Deferred Revenue
Veeva Systems Deferred Revenue increased by 338.1% to $679.17M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 23.7%, from $548.93M to $679.17M. Over 4 years (FY 2022 to FY 2026), Deferred Revenue shows an upward trend with a 16.4% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates strong future demand and cash collection, while a decrease indicates the fulfillment of previously paid obligations.
Detailed definition
Represents the net change in payments received from customers for goods or services that have not yet been delivered or...
Peer comparison
Common in long-term contract businesses like LNG; peers with long-term take-or-pay contracts often show significant deferred revenue.
operating_increase_decrease_in_deferred_revenueHistorical Data
| 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 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$8.18M | -$49.78M | -$141.08M | $315.19M | -$7.47M | -$40.00M | -$174.54M | $362.49M | -$1.22M | -$34.86M | -$192.04M | $416.28M | -$31.29M | -$72.36M | -$217.44M | $548.93M | -$41.36M | -$139.53M | -$285.23M | $679.17M |
| QoQ Change | — | -508.9% | -183.4% | +323.4% | -102.4% | -435.4% | -336.4% | +307.7% | -100.3% | <-999% | -450.8% | +316.8% | -107.5% | -131.2% | -200.5% | +352.5% | -107.5% | -237.3% | -104.4% | +338.1% |
| YoY Change | — | — | — | — | +8.6% | +19.7% | -23.7% | +15.0% | +83.7% | +12.8% | -10.0% | +14.8% | <-999% | -107.6% | -13.2% | +31.9% | -32.2% | -92.8% | -31.2% | +23.7% |
Deferred Revenue at Other Companies
Frequently Asked Questions
- What is Veeva Systems's deferred revenue?
- Veeva Systems (VEEV) reported deferred revenue of $679.17M in Q4 2025.
- How has Veeva Systems's deferred revenue changed year-over-year?
- Veeva Systems's deferred revenue increased by 23.7% year-over-year, from $548.93M to $679.17M.
- What is the long-term trend for Veeva Systems's deferred revenue?
- Over 4 years (2022 to 2026), Veeva Systems's deferred revenue has grown at a 16.4% compound annual growth rate (CAGR), from $116.14M to $213.06M.
- What does deferred revenue mean?
- The net change in cash received from customers for work not yet completed.