What is Veeva Systems's R&D?

Veeva Systems (VEEV) reported R&D of $208.32M in Q1 2026.

How has Veeva Systems's R&D changed year-over-year?

Veeva Systems's R&D increased by 13.2% year-over-year, from $184.03M to $208.32M.

What is the long-term trend for Veeva Systems's R&D?

Over 4 years (2022 to 2026), Veeva Systems's R&D has grown at a 19.0% compound annual growth rate (CAGR), from $382.04M to $767.39M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Veeva Systems VEEV R&D

R&D at other companies

MicrosoftMSFT

$8.92B+8.7%

OracleORCL

$2.61B-1.5%

PhreesiaPHR

$28.33M-11.0%

OptimizeRxOPRX

$3.4M+4.6%

DoximityDOCS

$39.11M+57.7%

Certara, Inc.CERT

$12.29M+16.8%

Segments

By segment

See full

Reportable Segment$156.76M+15.2%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$1.1B+28.5%

CapEx$2.3M—

Free cash flow$110.6M—

Valuation

See full

Market cap$30.82B-32.9%

Enterprise value$29.02B-34.1%

P/E32.7×-26.1×

P/S9.3×-6.8×

Profitability

See full

Gross margin75%-0.5pp

Operating margin28.8%+1.8pp

Net margin28.4%+1.0pp

FCF margin37.2%—

Returns & leverage

See full

Return on equity13.9%-0.1pp

Debt / equity0×0.0×

Current ratio4.7×+0.1×

Where this comes from

Reported directly by Veeva Systems in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Veeva Systems’s 10-Q, filed June 5, 2026, on SEC EDGAR. View the filing →

Ask your AI about Veeva Systems's r&d.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Veeva Systems's R&D?: Veeva Systems (VEEV) reported R&D of $208.32M in Q1 2026.
How has Veeva Systems's R&D changed year-over-year?: Veeva Systems's R&D increased by 13.2% year-over-year, from $184.03M to $208.32M.
What is the long-term trend for Veeva Systems's R&D?: Over 4 years (2022 to 2026), Veeva Systems's R&D has grown at a 19.0% compound annual growth rate (CAGR), from $382.04M to $767.39M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.