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Veeva Systems VEEV Business Segments — Income tax provision

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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$30.82B-32.9%
Enterprise value$29.02B-34.1%
P/E32.7×-26.1×
P/S9.3×-6.8×

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 us-gaap:IncomeTaxExpenseBenefit.

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

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Questions, answered.

What is Veeva Systems's business segments — income tax provision?
Veeva Systems (VEEV) reported business segments — income tax provision of $86.59M in Q1 2026.
How has Veeva Systems's business segments — income tax provision changed year-over-year?
Veeva Systems's business segments — income tax provision increased by 22.6% year-over-year, from $70.63M to $86.59M.
What is the long-term trend for Veeva Systems's business segments — income tax provision?
Over 2 years (2024 to 2026), Veeva Systems's business segments — income tax provision has grown at a 114.1% compound annual growth rate (CAGR), from $62.32M to $285.6M.
What does business segments — income tax provision mean?
This represents the estimated income tax expense allocated to the segment based on its pre-tax earnings and applicable tax jurisdictions. It reflects the tax burden associated with the segment's profitability. Changes in this metric are often driven by shifts in earnings or changes in tax legislation.