What is Veeva Systems Inc.'s earnings per share (EPS)?

Veeva Systems Inc. (VEEV) reported diluted earnings per share of $5.44 for fiscal year 2026. This represents a 25.9% 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.

Veeva Systems Inc. (VEEV) Financials

VEEV

Trailing 12 months to July 31, 2026

Revenue $3.5B +16.5% YoY

Net Income $1.0B +25.3% YoY

EPS (Diluted) $6.11 +25.7% YoY

Operating Cash Flow $1.7B +23.4% YoY

Market Cap $47.9B as of Oct 10, 2026

Price / Sales 13.9x on $3.5B revenue, trailing 12 months to July 31, 2026

Price / Earnings 47.2x on $1.0B net income, trailing 12 months to July 31, 2026

Price / Book 6.5x on $7.4B equity, Q2 FY2027

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2027, ended Jul 31, 2026 Reported Aug 27, 2026 Currency USD FYE January

Newest figures come from the 10-Q for Q2 FY2027, filed Aug 27, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VEEV SEC filings page.

Veeva Systems Inc. (VEEV) reported $3.5B in revenue over the twelve months to Jul 31, 2026, up 16.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).

Rhea AI VEEV FY2026 2026-10-03

Veeva’s expanding revenue is translating into higher margins and cash generation, while its balance sheet is becoming progressively less leveraged.

The operating-margin trough of 18.2% reversed to 28.7% as revenue kept expanding, indicating a temporary efficiency setback rather than continuing deterioration. Cash generation also outpaced accounting profit: FY2026 operating cash flow was $1.4B against net income of $908.9M, pointing to meaningful non-cash or working-capital effects.

Operating cash flow exceeded reported profit, so Veeva converts earnings into more cash than the income statement alone suggests. Accounts receivable climbed from $631M to $1.3B, meaning that cash conversion should be read alongside a larger receivables base, not just margin improvement.

The current ratio rose from 3.7x to 4.9x, giving short-term obligations increasingly broad asset coverage rather than signaling dependence on tight working capital. Liabilities fell from 23.7% of assets to 19.7%, indicating balance-sheet expansion has been funded more by equity than obligations.

Financial Health Signals

Financial Health Score 68/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Veeva Systems Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Veeva Systems Inc. has an operating margin of 28.7%, meaning the company retains $29 of operating profit per $100 of revenue. This strong profitability earns a score of 89/100, reflecting efficient cost management and pricing power. This is up from 25.2% the prior year.

Growth

Veeva Systems Inc.'s revenue surged 16.3% year-over-year to $3.2B, reflecting rapid business expansion. This strong growth earns a score of 78/100.

Leverage

Veeva Systems Inc. carries a low D/E ratio of 0.24, meaning only $0.24 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 72/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 4.89, Veeva Systems Inc. holds $4.89 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 92/100.

Cash Flow

Not available for Veeva Systems Inc., and counted as zero in the overall score.

Returns

Veeva Systems Inc. earns a strong 12.6% return on equity (ROE), meaning it generates $13 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 75/100. This is up from 12.2% the prior year.

Altman Z-Score Safe

18.53

Veeva Systems Inc. scores 18.53, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($47.9B) relative to total liabilities ($1.8B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

6/8

Veeva Systems Inc. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.56x

For every $1 of reported earnings, Veeva Systems Inc. generates $1.56 in operating cash flow ($1.4B OCF vs $908.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$928.0M

YoY+17.6%

QoQ+5.1%

5Y CAGR+15.3%

10Y CAGR+21.6%

Veeva Systems Inc. generated $928.0M in revenue in Q2 2027. This represents an increase of 17.6% from the same quarter a year earlier. Against the prior quarter it is up 5.1%.

Net Income

$273.4M

YoY+36.5%

QoQ+4.8%

5Y CAGR+20.2%

10Y CAGR+35.7%

Veeva Systems Inc. reported $273.4M in net income in Q2 2027. This represents an increase of 36.5% from the same quarter a year earlier. Against the prior quarter it is up 4.8%.

EPS (Diluted)

$1.66

YoY+39.5%

QoQ+5.7%

5Y CAGR+19.9%

10Y CAGR+33.8%

Veeva Systems Inc. earned $1.66 per diluted share (EPS) in Q2 2027. This represents an increase of 39.5% from the same quarter a year earlier. Against the prior quarter it is up 5.7%.

