VEEVA SYSTEMS INC. financials
Source: EDGAR filings · Built 2026-06-02T04:18:51Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| EBITDA | — | — | 454.33M | 484.09M | 531.50M | 406.79M |
| Working Capital | 6.36B | 4.91B | 3.82B | 2.96B | 2.27B | 1.59B |
| Net Debt | -1.33B | -1.04B | -647.71M | -825.49M | -1.08B | -667.76M |
| Gross Margin | 75.53% | 74.53% | 71.35% | 71.72% | 72.79% | 72.09% |
| Operating Margin | 28.68% | 25.17% | 18.16% | 21.30% | 27.31% | 25.79% |
| Net Margin | 28.45% | 26.00% | 22.24% | 22.63% | 23.09% | 25.94% |
| Return on Equity (ROE) | 12.60% | 12.24% | 11.32% | 13.12% | 14.68% | 16.77% |
| Return on Assets (ROA) | 10.12% | 9.73% | 8.89% | 10.15% | 11.20% | 12.47% |
| Current Ratio | 4.89× | 4.51× | 4.24× | 3.94× | 3.70× | 3.23× |
| Debt-to-Equity | 0.01× | 0.01× | 0.01× | 0.02× | 0.02× | 0.03× |
| Effective Tax Rate | 23.91% | 22.32% | 10.60% | 4.20% | 16.58% | 3.55% |
| Cash Conversion Ratio | 1.56× | 1.53× | 1.73× | 1.60× | 1.79× | 1.45× |
| Accruals Ratio | -0.06× | -0.05× | -0.07× | -0.06× | -0.09× | -0.06× |
| SBC % of Revenue | 14.79% | 15.92% | 16.66% | 16.33% | 12.68% | 12.63% |
Valuation Metrics
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 37.49× | 54.00× | 64.41× | 56.85× | 89.94× | 117.14× |
| EV / EBITDA | — | — | 72.19× | 55.52× | 70.18× | 107.59× |
| P/S | 10.45× | 13.81× | 14.15× | 12.86× | 20.74× | 30.33× |
| P/B | 4.63× | 6.50× | 7.20× | 7.45× | 13.18× | 19.61× |
Income Statement
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 3.20B | 2.75B | 2.36B | 2.16B | 1.85B | 1.47B |
| Cost of Goods and Services Sold | 782.02M | 699.64M | 677.29M | 609.40M | 503.68M | 408.93M |
| Gross Profit | 2.41B | 2.05B | 1.69B | 1.55B | 1.35B | 1.06B |
| Research and Development Expense | 767.39M | 693.08M | 629.03M | 520.28M | 382.04M | 294.22M |
| Operating Expenses | 1.50B | 1.36B | 1.26B | 1.09B | 841.60M | 678.35M |
| Operating Income (Loss) | 916.37M | 691.43M | 429.33M | 459.09M | 505.50M | 377.79M |
| Income Tax Expense (Benefit) | 285.60M | 205.24M | 62.32M | 21.39M | 84.92M | 13.99M |
| Net Income (Loss) Attributable to Parent | 908.91M | 714.14M | 525.71M | 487.71M | 427.39M | 380.00M |
| Earnings Per Share, Basic | $5.55 | $4.41 | $3.27 | $3.14 | $2.79 | $2.52 |
| Weighted Average Number of Shares Outstanding, Basic | 163.67M | 161.88M | 160.53M | 155.38M | 153.25M | 150.67M |
| Earnings Per Share, Diluted | $5.44 | $4.32 | $3.22 | $3.00 | $2.63 | $2.36 |
| Weighted Average Number of Shares Outstanding, Diluted | 167.00M | 165.23M | 163.49M | 162.44M | 162.28M | 160.73M |
Balance Sheet
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 1.42B | 1.12B | 703.49M | 886.47M | 1.14B | 730.50M |
| Assets, Current | 8.00B | 6.31B | 5.00B | 3.97B | 3.11B | 2.31B |
| Assets | 8.98B | 7.34B | 5.91B | 4.80B | 3.82B | 3.05B |
| Liabilities, Current | 1.64B | 1.40B | 1.18B | 1.01B | 840.78M | 715.95M |
| Liabilities | 1.76B | 1.51B | 1.27B | 1.09B | 904.83M | 779.75M |
| Stockholders' Equity Attributable to Parent | 7.21B | 5.83B | 4.64B | 3.72B | 2.91B | 2.27B |
| Common Stock, Shares, Outstanding | 163.78M | 162.58M | 161.26M | — | — | — |
Cash Flow Statement
| Concept | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 1.42B | 1.09B | 911.34M | 780.47M | 764.46M | 551.25M |
| Net Cash Provided by (Used in) Investing Activities | -1.10B | -700.14M | -1.08B | -1.01B | -346.15M | -333.63M |
| Payments for Repurchase of Common Stock | 169.95M | 0 | 0 | — | — | — |
| Net Cash Provided by (Used in) Financing Activities | -9.33M | 26.11M | -16.19M | -19.38M | -4.14M | 33.82M |
