Veeva Systems Inc. (VEEV) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q2'22 |
|---|
| Sales/Revenue | 882.95M | 835.95M | 811.24M | 789.08M | 759.04M | 720.89M | 699.21M | 676.18M | 650.35M | 630.62M | 616.5M | 590.23M | 526.33M | 563.39M | 552.35M | 534.22M | 505.1M | 485.5M | 476.11M | 455.59M |
| Revenue Growth % | 16.32% | 15.96% | 16.02% | 16.7% | 16.71% | 14.31% | 13.41% | 14.56% | 23.56% | 11.93% | 11.61% | 10.48% | 4.2% | 16.04% | 16.01% | 17.26% | 16.5% | 22.37% | 26.12% | 28.81% |
| Cost of Goods Sold | 223.25M | 213.48M | 199.47M | 195.25M | 173.82M | 180.99M | 174.39M | 170.37M | 173.88M | 173.93M | 167.68M | 169.02M | 166.66M | 164.31M | 153.91M | 151.67M | 139.51M | 135.88M | 129.56M | 122.1M |
| COGS % of Revenue | 25.29% | 25.54% | 24.59% | 24.74% | 22.9% | 25.11% | 24.94% | 25.2% | 26.74% | 27.58% | 27.2% | 28.64% | 31.67% | 29.17% | 27.86% | 28.39% | 27.62% | 27.99% | 27.21% | 26.8% |
| Gross Profit | 659.69M | 622.47M | 611.77M | 593.83M | 585.22M | 539.89M | 524.82M | 505.81M | 476.46M | 456.69M | 448.82M | 421.21M | 359.66M | 399.07M | 398.44M | 382.55M | 365.59M | 349.62M | 346.55M | 333.5M |
| Gross Margin % | 74.71% | 74.46% | 75.41% | 75.26% | 77.1% | 74.89% | 75.06% | 74.8% | 73.26% | 72.42% | 72.8% | 71.36% | 68.33% | 70.83% | 72.14% | 71.61% | 72.38% | 72.01% | 72.79% | 73.2% |
| Gross Profit Growth % | 12.73% | 15.3% | 16.57% | 17.4% | 22.83% | 18.22% | 16.93% | 20.09% | 32.47% | 14.44% | 12.64% | 10.11% | -1.62% | 14.15% | 14.98% | 14.71% | 15.17% | 23.58% | 26.24% | 30.03% |
| Operating Expenses | 386.58M | 376.6M | 370.92M | 397.92M | 351.49M | 351.47M | 343.46M | 339.32M | 321.29M | 321.43M | 320.33M | 317.16M | 298.13M | 290.15M | 277.04M | 281.46M | 237.91M | 229.9M | 213.84M | 208.87M |
| OpEx % of Revenue | 43.78% | 45.05% | 45.72% | 50.43% | 46.31% | 48.76% | 49.12% | 50.18% | 49.4% | 50.97% | 51.96% | 53.74% | 56.64% | 51.5% | 50.16% | 52.69% | 47.1% | 47.35% | 44.91% | 45.85% |
| Selling, General & Admin | 178.26M | 177.81M | 179.03M | 205.24M | 167.45M | 169.94M | 171.05M | 162.89M | 158.58M | 157.86M | 159.06M | 159.93M | 151.17M | 147.61M | 146.78M | 147.45M | 124.44M | 124.63M | 115.2M | 113.97M |
| SG&A % of Revenue | 20.19% | 21.27% | 22.07% | 26.01% | 22.06% | 23.57% | 24.46% | 24.09% | 24.38% | 25.03% | 25.8% | 27.1% | 28.72% | 26.2% | 26.57% | 27.6% | 24.64% | 25.67% | 24.2% | 25.02% |
| Research & Development | 208.32M | 198.79M | 191.88M | 192.68M | 184.03M | 181.53M | 172.41M | 176.43M | 162.71M | 163.54M | 161.28M | 157.23M | 146.96M | 142.54M | 130.26M | 134.01M | 113.47M | 105.28M | 98.64M | 94.9M |
| R&D % of Revenue | 23.59% | 23.78% | 23.65% | 24.42% | 24.25% | 25.18% | 24.66% | 26.09% | 25.02% | 25.93% | 26.16% | 26.64% | 27.92% | 25.3% | 23.58% | 25.08% | 22.47% | 21.68% | 20.72% | 20.83% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 273.11M | 245.88M | 240.85M | 195.91M | 233.73M | 188.42M | 181.35M | 166.49M | 155.17M | 135.26M | 128.49M | 104.05M | 61.53M | 108.92M | 121.4M | 101.09M | 127.67M | 119.72M | 132.71M | 124.62M |
| Operating Margin % | 30.93% | 29.41% | 29.69% | 24.83% | 30.79% | 26.14% | 25.94% | 24.62% | 23.86% | 21.45% | 20.84% | 17.63% | 11.69% | 19.33% | 21.98% | 18.92% | 25.28% | 24.66% | 27.87% | 27.35% |
| Operating Income Growth % | 16.85% | 30.49% | 32.81% | 17.67% | 50.63% | 39.3% | 41.14% | 60.01% | 152.19% | 24.18% | 5.84% | 2.93% | -51.81% | -9.02% | -8.52% | -18.88% | -0.6% | 21.12% | 31% | 38.35% |
| EBITDA | 287.98M | 317.54M | 260.8M | 206.03M | 243.55M | 198.35M | 191.28M | 177.51M | 163.67M | 144.97M | 136.85M | 112.14M | 69.08M | 116.6M | 128.56M | 108.32M | 134.73M | 126.76M | 139.61M | 131.5M |
