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Veeva Systems (VEEV) Financials

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$282.45 +2.69 (+0.96%)
Closing price 03:59 PM Eastern
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$283.14 +0.69 (+0.25%)
As of 05:22 PM Eastern
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Annual Income Statements for Veeva Systems

Annual Income Statements for Veeva Systems

This table shows Veeva Systems' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 1/31/2015 1/31/2016 1/31/2017 1/31/2018 1/31/2019 1/31/2020 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025
Net Income / (Loss) Attributable to Common Shareholders
40 54 78 151 230 301 380 427 488 526 714
Consolidated Net Income / (Loss)
40 54 78 151 230 301 380 427 488 526 714
Net Income / (Loss) Continuing Operations
40 54 78 151 230 301 380 427 488 526 714
Total Pre-Tax Income
67 79 122 166 239 314 394 512 509 588 919
Total Operating Income
70 79 121 158 223 286 378 505 459 429 691
Total Gross Profit
198 267 377 479 617 801 1,056 1,347 1,546 1,686 2,047
Total Revenue
313 409 551 691 862 1,104 1,465 1,851 2,155 2,364 2,747
Operating Revenue
313 409 551 691 862 1,104 1,465 1,851 2,155 2,364 2,747
Total Cost of Revenue
116 142 174 211 245 303 409 504 609 677 700
Operating Cost of Revenue
116 142 174 211 245 303 409 504 609 677 700
Total Operating Expenses
128 188 256 321 394 514 678 842 1,087 1,257 1,356
Selling, General & Admin Expense
30 41 49 60 86 114 149 172 218 247 266
Marketing Expense
56 81 111 129 149 190 235 288 349 381 397
Research & Development Expense
41 66 97 132 159 210 294 382 520 629 693
Total Other Income / (Expense), net
-2.78 0.03 1.67 7.84 16 27 16 6.82 50 159 228
Other Income / (Expense), net
-2.78 0.03 1.67 7.84 16 27 16 6.82 50 159 228
Income Tax Expense
27 24 45 15 8.81 13 14 85 21 62 205
Basic Earnings per Share
$0.31 $0.41 $0.57 $1.08 $1.59 $2.04 $2.52 $2.79 $3.14 $3.27 $4.41
Weighted Average Basic Shares Outstanding
127.71M 132.02M 135.70M 140.31M 144.24M 147.80M 150.67M 153.25M 155.39M 160.53M 161.88M
Diluted Earnings per Share
$0.28 $0.38 $0.53 $0.98 $1.47 $1.90 $2.36 $2.63 $3.00 $3.22 $4.32
Weighted Average Diluted Shares Outstanding
144.20M 144.98M 147.58M 153.68M 156.12M 158.30M 160.73M 162.28M 162.44M 163.49M 165.23M
Weighted Average Basic & Diluted Shares Outstanding
130.30M 132.80M 134.90M 140M 144.50M 149.26M 154.36M - 159.81M 161.32M 162.70M

Quarterly Income Statements for Veeva Systems

This table shows Veeva Systems' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 10/31/2022 1/31/2023 4/30/2023 7/31/2023 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025
Net Income / (Loss) Attributable to Common Shareholders
108 189 132 112 135 147 162 171 186 196 228
Consolidated Net Income / (Loss)
108 189 132 112 135 147 162 171 186 196 228
Net Income / (Loss) Continuing Operations
108 189 132 112 135 147 162 171 186 196 228
Total Pre-Tax Income
134 135 92 143 171 183 207 225 242 245 299
Total Operating Income
121 109 62 104 128 135 155 166 181 188 234
Total Gross Profit
398 399 360 421 449 457 476 506 525 540 585
Total Revenue
552 563 526 590 617 631 650 676 699 721 759
Operating Revenue
552 563 526 590 617 631 650 676 699 721 759
Total Cost of Revenue
154 164 167 169 168 174 174 170 174 181 174
Operating Cost of Revenue
154 164 167 169 168 174 174 170 174 181 174
Total Operating Expenses
277 290 298 317 320 321 321 339 343 351 351
Selling, General & Admin Expense
53 59 63 63 62 59 61 61 72 71 69
Marketing Expense
94 89 89 97 97 99 97 102 99 99 99
Research & Development Expense
130 143 147 157 161 164 163 176 172 182 184
Total Other Income / (Expense), net
12 26 30 39 42 47 52 59 61 57 65
Other Income / (Expense), net
12 26 30 39 42 47 52 59 61 57 65
Income Tax Expense
25 -53 -40 31 36 35 45 54 56 50 71
Basic Earnings per Share
$0.70 $1.21 $0.82 $0.70 $0.84 $0.91 $1.00 $1.06 $1.15 $1.20 $1.40
Weighted Average Basic Shares Outstanding
155.39M 155.39M 159.85M 160.40M 160.77M 160.53M 161.42M 161.71M 161.99M 161.88M 162.75M
Diluted Earnings per Share
$0.67 $1.15 $0.81 $0.68 $0.83 $0.90 $0.98 $1.04 $1.13 $1.17 $1.37
Weighted Average Diluted Shares Outstanding
162.30M 162.44M 162.52M 163.28M 163.76M 163.49M 164.39M 164.56M 164.98M 165.23M 166.23M
Weighted Average Basic & Diluted Shares Outstanding
- 159.81M 160.22M 160.66M 161.02M 161.32M 161.65M 161.93M 162.35M 162.70M 163.41M

