Veeva Systems Inc. (VEEV) Revenue History
Annual and quarterly revenue from 2015 to 2026
Compound Annual Growth Rate (CAGR)
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VEEV Revenue Growth
Revenue Breakdown (FY 2025)
VEEV's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
VEEV Revenue Analysis (2015–2026)
As of May 8, 2026, Veeva Systems Inc. (VEEV) generated trailing twelve-month (TTM) revenue of $3.20 billion, reflecting strong growth of +16.0% year-over-year. The most recent quarter (Q4 2026) recorded $836.0 million in revenue, up 3.0% sequentially.
Looking at the longer-term picture, VEEV's 5-year compound annual growth rate (CAGR) stands at +16.9%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $3.20 billion in 2026, representing a new all-time high.
Revenue diversification analysis shows VEEV's business is primarily driven by Subscription Services Veeva Research And Development (43%), Subscription Services Veeva Commercial Cloud (40%), and Professional Services Veeva Research And Development (10%).
When compared to Healthcare sector peers including CRM (+9.6% YoY), DOCS (+15.9% YoY), and MEDP (+24.2% YoY), VEEV has underperformed the peer group in terms of 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 | $3.2B | +16.0% | +16.9% | 28.7% | |
 CRM | $41.5B | +9.6% | +14.3% | 21.5% | |
 DOCS | $570M | +15.9% | +37.4% | 39.9% | |
 MEDP | $2.5B | +24.2% | +22.3% | 21.1% | |
 HUBS | $3.1B | +21.0% | +28.8% | 0.4% | |
 DSGX | $745M | +12.2% | +16.4% | 32.3% |
VEEV Historical Revenue Data (2015–2026)
| 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% |
Full VEEV Stock Analysis
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Start ComparisonVEEV — Frequently Asked Questions
Quick answers to the most common questions about buying VEEV stock.
Is VEEV's revenue growth accelerating or slowing?
VEEV revenue is accelerating at +16.0% year-over-year, exceeding the 5-year CAGR of +16.9%. TTM revenue reached $3.2B. Growth momentum has increased versus prior periods.
What is VEEV's long-term revenue growth rate?
Veeva Systems Inc.'s 5-year revenue CAGR of +16.9% reflects the sustained expansion pattern. Current YoY growth of +16.0% is above this long-term average.
How is VEEV's revenue distributed by segment?
VEEV reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2015-2026 are available for download. Segment mix reveals concentration and diversification trends.