VEEV
Veeva Systems Inc Class A
NYSE: VEEV · HEALTHCARE · HEALTH INFORMATION SERVICES
$158.22
-0.17% today
Updated 2026-04-29
Market cap
$26.01B
P/E ratio
29.08
P/S ratio
8.14x
EPS (TTM)
$5.44
Dividend yield
—
52W range
$148 – $311
Volume
2.1M
Veeva Systems Inc Class A (VEEV) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $29.13M | $61.26M | $129.55M | $210.15M | $313.22M | $409.22M | $544.04M | $690.56M | $862.21M | $1.10B | $1.47B | $1.85B | $2.16B | $2.36B | $2.75B | $3.20B |
| Revenue growth (YoY) | — | +110.3% | +111.5% | +62.2% | +49.0% | +30.6% | +32.9% | +26.9% | +24.9% | +28.1% | +32.7% | +26.3% | +16.4% | +9.7% | +16.2% | +16.3% |
| Cost of revenue | $12.32M | $29.06M | $57.02M | $82.60M | $115.66M | $142.21M | $173.68M | $211.44M | $245.28M | $303.37M | $408.93M | $503.68M | $609.40M | $677.29M | $699.64M | $782.02M |
| Gross profit | $16.81M | $32.21M | $72.53M | $127.55M | $197.56M | $267.01M | $370.36M | $479.14M | $616.93M | $800.71M | $1.06B | $1.35B | $1.55B | $1.69B | $2.05B | $2.41B |
| Gross margin | 57.7% | 52.6% | 56.0% | 60.7% | 63.1% | 65.2% | 68.1% | 69.4% | 71.6% | 72.5% | 72.1% | 72.8% | 71.7% | 71.3% | 74.5% | 75.5% |
| R&D | $3.64M | $7.75M | $14.64M | $26.33M | $41.16M | $65.98M | $96.75M | $132.05M | $158.78M | $209.90M | $294.22M | $382.04M | $520.28M | $629.03M | $693.08M | $767.39M |
| SG&A | $2.51M | $5.54M | $8.37M | $20.41M | $30.24M | $41.46M | $48.80M | $60.41M | $86.41M | $114.27M | $149.11M | $171.51M | $217.59M | $246.54M | $265.74M | $300.74M |
| Operating income | $5.09M | $6.64M | $30.03M | $39.30M | $69.97M | $78.59M | $120.69M | $157.93M | $222.87M | $286.22M | $377.79M | $505.50M | $459.09M | $429.33M | $691.43M | $916.37M |
| Operating margin | 17.5% | 10.8% | 23.2% | 18.7% | 22.3% | 19.2% | 22.2% | 22.9% | 25.8% | 25.9% | 25.8% | 27.3% | 21.3% | 18.2% | 25.2% | 28.7% |
| EBITDA | $5.31M | $7.04M | $30.82M | $41.71M | $73.89M | $87.05M | $134.51M | $179.47M | $236.94M | $306.08M | $407.25M | $505.50M | $488.21M | $461.96M | $730.82M | $916.37M |
| EBITDA margin | 18.2% | 11.5% | 23.8% | 19.8% | 23.6% | 21.3% | 24.7% | 26.0% | 27.5% | 27.7% | 27.8% | 27.3% | 22.7% | 19.5% | 26.6% | 28.7% |
| EBIT | $5.09M | $6.64M | $30.03M | $39.30M | $69.97M | $78.59M | $120.69M | $165.77M | $223.54M | $286.22M | $377.79M | $468.53M | $450.55M | $429.33M | $691.43M | — |
| Interest expense | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $27.48M | $16.20M | — | — | — | — | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $3.91M | $4.23M | $3.48M | $23.61M | $40.38M | $54.46M | $77.57M | $151.18M | $229.83M | $301.12M | $380.00M | $427.39M | $487.71M | $525.71M | $714.14M | $908.91M |
| Net income growth (YoY) | — | +8.2% | -17.7% | +578.6% | +71.0% | +34.9% | +42.4% | +94.9% | +52.0% | +31.0% | +26.2% | +12.5% | +14.1% | +7.8% | +35.8% | +27.3% |
| Profit margin | 13.4% | 6.9% | 2.7% | 11.2% | 12.9% | 13.3% | 14.3% | 21.9% | 26.7% | 27.3% | 25.9% | 23.1% | 22.6% | 22.2% | 26.0% | 28.4% |