Annual Cash Flow Statements for Veeva Systems

This table details how cash moves in and out of Veeva Systems' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 1/31/2015 1/31/2016 1/31/2017 1/31/2018 1/31/2019 1/31/2020 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025
Net Change in Cash & Equivalents
-133 2.93 85 100 233 -72 252 410 -252 -183 414
Net Cash From Operating Activities
68 80 144 233 311 437 551 764 780 911 1,090
Net Cash From Continuing Operating Activities
68 80 144 233 311 437 551 764 779 911 1,089
Net Income / (Loss) Continuing Operations
40 54 78 151 230 301 380 427 488 526 714
Consolidated Net Income / (Loss)
40 54 78 151 230 301 380 427 488 526 714
Depreciation Expense
3.93 8.46 14 14 14 20 29 27 29 33 39
Amortization Expense
2.18 2.80 16 18 16 17 24 32 18 -8.34 -8.92
Non-Cash Adjustments To Reconcile Net Income
15 24 38 50 72 109 180 230 345 451 445
Changes in Operating Assets and Liabilities, net
6.53 -10 -1.33 0.21 -21 -10 -62 48 -101 -90 -100
Net Cash From Investing Activities
-272 -97 -97 -155 -104 -517 -334 -346 -1,008 -1,076 -700
Net Cash From Continuing Investing Activities
-272 -97 -97 -155 -104 -517 -334 -346 -1,008 -1,076 -700
Purchase of Property, Plant & Equipment
-27 -22 -7.51 -11 -9.82 -4.32 -8.68 -14 -14 -26 -21
Purchase of Investments
-402 -313 -315 -438 -726 -753 -979 -1,117 -1,997 -2,698 -2,582
Sale and/or Maturity of Investments
157 365 226 295 632 688 654 793 1,003 1,648 1,902
Net Cash From Financing Activities
71 19 38 21 26 10 34 -4.14 -19 -16 26
Net Cash From Continuing Financing Activities
71 19 38 21 26 10 34 -4.14 -19 -16 26
Other Financing Activities, net
65 19 38 21 26 10 34 -4.14 -19 -16 26
Effect of Exchange Rate Changes
-0.07 0.05 - - - -2.86 0.48 -4.66 -4.99 -1.78 -1.74
Cash Income Taxes Paid
1.52 20 14 12 20 14 18 59 168 134 322

Quarterly Cash Flow Statements for Veeva Systems

This table details how cash moves in and out of Veeva Systems' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 10/31/2022 1/31/2023 4/30/2023 7/31/2023 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025
Net Change in Cash & Equivalents
-275 21 207 -351 1.10 -40 494 -32 -121 74 846
Net Cash From Operating Activities
143 63 506 265 83 58 764 93 164 70 877
Net Cash From Continuing Operating Activities
143 62 506 265 83 58 764 93 162 71 881
Net Income / (Loss) Continuing Operations
108 189 132 112 135 147 162 171 186 196 228
Consolidated Net Income / (Loss)
108 189 132 112 135 147 162 171 186 196 228
Depreciation Expense
7.16 7.68 7.55 8.09 8.36 8.63 8.50 11 9.93 9.93 9.82
Amortization Expense
3.81 2.38 1.65 -3.13 -4.97 -1.88 -2.38 -4.22 -5.49 3.18 -2.51
Non-Cash Adjustments To Reconcile Net Income
93 96 138 106 98 109 96 110 24 214 88
Changes in Operating Assets and Liabilities, net
-70 -233 227 42 -154 -205 499 -195 -52 -352 557
Net Cash From Investing Activities
-406 -39 -297 -619 -73 -87 -272 -114 -298 -16 -52
Net Cash From Continuing Investing Activities
-406 -39 -297 -619 -73 -87 -272 -114 -298 -16 -52
Purchase of Property, Plant & Equipment
-5.61 -3.91 -2.96 -9.59 -5.91 -7.74 -8.48 -3.05 -4.27 -4.72 -5.91
Purchase of Investments
-711 -281 -612 -988 -542 -556 -778 -614 -814 -375 -667
Sale and/or Maturity of Investments
311 245 318 379 474 477 514 504 520 364 621
Net Cash From Financing Activities
-11 -2.24 -1.39 2.58 -6.89 -10 3.83 -11 13 21 20
Net Cash From Continuing Financing Activities
-11 -2.24 -1.39 2.58 -6.89 -10 3.83 -11 13 21 20
Other Financing Activities, net
-11 -2.24 -1.39 2.58 -6.89 -10 3.83 -11 13 21 20
Effect of Exchange Rate Changes
-1.48 -0.59 0.02 0.29 -1.28 -0.81 -1.26 0.01 -0.09 -0.39 0.77
Cash Income Taxes Paid
2.94 57 1.03 6.23 94 34 4.23 159 76 83 14

