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Veeva Systems VEEV Deferred contract costs

Deferred contract costs at other companies

Workday, Inc. logo
Workday, Inc.WDAY
$619M+13.8%
Accenture logo
AccentureACN
$1.14B+15.4%
Veeva Systems logo
Veeva SystemsVEEV
$28.69M+8.7%
KEE
Keel InfrastructureKEEL
$1.67M
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ArriVent BioPharma, Inc.AVBP
$69K
Anterix logo
AnterixATEX
$29.07M+0.4%

Other financials

Income statement

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Revenue$882.9M+16.3%
Gross profit$662.0M+13.1%
Operating income$273.1M+16.8%
Net income$260.9M+14.4%
EPS (diluted)$1.57+14.6%

Balance sheet

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Cash & equivalents$1.9B-3.5%
Total debt$103.1M+33.5%
Total equity$7.3B+17.6%
Total assets$9.1B+17.6%

Cash flow

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Operating cash flow$1.1B+28.5%
CapEx$2.3M
Free cash flow$110.6M

Valuation

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Market cap$34.68B-24.9%
Enterprise value$32.89B-25.8%
P/E36.8×-20.2×
P/S10.5×-5.1×

Profitability

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Gross margin75%-0.5pp
Operating margin28.8%+1.8pp
Net margin28.4%+1.0pp
FCF margin37.2%

Returns & leverage

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Return on equity13.9%-0.1pp
Debt / equity0.0×
Current ratio4.7×+0.1×

Where this comes from

Reported directly by Veeva Systems in its filing.

Tagged under the XBRL concept us-gaap:DeferredCosts.

The source filing: Veeva Systems’s 10-Q, filed June 5, 2026.

Filed
Jun 5, 2026, 4:06 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001393052-26-000026
Line itemApril 30,2026January 31,2026
Prepaid expenses and other current assets122,770126,470
Total current assets8,063,2617,997,630
Property and equipment, net73,48470,261
Deferred costs, net28,68629,961
Lease right-of-use assets82,06075,626
Goodwill488,161439,877
Intangible assets, net55,50830,314
Deferred income taxes272,665273,417

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Veeva Systems's deferred contract costs?
Veeva Systems (VEEV) reported deferred contract costs of $28.69M in Q1 2026.
How has Veeva Systems's deferred contract costs changed year-over-year?
Veeva Systems's deferred contract costs increased by 8.7% year-over-year, from $26.4M to $28.69M.
What is the long-term trend for Veeva Systems's deferred contract costs?
Over 5 years (2021 to 2026), Veeva Systems's deferred contract costs has grown at a -6.6% compound annual growth rate (CAGR), from $42.07M to $29.96M.
What does deferred contract costs mean?
These are incremental costs of obtaining a contract, such as sales commissions, that are capitalized and amortized over the expected period of benefit. This reflects the long-term investment made to acquire customers in the enterprise software market. It is a key indicator of the efficiency of the company's sales and marketing engine.

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