EBITDA

Not reported for Q2 2027.

Cash & Balance Sheet

Cash & Debt

$1.8B

YoY-6.1%

QoQ-4.5%

5Y CAGR+11.2%

10Y CAGR+24.0%

Veeva Systems Inc. held $1.8B in cash as of Q2 2027; long-term debt is not reported for that period.

Shares Outstanding

162M

YoY-1.2%

QoQ-0.3%

Veeva Systems Inc. had 162M shares outstanding in Q2 2027. This represents a decrease of 1.2% from the same quarter a year earlier. Against the prior quarter it is down 0.3%.

Free Cash Flow

Not reported for Q2 2027.

Dividends Per Share

Not reported for Q2 2027.

Margins & Returns

Gross Margin

75.0%

YoY-0.3pp

QoQ0.0pp

5Y change+1.8pp

10Y change+7.1pp

Veeva Systems Inc.'s gross margin was 75.0% in Q2 2027, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.

Operating Margin

29.6%

YoY+4.8pp

QoQ-1.3pp

5Y change+2.3pp

10Y change+11.5pp

Veeva Systems Inc.'s operating margin was 29.6% in Q2 2027, reflecting core business profitability. This is up 4.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.3 percentage points.

Net Margin

29.5%

YoY+4.1pp

QoQ-0.1pp

5Y change+5.6pp

10Y change+19.6pp

Veeva Systems Inc.'s net profit margin was 29.5% in Q2 2027, showing the share of revenue converted to profit. This is up 4.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.1 percentage points.

Return on Equity

3.7%

YoY+0.7pp

QoQ+0.1pp

5Y change-0.5pp

10Y change+1.4pp

Veeva Systems Inc.'s ROE was 3.7% in Q2 2027, measuring profit generated per dollar of shareholder equity. This is up 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.

Capital Allocation

R&D Spending

$222.9M

YoY+15.7%

QoQ+7.0%

5Y CAGR+18.6%

Veeva Systems Inc. invested $222.9M in research and development in Q2 2027. This represents an increase of 15.7% from the same quarter a year earlier. Against the prior quarter it is up 7.0%.

Share Buybacks

$245.7M

QoQ+8.3%

Veeva Systems Inc. spent $245.7M on share buybacks in Q2 2027, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is up 8.3%.

Capital Expenditures

Not reported for Q2 2027.