Annual Balance Sheets for Veeva Systems

This table presents Veeva Systems' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 1/31/2015 1/31/2016 1/31/2017 1/31/2018 1/31/2019 1/31/2020 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025
Total Assets
545 706 917 1,230 1,654 2,272 3,046 3,816 4,804 5,911 7,340
Total Current Assets
502 501 712 1,012 1,433 1,531 2,311 3,107 3,969 5,003 6,309
Cash & Equivalents
129 132 218 320 551 477 731 1,138 886 703 1,119
Short-Term Investments
269 214 301 442 539 610 933 1,238 2,216 3,324 4,031
Accounts Receivable
93 145 183 238 322 423 612 694 785 889 1,057
Prepaid Expenses
6.49 9.96 10 12 22 22 36 37 81 87 101
Plant, Property, & Equipment, net
28 47 50 52 55 55 54 54 50 59 56
Total Noncurrent Assets
15 157 156 166 165 686 682 655 785 849 975
Goodwill
4.85 96 96 96 96 439 436 440 440 440 440
Intangible Assets
6.14 48 39 31 25 135 115 102 82 63 44
Noncurrent Deferred & Refundable Income Taxes
- 9.36 16 2.22 5.94 12 14 5.10 137 233 344
Other Noncurrent Operating Assets
3.86 4.70 4.06 36 39 101 117 108 126 113 147
Total Liabilities & Shareholders' Equity
545 706 917 1,230 1,654 2,272 3,046 3,816 4,804 5,911 7,340
Total Liabilities
138 201 265 324 416 606 780 905 1,088 1,266 1,507
Total Current Liabilities
136 186 247 306 401 551 716 841 1,007 1,179 1,398
Accounts Payable
3.89 4.60 5.68 6.94 9.11 19 23 20 42 32 30
Accrued Expenses
8.94 11 12 13 16 22 31 36 35 33 36
Current Deferred Revenue
113 157 214 267 356 469 617 732 869 1,050 1,274
Current Deferred & Payable Income Tax Liabilities
3.24 0.75 3.23 2.08 4.09 5.61 2.59 7.76 4.95 12 9.02
Current Employee Benefit Liabilities
6.50 12 12 17 15 26 30 34 44 43 39
Other Current Liabilities
- - - - - 10 12 11 11 9.33 9.97
Total Noncurrent Liabilities
2.53 14 18 18 15 55 64 64 81 87 109
Noncurrent Deferred & Payable Income Tax Liabilities
0.17 11 13 11 6.10 2.42 1.84 2.22 1.49 2.05 0.59
Other Noncurrent Operating Liabilities
2.36 3.65 4.96 6.98 8.90 53 62 62 80 85 108
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
407 505 653 906 1,238 1,666 2,266 2,912 3,716 4,645 5,832
Total Preferred & Common Equity
407 505 653 906 1,238 1,666 2,266 2,912 3,716 4,645 5,832
Total Common Equity
407 505 653 906 1,238 1,666 2,266 2,912 3,716 4,645 5,832
Common Stock
318 362 440 515 618 745 966 1,197 1,533 1,915 2,386
Retained Earnings
89 143 213 389 619 920 1,300 1,727 2,215 2,740 3,455
Accumulated Other Comprehensive Income / (Loss)
0.03 0.17 0.11 1.60 0.93 0.46 0.99 -12 -31 -11 -8.42

Quarterly Balance Sheets for Veeva Systems

This table presents Veeva Systems' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 10/31/2022 10/31/2022 4/30/2023 7/31/2023 10/31/2023 4/30/2024 7/31/2024 10/31/2024 4/30/2025
Total Assets
4,183 4,183 5,023 5,228 5,226 6,188 6,331 6,453 7,765
Total Current Assets
3,386 3,386 4,188 4,362 4,336 5,245 5,368 5,447 6,708
Cash & Equivalents
865 865 1,094 743 744 1,197 1,166 1,045 1,965
Short-Term Investments
2,157 2,157 2,521 3,126 3,199 3,568 3,719 4,018 4,103
Accounts Receivable
325 325 451 417 300 401 404 301 541
Prepaid Expenses
39 39 122 76 93 79 79 83 98
Plant, Property, & Equipment, net
51 51 50 57 58 58 57 56 59
Total Noncurrent Assets
745 745 785 809 832 885 906 950 999
Goodwill
440 440 440 440 440 440 440 440 440
Intangible Assets
87 87 78 73 68 58 53 49 41
Noncurrent Deferred & Refundable Income Taxes
99 99 156 184 218 266 291 323 366
Other Noncurrent Operating Assets
119 119 111 112 106 120 122 139 152
Total Liabilities & Shareholders' Equity
4,183 4,183 5,023 5,228 5,226 6,188 6,331 6,453 7,765
Total Liabilities
764 764 1,080 1,076 846 1,298 1,146 951 1,554
Total Current Liabilities
690 690 1,006 1,002 768 1,223 1,070 857 1,457
Accounts Payable
41 41 44 50 36 32 28 32 37
Accrued Expenses
33 33 32 32 33 41 33 31 32
Current Deferred Revenue
510 510 870 837 644 1,029 956 740 1,246
Current Deferred & Payable Income Tax Liabilities
54 54 4.62 24 6.56 72 5.62 11 91
Current Employee Benefit Liabilities
40 40 44 48 38 39 37 35 39
Other Current Liabilities
12 12 11 11 9.64 10 10 9.16 11
Total Noncurrent Liabilities
74 74 74 74 78 75 76 94 97
Noncurrent Deferred & Payable Income Tax Liabilities
1.55 1.55 1.41 1.28 1.15 0.71 0.59 0.48 0.53
Other Noncurrent Operating Liabilities
72 72 73 72 77 74 75 94 97
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
3,419 3,419 3,943 4,153 4,380 4,889 5,185 5,501 6,211
Total Preferred & Common Equity
3,419 3,419 3,943 4,153 4,380 4,889 5,185 5,501 6,211
Total Common Equity
3,419 3,419 3,943 4,153 4,380 4,889 5,185 5,501 6,211
Common Stock
1,438 1,438 1,623 1,729 1,824 2,018 2,117 2,249 2,519
Retained Earnings
2,026 2,026 2,346 2,458 2,593 2,902 3,073 3,259 3,683
Accumulated Other Comprehensive Income / (Loss)
-46 -46 -26 -34 -38 -31 -5.58 -6.46 8.91

