Veeva Sys Inc Financials
This page shows Veeva Sys Inc (VEEV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Veeva Sys Inc has an operating margin of 25.2%, meaning the company retains $25 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 18.2% the prior year.
Veeva Sys Inc's revenue surged 16.2% year-over-year to $2.7B, reflecting rapid business expansion. This strong growth earns a score of 75/100.
Veeva Sys Inc carries a low D/E ratio of 0.25, meaning only $0.25 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.60, Veeva Sys Inc holds $4.60 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Veeva Sys Inc's ROE of 11.5% shows moderate profitability relative to equity, earning a score of 46/100. This is up from 10.8% the prior year.
Veeva Sys Inc scores 13.63, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($29.8B) relative to total liabilities ($1.6B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Veeva Sys Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Veeva Sys Inc generates $1.53 in operating cash flow ($1.1B OCF vs $714.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Veeva Sys Inc generated $2.7B in revenue in fiscal year 2025. This represents an increase of 16.2% from the prior year.
Veeva Sys Inc reported $714.1M in net income in fiscal year 2025. This represents an increase of 35.8% from the prior year.
Veeva Sys Inc earned $4.32 per diluted share (EPS) in fiscal year 2025. This represents an increase of 34.2% from the prior year.
Veeva Sys Inc held $2.0B in cash against $0 in long-term debt as of fiscal year 2025.
Veeva Sys Inc had 163M shares outstanding in fiscal year 2025. This represents an increase of 0.9% from the prior year.
Veeva Sys Inc's gross margin was 74.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.2 percentage points from the prior year.
Veeva Sys Inc's operating margin was 25.2% in fiscal year 2025, reflecting core business profitability. This is up 7.0 percentage points from the prior year.
Veeva Sys Inc's net profit margin was 26.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 3.8 percentage points from the prior year.
Veeva Sys Inc's ROE was 11.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.8 percentage points from the prior year.
Veeva Sys Inc invested $693.1M in research and development in fiscal year 2025. This represents an increase of 10.2% from the prior year.
VEEV Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $811.2M+2.8% | $789.1M+4.0% | $759.0M+8.6% | $699.2M+3.4% | $676.2M+4.0% | $650.3M+3.1% | $630.6M+2.3% | $616.5M |
| Cost of Revenue | $199.5M+2.2% | $195.3M+12.3% | $173.8M-0.3% | $174.4M+2.4% | $170.4M-2.0% | $173.9M0.0% | $173.9M+3.7% | $167.7M |
| Gross Profit | $611.8M+3.0% | $593.8M+1.5% | $585.2M+11.5% | $524.8M+3.8% | $505.8M+6.2% | $476.5M+4.3% | $456.7M+1.8% | $448.8M |
| R&D Expenses | $191.9M-0.4% | $192.7M+4.7% | $184.0M+6.7% | $172.4M-2.3% | $176.4M+8.4% | $162.7M-0.5% | $163.6M+1.4% | $161.3M |
| SG&A Expenses | $68.5M-28.5% | $95.8M+39.2% | $68.8M-4.9% | $72.4M+17.9% | $61.4M+0.1% | $61.3M+4.5% | $58.7M-5.8% | $62.3M |
| Operating Income | $240.9M+22.9% | $195.9M-16.2% | $233.7M+28.9% | $181.4M+8.9% | $166.5M+7.3% | $155.2M+14.7% | $135.3M+5.3% | $128.5M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $76.6M+17.7% | $65.1M-7.9% | $70.6M+25.1% | $56.5M+4.6% | $54.0M+19.4% | $45.2M+28.2% | $35.3M-0.6% | $35.5M |
| Net Income | $236.2M+17.9% | $200.3M-12.2% | $228.2M+22.8% | $185.8M+8.6% | $171.0M+5.8% | $161.7M+9.7% | $147.4M+9.1% | $135.2M |
| EPS (Diluted) | $1.40+17.6% | $1.19-13.1% | $1.37+21.2% | $1.13+8.7% | $1.04+6.1% | $0.98+8.9% | $0.90+8.4% | $0.83 |
VEEV Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.1B+1.2% | $8.0B+3.0% | $7.8B+20.3% | $6.5B+1.9% | $6.3B+2.3% | $6.2B+4.7% | $5.9B+13.1% | $5.2B |
| Current Assets | $7.1B+1.7% | $7.0B+4.3% | $6.7B+23.1% | $5.4B+1.5% | $5.4B+2.3% | $5.2B+4.8% | $5.0B+15.4% | $4.3B |
| Cash & Equivalents | $1.7B-14.0% | $1.9B-1.8% | $2.0B+88.1% | $1.0B-10.4% | $1.2B-2.6% | $1.2B+70.2% | $703.5M-5.4% | $743.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $314.2M-25.6% | $422.1M-14.4% | $492.8M+92.7% | $255.8M-29.9% | $364.7M+0.7% | $362.3M-57.5% | $852.2M+233.5% | $255.5M |
| Goodwill | $439.9M0.0% | $439.9M0.0% | $439.9M0.0% | $439.9M0.0% | $439.9M0.0% | $439.9M0.0% | $439.9M0.0% | $439.9M |
| Total Liabilities | $1.1B-22.4% | $1.4B-12.4% | $1.6B+63.3% | $951.5M-17.0% | $1.1B-11.7% | $1.3B+2.5% | $1.3B+49.7% | $846.0M |
