Total Operating Expenses
Veeva Systems Total Operating Expenses increased by 1.5% to $376.60M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 7.1%, from $351.47M to $376.60M. Over 4 years (FY 2022 to FY 2026), Total Operating Expenses shows an upward trend with a 15.5% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase faster than revenue growth suggests declining operating margins, while slower growth indicates effective cost control.
Detailed definition
Total operating expenses represent the sum of all costs incurred to operate the business, excluding the cost of goods so...
Peer comparison
Used to calculate operating margin; peers in the healthcare sector monitor this closely to manage profitability against R&D requirements.
total_operating_expensesHistorical Data
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $188.99M | $208.87M | $213.84M | $229.90M | $237.92M | $281.46M | $277.04M | $290.15M | $298.13M | $317.16M | $320.33M | $321.42M | $321.29M | $339.32M | $343.47M | $351.47M | $351.49M | $397.92M | $370.92M | $376.60M |
| QoQ Change | — | +10.5% | +2.4% | +7.5% | +3.5% | +18.3% | -1.6% | +4.7% | +2.8% | +6.4% | +1.0% | +0.3% | -0.0% | +5.6% | +1.2% | +2.3% | +0.0% | +13.2% | -6.8% | +1.5% |
| YoY Change | — | — | — | — | +25.9% | +34.8% | +29.6% | +26.2% | +25.3% | +12.7% | +15.6% | +10.8% | +7.8% | +7.0% | +7.2% | +9.3% | +9.4% | +17.3% | +8.0% | +7.1% |
Total Operating Expenses at Other Companies
Frequently Asked Questions
- What is Veeva Systems's total operating expenses?
- Veeva Systems (VEEV) reported total operating expenses of $376.60M in Q4 2025.
- How has Veeva Systems's total operating expenses changed year-over-year?
- Veeva Systems's total operating expenses increased by 7.1% year-over-year, from $351.47M to $376.60M.
- What is the long-term trend for Veeva Systems's total operating expenses?
- Over 4 years (2022 to 2026), Veeva Systems's total operating expenses has grown at a 15.5% compound annual growth rate (CAGR), from $841.60M to $1.50B.
- What does total operating expenses mean?
- The total cost of running the business, including all non-production expenses.