Current Liabilities
Deferred Revenue
Veeva Systems Deferred Revenue increased by 81.0% to $1.49B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 16.9%, from $1.27B to $1.49B. Over 5 years (FY 2021 to FY 2026), Deferred Revenue shows an upward trend with a 19.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ4 2018
Last reportedQ1 2026
How to read this metric
An increase is generally positive, signaling strong future demand and cash collection, while a decrease indicates the fulfillment of obligations.
Detailed definition
This represents payments received from customers for goods or services that have not yet been delivered or performed. It...
Peer comparison
Common in subscription and long-term contract businesses; highly indicative of future revenue visibility.
Metric ID:
deferred_revenue_currentHistorical Data
20 periods
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $608.67M | $558.72M | $417.76M | $731.75M | $723.72M | $684.64M | $510.10M | $869.29M | $869.92M | $836.50M | $644.46M | $1.05B | $1.03B | $956.38M | $739.66M | $1.27B | $1.25B | $1.11B | $822.47M | $1.49B |
| QoQ Change | — | -8.2% | -25.2% | +75.2% | -1.1% | -5.4% | -25.5% | +70.4% | +0.1% | -3.8% | -23.0% | +62.9% | -1.9% | -7.1% | -22.7% | +72.2% | -2.2% | -11.1% | -25.7% | +81.0% |
| YoY Change | — | — | — | — | +18.9% | +22.5% | +22.1% | +18.8% | +20.2% | +22.2% | +26.3% | +20.8% | +18.3% | +14.3% | +14.8% | +21.4% | +21.1% | +15.8% | +11.2% | +16.9% |
Range$417.76M – $1.49B
CAGR+20.7%
Avg YoY Growth+19.1%
Median YoY Growth+19.6%
Product Breakdown
| Segment | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|
| Subscription services | $1.51B | $1.49B | $1.35B | $1.19B | $1.66B | $1.23B | $1.09B | $813.00M |
| Total | $731.75M | $723.72M | $684.64M | $510.10M | $869.29M | $869.92M | $836.50M | $644.46M |
Deferred Revenue at Other Companies
Frequently Asked Questions
- What is Veeva Systems's deferred revenue?
- Veeva Systems (VEEV) reported deferred revenue of $1.49B in Q4 2025.
- How has Veeva Systems's deferred revenue changed year-over-year?
- Veeva Systems's deferred revenue increased by 16.9% year-over-year, from $1.27B to $1.49B.
- What is the long-term trend for Veeva Systems's deferred revenue?
- Over 5 years (2021 to 2026), Veeva Systems's deferred revenue has grown at a 19.3% compound annual growth rate (CAGR), from $616.99M to $1.49B.
- What does deferred revenue mean?
- Cash received from customers for work that has not yet been completed.