Annual Metrics And Ratios for Veeva Systems

This table displays calculated financial ratios and metrics derived from Veeva Systems' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 1/31/2015 1/31/2016 1/31/2017 1/31/2018 1/31/2019 1/31/2020 1/31/2021 1/31/2022 1/31/2023 1/31/2024 1/31/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
49.05% 30.65% 34.53% 25.43% 24.86% 28.05% 32.70% 26.33% 16.44% 9.68% 16.20%
EBITDA Growth
77.57% 22.64% 69.35% 30.13% 35.63% 30.57% 27.50% 27.91% -2.69% 9.99% 55.12%
EBIT Growth
74.51% 17.01% 55.63% 35.48% 43.96% 31.45% 25.60% 30.03% -0.63% 15.50% 56.35%
NOPAT Growth
74.44% 29.45% 40.55% 88.23% 49.03% 28.00% 32.62% 15.73% 4.29% -12.73% 39.92%
Net Income Growth
71.01% 34.86% 42.44% 94.89% 52.03% 31.02% 26.20% 12.47% 14.11% 7.79% 35.84%
EPS Growth
86.67% 35.71% 39.47% 84.91% 50.00% 29.25% 24.21% 11.44% 14.07% 7.33% 34.16%
Operating Cash Flow Growth
61.84% 18.62% 79.67% 62.10% 33.15% 40.71% 26.04% 38.68% 2.09% 16.77% 19.61%
Free Cash Flow Firm Growth
25.64% -481.70% 206.41% 31.20% 58.26% -174.06% 360.48% 3.44% -14.23% 5.16% 24.08%
Invested Capital Growth
211.50% 1,675.07% -15.88% 7.84% 2.30% 292.20% -7.48% 0.00% 14.58% 0.56% 10.55%
Revenue Q/Q Growth
8.38% 7.14% 8.34% 4.44% 5.68% 7.73% 6.18% -3.45% 7.45% 2.93% 3.40%
EBITDA Q/Q Growth
13.91% -1.98% 40.83% -6.37% 10.82% 0.94% 9.70% 5.98% 1.50% 7.75% 7.81%
EBIT Q/Q Growth
13.67% -5.09% 32.77% -2.05% 12.84% -1.09% 11.32% 6.36% 2.67% 8.75% 7.29%
NOPAT Q/Q Growth
23.18% 6.87% 20.26% 4.98% 14.80% -1.44% 10.72% 8.15% 12.54% -9.15% 8.28%
Net Income Q/Q Growth
21.26% 8.49% 19.92% 7.22% 15.30% -1.62% 10.70% 2.36% 18.46% -7.26% 7.24%
EPS Q/Q Growth
21.74% 11.76% 15.22% 6.52% 14.84% -2.06% 10.80% 1.94% 18.11% -7.20% 6.67%
Operating Cash Flow Q/Q Growth
-20.71% 6.46% -3.70% 1.53% 10.85% 1.68% 5.60% -1.84% 1.21% -0.61% 1.09%
Free Cash Flow Firm Q/Q Growth
0.00% -0.44% -1.22% -22.32% 31.27% -151.90% 430.75% -17.25% -54.04% 2,634.03% -4.66%
Invested Capital Q/Q Growth
176.85% 18.24% 40.68% 138.90% 70.86% 810.46% 3.80% 35.15% 0.00% 41.05% 55.59%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
63.07% 65.25% 68.45% 69.38% 71.55% 72.52% 72.09% 72.79% 71.72% 71.35% 74.53%
EBITDA Margin
23.40% 21.96% 27.65% 28.68% 31.16% 31.77% 30.53% 30.91% 25.83% 25.91% 34.58%
Operating Margin
22.34% 19.20% 21.92% 22.87% 25.85% 25.92% 25.79% 27.31% 21.30% 18.16% 25.17%
EBIT Margin
21.45% 19.21% 22.22% 24.01% 27.68% 28.41% 26.89% 27.68% 23.62% 24.88% 33.47%
Profit (Net Income) Margin
12.89% 13.31% 14.09% 21.89% 26.66% 27.27% 25.94% 23.09% 22.63% 22.24% 26.00%
Tax Burden Percent
60.11% 69.27% 63.40% 91.20% 96.31% 95.99% 96.45% 83.42% 95.80% 89.40% 77.68%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
39.89% 30.73% 36.60% 8.80% 3.69% 4.01% 3.55% 16.58% 4.20% 10.60% 22.32%
Return on Invested Capital (ROIC)
9,102.59% 64.81% 52.26% 103.59% 147.08% 75.64% 65.40% 78.74% 76.54% 62.38% 82.68%
ROIC Less NNEP Spread (ROIC-NNEP)
9,103.07% 64.80% 52.02% 102.48% 145.44% 73.22% 64.49% 78.51% 74.79% 58.40% 78.82%
Return on Net Nonoperating Assets (RNNOA)
-9,090.83% -52.87% -38.86% -84.20% -125.64% -54.90% -48.79% -64.07% -61.83% -49.80% -69.05%
Return on Equity (ROE)
11.76% 11.94% 13.40% 19.40% 21.44% 20.74% 16.60% 14.68% 14.72% 12.58% 13.63%
Cash Return on Invested Capital (CROIC)
279.66% -113.86% 69.51% 96.05% 144.81% -43.09% 73.17% 78.74% 62.95% 61.82% 72.66%
Operating Return on Assets (OROA)
14.68% 12.57% 15.08% 15.44% 16.55% 15.98% 12.94% 13.42% 11.81% 10.98% 13.88%
