Veeva Sys Inc (VEEV) reported $3.3B in revenue over the twelve months to Apr 30, 2026, up 16.2% 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).
Operating leverage is converting revenue growth into expanding margins and cash while balance-sheet leverage remains restrained.
FY2026 operating cash flow was$1.42B against$908.9M of net income, and this cash-over-profit pattern also held in FY2024 and FY2025. Meanwhile, accounts receivable climbed from$852M in FY2024 to$1.26B in FY2026, yet cash generation still outpaced earnings—suggesting growth has not required a proportional working-capital drain.
From FY2024 to FY2026, operating margin rose from
A 4.9x current ratio paired with 0.2x debt-to-equity indicates ample short-term coverage and limited reliance on debt financing. The FY2026 buyback of
Financial Health Signals
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 Sys 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.
Veeva Sys 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.
Veeva Sys Inc's revenue surged 16.3% year-over-year to $3.2B, reflecting rapid business expansion. This strong growth earns a score of 77/100.
Veeva Sys 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 71/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.89, Veeva Sys Inc holds $4.89 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 90/100.
Not available for Veeva Sys Inc, and counted as zero in the overall score.
Veeva Sys 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 76/100. This is up from 12.2% the prior year.
Veeva Sys Inc scores 15.75, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($39.8B) 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.
Veeva Sys 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.
For every $1 of reported earnings, Veeva Sys 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
Earnings & Revenue
Veeva Sys Inc generated $3.2B in revenue in fiscal year 2026. This represents an increase of 16.3% from the prior year.
Veeva Sys Inc reported $908.9M in net income in fiscal year 2026. This represents an increase of 27.3% from the prior year.
Veeva Sys Inc earned $5.44 per diluted share (EPS) in fiscal year 2026. This represents an increase of 25.9% from the prior year.
Not reported for fiscal year 2026.
Cash & Balance Sheet
Veeva Sys Inc held $1.4B in cash as of fiscal year 2026; long-term debt is not reported for that period.
Not reported for fiscal year 2026.
Not reported for fiscal year 2026.
Margins & Returns
Veeva Sys Inc's gross margin was 75.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the prior year.
Veeva Sys Inc's operating margin was 28.7% in fiscal year 2026, reflecting core business profitability. This is up 3.5 percentage points from the prior year.
Veeva Sys Inc's net profit margin was 28.4% in fiscal year 2026, showing the share of revenue converted to profit. This is up 2.4 percentage points from the prior year.
Veeva Sys Inc's ROE was 12.6% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 0.4 percentage points from the prior year.
Capital Allocation
Veeva Sys Inc invested $767.4M in research and development in fiscal year 2026. This represents an increase of 10.7% from the prior year.
Veeva Sys Inc spent $169.9M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding.
Not reported for fiscal year 2026.
VEEV Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $882.9M+5.6% | $836.0M+3.0% | $811.2M+2.8% | $789.1M+4.0% | $759.0M+5.3% | $720.9M+3.1% | $699.2M+3.4% | $676.2M |
| Cost of Revenue | $220.9M+3.5% | $213.5M+7.0% | $199.5M+2.2% | $195.3M+12.3% | $173.8M-4.0% | $181.0M+3.8% | $174.4M+2.4% | $170.4M |
| Gross Profit | $662.0M+6.4% | $622.5M+1.7% | $611.8M+3.0% | $593.8M+1.5% | $585.2M+8.4% | $539.9M+2.9% | $524.8M+3.8% | $505.8M |
| R&D Expenses | $208.3M+4.8% | $198.8M+3.6% | $191.9M-0.4% | $192.7M+4.7% | $184.0M+1.4% | $181.5M+5.3% | $172.4M-2.3% | $176.4M |
| SG&A Expenses | $69.5M+2.7% | $67.6M-1.3% | $68.5M-28.5% | $95.8M+39.2% | $68.8M-2.7% | $70.7M-2.2% | $72.4M+17.9% | $61.4M |
| Operating Income | $273.1M+11.1% | $245.9M+2.1% | $240.9M+22.9% | $195.9M-16.2% | $233.7M+24.0% | $188.4M+3.9% | $181.4M+8.9% | $166.5M |
| Income Tax | $86.6M+18.1% | $73.3M-4.2% | $76.6M+17.7% | $65.1M-7.9% | $70.6M+42.7% | $49.5M-12.4% | $56.5M+4.6% | $54.0M |
| Net Income | $260.9M+6.9% | $244.2M+3.4% | $236.2M+17.9% | $200.3M-12.2% | $228.2M+16.6% | $195.6M+5.3% | $185.8M+8.6% | $171.0M |
| EPS (Diluted) | $1.57+6.1% | $1.48+5.7% | $1.40+17.6% | $1.19-13.1% | $1.37+17.1% | $1.17+3.5% | $1.13+8.7% | $1.04 |
Not reported in any period shown, so not listed: Interest Expense.