VEEV Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

VEEV quarterly income statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$3.5B	$3.2B+16.3%	$2.7B+16.2%	$2.4B+9.7%	$2.2B+16.4%	$1.9B+26.3%	$1.5B+32.7%	$1.1B+28.1%	$862.2M+24.9%	$690.6M+25.4%	$550.5M+34.5%	$409.2M+30.6%	$313.2M+49.0%	$210.2M+62.2%	$129.5M+111.5%	$61.3M
Cost of Revenue	$865.9M	$782.0M+11.8%	$699.6M+3.3%	$677.3M+11.1%	$609.4M+21.0%	$503.7M+23.2%	$408.9M+34.8%	$303.4M+23.7%	$245.3M+16.0%	$211.4M+21.7%	$173.7M+22.1%	$142.2M+23.0%	$115.7M+40.0%	$82.6M+44.9%	$57.0M+96.2%	$29.1M
Gross Profit	$2.6B	$2.4B+17.9%	$2.0B+21.4%	$1.7B+9.1%	$1.5B+14.7%	$1.3B+27.5%	$1.1B+31.9%	$800.7M+29.8%	$616.9M+28.8%	$479.1M+27.1%	$376.9M+41.1%	$267.0M+35.1%	$197.6M+54.9%	$127.5M+75.9%	$72.5M+125.2%	$32.2M
R&D Expenses	$821.9M	$767.4M+10.7%	$693.1M+10.2%	$629.0M+20.9%	$520.3M+36.2%	$382.0M+29.8%	$294.2M+40.2%	$209.9M+32.2%	$158.8M+20.3%	$132.0M+36.5%	$96.7M+46.6%	$66.0M+60.3%	$41.2M+56.3%	$26.3M+79.9%	$14.6M+88.9%	$7.8M
SG&A Expenses	$276.9M	$300.7M+13.2%	$265.7M+7.8%	$246.5M+13.3%	$217.6M+26.9%	$171.5M+15.0%	$149.1M+30.5%	$114.3M+32.2%	$86.4M+43.0%	$60.4M+23.8%	$48.8M+17.7%	$41.5M+37.1%	$30.2M+48.2%	$20.4M+143.8%	$8.4M+51.1%	$5.5M
Operating Income	$1.0B	$916.4M+32.5%	$691.4M+61.0%	$429.3M-6.5%	$459.1M-9.2%	$505.5M+33.8%	$377.8M+32.0%	$286.2M+28.4%	$222.9M+41.1%	$157.9M+30.9%	$120.7M+53.6%	$78.6M+12.3%	$70.0M+78.0%	$39.3M+30.9%	$30.0M+352.4%	$6.6M
EBITDA	N/A	N/A	N/A	$454.3M-6.1%	$484.1M-8.9%	$531.5M+30.7%	$406.8M+32.9%	$306.1M+29.2%	$236.9M+37.6%	$172.2M+28.0%	$134.5M+54.5%	$87.1M+17.8%	$73.9M+77.1%	$41.7M+35.3%	$30.8M+337.5%	$7.0M
Income Tax	$312.6M	$285.6M+39.2%	$205.2M+229.3%	$62.3M+191.3%	$21.4M-74.8%	$84.9M+506.8%	$14.0M+11.3%	$12.6M+42.8%	$8.8M-39.6%	$14.6M-67.4%	$44.8M+85.4%	$24.2M-9.9%	$26.8M+80.1%	$14.9M+44.4%	$10.3M+325.5%	$2.4M
Net Income	$1.0B	$908.9M+27.3%	$714.1M+35.8%	$525.7M+7.8%	$487.7M+14.1%	$427.4M+12.5%	$380.0M+26.2%	$301.1M+31.0%	$229.8M+52.0%	$151.2M+94.9%	$77.6M+42.4%	$54.5M+34.9%	$40.4M+71.0%	$23.6M+25.7%	$18.8M+344.0%	$4.2M
EPS (Basic)	N/A	$5.55+25.9%	$4.41+34.9%	$3.27+4.1%	$3.14+12.5%	$2.79+10.7%	$2.52+23.5%	$2.04+28.3%	$1.59+47.2%	$1.08+89.5%	$0.57+39.0%	$0.41+32.3%	$0.31+55.0%	$0.20+17.6%	$0.17+466.7%	$0.03
EPS (Diluted)	$6.11	$5.44+25.9%	$4.32+34.2%	$3.22+7.3%	$3.00+14.1%	$2.63+11.4%	$2.36+24.2%	$1.90+29.3%	$1.47+50.0%	$0.98+84.9%	$0.53+39.5%	$0.38+35.7%	$0.28+86.7%	$0.15+36.4%	$0.11+450.0%	$0.02
Diluted Shares (Avg)	N/A	167M+1.1%	165M+1.1%	163M+0.6%	162M+0.1%	162M+1.0%	161M+1.5%	158M+1.4%	156M+1.6%	154M+4.1%	148M+1.8%	145M+0.5%	144M+112.0%	68M+122.3%	31M+23.5%	25M

