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Veeva Systems VEEV Business Segments — R&D

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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:ResearchAndDevelopmentExpense.

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 — R&D?
Veeva Systems (VEEV) reported business segments — R&D of $156.76M in Q1 2026.
How has Veeva Systems's business segments — R&D changed year-over-year?
Veeva Systems's business segments — R&D increased by 15.2% year-over-year, from $136.08M to $156.76M.
What is the long-term trend for Veeva Systems's business segments — R&D?
Over 2 years (2024 to 2026), Veeva Systems's business segments — R&D has grown at a 11.1% compound annual growth rate (CAGR), from $456.04M to $562.49M.
What does business segments — R&D mean?
This represents the costs incurred by the segment to innovate, maintain, and enhance its cloud-based software platforms. It includes personnel expenses and infrastructure costs dedicated to developing new features and regulatory compliance tools. High investment here is essential for maintaining a competitive advantage in the life sciences software market.