Return on Assets (ROA)
8.83% 8.71% 9.56% 14.08% 15.94% 15.34% 12.48% 11.20% 11.31% 9.81% 10.78%
Return on Common Equity (ROCE)
11.76% 11.94% 13.40% 19.40% 21.44% 20.74% 16.60% 14.68% 14.72% 12.58% 13.63%
Return on Equity Simple (ROE_SIMPLE)
9.93% 10.78% 11.89% 16.68% 18.57% 18.08% 13.05% 14.68% 13.12% 11.32% 12.24%
Net Operating Profit after Tax (NOPAT)
42 54 77 144 215 275 364 422 440 384 537
NOPAT Margin
13.43% 13.30% 13.90% 20.86% 24.89% 24.88% 24.87% 22.79% 20.41% 16.24% 19.55%
Net Nonoperating Expense Percent (NNEP)
-0.49% 0.01% 0.24% 1.12% 1.64% 2.42% 0.90% 0.24% 1.75% 3.98% 3.86%
Return On Investment Capital (ROIC_SIMPLE)
- - - - - - - - 11.83% 8.26% 9.21%
Cost of Revenue to Revenue
36.93% 34.75% 31.55% 30.62% 28.45% 27.48% 27.91% 27.21% 28.28% 28.65% 25.47%
SG&A Expenses to Revenue
9.65% 10.13% 8.86% 8.75% 10.02% 10.35% 10.18% 9.27% 10.10% 10.43% 9.68%
R&D to Revenue
13.14% 16.12% 17.57% 19.12% 18.42% 19.01% 20.08% 20.64% 24.14% 26.61% 25.23%
Operating Expenses to Revenue
40.74% 46.04% 46.53% 46.51% 45.70% 46.60% 46.30% 45.47% 50.42% 53.18% 49.35%
Earnings before Interest and Taxes (EBIT)
67 79 122 166 239 314 394 512 509 588 919
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
73 90 152 198 269 351 447 572 557 612 950
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
9.23 6.34 8.90 9.80 12.80 13.08 14.38 12.49 7.15 7.19 6.49
Price to Tangible Book Value (P/TBV)
9.49 8.86 11.22 11.41 14.18 19.94 17.67 15.35 8.31 8.06 7.08
Price to Revenue (P/Rev)
11.99 7.83 10.55 12.87 18.38 19.73 28.58 19.65 12.32 14.13 13.79
Price to Earnings (P/E)
93.01 58.85 74.85 58.77 68.95 72.34 110.19 85.10 54.44 63.53 53.03
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
1.08% 1.70% 1.34% 1.70% 1.45% 1.38% 0.91% 1.18% 1.84% 1.57% 1.89%
Enterprise Value to Invested Capital (EV/IC)
374.78 17.98 39.52 56.30 99.98 35.76 73.75 63.48 38.22 47.59 47.97
Enterprise Value to Revenue (EV/Rev)
10.72 6.99 9.60 11.76 17.11 18.75 26.96 18.37 10.88 12.42 11.91
Enterprise Value to EBITDA (EV/EBITDA)
45.82 31.81 34.73 41.01 54.93 59.00 88.30 59.42 42.12 47.96 34.45
Enterprise Value to EBIT (EV/EBIT)
49.98 36.37 43.21 49.00 61.83 65.98 100.24 66.36 46.06 49.94 35.59
Enterprise Value to NOPAT (EV/NOPAT)
79.85 52.52 69.10 56.40 68.75 75.33 108.39 80.61 53.32 76.51 60.92
Enterprise Value to Operating Cash Flow (EV/OCF)
49.69 35.67 36.71 34.80 47.47 47.32 71.65 44.47 30.05 32.23 30.02
Enterprise Value to Free Cash Flow (EV/FCFF)
134.01 0.00 51.95 60.83 69.83 0.00 96.88 80.61 64.83 77.21 69.32
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage
-1.00 -0.82 -0.75 -0.82 -0.86 -0.75 -0.76 -0.82 -0.83 -0.85 -0.88
Leverage Ratio
1.33 1.37 1.40 1.38 1.35 1.35 1.33 1.31 1.30 1.28 1.26
Compound Leverage Factor
1.33 1.37 1.40 1.38 1.35 1.35 1.33 1.31 1.30 1.28 1.26
Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score
18.34 11.36 15.13 18.59 25.13 23.59 29.84 26.39 16.83 17.98 17.32
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
3.70 2.69 2.88 3.31 3.57 2.78 3.70 3.70 3.94 4.24 4.51
Quick Ratio
3.62 2.64 2.84 3.27 3.52 2.74 3.65 3.65 3.86 4.17 4.44
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
25 -96 102 134 211 -157 408 422 362 380 472
Operating Cash Flow to CapEx
250.79% 371.36% 1,918.36% 2,053.65% 3,165.57% 10,122.08% 6,348.57% 5,378.24% 5,776.12% 3,478.92% 5,312.40%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.68 0.65 0.68 0.64 0.60 0.56 0.48 0.48 0.50 0.44 0.41
