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VEEV Financials Veeva Systems

15 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 16.9% per year over the past 5 years.
  • Net income has grown faster than revenue (19.1% vs 16.9% per year).
  • Operating margin has expanded, at 28.7% in the latest year.
  • Free cash flow has grown 46.9% per year over the past 5 years.
Revenue & net income
$0 $2B $3B 2012 2014 2016 2018 2020 2022 2024 2026
RevenueNet income
Margins (gross / operating / net)
0% 38% 76% 2012 2014 2016 2018 2020 2022 2024 2026
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $217M $434M 2012 2014 2016 2018 2020 2022 2024 2026
Free cash flow
Cash vs total debt
$0 $711M $1B 2012 2014 2016 2018 2020 2022 2024 2026
CashTotal debt
Cash flow: operating / investing / financing
-$1B $155M $1B $0 2012 2014 2016 2018 2020 2022 2024 2026
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2026 $3.2B $909M 75.5% 28.7% $1.4B
2025 $2.7B $714M 74.5% 25.2% $1.1B
2024 $2.4B $526M 71.3% 18.2% $703M
2023 $2.2B $488M 71.7% 21.3% $886M
2022 $1.9B $427M 72.8% 27.3% $1.1B
2021 $1.5B $380M 72.1% 25.8% $731M
2020 $1.1B $301M 72.5% 25.9% $434M $477M
2019 $862M $230M 71.6% 25.8% $302M $551M
2018 $691M $151M 69.4% 22.9% $224M $320M
2017 $551M $78M 68.5% 21.9% $137M $218M
2016 $54M $132M
2015 $40M $129M
2014 $24M $40M $263M
2013 $19M $30M $32M
2012 $4M $4M $17M

Valuation over time

How the market has priced VEEV against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 35.8 71.7 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 8.8 17.6 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is VEEV growing its revenue and profit?

Over the past 5 years, Veeva Systems's revenue has grown 16.9% per year, and net income grown 19.1% per year. These are computed facts, not advice.

How much debt does VEEV have?

As of FY2026, Veeva Systems reported — of total debt against $1.4B of cash.

What is VEEV's profit margin?

In FY2026, gross margin was 75.5%, operating margin 28.7%, and net margin 28.4%.

What is VEEV's P/E ratio?

As of Jun '26, Veeva Systems traded at a price-to-earnings ratio of about 28.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.