For the twelve months ended Jul 31, 2026, Veeva Systems Inc. reported $3.46B of revenue and $1.01B of net income.
VEEV revenue was $927.96M in fiscal Q2 2027 (ended Jul 31, 2026), up 17.6% from a year earlier and up 5.1% from the prior quarter. For the full fiscal 2026 it was $3.20B, up 16.3% from fiscal 2025. Compound annual growth was +16.9% over 5 years and +22.8% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.
VEEV net income was $273.43M in fiscal Q2 2027 (ended Jul 31, 2026), up 36.5% from a year earlier and up 4.8% from the prior quarter. For the full fiscal 2026 it was $908.91M, up 27.3% from fiscal 2025. Compound annual growth was +19.1% over 5 years and +32.5% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.
VEEV diluted EPS was $1.66 in fiscal Q2 2027 (ended Jul 31, 2026), up 39.5% from a year earlier and up 5.7% from the prior quarter. For the full fiscal 2026 it was $5.44, up 25.9% from fiscal 2025. Compound annual growth was +18.2% over 5 years and +30.5% over 10 years.
| Line item | Jan 31, 2026 | Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.20B | $2.75B | $2.36B | $2.16B | $1.85B | $1.47B | $1.10B | $862.21M | $690.56M | $550.54M |
| Cost of revenue | $782.02M | $699.64M | $677.29M | $609.40M | $503.68M | $408.93M | $303.37M | $245.28M | $211.42M | $173.68M |
| Gross profit | $2.41B | $2.05B | $1.69B | $1.55B | $1.35B | $1.06B | $800.71M | $616.93M | $479.14M | $376.86M |
| Research and development | $767.39M | $693.08M | $629.03M | $520.28M | $382.04M | $294.22M | $209.90M | $158.78M | $132.02M | $96.74M |
| Selling, general and admin | $300.74M | $265.74M | $246.54M | $217.59M | $171.51M | $149.11M | $114.27M | $86.41M | $60.41M | $48.80M |
| Operating income | $916.37M | $691.43M | $429.33M | $459.09M | $505.50M | $377.79M | $286.22M | $222.87M | $157.93M | $120.69M |
| Pre-tax income | $1.19B | $919.38M | $588.02M | $509.10M | $512.31M | $393.99M | $313.70M | $238.64M | $165.77M | $122.36M |
| Income tax | $285.60M | $205.24M | $62.32M | $21.39M | $84.92M | $13.99M | $12.58M | $8.81M | $14.59M | $44.78M |
| Net income | $908.91M | $714.14M | $525.71M | $487.71M | $427.39M | $380.00M | $301.12M | $229.83M | $151.18M | $77.57M |
| EPS, basic | $5.55 | $4.41 | $3.27 | $3.14 | $2.79 | $2.52 | $2.04 | $1.59 | $1.08 | $0.57 |
| EPS, diluted | $5.44 | $4.32 | $3.22 | $3.00 | $2.63 | $2.36 | $1.90 | $1.47 | $0.98 | $0.53 |
| Diluted shares | 167.0M | 165.2M | 163.5M | 162.4M | 162.3M | 160.7M | 158.3M | 156.1M | 153.7M | 147.6M |
| Line item | Jan 31, 2026 | Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.42B | $1.12B | $703.49M | $889.65M | $1.14B | $731.71M | $479.80M | $552.18M | $321.39M | $218.61M |
| Receivables | $1.26B | $1.02B | $852.17M | $703.05M | $631.13M | $564.39M | $389.69M | $303.46M | $224.67M | $182.82M |
| Current assets | $8.00B | $6.31B | $5.00B | $3.97B | $3.11B | $2.31B | $1.53B | $1.43B | $1.01B | $711.87M |
| Goodwill | $439.88M | $439.88M | $439.88M | $439.88M | $439.88M | $436.03M | $438.53M | $95.80M | $95.80M | $95.80M |
| Total assets | $8.98B | $7.34B | $5.91B | $4.80B | $3.82B | $3.05B | $2.27B | $1.65B | $1.23B | $917.38M |
| Current liabilities | $1.64B | $1.40B | $1.18B | $1.01B | $840.78M | $715.95M | $551.17M | $401.02M | $306.17M | $246.78M |
| Total liabilities | $1.76B | $1.51B | $1.27B | $1.09B | $904.83M | $779.75M | $606.18M | $416.02M | $324.10M | $264.72M |
| Shareholders' equity | $7.21B | $5.83B | $4.64B | $3.72B | $2.91B | $2.27B | $1.67B | $1.24B | $906.24M | $678.15M |