Metric	Q2'2710-Q	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Revenue	$928.0M+17.6%	$882.9M+16.3%	$836.0M+16.0%	$811.2M+16.0%	$789.1M+16.7%	$759.0M+16.7%	$720.9M+14.3%	$699.2M+13.4%
Cost of Revenue	$232.0M+18.8%	$220.9M+27.1%	$213.5M+17.9%	$199.5M+14.4%	$195.3M+14.6%	$173.8M0.0%	$181.0M+4.1%	$174.4M+4.0%
Gross Profit	$696.0M+17.2%	$662.0M+13.1%	$622.5M+15.3%	$611.8M+16.6%	$593.8M+17.4%	$585.2M+22.8%	$539.9M+18.2%	$524.8M+16.9%
R&D Expenses	$222.9M+15.7%	$208.3M+13.2%	$198.8M+9.5%	$191.9M+11.3%	$192.7M+9.2%	$184.0M+13.1%	$181.5M+11.0%	$172.4M+6.9%
SG&A Expenses	$71.3M-25.6%	$69.5M+0.9%	$67.6M-4.4%	$68.5M-5.4%	$95.8M+56.1%	$68.8M+12.3%	$70.7M+20.6%	$72.4M+16.2%
Operating Income	$275.0M+40.4%	$273.1M+16.8%	$245.9M+30.5%	$240.9M+32.8%	$195.9M+17.7%	$233.7M+50.6%	$188.4M+39.3%	$181.4M+41.1%
Income Tax	$76.1M+17.0%	$86.6M+22.6%	$73.3M+48.1%	$76.6M+35.6%	$65.1M+20.4%	$70.6M+56.1%	$49.5M+40.3%	$56.5M+59.0%
Net Income	$273.4M+36.5%	$260.9M+14.4%	$244.2M+24.8%	$236.2M+27.1%	$200.3M+17.1%	$228.2M+41.2%	$195.6M+32.7%	$185.8M+37.5%
EPS (Basic)	$1.68+36.6%	$1.60+14.3%	$1.49+24.2%	$1.44+25.2%	$1.23+16.0%	$1.40+40.0%	$1.20+31.9%	$1.15+36.9%
EPS (Diluted)	$1.66+39.5%	$1.57+14.6%	$1.48+26.5%	$1.40+23.9%	$1.19+14.4%	$1.37+39.8%	$1.17+30.0%	$1.13+36.1%
Diluted Shares (Avg)	165M-1.6%	166M-0.1%	N/A	169M+2.4%	168M+1.9%	166M+1.1%	N/A	165M+0.7%

Not reported in any period shown, so not listed: EBITDA, Interest Expense.

VEEV Balance Sheet

VEEV quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$9.0B+22.3%	$7.3B+24.2%	$5.9B+23.0%	$4.8B+25.9%	$3.8B+25.3%	$3.0B+34.1%	$2.3B+37.4%	$1.7B+34.4%	$1.2B+34.1%	$917.4M+30.0%	$705.8M+29.5%	$544.9M+47.1%	$370.3M+312.3%	$89.8M	N/A
Current Assets	$8.0B+26.8%	$6.3B+26.1%	$5.0B+26.0%	$4.0B+27.7%	$3.1B+34.5%	$2.3B+50.9%	$1.5B+6.8%	$1.4B+41.6%	$1.0B+42.2%	$711.9M+42.1%	$501.0M-0.2%	$501.8M+41.9%	$353.7M+307.1%	$86.9M	N/A
Cash & Equivalents	$1.4B+27.0%	$1.1B+59.0%	$703.5M-20.6%	$886.5M-22.1%	$1.1B+55.8%	$730.5M+53.2%	$476.7M-13.5%	$551.0M+72.1%	$320.2M+47.1%	$217.6M+64.6%	$132.2M-49.6%	$262.5M0.0%	$262.5M+723.2%	$31.9M+88.9%	$16.9M
Short-Term Investments	$5.1B+27.5%	$4.0B+21.3%	$3.3B+50.0%	$2.2B+79.0%	$1.2B+32.7%	$933.1M+53.0%	$610.0M+13.1%	$539.2M+22.0%	$441.8M+46.6%	$301.3M+40.8%	$214.0M-20.3%	$268.6M+948.3%	$25.6M+79.5%	$14.3M	$0
Accounts Receivable	$1.3B+23.9%	$1.0B+19.3%	$852.2M+21.2%	$703.1M+11.4%	$631.1M+11.8%	$564.4M+44.8%	$389.7M+28.4%	$303.5M+35.1%	$224.7M+22.9%	$182.8M+26.3%	$144.8M+56.3%	$92.7M+58.6%	$58.4M+57.5%	$37.1M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$439.9M0.0%	$439.9M0.0%	$439.9M0.0%	$439.9M0.0%	$439.9M+0.9%	$436.0M-0.6%	$438.5M+357.7%	$95.8M0.0%	$95.8M0.0%	$95.8M0.0%	$95.8M+1875.3%	$4.8M0.0%	$4.8M	N/A	N/A
Total Liabilities	$1.8B+17.1%	$1.5B+19.1%	$1.3B+16.4%	$1.1B+20.2%	$904.8M+16.0%	$779.7M+28.6%	$606.2M+45.7%	$416.0M+28.4%	$324.1M+22.4%	$264.7M+32.0%	$200.6M+45.3%	$138.1M+53.0%	$90.2M+61.5%	$55.9M	N/A
Current Liabilities	$1.6B+17.1%	$1.4B+18.6%	$1.2B+17.1%	$1.0B+19.7%	$840.8M+17.4%	$716.0M+29.9%	$551.2M+37.4%	$401.0M+31.0%	$306.2M+24.1%	$246.8M+32.5%	$186.3M+37.5%	$135.5M+56.5%	$86.6M+59.5%	$54.3M	N/A
Non-Current Liabilities	$127.5M+17.0%	$109.0M+25.0%	$87.2M+7.4%	$81.2M+26.8%	$64.0M+0.4%	$63.8M+16.0%	$55.0M+266.9%	$15.0M-16.4%	$17.9M-0.1%	$17.9M+25.7%	$14.3M+463.2%	$2.5M-29.5%	$3.6M+129.7%	$1.6M	N/A
Total Equity	$7.2B+23.7%	$5.8B+25.6%	$4.6B+25.0%	$3.7B+27.6%	$2.9B+28.5%	$2.3B+36.1%	$1.7B+34.6%	$1.2B+36.6%	$906.2M+33.6%	$678.2M+29.9%	$522.0M+28.3%	$406.8M+45.2%	$280.1M+724.6%	$34.0M+140.8%	$14.1M
Retained Earnings	$4.4B+26.3%	$3.5B+26.1%	$2.7B+23.7%	$2.2B+28.2%	$1.7B+32.9%	$1.3B+41.3%	$919.7M+48.5%	$619.2M+59.0%	$389.4M+82.9%	$212.9M+48.5%	$143.4M+61.2%	$88.9M+83.2%	$48.5M+94.7%	$24.9M	N/A

