Veeva Systems Inc. logo

Veeva Systems Inc.

VEEV

NYSETechnologySoftware - Application

Previous close

$247.9

−$2.63 · -1.05%

Aug 21, 4:00 PM ET

VEEV company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

73

Undervalued

Momentum

43

Neutral

Sentiment

76

Bullish

Risk resilience

47

Elevated Risk

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Company profile

Company website

Veeva Systems Inc. is a leading provider of cloud-based software solutions, exclusively dedicated to the global life sciences industry. Its extensive operational presence spans across North America, Europe, the Asia Pacific region, the Middle East, Africa, and Latin America. The company's product portfolio is primarily structured around two major offerings. First, the Veeva Commercial Cloud delivers an integrated suite of software, data, and analytics tools designed to optimize commercial operations. This includes vital applications such as Veeva Customer Relationship Management (CRM) and its specialized Medical CRM, Veeva Closed Loop Marketing (CLM), sophisticated analytics via Veeva CRM MyInsights, approved email communication with Veeva CRM Approved Email, digital engagement tools like Veeva CRM Engage, commercial alignment through Veeva Align, event management capabilities with Veeva CRM Events Management, data warehousing solutions (Veeva Nitro), data services (Veeva OpenData, Veeva Link), master data management (Veeva Network), advanced analytical insights (Veeva Crossix, Veeva Data Cloud), and patient engagement platforms (MyVeeva for Patients). Secondly, Veeva Vault provides a robust collection of cloud-native enterprise content and data management applications. These applications are engineered to support both critical commercial functions—encompassing sales, marketing, and medical content and communications—and comprehensive research and development processes, including clinical trials, regulatory compliance, quality management, and patient safety. Beyond its software, Veeva offers a wide array of professional and support services. These range from strategic implementation and deployment planning, project management, and detailed requirements analysis to solution design and configuration. They also include system environment management and deployment, expert consulting for business process transformation related to Veeva solutions, technical guidance on data migration and systems integrations, comprehensive training programs, and ongoing managed services such as outsourced systems administration. Tracing its origins, the company was incorporated in 2007 as Verticals onDemand, Inc., and subsequently rebranded to Veeva Systems Inc. in April 2009. Its corporate headquarters are situated in Pleasanton, California.

Industry
Software - Application
Sector
Technology
Headquarters
US
CEO
Peter Gassner
Listed since
Oct 16, 2013
Employees
7,928

Market position

Day range

Current $247.9

52-week range

Current $247.9

Open
$250.74
Previous close
$250.53
Volume
892.32K
0.33× average
Average volume
2.69M
Average daily volume
Market cap
40.27B USD
Beta
0.92
Market reference 1
50-day average
$197.66
+25.41% above average
200-day average
$199.75
+24.11% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
32.05B USD
EV / EBITDA
25.74×
Earnings yield
2.72%
Free cash flow yield
4.15%

Profitability & efficiency

Return on equity
12.60%
Return on assets
10.12%
Return on invested capital
9.48%

Financial health

Current ratio
4.89×
Altman Z-score
15.6
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends81%58%35%12%Gross margin, FY2022: 72.79%Gross margin, FY2023: 71.72%Gross margin, FY2024: 71.35%Gross margin, FY2025: 74.53%Gross margin, FY2026: 75.53%Operating margin, FY2022: 27.31%Operating margin, FY2023: 21.30%Operating margin, FY2024: 18.16%Operating margin, FY2025: 25.17%Operating margin, FY2026: 28.68%Net margin, FY2022: 23.09%Net margin, FY2023: 22.63%Net margin, FY2024: 22.24%Net margin, FY2025: 26.00%Net margin, FY2026: 28.44%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 72.79%. Gross margin FY2023 71.72%. Gross margin FY2024 71.35%. Gross margin FY2025 74.53%. Gross margin FY2026 75.53%. Operating margin FY2022 27.31%. Operating margin FY2023 21.30%. Operating margin FY2024 18.16%. Operating margin FY2025 25.17%. Operating margin FY2026 28.68%. Net margin FY2022 23.09%. Net margin FY2023 22.63%. Net margin FY2024 22.24%. Net margin FY2025 26.00%. Net margin FY2026 28.44%.

