Veeva Systems Inc (VEEV)

Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America. The company offers Veeva Commercial Cloud comprising Veeva Vault CRM Suite for pharmaceutical and biotechnology companies; Veeva Medical that provides source of medical content across multiple channels and geographies; Veeva PromoMats, an end-to-end content and digital asset management solution; and Veeva Crossix, an analytics platform for pharmaceutical brands. It also provides Veeva Data Cloud, such as Veeva OpenData, a customer reference data solution; Veeva Link, which provides deep data; Veeva Compass, which includes de-identified and longitudinal patient data; and Veeva CRM Pulse that provides access and multichannel engagement metrics. In addition, the company offers Veeva Development Cloud consisting of Veeva Clinical Platform, which advances clinical trial execution; Veeva Clinical Data Management that helps sponsors and CROs design and run trials; Veeva Safety, which unifies systems and processes; Veeva RIM that provides regulatory information management capabilities, as well as Veeva Quality Cloud, which is used by the life sciences and consumer products industries; and Veeva Business Consulting services. Further, it provides professional and support services, including implementation and deployment planning, and project management; requirements analysis, solution design, and configuration; systems environment management and deployment; services focused on advancing or transforming business and operating processes; technical consulting services on data migration and systems integrations; training; and ongoing managed services, such as outsourced systems administration. The company was formerly known as Verticals onDemand, Inc. and changed its name to Veeva Systems Inc. in April 2009. Veeva Systems Inc. was incorporated in 2007 and is headquartered in Pleasanton, California.

Symbol
VEEV
Exchange
NYSE
Sector
Healthcare
Industry
Health Information Services
Market cap
$42.22B
52 week range
148.05 - 310.5

Valuation

Share price
$270.75 (close of 2026-09-23)
P/E (TTM)
42.08x
Price to book
5.68x
Price to free cash flow
25.35x
Enterprise value
$40.56B
Book value per share
$45.92

Price performance

PeriodChange
1 day+3.61%
5 days+1.55%
1 month+9.22%
3 months+69.53%
6 months+46.17%
Year to date+21.29%
1 year-2.90%
3 years+33.28%
5 years-9.35%
10 years+550.22%
All time+628.61%

Profitability and growth

Return on equity
12.60%
Return on invested capital
10.71%
Return on assets
10.12%
Return on capital employed
12.48%
Gross margin
75.53%
Net margin
28.44%
EBITDA margin
28.68%
Revenue growth
16.34%
Net income growth
27.27%
Free cash flow growth
29.83%

Cash flow and balance sheet

Free cash flow yield (TTM)
3.94%
Current ratio
5.46x
Net debt to EBITDA
-1.54x

Latest reported year

Period end
2026-01-31
Fiscal year
2026
Revenue
$3.20B
Cost of revenue
$782.02M
Gross profit
$2.41B
EBITDA
$916.37M
Net income
$908.91M
Earnings per share
$5.55
Research and development
$767.39M
Shares outstanding
163.67M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2026-01-31$3.20B$2.41B$908.91M$5.55
2025-01-31$2.75B$2.05B$714.14M$4.41
2024-01-31$2.36B$1.69B$525.71M$3.27
2023-01-31$2.16B$1.55B$487.71M$3.14
2022-01-31$1.85B$1.35B$427.39M$2.79
2021-01-31$1.47B$1.06B$380.00M$2.52
2020-01-31$1.10B$800.71M$301.12M$2.04
2019-01-31$862.21M$616.93M$229.83M$1.59
2018-01-31$690.56M$479.14M$151.18M$1.08
2017-01-31$550.54M$376.86M$77.57M$0.57

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2026-01-3175.53%28.44%12.60%10.71%
2025-01-3174.53%26.00%12.24%10.15%
2024-01-3171.35%22.24%11.32%9.18%
2023-01-3171.72%22.63%13.12%15.14%
2022-01-3172.79%23.09%14.68%23.01%
2021-01-3172.09%25.94%16.77%22.76%
2020-01-3172.52%27.27%18.08%22.00%
2019-01-3171.55%26.66%18.57%31.17%
2018-01-3169.38%21.89%16.68%99.35%
2017-01-3168.45%14.09%11.44%47.65%

Cash and debt by year

Period endCash
2026-01-31$1.42B
2025-01-31$1.12B
2024-01-31$703.49M
2023-01-31$886.47M
2022-01-31$1.14B
2021-01-31$730.50M
2020-01-31$476.73M
2019-01-31$550.97M
2018-01-31$761.96M
2017-01-31$518.87M

Free cash flow by year

Period endFree cash flowStock-based compensation
2026-01-31$1.42B$472.70M
2025-01-31$1.09B$437.35M
2024-01-31$911.34M$393.73M
2023-01-31$780.47M$351.91M
2022-01-31$764.46M$234.64M
2021-01-31$551.25M$185.00M
2020-01-31$434.26M$115.91M
2019-01-31$302.39M$76.42M
2018-01-31$223.81M$54.05M
2017-01-31$137.09M$40.80M

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-08-26Jul/2026$1.62
2026-06-03--
2026-03-04--
2025-11-20--
2025-08-27--
2025-05-28--
2025-03-05--
2024-12-05--

Filings and sources

Company website
veeva.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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