Metric	Q2'2710-Q	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Total Assets	$9.1B+13.3%	$9.1B+17.6%	$9.0B+22.3%	$8.1B+25.5%	$8.0B+26.4%	$7.8B+25.5%	$7.3B+24.2%	$6.5B+23.5%
Current Assets	$7.9B+13.6%	$8.1B+20.2%	$8.0B+26.8%	$7.1B+30.6%	$7.0B+30.3%	$6.7B+27.9%	$6.3B+26.1%	$5.4B+25.6%
Cash & Equivalents	$1.8B-6.1%	$1.9B-3.5%	$1.4B+27.0%	$1.7B+58.9%	$1.9B+65.6%	$2.0B+64.1%	$1.1B+59.0%	$1.0B+40.4%
Short-Term Investments	$5.4B+21.4%	$5.4B+32.0%	$5.1B+27.5%	$5.0B+23.9%	$4.5B+20.3%	$4.1B+15.0%	$4.0B+21.3%	$4.0B+25.6%
Accounts Receivable	$496.7M+17.7%	$568.0M+15.3%	$1.3B+23.9%	$314.2M+22.8%	$422.1M+15.7%	$492.8M+36.0%	$1.0B+19.3%	$255.8M+0.1%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$493.0M+12.1%	$488.2M+11.0%	$439.9M0.0%	$439.9M0.0%	$439.9M0.0%	$439.9M0.0%	$439.9M0.0%	$439.9M0.0%
Total Liabilities	$1.6B+19.7%	$1.8B+17.5%	$1.8B+17.1%	$1.1B+11.0%	$1.4B+18.7%	$1.6B+19.7%	$1.5B+19.1%	$951.5M+12.5%
Current Liabilities	$1.5B+16.0%	$1.7B+16.8%	$1.6B+17.1%	$944.9M+10.3%	$1.3B+17.2%	$1.5B+19.1%	$1.4B+18.6%	$857.0M+11.6%
Non-Current Liabilities	$172.8M+63.3%	$123.4M+26.8%	$127.5M+17.0%	$111.6M+18.2%	$105.8M+39.8%	$97.4M+30.0%	$109.0M+25.0%	$94.4M+21.5%
Total Equity	$7.4B+11.9%	$7.3B+17.6%	$7.2B+23.7%	$7.0B+28.0%	$6.6B+28.0%	$6.2B+27.0%	$5.8B+25.6%	$5.5B+25.6%
Retained Earnings	$4.9B+26.1%	$4.6B+25.6%	$4.4B+26.3%	$4.1B+26.4%	$3.9B+26.4%	$3.7B+26.9%	$3.5B+26.1%	$3.3B+25.7%

Not reported in any period shown, so not listed: Inventory, Long-Term Debt.