Income trends

Revenue

3.2B USD+16.34%

Operating income

916.37M USD+32.53%

Net income

908.91M USD+27.27%
Income trends across reported periods3.47B USD2.36B USD1.26B USD150.6M USDRevenue, FY2022: 1.85B USDRevenue, FY2023: 2.16B USDRevenue, FY2024: 2.36B USDRevenue, FY2025: 2.75B USDRevenue, FY2026: 3.2B USDOperating income, FY2022: 505.5M USDOperating income, FY2023: 459.09M USDOperating income, FY2024: 429.33M USDOperating income, FY2025: 691.44M USDOperating income, FY2026: 916.37M USDNet income, FY2022: 427.39M USDNet income, FY2023: 487.71M USDNet income, FY2024: 525.71M USDNet income, FY2025: 714.14M USDNet income, FY2026: 908.91M USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 1.85B USD. Revenue FY2023 2.16B USD. Revenue FY2024 2.36B USD. Revenue FY2025 2.75B USD. Revenue FY2026 3.2B USD. Operating income FY2022 505.5M USD. Operating income FY2023 459.09M USD. Operating income FY2024 429.33M USD. Operating income FY2025 691.44M USD. Operating income FY2026 916.37M USD. Net income FY2022 427.39M USD. Net income FY2023 487.71M USD. Net income FY2024 525.71M USD. Net income FY2025 714.14M USD. Net income FY2026 908.91M USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue3.2B USD2.75B USD2.36B USD2.16B USD1.85B USD
Cost of goods sold782.02M USD699.64M USD677.29M USD609.41M USD503.68M USD
Gross profit2.41B USD2.05B USD1.69B USD1.55B USD1.35B USD
Research and development767.39M USD693.08M USD629.03M USD520.28M USD382.04M USD
Selling, general, and administrative729.54M USD662.47M USD628.02M USD566.29M USD459.57M USD
Operating expenses1.5B USD1.36B USD1.26B USD1.09B USD841.6M USD
Interest income207.99M USD133.75M USD45.86M USD14.73M USD
Depreciation and amortization50.47M USD39.38M USD32.63M USD29.12M USD27.45M USD
Operating income916.37M USD691.44M USD429.33M USD459.09M USD505.5M USD
Net income908.91M USD714.14M USD525.71M USD487.71M USD427.39M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+6.85%
11 comparable reports
Latest EPS result
2.24
Estimate 2.14 · Beat by 4.67%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates2.332.051.771.49Q4 '24BeatQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 5, 2024: actual 1.75, estimate 1.58, surprise +10.76%, Beat. Q1 2025, reported Mar 5, 2025: actual 1.74, estimate 1.6, surprise +8.75%, Beat. Q2 2025, reported May 28, 2025: actual 1.97, estimate 1.74, surprise +13.22%, Beat. Q3 2025, reported Aug 27, 2025: actual 1.99, estimate 1.9, surprise +4.74%, Beat. Q4 2025, reported Nov 20, 2025: actual 2.04, estimate 1.95, surprise +4.62%, Beat. Q1 2026, reported Mar 4, 2026: actual 2.06, estimate 1.94, surprise +6.19%, Beat. Q2 2026, reported Jun 3, 2026: actual 2.24, estimate 2.14, surprise +4.67%, Beat. Q3 2026, reported Aug 26, 2026: actual —, estimate 2.22, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates941.6M843.78M745.97M648.16MQ4 '24BeatQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Dec 5, 2024: actual 699.21M USD, estimate 684.38M USD, surprise +2.17%, Beat. Q1 2025, reported Mar 5, 2025: actual 720.89M USD, estimate 699.23M USD, surprise +3.10%, Beat. Q2 2025, reported May 28, 2025: actual 759.04M USD, estimate 728.4M USD, surprise +4.21%, Beat. Q3 2025, reported Aug 27, 2025: actual 789.08M USD, estimate 768.45M USD, surprise +2.69%, Beat. Q4 2025, reported Nov 20, 2025: actual 811.24M USD, estimate 792.79M USD, surprise +2.33%, Beat. Q1 2026, reported Mar 4, 2026: actual 835.95M USD, estimate 810.67M USD, surprise +3.12%, Beat. Q2 2026, reported Jun 3, 2026: actual 882.95M USD, estimate 857.73M USD, surprise +2.94%, Beat. Q3 2026, reported Aug 26, 2026: actual —, estimate 905.38M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$245.4

1.01% downside
Past 12 months12-month forecastHigh $320Average $245.4Low $165

Rating distribution

43 ratings
Strong buy00%
Buy2967%
Hold1330%
Sell12%
Strong sell00%

VEEV news

VEEV peers

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Funds reporting this stock among their holdings, ordered by reported position size.

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