Other

Effective Income Tax Rate Reconciliation, Release Of Income Tax Reserves

Veeva Systems Effective Income Tax Rate Reconciliation, Release Of Income Tax Reserves remained flat by 0.0% to $632.75K in Q4 2024 compared to the prior quarter. Year-over-year, this metric declined by 72.5%, from $2.30M to $632.75K. Over 3 years (FY 2022 to FY 2025), Effective Income Tax Rate Reconciliation, Release Of Income Tax Reserves shows an upward trend with a 79.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementIncome Statement
SectionOther
CategoryProfitability
SignalHigher is better
VolatilityVolatile
First reportedQ2 2021
Last reportedQ1 2025

How to read this metric

An increase represents a benefit to net income due to the resolution of tax uncertainties, while a decrease implies no such benefit was realized.

Detailed definition

Reflects the impact on the effective tax rate from the reversal or release of previously established income tax reserves...

Peer comparison

Standard line item in tax reconciliation disclosures for companies with significant global tax footprints.

Metric ID: other_effective_income_tax_rate_reconciliation_release_o_a79a09

Historical Data

4 years
 FY'22FY'23FY'24FY'25
Value$440.00K$293.00K$9.20M$2.53M
YoY Change—-33.4%>999%-72.5%
Range$293.00K – $9.20M
CAGR+79.2%
Avg YoY Growth+978.1%
Median YoY Growth-33.4%

Frequently Asked Questions

What is Veeva Systems's effective income tax rate reconciliation, release of income tax reserves?
Veeva Systems (VEEV) reported effective income tax rate reconciliation, release of income tax reserves of $632.75K in Q4 2024.
How has Veeva Systems's effective income tax rate reconciliation, release of income tax reserves changed year-over-year?
Veeva Systems's effective income tax rate reconciliation, release of income tax reserves decreased by 72.5% year-over-year, from $2.30M to $632.75K.
What is the long-term trend for Veeva Systems's effective income tax rate reconciliation, release of income tax reserves?
Over 3 years (2022 to 2025), Veeva Systems's effective income tax rate reconciliation, release of income tax reserves has grown at a 79.2% compound annual growth rate (CAGR), from $440.00K to $2.53M.
What does effective income tax rate reconciliation, release of income tax reserves mean?
The reduction in the effective tax rate resulting from the release of previously accrued tax reserves.