VEEVA SYSTEMS INC VEEV

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived NYSE

Veeva is the leading provider of industry cloud solutions for the global life sciences industry. Our offerings span cloud software, data, and business consulting and are designed to meet the unique needs of our customers and their most strategic business functions—from research and development ("R&D") through commercialization. Our solutions help life sciences companies develop and bring products to market faster and more efficiently, market and sell more effectively, and maintain compliance with government regulations. Our goal is to become the most strategic software, data, and business consulting partner to the life sciences industry, supporting the industry's most critical drug development, quality and manufacturing, and commercialization functions.

Last close 323.04 2026-10-23
Market cap $52.30B 2026-07-31 share count
52-week range 148.05 - 325.99

Valuation FY2025 figures against the last close

P/S16.4x
P/E59.4x
P/FCF37.0x
EV/EBITDA57.1x
Dividend yield—
Diluted EPS5.44

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • North America
  • Europe
  • Asia Pacific
  • Other international
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 North America, FY2025: 1.9B (59.6%) 60% North America Europe, FY2025: 939.6M (29.4%) 29% Europe Asia Pacific, FY2025: 280.2M (8.8%) 9% Asia Pacific Other international, FY2025: 72.2M (2.3%) FY2024 North America, FY2024: 1.6B (59.0%) 59% Europe, FY2024: 790.8M (28.8%) 29% Asia Pacific, FY2024: 265.7M (9.7%) 10% Other international, FY2024: 68.4M (2.5%) FY2023 North America, FY2023: 1.4B (58.7%) 59% Europe, FY2023: 662.6M (28.0%) 28% Asia Pacific, FY2023: 250.6M (10.6%) 11% Other international, FY2023: 63.1M (2.7%)
Region FY2025FY2024FY2023
North America $1.90B $1.62B $1.39B
Europe $939.6M $790.8M $662.6M
Asia Pacific $280.2M $265.7M $250.6M
Other international $72.2M $68.4M $63.1M

