% | -8.4% | +56.7% | -7.4% | -24.8% | |
| P/S Ratio | 7.79 | 7.33 | 10.26 | 15.07 | 15.06 | 12.79 | 13.40 | 12.32 | 11.68 | 12.55 | 13.49 | 12.80 | 14.12 |
| — | -42.7% | -23.4% | +22.4% | +29.0% | +2.0% | -0.7% | -3.7% | -17.3% | -9.2% | +10.0% | +3.7% | -16.7% | |
| P/B Ratio | 3.55 | 3.54 | 4.76 | 6.95 | 7.16 | 6.25 | 6.63 | 6.26 | 6.09 | 6.68 | 7.33 | 7.21 | 8.03 |
| — | -43.3% | -28.2% | +10.9% | +17.5% | -6.3% | -9.6% | -13.1% | -24.1% | -9.6% | -1.5% | -9.6% | -28.1% | |
| P/FCF | 17.97 | — | 85.94 | 65.57 | 51.20 | 11.15 | 149.04 | 53.88 | 87.91 | 10.81 | 170.03 | 102.88 | 32.64 |
| — | — | -42.3% | +21.7% | -41.8% | +3.1% | -12.3% | -47.6% | +169.4% | -25.3% | +46.4% | +106.9% | -67.0% | |
| EV / EBITDA | 19.74 | 20.92 | 25.97 | 45.38 | 55.44 | 37.94 | 47.39 | 43.76 | 42.92 | 48.12 | 57.57 | 56.40 | 72.82 |
| — | -44.9% | -45.2% | +3.7% | +29.2% | -21.2% | -17.7% | -22.4% | -41.1% | -52.6% | +0.1% | +9.6% | -10.3% | |
| EV / EBIT | 25.73 | 17.33 | 25.97 | 37.84 | 43.05 | 30.92 | 38.35 | 34.55 | 33.85 | 38.06 | 45.68 | 45.22 | 57.15 |
| — | -43.9% | -32.3% | +9.5% | +27.2% | -18.8% | -16.0% | -23.6% | -40.8% | -50.2% | -7.8% | -8.5% | -28.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Veeva Systems Inc.'s operating margin was 30.9% in Q1 2027, up 1.5 pp QoQ and up 0.1 pp YoY. The trailing four-quarter average of 28.7% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 3.1% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.5% | 74.7% | 74.5% | 75.4% | 75.3% | 77.1% | 74.9% | 75.1% | 74.8% | 73.3% | 72.4% | 72.8% | 71.4% |
| — | -3.1% | -0.6% | +0.5% | +0.6% | +5.2% | +3.4% | +3.1% | +4.8% | +7.2% | +2.2% | +0.9% | -0.3% | |
| Operating Margin | 28.7% | 30.9% | 29.4% | 29.7% | 24.8% | 30.8% | 26.1% | 25.9% | 24.6% | 23.9% | 21.4% | 20.8% | 17.6% |
| — | +0.5% | +12.5% | +14.5% | +0.8% | +29.1% | +21.9% | +24.4% | +39.7% | +104.1% | +10.9% | -5.2% | -6.8% | |
| Net Margin | 28.4% | 29.6% | 29.2% | 29.1% | 25.4% | 30.1% | 27.1% | 26.6% | 25.3% | 24.9% | 23.4% | 21.9% | 18.9% |
| — | -1.7% | +7.7% | +9.6% | +0.4% | +20.9% | +16.1% | +21.2% | +33.7% | -0.5% | -30.2% | +11.7% | +11.5% |
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.9% | 3.6% | 3.4% | 3.5% | 3.1% | 3.8% | 3.5% | 3.5% | 3.4% | 3.4% | 3.3% | 3.2% | 2.8% |
| — | -5.1% | -0.8% | -0.7% | -8.2% | +11.7% | +5.7% | +9.8% | +23.1% | -1.3% | -38.2% | -2.7% | -3.9% | |
| ROA | 11.1% | 2.9% | 2.9% | 2.9% | 2.5% | 3.0% | 2.8% | 2.9% | 2.7% | 2.7% | 2.6% | 2.6% | 2.2% |
| — | -4.6% | +0.8% | +1.0% | -7.0% | +13.1% | +7.2% | +12.4% | +25.5% | -0.1% | -36.9% | -1.1% | -2.3% | |
| ROIC | 12.9% | 3.6% | 3.2% | 3.5% | 3.2% | 3.8% | 3.0% | 3.2% | 3.2% | 3.0% | 2.6% | 2.7% | 2.4% |
| — | -6.6% | +7.0% | +11.3% | +0.9% | +28.0% | +15.0% | +17.5% | +30.4% | +88.8% | -11.1% | -29.3% | -34.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Veeva Systems Inc.'s Debt/EBITDA ratio is 0.4x, up from 0.3x last quarter — comfortably within a safe range.
| Metric | TTM | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 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 |
| — | +13.5% | +2.3% | -2.1% | +23.4% | +9.1% | +8.2% | -1.0% | -25.9% | -22.8% | -26.8% | -27.3% | -28.0% | |
| Debt / EBITDA | 0.08 | 0.36 | 0.30 | 0.34 | 0.41 | 0.32 | 0.38 | 0.37 | 0.30 | 0.34 | 0.38 | 0.42 | 0.52 |
| — | +12.9% | -21.0% | -8.1% | +36.1% | -6.9% | -0.7% | -11.0% | -41.6% | -59.6% | -26.4% | -12.5% | -11.0% | |
| Current Ratio | 4.89 | 4.74 | 4.89 | 7.53 | 5.57 | 4.60 | 4.51 | 6.36 | 5.01 | 4.29 | 4.24 | 5.64 | 4.35 |
| — | +2.9% | +8.3% | +18.4% | +11.1% | +7.4% | +6.3% | +12.6% | +15.2% | +3.0% | +7.6% | +15.0% | +3.7% | |
| Quick Ratio | 4.89 | 4.74 | 4.89 | 7.53 | 5.57 | 4.60 | 4.51 | 6.36 | 5.01 | 4.29 | 4.24 | 5.64 | 4.35 |
| — | +2.9% | +8.3% | +18.4% | +11.1% | +7.4% | +6.3% | +12.6% | +15.2% | +3.0% | +7.6% | +15.0% | +3.7% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
Deep dive into VEEV consensus models and risk factors.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying VEEV stock.
Veeva Systems Inc.'s current P/E is 28.2x. The average P/E over the last 4 quarters is 42.9x. 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 expanding 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.