Accounts Receivable Turnover
4.15 3.45 3.36 3.28 3.08 2.97 2.62 2.67 2.91 2.82 2.82
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
20.44 10.82 11.31 13.52 16.08 20.13 26.82 33.96 41.32 43.63 48.00
Accounts Payable Turnover
38.53 33.52 33.80 33.50 30.56 21.27 20.57 24.75 19.65 18.51 22.58
Days Sales Outstanding (DSO)
88.04 105.90 108.60 111.22 118.45 123.00 139.13 136.95 125.30 129.23 129.28
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
9.47 10.89 10.80 10.89 11.94 17.16 17.75 14.75 18.58 19.72 16.16
Cash Conversion Cycle (CCC)
78.56 95.01 97.80 100.32 106.50 105.83 121.38 122.20 106.73 109.51 113.12
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
8.96 159 134 144 148 579 536 536 614 617 682
Invested Capital Turnover
677.97 4.87 3.76 4.97 5.91 3.04 2.63 3.46 3.75 3.84 4.23
Increase / (Decrease) in Invested Capital
17 150 -25 10 3.31 431 -43 0.00 78 3.44 65
Enterprise Value (EV)
3,358 2,859 5,287 8,123 14,756 20,698 39,495 33,995 23,450 29,368 32,720
Market Capitalization
3,756 3,205 5,806 8,885 15,847 21,784 41,871 36,371 26,553 33,396 37,870
Book Value per Share
$3.12 $3.80 $4.76 $6.41 $8.52 $11.21 $19.22 $18.94 $23.87 $28.85 $35.92
Tangible Book Value per Share
$3.03 $2.72 $3.77 $5.51 $7.69 $7.35 $15.65 $15.41 $20.51 $25.72 $32.94
Total Capital
407 505 653 906 1,238 1,666 2,912 2,912 3,716 4,645 5,832
Total Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt
-398 -346 -519 -762 -1,090 -1,087 -2,376 -2,376 -3,103 -4,028 -5,150
Capital Expenditures (CapEx)
27 22 7.51 11 9.82 4.32 8.68 14 14 26 21
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-32 -32 -54 -56 -58 -107 -110 -110 -140 -203 -240
Debt-free Net Working Capital (DFNWC)
366 315 465 706 1,032 980 2,266 2,266 2,963 3,824 4,910
Net Working Capital (NWC)
366 315 465 706 1,032 980 2,266 2,266 2,963 3,824 4,910
Net Nonoperating Expense (NNE)
1.67 -0.02 -1.06 -7.15 -15 -26 -16 -5.69 -48 -142 -177
Net Nonoperating Obligations (NNO)
-398 -346 -519 -762 -1,090 -1,087 -2,376 -2,376 -3,103 -4,028 -5,150
Total Depreciation and Amortization (D&A)
6.11 11 30 32 30 37 53 60 48 24 30
Debt-free, Cash-free Net Working Capital to Revenue
-10.08% -7.70% -9.77% -8.07% -6.70% -9.67% -7.49% -5.93% -6.50% -8.61% -8.73%
Debt-free Net Working Capital to Revenue
116.95% 76.90% 84.48% 102.27% 119.74% 88.76% 154.70% 122.46% 137.47% 161.80% 178.78%
Net Working Capital to Revenue
116.95% 76.90% 84.48% 102.27% 119.74% 88.76% 154.70% 122.46% 137.47% 161.80% 178.78%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.31 $0.41 $0.51 $1.01 $1.59 $2.04 $0.00 $0.00 $3.14 $3.27 $4.41
Adjusted Weighted Average Basic Shares Outstanding
127.71M 132.02M 135.70M 140.31M 144.24M 147.80M 0.00 0.00 155.39M 160.53M 161.88M
Adjusted Diluted Earnings per Share
$0.28 $0.38 $0.47 $0.92 $1.47 $1.90 $0.00 $0.00 $3.00 $3.22 $4.32
Adjusted Weighted Average Diluted Shares Outstanding
144.20M 144.98M 147.58M 153.68M 156.12M 158.30M 0.00 0.00 162.44M 163.49M 165.23M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
131.47M 134.15M 138.70M 142.39M 146.43M 149.26M 0.00 0.00 159.81M 161.32M 162.70M
Normalized Net Operating Profit after Tax (NOPAT)
42 54 77 144 215 275 364 422 440 384 537
Normalized NOPAT Margin
13.43% 13.30% 13.90% 20.86% 24.89% 24.88% 24.87% 22.79% 20.41% 16.24% 19.55%
Pre Tax Income Margin
21.45% 19.21% 22.22% 24.01% 27.68% 28.41% 26.89% 27.68% 23.62% 24.88% 33.47%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Veeva Systems

