Tax

State & Local Tax (Current)

Veeva Systems State & Local Tax (Current) remained flat by 0.0% to $11.05M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 29.8%, from $15.74M to $11.05M. Over 4 years (FY 2022 to FY 2026), State & Local Tax (Current) shows an upward trend with a 36.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement
SectionTax
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ4 2025

How to read this metric

Increases may reflect expansion into higher-tax jurisdictions or changes in regional tax legislation.

Detailed definition

The portion of the total income tax provision that is currently payable to state and local government jurisdictions. Thi...

Peer comparison

Standard tax disclosure for companies with significant domestic regional footprints.

Metric ID: msft_current_state_and_local_tax_expense

Historical Data

5 years
 FY'22FY'23FY'24FY'25FY'26
Value$12.58M$29.78M$29.36M$62.95M$44.20M
YoY Change—+136.7%-1.4%+114.4%-29.8%
Range$12.58M – $62.95M
CAGR+36.9%
Avg YoY Growth+55.0%
Median YoY Growth+56.5%

Frequently Asked Questions

What is Veeva Systems's state & local tax (current)?
Veeva Systems (VEEV) reported state & local tax (current) of $11.05M in Q4 2025.
How has Veeva Systems's state & local tax (current) changed year-over-year?
Veeva Systems's state & local tax (current) decreased by 29.8% year-over-year, from $15.74M to $11.05M.
What is the long-term trend for Veeva Systems's state & local tax (current)?
Over 4 years (2022 to 2026), Veeva Systems's state & local tax (current) has grown at a 36.9% compound annual growth rate (CAGR), from $12.58M to $44.20M.
What does state & local tax (current) mean?
The amount of state and local income tax currently owed for the period.