VEEV Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.1B+1.7% | $9.0B+10.9% | $8.1B+1.2% | $8.0B+3.0% | $7.8B+5.8% | $7.3B+13.7% | $6.5B+1.9% | $6.3B |
| Current Assets | $8.1B+0.8% | $8.0B+12.5% | $7.1B+1.7% | $7.0B+4.3% | $6.7B+6.3% | $6.3B+15.8% | $5.4B+1.5% | $5.4B |
| Cash & Equivalents | $1.9B+33.4% | $1.4B-14.4% | $1.7B-14.0% | $1.9B-1.8% | $2.0B+75.6% | $1.1B+7.1% | $1.0B-10.4% | $1.2B |
| Accounts Receivable | $568.0M-54.9% | $1.3B+300.9% | $314.2M-25.6% | $422.1M-14.4% | $492.8M-51.5% | $1.0B+297.3% | $255.8M-29.9% | $364.7M |
| Goodwill | $488.2M+11.0% | $439.9M0.0% | $439.9M0.0% | $439.9M0.0% | $439.9M0.0% | $439.9M0.0% | $439.9M0.0% | $439.9M |
| Total Liabilities | $1.8B+3.4% | $1.8B+67.0% | $1.1B-22.4% | $1.4B-12.4% | $1.6B+3.1% | $1.5B+58.4% | $951.5M-17.0% | $1.1B |
| Current Liabilities | $1.7B+4.0% | $1.6B+73.3% | $944.9M-24.7% | $1.3B-13.8% | $1.5B+4.2% | $1.4B+63.2% | $857.0M-19.9% | $1.1B |
| Total Equity | $7.3B+1.2% | $7.2B+2.5% | $7.0B+6.1% | $6.6B+6.9% | $6.2B+6.5% | $5.8B+6.0% | $5.5B+6.1% | $5.2B |
| Retained Earnings | $4.6B+6.0% | $4.4B+5.9% | $4.1B+6.1% | $3.9B+5.4% | $3.7B+6.6% | $3.5B+6.0% | $3.3B+6.0% | $3.1B |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
VEEV Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.1B+954.9% | $106.8M-44.6% | $192.8M-19.1% | $238.4M-72.8% | $877.2M+1161.3% | $69.5M-57.6% | $164.1M+76.7% | $92.9M |
| Investing Cash Flow | -$388.7M-131.7% | -$167.8M+66.1% | -$495.2M-27.2% | -$389.3M-647.1% | -$52.1M-232.1% | -$15.7M+94.7% | -$298.2M-162.0% | -$113.8M |
| Financing Cash Flow | -$262.5M-47.4% | -$178.0M-645.4% | $32.6M-71.8% | $115.7M+467.7% | $20.4M-2.1% | $20.8M+60.6% | $13.0M+212.9% | -$11.5M |
| Share Buybacks | $226.9M | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.
VEEV Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q1'27 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.0%+0.5pp | 74.5%-0.9pp | 75.4%+0.1pp | 75.3%-1.8pp | 77.1%+2.2pp | 74.9%-0.2pp | 75.1%+0.3pp | 74.8% |
| Operating Margin | 30.9%+1.5pp | 29.4%-0.3pp | 29.7%+4.9pp | 24.8%-6.0pp | 30.8%+4.6pp | 26.1%+0.2pp | 25.9%+1.3pp | 24.6% |
| Net Margin | 29.5%+0.3pp | 29.2%+0.1pp | 29.1%+3.7pp | 25.4%-4.7pp | 30.1%+2.9pp | 27.1%+0.6pp | 26.6%+1.3pp | 25.3% |
| Return on Equity | 3.6%+0.2pp | 3.4%0.0pp | 3.4%+0.3pp | 3.0%-0.7pp | 3.7%+0.3pp | 3.4%0.0pp | 3.4%+0.1pp | 3.3% |
| Return on Assets | 2.9%+0.1pp | 2.7%-0.2pp | 2.9%+0.4pp | 2.5%-0.4pp | 2.9%+0.3pp | 2.7%-0.2pp | 2.9%+0.2pp | 2.7% |
| Current Ratio | 4.74-0.1x | 4.89-2.6x | 7.53+2.0x | 5.57+1.0x | 4.60+0.1x | 4.51-1.8x | 6.36+1.3x | 5.01 |
| Debt-to-Equity | 0.250.0x | 0.24+0.1x | 0.15-0.1x | 0.200.0x | 0.250.0x | 0.26+0.1x | 0.170.0x | 0.22 |
Not reported in any period shown, so not listed: FCF Margin.
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Where Veeva Sys Inc Ranks
Frequently Asked Questions
What is Veeva Sys Inc's annual revenue?
Veeva Sys 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 Sys Inc's revenue growing?
Veeva Sys Inc (VEEV) revenue grew by 16.3% year-over-year, from $2.7B to $3.2B in fiscal year 2026.
Is Veeva Sys Inc profitable?
Yes, Veeva Sys Inc (VEEV) reported a net income of $908.9M in fiscal year 2026, with a net profit margin of 28.4%.
What is Veeva Sys Inc's gross margin?
Veeva Sys 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 Sys Inc's operating margin?
Veeva Sys 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 Sys Inc's net profit margin?
Veeva Sys 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 Sys Inc's return on equity (ROE)?
Veeva Sys 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 Sys Inc's operating cash flow?
Veeva Sys Inc (VEEV) generated $1.4B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Veeva Sys Inc's total assets?
Veeva Sys Inc (VEEV) had $9.0B in total assets as of fiscal year 2026, including both current and long-term assets.
How much does Veeva Sys Inc spend on research and development?
Veeva Sys Inc (VEEV) invested $767.4M in research and development during fiscal year 2026.
What is Veeva Sys Inc's current ratio?
Veeva Sys Inc (VEEV) had a current ratio of 4.89 as of fiscal year 2026, 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 0.24 as of fiscal year 2026, 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 10.1% for fiscal year 2026, 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 15.75, 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 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 Sys Inc's earnings high quality?
Veeva Sys 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 Sys Inc?
Veeva Sys Inc (VEEV) scores 67 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.