| EBITDA Margin % | 32.62% | 37.99% | 32.15% | 26.11% | 32.09% | 27.52% | 27.36% | 26.25% | 25.17% | 22.99% | 22.2% | 19% | 13.12% | 20.7% | 23.28% | 20.28% | 26.67% | 26.11% | 29.32% | 28.86% |
| EBITDA Growth % | 18.24% | 60.09% | 36.34% | 16.07% | 48.81% | 36.82% | 39.77% | 58.3% | 136.93% | 24.33% | 6.45% | 3.52% | -48.73% | -8.01% | -7.91% | -17.63% | -0.25% | 20.06% | 28.28% | 35.02% |
| D&A (Non-Cash Add-back) | 14.87M | 0 | 19.95M | 10.13M | 9.82M | 9.93M | 9.93M | 11.02M | 8.5M | 9.71M | 8.36M | 8.09M | 7.55M | 7.68M | 7.16M | 7.23M | 7.06M | 7.04M | 6.9M | 6.88M |
| EBIT | 347.53M | 317.54M | 312.79M | 265.36M | 298.82M | 245.13M | 242.29M | 225.06M | 206.9M | 182.69M | 170.68M | 142.88M | 91.78M | 135.36M | 133.86M | 109.49M | 130.38M | 119.48M | 133.53M | 126.29M |
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 74.42M | 71.66M | 71.93M | 69.46M | 65.09M | 56.71M | 60.94M | 58.57M | 51.73M | 47.43M | 42.19M | 38.83M | 30.25M | 26.44M | 12.46M | 8.4M | 2.71M | -239K | 824K | 1.67M |
| Pretax Income | 347.53M | 317.54M | 312.79M | 265.36M | 298.82M | 245.13M | 242.29M | 225.06M | 206.9M | 182.69M | 170.68M | 142.88M | 91.78M | 135.36M | 133.86M | 109.49M | 130.38M | 119.48M | 133.53M | 126.29M |
| Pretax Margin % | 39.36% | 37.99% | 38.56% | 33.63% | 39.37% | 34% | 34.65% | 33.28% | 31.81% | 28.97% | 27.68% | 24.21% | 17.44% | 24.03% | 24.23% | 20.5% | 25.81% | 24.61% | 28.05% | 27.72% |
| Income Tax | 86.59M | 73.33M | 76.58M | 65.06M | 70.63M | 49.51M | 56.48M | 54.02M | 45.24M | 35.3M | 35.52M | 31.25M | -39.74M | -53.17M | 25.41M | 18.89M | 30.27M | 22.38M | 27.66M | 17.43M |
| Effective Tax Rate % | 24.92% | 23.09% | 24.48% | 24.52% | 23.64% | 20.2% | 23.31% | 24% | 21.86% | 19.32% | 20.81% | 21.87% | -43.3% | -39.28% | 18.98% | 17.25% | 23.21% | 18.73% | 20.72% | 13.8% |
| Net Income | 260.94M | 244.2M | 236.2M | 200.31M | 228.19M | 195.63M | 185.81M | 171.04M | 161.66M | 147.4M | 135.16M | 111.63M | 131.52M | 188.53M | 108.46M | 90.6M | 100.11M | 97.1M | 105.87M | 108.86M |
| Net Margin % | 29.55% | 29.21% | 29.12% | 25.39% | 30.06% | 27.14% | 26.57% | 25.3% | 24.86% | 23.37% | 21.92% | 18.91% | 24.99% | 33.46% | 19.64% | 16.96% | 19.82% | 20% | 22.24% | 23.89% |
| Net Income Growth % | 14.35% | 24.83% | 27.12% | 17.11% | 41.15% | 32.72% | 37.47% | 53.22% | 22.92% | -21.82% | 24.62% | 23.21% | 31.37% | 94.17% | 2.44% | -16.77% | -13.37% | -5.66% | 9.19% | 16.36% |
| Net Income (Continuing) | 260.94M | 244.2M | 236.2M | 200.31M | 228.19M | 195.63M | 185.81M | 171.04M | 161.66M | 147.4M | 135.16M | 111.63M | 131.52M | 188.53M | 108.46M | 90.6M | 100.11M | 97.1M | 105.87M | 108.86M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.57 | 1.45 | 1.40 | 1.19 | 1.37 | 1.17 | 1.13 | 1.04 | 0.98 | 0.90 | 0.83 | 0.68 | 0.81 | 1.16 | 0.67 | 0.56 | 0.62 | 0.60 | 0.65 | 0.67 |
| EPS Growth % | 14.6% | 23.93% | 23.89% | 14.42% | 39.8% | 30% | 36.14% | 52.94% | 20.99% | -22.41% | 23.88% | 21.43% | 30.65% | 93.33% | 3.08% | -16.42% | -12.68% | -6.25% | 8.33% | 15.52% |
| EPS (Basic) | 1.60 | 1.49 | 1.44 | 1.23 | 1.40 | 1.20 | 1.15 | 1.06 | 1.00 | 0.92 | 0.84 | 0.70 | 0.82 | 1.20 | 0.70 | 0.58 | 0.65 | 0.63 | 0.69 | 0.71 |
| Diluted Shares Outstanding | 165.99M | 168.26M | 167.95M | 167.27M | 166.23M | 165.67M | 164.98M | 164.56M | 164.39M | 164.07M | 163.76M | 163.28M | 162.52M | 162.1M | 162.29M | 162.13M | 161.93M | 162.68M | 163.03M | 162.76M |
| Basic Shares Outstanding | 163.34M | 164.34M | 163.68M | 163.13M | 162.75M | 162.39M | 161.99M | 161.71M | 161.42M | 161.09M | 160.77M | 160.4M | 159.85M | 156.51M | 155.39M | 154.95M | 154.51M | 153.94M | 153.51M | 153.09M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |