What is Veeva Systems's revenue?

Veeva Systems (VEEV) generated $3.3B in revenue over the trailing twelve months, up 16.3% year over year.

Is Veeva Systems profitable?

Veeva Systems reported $941.7M in net income over the trailing twelve months, a 28.4% net margin.

What are Veeva Systems's profit margins?

Gross margin is 75.0% and operating margin is 28.8%, with a 28.4% net margin.

What is Veeva Systems's earnings per share?

Veeva Systems's diluted EPS over the trailing twelve months is $5.64.

Where does Veeva Systems's income statement data come from?

Every line is extracted from Veeva Systems's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Veeva Systems VEEV Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '27	Q4 '26	Q3 '26	Q2 '26	Q1 '26
Total revenue	$882.95M+16.3%	$835.95M+16.0%	$811.24M+16.0%	$789.08M+16.7%	$759.04M+16.7%
Total cost of revenue	$220.92M+27.1%	$213.48M+17.9%	$199.47M+14.4%	$195.25M+14.6%	$173.82M0.0%
Gross profit	$662.02M+13.1%	$622.47M+15.3%	$611.77M+16.6%	$593.83M+17.4%	$585.22M+22.8%
Gross margin	75%-2.1pp	74.5%-0.4pp	75.4%+0.4pp	75.3%+0.5pp	77.1%+3.8pp
Research and development	$208.32M+13.2%	$198.79M+9.5%	$191.88M+11.3%	$192.68M+9.2%	$184.03M+13.1%
Selling and marketing	$111.12M+12.7%	$110.18M+11.1%	$110.55M+12.0%	$109.44M+7.8%	$98.63M+1.4%
General and administrative	$69.47M+0.9%	$67.63M-4.4%	$68.48M-5.4%	$95.8M+56.1%	$68.83M+12.3%
Compensation and benefits	$119.26M+6.3%	$118.26M+2.7%	$120.27M+2.0%	$121.97M+12.5%	$112.21M+17.0%
Occupancy and equipment	$5M+25.0%	$4M0.0%	$4M+33.3%	$4M+33.3%	$4M0.0%
Goodwill impairment	——	$0—	$0—	$0—	$0—
Impairment charges	——	$0—	$0—	$0—	$0—
Other operating expenses	$388.91M+10.6%	$376.6M+7.1%	$370.92M+8.0%	$397.92M+17.3%	$351.49M+9.4%
Total operating expenses	$388.91M+10.6%	$376.6M+7.1%	$370.92M+8.0%	$397.92M+17.3%	$351.49M+9.4%
Operating income	$273.11M+16.8%	$245.88M+30.5%	$240.85M+32.8%	$195.91M+17.7%	$233.73M+50.6%
Operating margin	30.9%+0.1pp	29.4%+3.3pp	29.7%+3.8pp	24.8%+0.2pp	30.8%+6.9pp
Other income (expense), net	$74.42M+14.3%	$71.66M+26.4%	$71.93M+18.0%	$69.46M+18.6%	$65.09M+25.8%
Net investment gains (losses)	——	$383.75K+147%	$383.75K+147%	$383.75K+147%	$383.75K+147%
Income before income taxes	$347.53M+16.3%	$317.54M+29.5%	$312.79M+29.1%	$265.36M+17.9%	$298.82M+44.4%
Income tax expense	$86.59M+22.6%	$73.33M+48.1%	$76.58M+35.6%	$65.06M+20.4%	$70.63M+56.1%
Net income	$260.94M+14.4%	$244.2M+24.8%	$236.2M+27.1%	$200.31M+17.1%	$228.19M+41.2%
Net margin	29.6%-0.5pp	29.2%+2.1pp	29.1%+2.5pp	25.4%+0.1pp	30.1%+5.2pp
Diluted earnings per share	$1.57+14.6%	$1.48+26.5%	$1.40+23.9%	$1.19+14.4%	$1.37+39.8%
Basic earnings per share	$1.60+14.3%	$1.49+24.2%	$1.44+25.2%	$1.23+16.0%	$1.40+40.0%
Weighted-average shares, diluted	166M-0.1%	167M+1.1%	168.9M+2.4%	167.7M+1.9%	166.2M+1.1%
Weighted-average shares, basic	163.3M+0.4%	163.7M+1.1%	164M+1.3%	163.5M+1.1%	162.7M+0.8%
Amortization Of Deferred Charges	$5M+25.0%	$4M0.0%	$4M0.0%	$4M0.0%	$4M0.0%
Interest Income (Expense), Nonoperating	——	$66.8M+28.5%	$66.8M+28.5%	$66.8M+28.5%	$66.8M+28.5%
Accretion (Amortization) of Discounts and Premiums, Investments	$1.79M-28.7%	$3.08M-23.0%	$2.08M-66.4%	$2.03M-74.9%	$2.51M-59.4%
Share-Based Payment Arrangement, Decrease for Tax Withholding Obligation	$42.98M+111%	$21.57M+9.4%	$25.21M+41.5%	$26.37M+58.6%	$20.41M-18.2%
Share-based compensation expense related to employee stock plans	$119.26M+5.5%	$119.32M+2.3%	$121.49M+1.8%	$122.72M+12.1%	$113.01M+13.7%
Amortization of deferred costs	$4.9M+21.2%	$4.25M+5.7%	$3.97M+2.9%	$4.16M+8.2%	$4.04M+6.3%
Amortization of capitalized software and acquired intangible assets	$3M-25.0%	$2M-60.0%	$4M-20.0%	$4M-20.0%	$4M-20.0%
Stock options excluded as their inclusion would be anti-dilutive (in shares)	11.2M+57.6%	9.5M+10.9%	2.6M-74.3%	7.3M-19.6%	7.1M+138%
Capitalized Contract Cost Impairment Loss	$0—	$0—	$0—	$0—	$0—
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	$475.35M-43.8%	——	——	——	$846.2M+71.4%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$232.98M-5.1%	$242.45M+25.2%	$248.11M+34.2%	$189.4M-3.4%	$245.52M+73.3%
Revenue recognized that was included in deferred income at the beginning of the period	$606M+17.0%	$136M+19.3%	$581M+18.1%	$556M+19.3%	$518M+17.7%
Federal	——	$40.11M-34.2%	$40.11M-34.2%	$40.11M-34.2%	$40.11M-34.2%
Foreign	——	$3.97M+45.5%	$3.97M+45.5%	$3.97M+45.5%	$3.97M+45.5%
Current State And Local Tax Expense Benefit	——	$11.05M-29.8%	$11.05M-29.8%	$11.05M-29.8%	$11.05M-29.8%
Federal	——	$15.13M+167%	$15.13M+167%	$15.13M+167%	$15.13M+167%
Deferred Foreign Income Tax Expense Benefit	——	-$886.75K+3.3%	-$886.75K+3.3%	-$886.75K+3.3%	-$886.75K+3.3%
Deferred taxes	$14.34M+152%	$14.91M+171%	$18.49M+159%	$59.12M+278%	-$27.42M-3.3%
Deferred Income Tax Expense Benefit1	——	$16.27M+158%	$16.27M+158%	$16.27M+158%	$16.27M+158%
State	——	$2.03M+144%	$2.03M+144%	$2.03M+144%	$2.03M+144%
Defined Contribution Plan Cost Recognized	——	$4.5M+80.0%	$4.5M+80.0%	$4.5M+80.0%	$4.5M+80.0%
Effect of exchange rate changes on cash, cash equivalents and restricted cash	-$532K-169%	$48K+112%	——	$599K—	$766K+161%
Effective tax rates	$0.25+5.5%	——	$0.25+5.2%	$0.25+2.1%	$0.24+7.8%
Income taxes at U.S. statutory rate of 21%	——	$0.050.0%	$0.050.0%	$0.050.0%	$0.050.0%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Percent	——	-0.1%—	——	——	——
Effective Income Tax Rate Reconciliation, Cross-Border, Other, Amount	——	$202.5K—	$202.5K—	$202.5K—	$202.5K—
Other	——	0.1%—	——	——	——
Effective Income Tax Rate Reconciliation, FDII, Amount	——	$3.28M-57.1%	$3.28M-57.1%	$3.28M-57.1%	$3.28M-57.1%
Effective Income Tax Rate Reconciliation, FDII, Percent	——	1.1%—	——	——	——
Foreign operations	——	0.1%—	——	——	——
162(m) limited executive compensation	——	1.2%—	——	——	——
162(m) limited executive compensation	——	$3.63M—	$3.63M—	$3.63M—	$3.63M—
Other	——	$0—	$0—	$0—	$0—
Share-based compensation	——	2.7%—	——	——	——
Effective Income Tax Rate Reconciliation, Release Of Income Tax Reserves	——	——	——	——	——
Excess tax benefits associated with employee equity plans (in percent)	——	-1.4%—	——	——	——
State income taxes – net of federal income tax benefit	——	$0.01—	$0.01—	$0.01—	$0.01—
Changes in unrecognized tax benefits	——	-0.1%—	——	——	——
Effective Income Tax Rate Reconciliation Tax Credits Research	——	1.9%—	——	——	——
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Percent	——	0.1%—	——	——	——
Excess tax benefits from employee stock plans	-$4.09M-259%	$1.97M-47.7%	$7.69M+757%	$13.03M+1,042%	$2.58M-17.4%
Foreign Currency Transaction Gain Loss Realized	$2M+129%	-$2M—	$0—	$0—	-$7M-450%
Unrealized Gain (Loss), Foreign Currency Transaction, before Tax	$2M+129%	-$2M—	$0—	$0—	-$7M-450%
Goodwill impairment losses	——	$0—	$0—	$0—	$0—
Impairment Of Long Lived Assets Held For Use	——	$0—	$0—	$0—	$0—
Income Loss From Continuing Operations Before Income Taxes Domestic	——	$285.13M+28.1%	$285.13M+28.1%	$285.13M+28.1%	$285.13M+28.1%
Income Loss From Continuing Operations Before Income Taxes Foreign	——	$13.5M+84.1%	$13.5M+84.1%	$13.5M+84.1%	$13.5M+84.1%
Federal taxes	——	$39.88M—	$39.88M—	$39.88M—	$39.88M—
Foreign	——	$3.96M—	$3.96M—	$3.96M—	$3.96M—
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	——	-$163.75K-118%	-$163.75K-118%	-$163.75K-118%	-$163.75K-118%
Income Tax Reconciliation Foreign Income Tax Rate Differential	——	$376.25K—	$376.25K—	$376.25K—	$376.25K—
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	——	$62.71M+29.9%	$62.71M+29.9%	$62.71M+29.9%	$62.71M+29.9%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Amount	——	$76.5K—	$76.5K—	$76.5K—	$76.5K—
Share-based compensation	——	$8.03M-9.8%	$8.03M-9.8%	$8.03M-9.8%	$8.03M-9.8%
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount	——	-$110.75K—	-$110.75K—	-$110.75K—	-$110.75K—
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount	——	$10.33M-3.1%	$10.33M-3.1%	$10.33M-3.1%	$10.33M-3.1%
Changes in unrecognized tax benefits	——	-$414.25K—	-$414.25K—	-$414.25K—	-$414.25K—
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Amount	——	$159.75K—	$159.75K—	$159.75K—	$159.75K—
Effective Income Tax Rate Reconciliation, Tax Credit, Research, Amount	——	$5.69M—	$5.69M—	$5.69M—	$5.69M—
Income Taxes Paid, Net	$7.2M-48.0%	$65.06M-21.7%	$38.23M-49.8%	$112.83M-28.8%	$13.85M+228%
Accounts payable	$4.47M-42.2%	$2.89M+221%	——	——	$7.74M+2,665%
Increase (Decrease) in Accounts Receivable	-$696.61M-33.3%	$945.72M+24.4%	-$107.98M+0.7%	-$70.35M-2,626%	-$522.69M-6.7%
Increase Decrease In Accrued Income Taxes Payable	$61.2M-25.7%	——	——	-$87.71M-33.0%	$82.35M+37.9%
Accrued liabilities	$8.92M+202%	$6.24M—	-$27.02M-472%	$32.48M+500%	-$8.72M-436%
Increase (Decrease) in Deferred Charges	$3.63M-10.6%	$8.91M+12.9%	$3.37M+15.0%	$3.67M+10.4%	$4.06M+5.2%
Deferred revenue	-$32.96M+20.3%	$679.17M+23.7%	-$285.23M-31.2%	-$139.53M-92.8%	-$41.36M-32.2%
Short- and long-term operating lease liabilities	-$2.46M+3.3%	$0+100%	-$870K+64.7%	-$2.76M+8.8%	-$2.54M-54.8%