This table displays calculated financial ratios and metrics derived from Veeva Systems' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 10/31/2022 1/31/2023 4/30/2023 7/31/2023 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025
Growth Metrics
- - - - - - - - - - -
Revenue Growth
0.00% 36.09% 4.20% 10.48% 11.61% 11.93% 23.56% 14.56% 13.41% 14.31% 16.71%
EBITDA Growth
-2.75% 6.01% -30.12% 21.23% 20.19% 30.27% 110.97% 56.84% 41.74% 36.32% 43.71%
EBIT Growth
0.00% 10.86% -29.61% 30.49% 27.50% 34.97% 125.44% 57.52% 41.96% 34.18% 44.43%
NOPAT Growth
0.00% 36.60% -10.06% -2.82% 3.44% -28.06% 37.51% 55.64% 36.68% 37.79% 47.21%
Net Income Growth
0.00% 67.51% 31.37% 23.21% 24.62% -21.82% 22.92% 53.22% 37.47% 32.72% 41.15%
EPS Growth
0.00% 66.67% 30.65% 21.43% 23.88% -21.74% 20.99% 52.94% 36.14% 30.00% 39.80%
Operating Cash Flow Growth
26.29% 17.28% 5.18% 183.81% -42.10% -8.88% 50.91% -64.96% 98.69% 20.38% 14.88%
Free Cash Flow Firm Growth
126.80% -33.71% -173.22% -149.60% -167.88% 43.57% 235.45% 154.69% 141.15% -19.30% -50.73%
Invested Capital Growth
0.00% 14.58% 0.00% 0.00% 0.00% 0.56% -62.11% 5.54% 0.21% 10.55% 14.75%
Revenue Q/Q Growth
3.39% 2.00% -6.58% 12.14% 4.45% 2.29% 3.13% 3.97% 3.41% 3.10% 5.29%
EBITDA Q/Q Growth
18.77% 0.41% -30.57% 46.41% 17.74% 8.83% 12.45% 8.85% 6.41% 4.67% 18.55%
EBIT Q/Q Growth
22.26% 1.12% -32.20% 55.67% 19.46% 7.04% 13.25% 8.78% 7.66% 1.17% 21.90%
NOPAT Q/Q Growth
17.59% 54.23% -41.88% -7.80% 25.16% 7.26% 11.10% 4.36% 9.92% 8.12% 18.70%
Net Income Q/Q Growth
19.71% 73.83% -30.24% -15.13% 21.08% 9.06% 9.68% 5.80% 8.63% 5.28% 16.65%
EPS Q/Q Growth
19.64% 71.64% -29.57% -16.05% 22.06% 8.43% 8.89% 6.12% 8.65% 3.54% 17.09%
Operating Cash Flow Q/Q Growth
52.76% -55.56% 698.04% -47.61% -68.84% -30.06% 1,221.67% -87.84% 76.71% -57.63% 1,161.30%
Free Cash Flow Firm Q/Q Growth
21.08% -85.12% -426.00% 15.57% -65.71% 131.48% 207.56% -65.91% 24.67% -38.26% 87.76%
Invested Capital Q/Q Growth
0.00% 0.00% -46.52% -13.49% 54.10% 41.05% -79.85% 140.96% 46.32% 55.59% -79.08%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
72.14% 70.83% 68.33% 71.36% 72.80% 72.42% 73.26% 74.80% 75.06% 74.89% 77.10%
EBITDA Margin
26.22% 25.81% 19.18% 25.05% 28.23% 30.04% 32.75% 34.29% 35.29% 35.82% 40.33%
Operating Margin
21.98% 19.33% 11.69% 17.63% 20.84% 21.45% 23.86% 24.62% 25.94% 26.14% 30.79%
EBIT Margin
24.24% 24.03% 17.44% 24.21% 27.68% 28.97% 31.81% 33.28% 34.65% 34.00% 39.37%
Profit (Net Income) Margin
19.64% 33.46% 24.99% 18.91% 21.92% 23.37% 24.86% 25.30% 26.57% 27.14% 30.06%
Tax Burden Percent
81.02% 139.28% 143.30% 78.13% 79.19% 80.68% 78.14% 76.00% 76.69% 79.80% 76.36%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
18.98% -39.28% -43.30% 21.87% 20.81% 19.32% 21.86% 24.00% 23.31% 20.20% 23.64%
Return on Invested Capital (ROIC)
0.00% 101.00% 222.20% 216.59% 173.27% 66.47% 204.99% 165.06% 120.64% 88.19% 502.89%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 99.65% 219.80% 215.03% 171.57% 65.40% 204.02% 164.04% 119.61% 87.21% 501.97%
Return on Net Nonoperating Assets (RNNOA)
0.00% -82.37% -201.51% -200.33% -154.43% -55.77% -193.57% -153.79% -109.00% -76.39% -489.89%
Return on Equity (ROE)
0.00% 18.62% 20.69% 16.27% 18.83% 10.70% 11.42% 11.27% 11.64% 11.80% 12.99%
Cash Return on Invested Capital (CROIC)
0.00% 62.95% 64.23% 98.97% -6.86% 61.82% 272.81% 151.81% 113.04% 72.66% 431.46%
Operating Return on Assets (OROA)
0.00% 12.01% 7.55% 10.34% 12.17% 12.78% 14.12% 14.82% 15.76% 14.10% 16.11%
Return on Assets (ROA)
0.00% 16.73% 10.83% 8.08% 9.63% 10.31% 11.03% 11.26% 12.09% 11.25% 12.30%
Return on Common Equity (ROCE)
0.00% 18.62% 20.69% 16.27% 18.83% 10.70% 11.42% 11.27% 11.64% 11.80% 12.99%
Return on Equity Simple (ROE_SIMPLE)
0.00% 0.00% 13.17% 13.01% 12.94% 0.00% 11.37% 11.87% 12.10% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
98 152 88 81 102 109 121 127 139 150 178
NOPAT Margin
17.81% 26.93% 16.75% 13.77% 16.50% 17.31% 18.64% 18.71% 19.89% 20.86% 23.51%
Net Nonoperating Expense Percent (NNEP)
0.00% 1.34% 2.40% 1.57% 1.69% 1.07% 0.96% 1.02% 1.04% 0.99% 0.92%
Return On Investment Capital (ROIC_SIMPLE)