| Current Liabilities | $944.9M-24.7% | $1.3B-13.8% | $1.5B+70.0% | $857.0M-19.9% | $1.1B-12.5% | $1.2B+3.8% | $1.2B+53.5% | $768.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $7.0B+6.1% | $6.6B+6.9% | $6.2B+12.9% | $5.5B+6.1% | $5.2B+6.0% | $4.9B+5.3% | $4.6B+6.1% | $4.4B |
| Retained Earnings | $4.1B+6.1% | $3.9B+5.4% | $3.7B+13.0% | $3.3B+6.0% | $3.1B+5.9% | $2.9B+5.9% | $2.7B+5.7% | $2.6B |
VEEV Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $192.8M-19.1% | $238.4M-72.8% | $877.2M+434.5% | $164.1M+76.7% | $92.9M-87.8% | $763.5M+1221.7% | $57.8M-30.1% | $82.6M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$495.2M-27.2% | -$389.3M-647.1% | -$52.1M+82.5% | -$298.2M-162.0% | -$113.8M+58.2% | -$272.4M-214.2% | -$86.7M-18.2% | -$73.3M |
| Financing Cash Flow | $32.6M-71.8% | $115.7M+467.7% | $20.4M+57.3% | $13.0M+212.9% | -$11.5M-400.0% | $3.8M+136.5% | -$10.5M-52.2% | -$6.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
VEEV Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.4%+0.1pp | 75.3%-1.8pp | 77.1%+2.0pp | 75.1%+0.3pp | 74.8%+1.5pp | 73.3%+0.8pp | 72.4%-0.4pp | 72.8% |
| Operating Margin | 29.7%+4.9pp | 24.8%-6.0pp | 30.8%+4.8pp | 25.9%+1.3pp | 24.6%+0.8pp | 23.9%+2.4pp | 21.4%+0.6pp | 20.8% |
| Net Margin | 29.1%+3.7pp | 25.4%-4.7pp | 30.1%+3.5pp | 26.6%+1.3pp | 25.3%+0.4pp | 24.9%+1.5pp | 23.4%+1.4pp | 21.9% |
| Return on Equity | 3.4%+0.3pp | 3.0%-0.7pp | 3.7%+0.3pp | 3.4%+0.1pp | 3.3%0.0pp | 3.3%+0.1pp | 3.2%+0.1pp | 3.1% |
| Return on Assets | 2.9%+0.4pp | 2.5%-0.4pp | 2.9%+0.1pp | 2.9%+0.2pp | 2.7%+0.1pp | 2.6%+0.1pp | 2.5%-0.1pp | 2.6% |
| Current Ratio | 7.53+2.0 | 5.57+1.0 | 4.60-1.8 | 6.36+1.3 | 5.01+0.7 | 4.29+0.0 | 4.24-1.4 | 5.64 |
| Debt-to-Equity | 0.15-0.1 | 0.20-0.0 | 0.25+0.1 | 0.17-0.0 | 0.22-0.0 | 0.270.0 | 0.27+0.1 | 0.19 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Veeva Sys Inc's annual revenue?
Veeva Sys Inc (VEEV) reported $2.7B in total revenue for fiscal year 2025. This represents a 16.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Veeva Sys Inc's revenue growing?
Veeva Sys Inc (VEEV) revenue grew by 16.2% year-over-year, from $2.4B to $2.7B in fiscal year 2025.
Is Veeva Sys Inc profitable?
Yes, Veeva Sys Inc (VEEV) reported a net income of $714.1M in fiscal year 2025, with a net profit margin of 26.0%.
What is Veeva Sys Inc's earnings per share (EPS)?
Veeva Sys Inc (VEEV) reported diluted earnings per share of $4.32 for fiscal year 2025. This represents a 34.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Veeva Sys Inc's gross margin?
Veeva Sys Inc (VEEV) had a gross margin of 74.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Veeva Sys Inc's operating margin?
Veeva Sys Inc (VEEV) had an operating margin of 25.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Veeva Sys Inc's net profit margin?
Veeva Sys Inc (VEEV) had a net profit margin of 26.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Veeva Sys Inc's return on equity (ROE)?
Veeva Sys Inc (VEEV) has a return on equity of 11.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Veeva Sys Inc's operating cash flow?
Veeva Sys Inc (VEEV) generated $1.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Veeva Sys Inc's total assets?
Veeva Sys Inc (VEEV) had $7.8B in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Veeva Sys Inc spend on research and development?
Veeva Sys Inc (VEEV) invested $693.1M in research and development during fiscal year 2025.
How many shares does Veeva Sys Inc have outstanding?
Veeva Sys Inc (VEEV) had 163M shares outstanding as of fiscal year 2025.
What is Veeva Sys Inc's current ratio?
Veeva Sys Inc (VEEV) had a current ratio of 4.60 as of fiscal year 2025, which is generally considered healthy.
What is Veeva Sys Inc's debt-to-equity ratio?
Veeva Sys Inc (VEEV) had a debt-to-equity ratio of 0.25 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Veeva Sys Inc's return on assets (ROA)?
Veeva Sys Inc (VEEV) had a return on assets of 9.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Veeva Sys Inc's Altman Z-Score?
Veeva Sys Inc (VEEV) has an Altman Z-Score of 13.63, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Veeva Sys Inc's Piotroski F-Score?
Veeva Sys Inc (VEEV) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Veeva Sys Inc's earnings high quality?
Veeva Sys Inc (VEEV) has an earnings quality ratio of 1.53x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Veeva Sys Inc?
Veeva Sys Inc (VEEV) scores 84 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.