Derived Metrics
| Concept | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Working Capital | 6.36B | 6.17B | 5.74B | 5.25B | 4.91B | 4.59B |
| Net Debt | -1.33B | -1.57B | -1.84B | -1.89B | -1.04B | -972.81M |
| Gross Margin | 74.46% | 75.41% | 75.26% | 77.10% | 74.89% | 75.06% |
| Operating Margin | 29.41% | 29.69% | 24.83% | 30.79% | 26.14% | 25.94% |
| Net Margin | 29.21% | 29.12% | 25.39% | 30.06% | 27.14% | 26.57% |
| Return on Equity (ROE) | 3.38% | 3.35% | 3.02% | 3.67% | 3.35% | 3.38% |
| Return on Assets (ROA) | 2.72% | 2.92% | 2.50% | 2.94% | 2.67% | 2.88% |
| Current Ratio | 4.89× | 7.53× | 5.57× | 4.60× | 4.51× | 6.36× |
| Debt-to-Equity | 0.01× | 0.01× | 0.01× | 0.01× | 0.01× | 0.01× |
| Effective Tax Rate | 23.09% | 24.48% | 24.52% | 23.64% | 20.20% | 23.31% |
| Cash Conversion Ratio | 0.44× | 5.54× | 5.57× | 3.84× | 0.36× | 5.49× |
| Accruals Ratio | 0.02× | -0.13× | -0.11× | -0.08× | 0.02× | -0.13× |
| SBC % of Revenue | 14.15% | 43.69% | 29.68% | 14.78% | 15.98% | 46.07% |
Valuation Metrics
| Concept | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 37.49× | 56.76× | 58.48× | 49.62× | 54.00× | 51.56× |
| P/S | 10.45× | 15.54× | 15.69× | 13.34× | 13.81× | 12.75× |
| P/B | 4.63× | 6.80× | 7.02× | 6.13× | 6.50× | 6.16× |
Income Statement
| Concept | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 835.95M | 811.24M | 789.08M | 759.04M | 720.89M | 699.21M |
| Cost of Goods and Services Sold | 213.48M | 199.47M | 195.25M | 173.82M | 180.99M | 174.39M |
| Gross Profit | 622.47M | 611.77M | 593.83M | 585.22M | 539.89M | 524.82M |
| Research and Development Expense | 198.79M | 191.88M | 192.68M | 184.03M | 181.53M | 172.41M |
| Operating Expenses | 376.60M | 370.92M | 397.92M | 351.49M | 351.47M | 343.46M |
| Operating Income (Loss) | 245.88M | 240.85M | 195.91M | 233.73M | 188.42M | 181.35M |
| Income Tax Expense (Benefit) | 73.33M | 76.58M | 65.06M | 70.63M | 49.51M | 56.48M |
| Net Income (Loss) Attributable to Parent | 244.20M | 236.20M | 200.31M | 228.19M | 195.63M | 185.81M |
| Earnings Per Share, Basic | $1.49 | $1.44 | $1.23 | $1.40 | $1.20 | $1.15 |
| Weighted Average Number of Shares Outstanding, Basic | 163.67M | 164.05M | 163.50M | 162.75M | 161.88M | 161.99M |
| Earnings Per Share, Diluted | $1.48 | $1.40 | $1.19 | $1.37 | $1.17 | $1.13 |
| Weighted Average Number of Shares Outstanding, Diluted | 167.00M | 168.94M | 167.69M | 166.23M | 165.23M | 164.98M |
Balance Sheet
| Concept | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 1.42B | 1.66B | 1.93B | 1.96B | 1.12B | 1.04B |
| Assets, Current | 8.00B | 7.11B | 6.99B | 6.71B | 6.31B | 5.45B |
| Assets | 8.98B | 8.10B | 8.00B | 7.77B | 7.34B | 6.45B |
| Liabilities, Current | 1.64B | 944.88M | 1.26B | 1.46B | 1.40B | 857.00M |
| Liabilities | 1.76B | 1.06B | 1.36B | 1.55B | 1.51B | 951.45M |
| Stockholders' Equity Attributable to Parent | 7.21B | 7.04B | 6.64B | 6.21B | 5.83B | 5.50B |
| Common Stock, Shares, Outstanding | 163.78M | 164.34M | 163.88M | 162.98M | 162.58M | 162.16M |
Cash Flow Statement
| Concept | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 106.85M | 1.31B | 1.12B | 877.16M | 69.54M | 1.02B |
| Net Cash Provided by (Used in) Investing Activities | -167.75M | -936.61M | -441.38M | -52.11M | -15.69M | -684.45M |
| Net Cash Provided by (Used in) Financing Activities | -178.05M | 168.72M | 136.07M | 20.38M | 20.81M | 5.30M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (VEEV CIK 0001393052),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.