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Veeva Systems VEEV Amortization of deferred costs

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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$35.38B-23.4%
Enterprise value$33.58B-24.3%
P/E37.6×-19.5×
P/S10.7×-4.9×

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 veev:AmortizationOfDeferredCostsExcludingRightOfUseAssets.

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 itemThree months ended April 30, 20262025
Reduction of lease right-of-use assets3,2793,265
Accretion of discount on short-term investments(1,788)(2,509)
Stock-based compensation119,259112,210
Amortization of deferred costs4,9004,043
Deferred income taxes14,337(27,418)
Other, net(1,777)4,327
Changes in operating assets and liabilities:
Accounts receivable696,614522,686

ITEM 1. FINANCIAL STATEMENTS.

FAQ

What is Veeva Systems's amortization of deferred costs?
Veeva Systems (VEEV) reported amortization of deferred costs of $4.9M in Q1 2026.
How has Veeva Systems's amortization of deferred costs changed year-over-year?
Veeva Systems's amortization of deferred costs increased by 21.2% year-over-year, from $4.04M to $4.9M.
What is the long-term trend for Veeva Systems's amortization of deferred costs?
Over 4 years (2022 to 2026), Veeva Systems's amortization of deferred costs has grown at a -10.9% compound annual growth rate (CAGR), from $26.05M to $16.42M.
What does amortization of deferred costs mean?
This represents the systematic recognition of costs that were previously deferred, such as contract acquisition costs or implementation expenses. It reflects the timing difference between when cash is spent and when the associated expense is recognized in the income statement.

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