| Line item | Jan 31, 2026 | Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.42B | $1.09B | $911.34M | $780.47M | $764.46M | $551.25M | $437.38M | $310.83M | $233.44M | $144.01M |
| Capital expenditures | - | - | - | - | - | - | $3.11M | $8.44M | $9.63M | $6.92M |
| Free cash flow | - | - | - | - | - | - | $434.26M | $302.39M | $223.81M | $137.09M |
| Investing cash flow | -$1.10B | -$700.14M | -$1.08B | -$1.01B | -$346.15M | -$333.63M | -$516.91M | -$103.87M | -$154.52M | -$96.75M |
| Financing cash flow | -$9.33M | $26.11M | -$16.19M | -$19.38M | -$4.14M | $33.82M | $10.01M | $25.91M | $20.77M | $37.98M |
| Share repurchases | $169.95M | $0 | $0 | - | - | - | - | - | - | - |
| Stock-based compensation | $472.70M | $437.35M | $393.73M | $351.91M | $234.64M | $185.00M | $115.91M | $76.42M | - | - |
| Depreciation and amortization | - | - | - | - | - | - | $19.86M | $14.07M | $14.28M | $13.82M |
| Line item | Jan 31, 2026 | Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 16.3% | 16.2% | 9.7% | 16.4% | 26.3% | 32.7% | 28.1% | 24.9% | 25.4% | 34.5% |
| Net income growth, YoY | 27.3% | 35.8% | 7.8% | 14.1% | 12.5% | 26.2% | 31.0% | 52.0% | 94.9% | 42.4% |
| EPS growth, YoY | 25.9% | 34.2% | 7.3% | 14.1% | 11.4% | 24.2% | 29.3% | 50.0% | 84.9% | 39.5% |
| Gross margin | 75.5% | 74.5% | 71.3% | 71.7% | 72.8% | 72.1% | 72.5% | 71.6% | 69.4% | 68.5% |
| Operating margin | 28.7% | 25.2% | 18.2% | 21.3% | 27.3% | 25.8% | 25.9% | 25.8% | 22.9% | 21.9% |
| Net margin | 28.4% | 26.0% | 22.2% | 22.6% | 23.1% | 25.9% | 27.3% | 26.7% | 21.9% | 14.1% |
| Free cash flow margin | - | - | - | - | - | - | 39.3% | 35.1% | 32.4% | 24.9% |
| Return on equity | 12.6% | 12.2% | 11.3% | 13.1% | 14.7% | 16.8% | 18.1% | 18.6% | 16.7% | 11.4% |
| Return on assets | 10.1% | 9.7% | 8.9% | 10.2% | 11.2% | 12.5% | 13.3% | 13.9% | 12.3% | 8.5% |
| Current ratio | 4.89 | 4.51 | 4.24 | 3.94 | 3.70 | 3.23 | 2.78 | 3.57 | 3.31 | 2.88 |
| Line item | Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $927.96M | $882.95M | $835.95M | $811.24M | $789.08M | $759.04M | $720.89M | $699.21M | $676.18M | $650.35M | $630.62M | $616.50M |
| Cost of revenue | $232.01M | $220.92M | $213.48M | $199.47M | $195.25M | $173.82M | $180.99M | $174.39M | $170.37M | $173.88M | $173.93M | $167.68M |
| Gross profit | $695.95M | $662.02M | $622.47M | $611.77M | $593.83M | $585.22M | $539.89M | $524.82M | $505.81M | $476.46M | $456.69M | $448.82M |
| Research and development | $222.92M | $208.32M | $198.79M | $191.88M | $192.68M | $184.03M | $181.53M | $172.41M | $176.43M | $162.71M | $163.56M | $161.28M |
| Selling, general and admin | $71.31M | $69.47M | $67.63M | $68.48M | $95.80M | $68.83M | $70.74M | $72.36M | $61.37M | $61.28M | $58.66M | $62.28M |
| Operating income | $275.02M | $273.11M | $245.88M | $240.85M | $195.91M | $233.73M | $188.42M | $181.35M | $166.49M | $155.17M | $135.26M | $128.49M |
| Pre-tax income | $349.53M | $347.53M | $317.54M | $312.79M | $265.36M | $298.82M | $245.13M | $242.29M | $225.06M | $206.90M | $182.69M | $170.68M |
| Income tax | $76.10M | $86.59M | $73.33M | $76.58M | $65.06M | $70.63M | $49.51M | $56.48M | $54.02M | $45.24M | $35.30M | $35.52M |
| Net income | $273.43M | $260.94M | $244.20M | $236.20M | $200.31M | $228.19M | $195.63M | $185.81M | $171.04M | $161.66M | $147.40M | $135.16M |
| EPS, basic | $1.68 | $1.60 | $1.48 | $1.44 | $1.23 | $1.40 | $1.20 | $1.15 | $1.06 | $1.00 | $0.91 | $0.84 |
| EPS, diluted | $1.66 | $1.57 | $1.48 | $1.40 | $1.19 | $1.37 | $1.17 | $1.13 | $1.04 | $0.98 | $0.90 | $0.83 |