VEEV Cash Flow Statement

VEEV quarterly cash flow statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$1.7B	$1.4B+29.8%	$1.1B+19.6%	$911.3M+16.8%	$780.5M+2.1%	$764.5M+38.7%	$551.2M+26.0%	$437.4M+40.7%	$310.8M+33.2%	$233.4M+62.1%	$144.0M+79.7%	$80.2M+18.6%	$67.6M+61.8%	$41.8M+35.6%	$30.8M+550.3%	$4.7M
Depreciation & Amortization	N/A	N/A	N/A	$25.0M0.0%	$25.0M-3.8%	$26.0M-10.3%	$29.0M+46.0%	$19.9M+41.1%	$14.1M-1.4%	$14.3M+3.3%	$13.8M+63.3%	$8.5M+115.4%	$3.9M+63.0%	$2.4M+205.4%	$789K+93.9%	$407K
Stock-Based Compensation	N/A	$472.7M+8.1%	$437.4M+11.1%	$393.7M+11.9%	$351.9M+50.0%	$234.6M+26.8%	$185.0M+59.6%	$115.9M+51.7%	$76.4M+41.4%	$54.0M+32.5%	$40.8M+68.2%	$24.3M+69.3%	$14.3M+106.1%	$7.0M+872.0%	$715K+64.7%	$434K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$3.1M-63.1%	$8.4M-12.4%	$9.6M+39.1%	$6.9M-67.3%	$21.2M-20.3%	$26.5M+1326.4%	$1.9M+92.9%	$964K+48.3%	$650K
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$434.3M+43.6%	$302.4M+35.1%	$223.8M+63.3%	$137.1M+132.3%	$59.0M+43.8%	$41.0M+2.9%	$39.9M+33.7%	$29.8M+630.2%	$4.1M
Investing Cash Flow	-$1.1B	-$1.1B-57.7%	-$700.1M+35.0%	-$1.1B-6.8%	-$1.0B-191.1%	-$346.2M-3.8%	-$333.6M+35.5%	-$516.9M-397.7%	-$103.9M+32.8%	-$154.5M-59.7%	-$96.8M	N/A	N/A	-$26.6M-62.4%	-$16.4M-872.3%	-$1.7M
Financing Cash Flow	-$667.2M	-$9.3M-135.7%	$26.1M+261.3%	-$16.2M+16.5%	-$19.4M-368.0%	-$4.1M-112.2%	$33.8M+237.8%	$10.0M-61.4%	$25.9M+24.7%	$20.8M-45.3%	$38.0M	N/A	N/A	$215.4M+37367.8%	$575K+1073.5%	$49K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$0	$0	$0	$0	$0	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$169.9M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'2710-Q	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Operating Cash Flow	$238.7M+0.1%	$1.1B+28.5%	$106.8M+53.6%	$192.8M+17.5%	$238.4M+156.7%	$877.2M+14.9%	$69.5M+20.4%	$164.1M+98.7%
Stock-Based Compensation	$136.8M+12.2%	$119.3M+6.3%	N/A	$120.3M+2.0%	$122.0M+12.5%	$112.2M+17.0%	N/A	$117.9M+16.4%
Investing Cash Flow	-$63.5M+83.7%	-$388.7M-646.0%	-$167.8M-969.0%	-$495.2M-66.1%	-$389.3M-241.9%	-$52.1M+80.9%	-$15.7M+81.9%	-$298.2M-306.7%
Financing Cash Flow	-$259.3M-324.1%	-$262.5M-1388.2%	-$178.0M-955.5%	$32.6M+151.9%	$115.7M+1107.4%	$20.4M+432.4%	$20.8M+298.5%	$13.0M+288.1%
Share Buybacks	$245.7M	$226.9M	N/A	N/A	$0	$0	N/A	N/A

Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow, Dividends Paid.