Increase (decrease) in all other liabilities	$1.35M+3.3%	——	$1.4M+47.8%	$1.33M-19.6%	$1.31M+18.6%
Increase (Decrease) in Prepaid Expense and Other Assets	$7.98M+77.4%	$27.02M+43.6%	——	$16.73M—	$4.5M+155%
Increase Decrease In Unbilled Accounts Receivable	$9.14M+19.2%	——	$7.2M+19.2%	$1.92M+190%	$7.67M+219%
(Amortization) accretion on investments	——	$2.11M-62.6%	$2.11M-62.6%	$2.11M-62.6%	$2.11M-62.6%
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	-$262.53M-1,388%	-$178.05M-956%	$32.65M+152%	$115.69M+1,107%	$20.38M+432%
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	-$388.71M-646%	-$167.75M-969%	-$495.23M-66.1%	-$389.27M-242%	-$52.11M+80.9%
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	$1.13B+28.5%	$106.85M+53.6%	$192.79M+17.5%	$238.43M+157%	$877.16M+14.9%
Number of operating segments	10.0%	——	——	——	1—
Number of reportable segments	10.0%	——	——	——	1—
Number of reporting units	——	0.30.0%	0.30.0%	0.30.0%	0.30.0%
Occupancy and Related Charges	$5M+25.0%	$4M0.0%	$4M+33.3%	$4M+33.3%	$4M0.0%
Operating Lease Payments	$3.61M+7.3%	$0-100%	$2.61M-15.9%	$3.63M0.0%	$3.36M+49.1%
Operating lease right-of-use assets amortization expense	$3.28M+0.4%	$3.09M-3.3%	$3.09M+8.8%	$3.05M+12.0%	$3.27M+17.3%
Foreign currency translation	-$501K-1,218%	-$766K-61.3%	-$372K-155%	$390K+475%	-$38K+96.7%
Other comprehensive income/(loss)	-$27.95M-261%	——	$11.91M+1,447%	-$10.91M-144%	$17.33M+187%
Net unrealized gains (losses) on securities still held	-$27.45M-258%	$0—	$12.28M+1,764%	-$11.3M-145%	$17.37M+192%
Other Depreciation and Amortization	$11.59M+18.0%	$8.32M-16.3%	$9.71M-2.3%	$10.13M-8.1%	$9.82M+15.6%
Miscellaneous income	——	$233.5K+52.9%	$233.5K+52.9%	$233.5K+52.9%	$233.5K+52.9%
Other income, net (Note 6)	$74.42M+14.3%	$71.66M+26.4%	$71.93M+18.0%	$69.46M+18.6%	$65.09M+25.8%
All other operating activities	-$1.78M-141%	$3.82M+129%	$852K+244%	-$5.74M—	$4.33M+365%
Payments for Repurchase of Common Stock	$226.95M—	——	——	——	$0—
Payments for Software	$1.75M-70.4%	$7.03M+48.9%	$9.89M+132%	$6.3M+107%	$5.91M-30.3%
Payment, Tax Withholding, Share-Based Payment Arrangement	$38.52M+90.4%	$21.97M+11.9%	$25.05M+44.7%	$26M+45.4%	$20.23M-17.8%
Payments to Acquire Debt Securities, Available-for-Sale	$982.32M+47.3%	$746.89M+98.9%	$933.34M+14.6%	$785.76M+27.9%	$667.1M-14.2%
Payments to Acquire Businesses, Net of Cash Acquired	$75.48M—	——	——	——	$0—
Proceeds from sales and redemptions of investments in debt securities classified as available for sale	$670.84M+8.0%	$586.17M+60.8%	$447.99M-13.9%	$402.79M-20.0%	$620.9M+20.8%
Cash received from option exercises	$2.94M-92.8%	$13.87M-65.7%	$57.7M+90.6%	$141.69M+2,114%	$40.61M+42.8%
Gross realized gains (losses)	——	$383.75K+147%	$383.75K+147%	$383.75K+147%	$383.75K+147%
Revenue From Contract With Customer Excluding Assessed Tax	$882.95M+16.3%	$835.95M+16.0%	$811.24M+16.0%	$789.08M+16.7%	$759.04M+16.7%
Right Of Use Asset Obtained In Exchange For Operating Lease Liability	$12.16M+308%	$4.78M-49.1%	$5.23M-72.4%	$11.04M+480%	$2.98M+392%
