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Veeva Sys Inc Financials

VEEV
Trailing 12 months to April 30, 2026
Revenue $3.3B +16.2% YoY
Net Income $941.7M +20.6% YoY
EPS (Diluted) $5.64 +19.7% YoY
Free Cash Flow Not reported for the trailing 12 months
Source SEC Filings (10-K/10-Q) Latest period Q1 FY2027, ended Apr 30, 2026 Reported Currency USD FYE January

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).

Rhea AI VEEV FY2026

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 18.2% to 28.7% as revenue expanded, showing operating costs were absorbed more efficiently. The parallel increase in R&D and SG&A, at a slower pace than sales, points to operating leverage rather than a margin gain from cost cutting alone.

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 $170M equaled about 12.0% of operating cash flow, so capital returned was modest relative to internally generated cash.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 67 / 100
Financial Health Score 67/100

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 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.

Profitability
89

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.

Growth
77

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.

Leverage
71

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.

Liquidity
90

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.

Cash Flow
0

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

Returns
76

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.

Altman Z-Score Safe
15.75

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.

Piotroski F-Score Partial
6/8

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.

Earnings Quality Cash-Backed
1.56x

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

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Earnings & Revenue

Revenue
$3.2B
YoY+16.3%
5Y CAGR+16.9%
10Y CAGR+22.8%

Veeva Sys Inc generated $3.2B in revenue in fiscal year 2026. This represents an increase of 16.3% from the prior year.

Net Income
$908.9M
YoY+27.3%
5Y CAGR+19.1%
10Y CAGR+32.5%

Veeva Sys Inc reported $908.9M in net income in fiscal year 2026. This represents an increase of 27.3% from the prior year.

EPS (Diluted)
$5.44
YoY+25.9%
5Y CAGR+18.2%
10Y CAGR+30.5%

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.

EBITDA

Not reported for fiscal year 2026.

Cash & Balance Sheet

Cash & Debt
$1.4B
YoY+27.0%
5Y CAGR+14.2%
10Y CAGR+26.8%

Veeva Sys Inc held $1.4B in cash as of fiscal year 2026; long-term debt is not reported for that period.

Shares Outstanding
163M
YoY+0.4%

Veeva Sys Inc had 163M shares outstanding in fiscal year 2026. This represents an increase of 0.4% from the prior year.

Free Cash Flow

Not reported for fiscal year 2026.

Dividends Per Share

Not reported for fiscal year 2026.

Margins & Returns

Gross Margin
75.5%
YoY+1.0pp
5Y CAGR+3.4pp
10Y CAGR+10.3pp

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.

Operating Margin
28.7%
YoY+3.5pp
5Y CAGR+2.9pp
10Y CAGR+9.5pp

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.

Net Margin
28.4%
YoY+2.4pp
5Y CAGR+2.5pp
10Y CAGR+15.1pp

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.

Return on Equity
12.6%
YoY+0.4pp
5Y CAGR-4.2pp
10Y CAGR+2.2pp

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

R&D Spending
$767.4M
YoY+10.7%
5Y CAGR+21.1%
10Y CAGR+27.8%

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.

Share Buybacks
$169.9M

Veeva Sys Inc spent $169.9M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

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.

VEEV quarterly income statement
MetricQ1'27Q4'26Q3'26Q2'26Q1'26Q4'25Q3'25Q2'25
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.

VEEV quarterly balance sheet
MetricQ1'27Q4'26Q3'26Q2'26Q1'26Q4'25Q3'25Q2'25
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.

VEEV quarterly cash flow statement
MetricQ1'27Q4'26Q3'26Q2'26Q1'26Q4'25Q3'25Q2'25
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$226.9MN/AN/AN/A$0N/AN/AN/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.

VEEV quarterly financial ratios
MetricQ1'27Q4'26Q3'26Q2'26Q1'26Q4'25Q3'25Q2'25
Gross Margin75.0%+0.5pp74.5%-0.9pp75.4%+0.1pp75.3%-1.8pp77.1%+2.2pp74.9%-0.2pp75.1%+0.3pp74.8%
Operating Margin30.9%+1.5pp29.4%-0.3pp29.7%+4.9pp24.8%-6.0pp30.8%+4.6pp26.1%+0.2pp25.9%+1.3pp24.6%
Net Margin29.5%+0.3pp29.2%+0.1pp29.1%+3.7pp25.4%-4.7pp30.1%+2.9pp27.1%+0.6pp26.6%+1.3pp25.3%
Return on Equity3.6%+0.2pp3.4%0.0pp3.4%+0.3pp3.0%-0.7pp3.7%+0.3pp3.4%0.0pp3.4%+0.1pp3.3%
Return on Assets2.9%+0.1pp2.7%-0.2pp2.9%+0.4pp2.5%-0.4pp2.9%+0.3pp2.7%-0.2pp2.9%+0.2pp2.7%
Current Ratio4.74-0.1x4.89-2.6x7.53+2.0x5.57+1.0x4.60+0.1x4.51-1.8x6.36+1.3x5.01
Debt-to-Equity0.250.0x0.24+0.1x0.15-0.1x0.200.0x0.250.0x0.26+0.1x0.170.0x0.22

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

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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%.

Veeva Sys 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 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.

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.

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.

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.

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

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

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

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

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

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

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.

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.

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.

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.

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.

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.

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