Veeva Systems Inc. (VEEV) Revenue History
Annual and quarterly revenue from 2012 to present
VEEV Revenue Over Time (2012–2026)
VEEV Revenue Growth History
14 of 14 years with positive growth- FY2012 revenue growth
- N/A
- FY2013 revenue growth
- +111.5%
- FY2014 revenue growth
- +62.2%
- FY2015 revenue growth
- +49.0%
- FY2016 revenue growth
- +30.6%
- FY2017 revenue growth
- +32.9%
- FY2018 revenue growth
- +26.9%
- FY2019 revenue growth
- +24.9%
- FY2020 revenue growth
- +28.1%
- FY2021 revenue growth
- +32.7%
- FY2022 revenue growth
- +26.3%
- FY2023 revenue growth
- +16.4%
- FY2024 revenue growth
- +9.7%
- FY2025 revenue growth
- +16.2%
- FY2026 revenue growth
- +16.3%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2027 | $928.0M | +17.6% |
| Q1 2027 | $882.9M | +16.3% |
| Q4 2026 | $836.0M | +16.0% |
| Q3 2026 | $811.2M | +16.0% |
| Q2 2026 | $789.1M | +16.7% |
| Q1 2026 | $759.0M | +16.7% |
| Q4 2025 | $720.9M | +14.3% |
| Q3 2025 | $699.2M | +13.4% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2026)
VEEV's revenue distribution by segment and geography for fiscal year 2026
By Product/Segment
By Geography
VEEV Revenue Analysis (2012–2026)
Current Revenue & Growth
As of September 23, 2026, Veeva Systems Inc. (VEEV) generated trailing twelve-month (TTM) revenue of $3.46 billion, reflecting strong growth of +17.6% year-over-year. The most recent quarter (Q2 2027) recorded $928.0 million in revenue, up 5.1% sequentially.
Historical Growth Trajectory
VEEV's 5-year compound annual growth rate (CAGR) stands at +16.9%, indicating consistent double-digit revenue growth. The 3-year CAGR of +14.0% is below the 5-year average, signalling a growth deceleration in recent years. Veeva Systems Inc.'s highest annual revenue of $3.20 billion was recorded in 2026, an all-time high.
Revenue by Segment
VEEV's revenue is primarily driven by Subscription Services Veeva Commercial Cloud (87%), and Professional Services Veeva Commercial Cloud (13%). With over half of revenue concentrated in Subscription Services Veeva Commercial Cloud, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Healthcare sector peers — including CRM (+11.2% YoY), DOCS (+11.2% YoY), and MEDP (+24.7% YoY) — VEEV has outperformed the peer group in revenue growth. Compare VEEV vs CRM →
VEEV Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| VEEVCurrent | $3.5B | +17.6% | +16.9% | 28.7% | |
 CRM | $41.5B | +11.2% | +14.3% | 21.5% | |
 DOCS | $645M | +11.2% | +25.5% | 33.3% | |
 MEDP | $2.5B | +24.7% | +22.3% | 21.1% | |
 HUBS | $3.1B | +21.1% | +28.8% | 0.4% | |
 DSGX | $745M | +13.5% | +16.4% | 32.3% |
VEEV Historical Revenue Data (2012–2026)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $3.20B | +16.3% | $2.41B | 75.5% | $916.4M | 28.7% |
| 2025 | $2.75B | +16.2% | $2.05B | 74.5% | $691.4M | 25.2% |
| 2024 | $2.36B | +9.7% | $1.69B | 71.3% | $429.3M | 18.2% |
| 2023 | $2.16B | +16.4% | $1.55B | 71.7% | $459.1M | 21.3% |
| 2022 | $1.85B | +26.3% | $1.35B | 72.8% | $505.5M | 27.3% |
| 2021 | $1.47B | +32.7% | $1.06B | 72.1% | $377.8M | 25.8% |
| 2020 | $1.10B | +28.1% | $800.7M | 72.5% | $286.2M | 25.9% |
| 2019 | $862.2M | +24.9% | $616.9M | 71.6% | $222.9M | 25.8% |
| 2018 | $690.6M | +26.9% | $479.1M | 69.4% | $157.9M | 22.9% |
| 2017 | $544.0M | +32.9% | $370.4M | 68.1% | $120.7M | 22.2% |
| 2016 | $409.2M | +30.6% | $267.0M | 65.2% | $78.6M | 19.2% |
| 2015 | $313.2M | +49.0% | $197.6M | 63.1% | $70.0M | 22.3% |
| 2014 | $210.2M | +62.2% | $127.5M | 60.7% | $39.3M | 18.7% |
| 2013 | $129.5M | +111.5% | $72.5M | 56.0% | $30.0M | 23.2% |
| 2012 | $61.3M | - | $32.2M | 52.6% | $6.6M | 10.8% |
VEEV Chart Terminal
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
VEEV — Frequently Asked Questions
Quick answers to the most common questions about buying VEEV stock.
Is VEEV's revenue growth accelerating or slowing?
VEEV revenue growth is accelerating. TTM revenue reached $3.5B, up +17.6% year-over-year — ahead of the 5-year CAGR of +16.9%. This indicates the business is expanding faster than its historical baseline.
What is VEEV's revenue history from 2012 to 2026?
Veeva Systems Inc. (VEEV) revenue history spans 2012 to 2026. TTM revenue as of 2026 is $3.5B, growing at +17.6% YoY. The 5-year CAGR is +16.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is VEEV's long-term revenue growth rate (CAGR)?
Veeva Systems Inc.'s 5-year revenue CAGR of +16.9% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +17.6% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for VEEV.
Why does VEEV's quarterly revenue fluctuate?
VEEV quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Veeva Systems Inc.'s revenue data from 2012 to 2026 shows full historical quarterly detail on this page.
How is VEEV's revenue distributed by segment?
VEEV reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does VEEV's revenue compare to industry peers?
Veeva Systems Inc. (VEEV) with TTM revenue of $3.5B and +17.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.