Stock-based compensation	$119.26M+6.3%	$118.26M+2.7%	$120.27M+2.0%	$121.97M+12.5%	$112.21M+17.0%
Weighted-average grant date fair value of stock options (in dollars per share)	$79.15-18.3%	$97.93+21.4%	$126.62+28.4%	$122.04+85.5%	$96.83-4.4%
Granted (in shares)	97.3K-95.4%	2.3M-52.5%	——	——	2.1M+11.7%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures in Period	92K+5.9%	386.2K-35.6%	——	——	86.8K-34.4%
Intrinsic value of stock options exercised	$1M-93.8%	$6M-73.9%	$34M+386%	$64M+2,033%	$16M+33.3%
Options canceled (in dollars per share)	$216.62+1.9%	$209.76+0.4%	——	——	$212.68+2.0%
Granted (in shares)	$175.42-18.1%	$216.48-4.4%	——	——	$214.08-0.3%
Exercised (in shares)	$151.04-9.7%	$184.75+17.8%	——	——	$167.26+5.2%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period	19.4K-92.0%	1.4M+104%	——	——	242.7K+35.8%
Stock Issued During Period, Value, Stock Options Exercised	$2.94M-92.8%	$13.87M-65.7%	$57.7M+90.6%	$141.69M+2,114%	$40.61M+42.8%
Value of shares repurchased	$222.6M+395%	$44.99M—	$44.99M—	$44.99M—	$44.99M—
Average price paid (in dollars per share)	$176.17—	$224.43—	——	——	——
Number of shares purchased (in shares)	1.3M—	801.7K—	——	——	——
Treasury stock, value, acquired	$221.1M+392%	$44.98M—	$44.98M—	$44.98M—	$44.98M—
Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions	——	$7.25K-71.3%	$7.25K-71.3%	$7.25K-71.3%	$7.25K-71.3%
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions	——	$1.16M+9.4%	$1.16M+9.4%	$1.16M+9.4%	$1.16M+9.4%
Additions for tax positions of prior years	——	$146K+29,100%	$146K+29,100%	$146K+29,100%	$146K+29,100%
Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations	——	$762.75K-31.9%	$762.75K-31.9%	$762.75K-31.9%	$762.75K-31.9%
Add: dilutive effect of potential common shares (in shares)	$2.64M-24.0%	——	$4.89M+63.3%	$4.19M+46.7%	$3.48M+17.1%
EBIT	$347.53M-4.9%	$384.34M+29.4%	$379.59M+29.0%	$332.17M+19.9%	$365.63M+41.2%
EBITDA	$362.12M-4.6%	$394.66M+26.5%	$393.3M+27.2%	$346.29M+18.2%	$379.45M+39.3%
EBITDA	$362.12M-4.6%	$394.66M+26.5%	$393.3M+27.2%	$346.29M+18.2%	$379.45M+39.3%
EBITDA margin	41%-9.0pp	47.2%+3.9pp	48.5%+4.3pp	43.9%+0.5pp	50%+8.1pp
EBIT	$347.53M-4.9%	$384.34M+29.4%	$379.59M+29.0%	$332.17M+19.9%	$365.63M+41.2%

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Questions, answered.

What is Veeva Systems's revenue?: Veeva Systems (VEEV) generated $3.3B in revenue over the trailing twelve months, up 16.3% year over year.
Is Veeva Systems profitable?: Veeva Systems reported $941.7M in net income over the trailing twelve months, a 28.4% net margin.
What are Veeva Systems's profit margins?: Gross margin is 75.0% and operating margin is 28.8%, with a 28.4% net margin.
What is Veeva Systems's earnings per share?: Veeva Systems's diluted EPS over the trailing twelve months is $5.64.
Where does Veeva Systems's income statement data come from?: Every line is extracted from Veeva Systems's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.