VEEV Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

VEEV quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	75.5%+1.0pp	74.5%+3.2pp	71.4%-0.4pp	71.7%-1.1pp	72.8%+0.7pp	72.1%-0.4pp	72.5%+1.0pp	71.5%+2.2pp	69.4%+0.9pp	68.5%+3.2pp	65.3%+2.2pp	63.1%+2.4pp	60.7%+4.7pp	56.0%+3.4pp	52.6%
Operating Margin	28.7%+3.5pp	25.2%+7.0pp	18.2%-3.1pp	21.3%-6.0pp	27.3%+1.5pp	25.8%-0.1pp	25.9%+0.1pp	25.9%+3.0pp	22.9%+0.9pp	21.9%+2.7pp	19.2%-3.1pp	22.3%+3.6pp	18.7%-4.5pp	23.2%+12.3pp	10.8%
Net Margin	28.4%+2.4pp	26.0%+3.8pp	22.2%-0.4pp	22.6%-0.5pp	23.1%-2.9pp	25.9%-1.3pp	27.3%+0.6pp	26.7%+4.8pp	21.9%+7.8pp	14.1%+0.8pp	13.3%+0.4pp	12.9%+1.6pp	11.2%-3.3pp	14.5%+7.6pp	6.9%
Return on Equity	12.6%+0.4pp	12.2%+0.9pp	11.3%-1.8pp	13.1%-1.6pp	14.7%-2.1pp	16.8%-1.3pp	18.1%-0.5pp	18.6%+1.9pp	16.7%+5.2pp	11.4%+1.0pp	10.4%+0.5pp	9.9%+1.5pp	8.4%-46.9pp	55.3%+25.3pp	30.0%
Return on Assets	10.1%+0.4pp	9.7%+0.8pp	8.9%-1.3pp	10.2%-1.0pp	11.2%-1.3pp	12.5%-0.8pp	13.3%-0.7pp	13.9%+1.6pp	12.3%+3.8pp	8.5%+0.7pp	7.7%+0.3pp	7.4%+1.0pp	6.4%-14.5pp	20.9%	N/A
Current Ratio	4.89+0.4x	4.51+0.3x	4.24+0.3x	3.94+0.2x	3.70+0.5x	3.23+0.4x	2.78-0.8x	3.57+0.3x	3.31+0.4x	2.88+0.2x	2.69-1.0x	3.70-0.4x	4.08+2.5x	1.60	N/A
Debt-to-Equity	0.240.0x	0.260.0x	0.270.0x	0.290.0x	0.310.0x	0.340.0x	0.360.0x	0.340.0x	0.360.0x	0.390.0x	0.380.0x	0.340.0x	0.32-1.3x	1.64	N/A
Asset Turnover	0.360.0x	0.370.0x	0.400.0x	0.450.0x	0.480.0x	0.480.0x	0.490.0x	0.520.0x	0.560.0x	0.600.0x	0.580.0x	0.570.0x	0.57-0.9x	1.44	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	39.3%+4.3pp	35.1%+2.7pp	32.4%+7.5pp	24.9%+10.5pp	14.4%+1.3pp	13.1%-5.9pp	19.0%-4.1pp	23.0%+16.4pp	6.7%

Metric	Q2'2710-Q	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q
Gross Margin	75.0%-0.3pp	75.0%-2.1pp	74.5%-0.4pp	75.4%+0.3pp	75.3%+0.5pp	77.1%+3.8pp	74.9%+2.5pp	75.1%+2.3pp
Operating Margin	29.6%+4.8pp	30.9%+0.1pp	29.4%+3.3pp	29.7%+3.7pp	24.8%+0.2pp	30.8%+6.9pp	26.1%+4.7pp	25.9%+5.1pp
Net Margin	29.5%+4.1pp	29.5%-0.5pp	29.2%+2.1pp	29.1%+2.6pp	25.4%+0.1pp	30.1%+5.2pp	27.1%+3.8pp	26.6%+4.6pp
Return on Equity	3.7%+0.7pp	3.6%-0.1pp	3.4%0.0pp	3.4%0.0pp	3.0%-0.3pp	3.7%+0.4pp	3.4%+0.2pp	3.4%+0.3pp
Return on Assets	3.0%+0.5pp	2.9%-0.1pp	2.7%0.0pp	2.9%0.0pp	2.5%-0.2pp	2.9%+0.3pp	2.7%+0.2pp	2.9%+0.3pp
Current Ratio	5.46-0.1x	4.74+0.1x	4.89+0.4x	7.53+1.2x	5.57+0.6x	4.60+0.3x	4.51+0.3x	6.36+0.7x
Debt-to-Equity	0.220.0x	0.250.0x	0.240.0x	0.150.0x	0.200.0x	0.250.0x	0.260.0x	0.170.0x
Asset Turnover	0.100.0x	0.100.0x	0.090.0x	0.100.0x	0.100.0x	0.100.0x	0.100.0x	0.110.0x