| Diluted shares | 165.1M | 166.0M | - | 168.9M | 167.7M | 166.2M | - | 165.0M | 164.6M | 164.4M | - | 163.8M |
| Line item | Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.81B | $1.90B | $1.42B | $1.66B | $1.93B | $1.96B | $1.12B | $1.04B | $1.17B | $1.20B | $703.49M | $743.71M |
| Receivables | $496.68M | $568.02M | $1.26B | $314.23M | $422.07M | $492.85M | $1.02B | $255.82M | $364.72M | $362.32M | $852.17M | $255.50M |
| Current assets | $7.95B | $8.06B | $8.00B | $7.11B | $6.99B | $6.71B | $6.31B | $5.45B | $5.37B | $5.24B | $5.00B | $4.34B |
| Goodwill | $492.99M | $488.16M | $439.88M | $439.88M | $439.88M | $439.88M | $439.88M | $439.88M | $439.88M | $439.88M | $439.88M | $439.88M |
| Total assets | $9.06B | $9.13B | $8.98B | $8.10B | $8.00B | $7.77B | $7.34B | $6.45B | $6.33B | $6.19B | $5.91B | $5.23B |
| Current liabilities | $1.46B | $1.70B | $1.64B | $944.88M | $1.26B | $1.46B | $1.40B | $857.00M | $1.07B | $1.22B | $1.18B | $768.25M |
| Total liabilities | $1.63B | $1.83B | $1.76B | $1.06B | $1.36B | $1.55B | $1.51B | $951.45M | $1.15B | $1.30B | $1.27B | $846.00M |
| Shareholders' equity | $7.43B | $7.30B | $7.21B | $7.04B | $6.64B | $6.21B | $5.83B | $5.50B | $5.18B | $4.89B | $4.64B | $4.38B |
| Line item | Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $238.71M | $1.13B | $106.85M | $192.79M | $238.43M | $877.16M | $69.54M | $164.12M | $92.87M | $763.52M | $57.77M | $82.60M |
| Investing cash flow | -$63.54M | -$388.71M | -$167.75M | -$495.23M | -$389.27M | -$52.11M | -$15.69M | -$298.23M | -$113.84M | -$272.38M | -$86.70M | -$73.32M |
| Financing cash flow | -$259.31M | -$262.53M | -$178.05M | $32.65M | $115.69M | $20.38M | $20.81M | $12.96M | -$11.48M | $3.83M | -$10.48M | -$6.89M |
| Share repurchases | $245.73M | $226.95M | - | - | $0 | $0 | - | - | - | - | - | - |
| Stock-based compensation | $136.80M | $119.26M | $118.26M | $120.27M | $121.97M | $112.21M | $115.20M | $117.86M | $108.38M | $95.91M | $98.89M | $101.23M |
| Line item | Jul 31, 2026 | Apr 30, 2026 | Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 17.6% | 16.3% | 16.0% | 16.0% | 16.7% | 16.7% | 14.3% | 13.4% | 14.6% | 23.6% | 11.9% | 11.6% |
| Net income growth, YoY | 36.5% | 14.4% | 24.8% | 27.1% | 17.1% | 41.2% | 32.7% | 37.5% | 53.2% | 22.9% | -21.8% | 24.6% |
| EPS growth, YoY | 39.5% | 14.6% | 26.5% | 23.9% | 14.4% | 39.8% | 30.0% | 36.1% | 52.9% | 21.0% | -21.7% | 23.9% |
| Gross margin | 75.0% | 75.0% | 74.5% | 75.4% | 75.3% | 77.1% | 74.9% | 75.1% | 74.8% | 73.3% | 72.4% | 72.8% |
| Operating margin | 29.6% | 30.9% | 29.4% | 29.7% | 24.8% | 30.8% | 26.1% | 25.9% | 24.6% | 23.9% | 21.4% | 20.8% |
| Net margin | 29.5% | 29.6% | 29.2% | 29.1% | 25.4% | 30.1% | 27.1% | 26.6% | 25.3% | 24.9% | 23.4% | 21.9% |
| Current ratio | 5.46 | 4.74 | 4.89 | 7.53 | 5.57 | 4.60 | 4.51 | 6.36 | 5.01 | 4.29 | 4.24 | 5.64 |
Source: XBRL data Veeva Systems Inc. files with the SEC, latest filing dated Aug 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| VEEV | $3.46B | +16.5% | $1.01B | 29.3% | $49.18B |
| MSFT | $346.44B | +17.9% | $142.63B | 41.2% | $3.94T |
| PLTR | $7.29B | +87.1% | $3.67B | 50.3% | $386.44B |
| ORCL | $71.78B | +21.6% | $18.92B | 26.4% | $351.04B |
| SAP | €36.80B | +7.7% | €7.16B | 19.5% | $286.79B |
| CRWD | $5.40B | +24.3% | $58.46M | 1.1% | $222.09B |
| SHOP | $14.17B | +32.5% | $2.13B | 15.0% | $191.58B |
| CRM | $43.94B | +11.2% | $9.66B | 22.0% | $175.83B |
| NOW | $15.43B | +21.8% | $1.45B | 9.4% | $105.84B |