As the company reported it, from the “Information about Geographic Areas and Products - Revenue by Geographic Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.20B$2.75B$2.36B$2.16B$1.85B$1.47B$1.10B$862.2M$690.6M$550.5M
Cost of revenue $782.0M$699.6M$677.3M$609.4M$503.7M$408.9M$303.4M$245.3M$211.4M$173.7M
Gross profit $2.41B$2.05B$1.69B$1.55B$1.35B$1.06B$800.7M$616.9M$479.1M$376.9M
R&D $767.4M$693.1M$629.0M$520.3M$382.0M$294.2M$209.9M$158.8M$132.0M$96.7M
SG&A $300.7M$265.7M$246.5M$217.6M$171.5M$149.1M$114.3M$86.4M$60.4M$48.8M
Total operating expenses $1.50B$1.36B$1.26B$1.09B$841.6M$678.3M$514.5M$394.1M$321.2M$256.2M
Operating income $916.4M$691.4M$429.3M$459.1M$505.5M$377.8M$286.2M$222.9M$157.9M$120.7M
Pre-tax income $1.19B$919.4M$588.0M$509.1M$512.3M$394.0M$313.7M$238.6M$165.8M$122.4M
Income tax $285.6M$205.2M$62.3M$21.4M$84.9M$14.0M$12.6M$8.8M$14.6M$44.8M
Net income $908.9M$714.1M$525.7M$487.7M$427.4M$380.0M$301.1M$229.8M$151.2M$77.6M
EPS, basic 5.554.413.273.142.792.522.041.591.080.57
EPS, diluted 5.444.323.223.002.632.361.901.470.980.53
Shares, diluted (wtd. avg.) 167.0M165.2M163.5M162.4M162.3M160.7M158.3M156.1M153.7M147.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.42B$1.12B$703.5M$889.6M$1.14B$731.7M$479.8M$552.2M$321.4M$218.6M
Short-term investments $5.14B$4.03B$3.32B$2.22B$1.24B$933.1M$610.0M$539.2M$441.8M—
Receivables $1.26B$1.02B$852.2M$703.1M$631.1M$564.4M$389.7M$303.5M$224.7M$182.8M
Total current assets $8.00B$6.31B$5.00B$3.97B$3.11B$2.31B$1.53B$1.43B$1.01B$711.9M
Property, plant and equipment $70.3M$55.9M$58.5M$49.8M$54.5M$53.6M$54.8M$55.0M$52.3M$49.9M
Goodwill $439.9M$439.9M$439.9M$439.9M$439.9M$436.0M$438.5M$95.8M$95.8M$95.8M
Other intangibles $30.3M$44.5M$63.0M$82.5M$101.9M$114.6M$134.6M$24.5M$31.5M$39.3M
Total assets $8.98B$7.34B$5.91B$4.80B$3.82B$3.05B$2.27B$1.65B$1.23B$917.4M
Accounts payable $37.6M$30.4M$31.5M$41.7M$20.3M$23.3M$19.4M$9.1M$6.9M$5.7M
Total current liabilities $1.64B$1.40B$1.18B$1.01B$840.8M$716.0M$551.2M$401.0M$306.2M$246.8M
Total liabilities $1.76B$1.51B$1.27B$1.09B$904.8M$779.7M$606.2M$416.0M$324.1M$264.7M
Retained earnings $4.36B$3.45B$2.74B$2.21B$1.73B$1.30B$919.7M$619.2M$389.4M$212.9M
Total equity $7.21B$5.83B$4.64B$3.72B$2.91B$2.27B$1.67B$1.24B$906.2M$678.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.42B$1.09B$911.3M$780.5M$764.5M$551.2M$437.4M$310.8M$233.4M$144.0M
Depreciation and amortisation ——$6.0M$6.0M$7.0M$9.0M$9.0M$6.0M$5.9M$4.9M
Stock-based compensation $472.7M$437.4M$393.7M$351.9M$234.6M$185.0M$115.9M$76.4M——
Capital expenditure ——————$3.1M$8.4M$9.6M$6.9M
Investing cash flow -$1.10B-$700.1M-$1.08B-$1.01B-$346.2M-$333.6M-$516.9M-$103.9M-$154.5M-$96.8M
Financing cash flow -$9.3M$26.1M-$16.2M-$19.4M-$4.1M$33.8M$10.0M$25.9M$20.8M$38.0M
Buybacks $169.9M$0$0———————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-018796.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B 4B Revenue, FY2016: 550.5M Gross profit, FY2016: 376.9M Net income, FY2016: 77.6M Revenue, FY2017: 690.6M Gross profit, FY2017: 479.1M Net income, FY2017: 151.2M Revenue, FY2018: 862.2M Gross profit, FY2018: 616.9M Net income, FY2018: 229.8M Revenue, FY2019: 1.1B Gross profit, FY2019: 800.7M Net income, FY2019: 301.1M Revenue, FY2020: 1.5B Gross profit, FY2020: 1.1B Net income, FY2020: 380M Revenue, FY2021: 1.9B Gross profit, FY2021: 1.3B Net income, FY2021: 427.4M Revenue, FY2022: 2.2B Gross profit, FY2022: 1.5B Net income, FY2022: 487.7M Revenue, FY2023: 2.4B Gross profit, FY2023: 1.7B Net income, FY2023: 525.7M Revenue, FY2024: 2.7B Gross profit, FY2024: 2B Net income, FY2024: 714.1M Revenue, FY2025: 3.2B Gross profit, FY2025: 2.4B Net income, FY2025: 908.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $550.5M $690.6M $862.2M $1.10B $1.47B $1.85B $2.16B $2.36B $2.75B $3.20B
Gross profit $376.9M $479.1M $616.9M $800.7M $1.06B $1.35B $1.55B $1.69B $2.05B $2.41B
Net income $77.6M $151.2M $229.8M $301.1M $380.0M $427.4M $487.7M $525.7M $714.1M $908.9M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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