Not reported in any period shown, so not listed: FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Veeva Systems Inc. VEEV	FY2026	$3.2B	$908.9M	28.4%	$47.9B	68/100
GE HealthCare Technologies Inc. GEHC	FY2025	$20.6B	$2.1B	10.1%	$29.7B	55/100
Tempus AI, Inc. TEM	FY2025	$1.3B	-$245.0M	-19.3%	$12.9B	40/100
Doximity, Inc. DOCS	FY2026	$644.9M	$196.1M	30.4%	$5.4B	88/100
Waystar Holding Corp. WAY	FY2025	$1.1B	$112.1M	10.2%	$5.1B	59/100
HealthEquity, Inc HQY	FY2026	$1.3B	$215.2M	16.4%	$7.7B	68/100

Where Veeva Systems Inc. Ranks

Frequently Asked Questions

What is Veeva Systems Inc.'s annual revenue?

Veeva Systems Inc. (VEEV) reported $3.2B in total revenue for fiscal year 2026. This represents a 16.3% 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 Systems Inc.'s revenue growing?

Veeva Systems Inc. (VEEV) revenue grew by 16.3% year-over-year, from $2.7B to $3.2B in fiscal year 2026.

Is Veeva Systems Inc. profitable?

Yes, Veeva Systems Inc. (VEEV) reported a net income of $908.9M in fiscal year 2026, with a net profit margin of 28.4%.

What is Veeva Systems Inc.'s gross margin?

Veeva Systems Inc. (VEEV) had a gross margin of 75.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Veeva Systems Inc.'s operating margin?

Veeva Systems Inc. (VEEV) had an operating margin of 28.7% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Veeva Systems Inc.'s net profit margin?

Veeva Systems Inc. (VEEV) had a net profit margin of 28.4% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Veeva Systems Inc.'s return on equity (ROE)?

Veeva Systems Inc. (VEEV) has a return on equity of 12.6% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Veeva Systems Inc.'s operating cash flow?

Veeva Systems Inc. (VEEV) generated $1.4B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Veeva Systems Inc.'s total assets?

Veeva Systems Inc. (VEEV) had $9.0B in total assets as of fiscal year 2026, including both current and long-term assets.

How much does Veeva Systems Inc. spend on research and development?

Veeva Systems Inc. (VEEV) invested $767.4M in research and development during fiscal year 2026.

Does Veeva Systems Inc. buy back shares?

Yes, Veeva Systems Inc. (VEEV) spent $169.9M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does Veeva Systems Inc. have outstanding?

Veeva Systems Inc. (VEEV) had 163M shares outstanding as of fiscal year 2026.

What is Veeva Systems Inc.'s current ratio?

Veeva Systems Inc. (VEEV) had a current ratio of 4.89 as of fiscal year 2026, which is generally considered healthy.

What is Veeva Systems Inc.'s debt-to-equity ratio?

Veeva Systems Inc. (VEEV) had a debt-to-equity ratio of 0.24 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Veeva Systems Inc.'s return on assets (ROA)?

Veeva Systems Inc. (VEEV) had a return on assets of 10.1% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Veeva Systems Inc.'s P/E ratio?

Veeva Systems Inc. (VEEV) trades at 47.2x earnings, its market capitalization divided by net income of $1.0B net income, trailing 12 months to July 31, 2026. The market capitalization is $47.9B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Veeva Systems Inc.'s price-to-sales ratio?

Veeva Systems Inc. (VEEV) trades at 13.9x sales, its market capitalization divided by revenue of $3.5B revenue, trailing 12 months to July 31, 2026. The market capitalization is $47.9B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Veeva Systems Inc.'s Altman Z-Score?

Veeva Systems Inc. (VEEV) has an Altman Z-Score of 18.53, 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 Systems Inc.'s Piotroski F-Score?

Veeva Systems Inc. (VEEV) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Veeva Systems Inc.'s earnings high quality?

Veeva Systems Inc. (VEEV) has an earnings quality ratio of 1.56x, 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 Systems Inc.?

Veeva Systems Inc. (VEEV) scores 68 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.