- 4.08% - - - 2.35% - - - 2.58% 2.87%
Cost of Revenue to Revenue
27.86% 29.17% 31.67% 28.64% 27.20% 27.58% 26.74% 25.20% 24.94% 25.11% 22.90%
SG&A Expenses to Revenue
9.57% 10.40% 11.91% 10.66% 10.10% 9.30% 9.42% 9.08% 10.35% 9.81% 9.07%
R&D to Revenue
23.58% 25.30% 27.92% 26.64% 26.16% 25.94% 25.02% 26.09% 24.66% 25.18% 24.25%
Operating Expenses to Revenue
50.16% 51.50% 56.64% 53.74% 51.96% 50.97% 49.40% 50.18% 49.12% 48.76% 46.31%
Earnings before Interest and Taxes (EBIT)
134 135 92 143 171 183 207 225 242 245 299
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
145 145 101 148 174 189 213 232 247 258 306
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
0.00 7.15 7.26 7.88 7.07 7.19 6.55 5.98 6.15 6.49 6.12
Price to Tangible Book Value (P/TBV)
0.00 8.31 8.35 8.99 8.00 8.06 7.29 6.61 6.75 7.08 6.63
Price to Revenue (P/Rev)
13.00 12.32 13.15 14.66 13.48 14.13 12.88 12.06 12.73 13.79 13.32
Price to Earnings (P/E)
63.34 54.44 55.13 60.58 54.62 63.53 57.63 50.43 50.78 53.03 48.70
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
1.58% 1.84% 1.81% 1.65% 1.83% 1.57% 1.74% 1.98% 1.97% 1.89% 2.05%
Enterprise Value to Invested Capital (EV/IC)
0.00 38.22 76.19 101.63 61.76 47.59 219.28 87.25 65.59 47.97 223.94
Enterprise Value to Revenue (EV/Rev)
0.00 10.88 11.49 12.92 11.77 12.42 10.96 10.16 10.82 11.91 11.19
Enterprise Value to EBITDA (EV/EBITDA)
0.00 42.12 48.72 53.52 47.54 47.96 37.64 32.34 32.64 34.45 30.64
Enterprise Value to EBIT (EV/EBIT)
0.00 46.06 53.14 57.26 49.97 49.94 38.78 33.29 33.55 35.59 31.60
Enterprise Value to NOPAT (EV/NOPAT)
0.00 53.32 57.67 67.98 63.95 76.51 65.95 57.00 57.97 60.92 53.76
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 30.05 31.05 29.53 29.46 32.23 23.33 26.23 26.67 30.02 26.55
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 64.83 237.24 205.36 0.00 77.21 44.17 59.02 58.08 69.32 55.47
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage
0.00 -0.83 -0.92 -0.93 -0.90 -0.85 -0.95 -0.94 -0.91 -0.88 -0.98
Leverage Ratio
0.00 1.30 1.27 1.26 1.19 1.28 1.27 1.24 1.18 1.26 1.26
Compound Leverage Factor
0.00 1.30 1.27 1.26 1.19 1.28 1.27 1.24 1.18 1.26 1.26
Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
0.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score
0.00 16.57 17.80 20.20 24.02 17.75 16.75 18.26 23.42 17.02 16.65
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
0.00 3.94 4.16 4.35 5.64 4.24 4.29 5.01 6.36 4.51 4.60
Quick Ratio
0.00 3.86 4.04 4.28 5.52 4.17 4.22 4.94 6.26 4.44 4.54
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
495 74 -240 -203 -336 106 325 111 138 85 160
Operating Cash Flow to CapEx
2,543.41% 1,622.65% 17,103.99% 2,762.81% 1,397.60% 746.85% 9,007.98% 3,043.05% 3,842.59% 1,473.39% 14,841.93%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.00 0.50 0.43 0.43 0.44 0.44 0.44 0.45 0.45 0.41 0.41
Accounts Receivable Turnover
0.00 2.91 4.83 5.36 7.65 2.82 5.84 6.27 8.83 2.82 6.06
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.00 41.32 43.47 39.21 39.87 43.63 46.03 45.30 46.89 48.00 49.00
Accounts Payable Turnover
0.00 19.65 14.34 13.10 18.43 18.51 17.93 17.53 20.35 22.58 20.18
Days Sales Outstanding (DSO)
0.00 125.30 75.64 68.12 47.74 129.23 62.51 58.20 41.33 129.28 60.23
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 18.58 25.46 27.87 19.81 19.72 20.35 20.82 17.94 16.16 18.09
Cash Conversion Cycle (CCC)
0.00 106.73 50.18 40.25 27.93 109.51 42.16 37.38 23.39 113.12 42.14
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
0.00 614 328 284 437 617 124 300 438 682 143
Invested Capital Turnover
0.00 3.75 13.26 15.73 10.50 3.84 11.00 8.82 6.07 4.23 21.39
Increase / (Decrease) in Invested Capital
-396 78 328 284 437 3.44 -204 16 0.93 65 18
Enterprise Value (EV)
0.00 23,450 25,003 28,852 27,018 29,368 27,266 26,141 28,754 32,720 31,952
Market Capitalization
26,078 26,553 28,618 32,721 30,960 33,396 32,031 31,026 33,817 37,870 38,020
Book Value per Share
$0.00 $23.87 $24.67 $25.92 $27.26 $28.85 $30.31 $32.07 $33.97 $35.92 $38.18
Tangible Book Value per Share
$0.00 $20.51 $21.44 $22.72 $24.10 $25.72 $27.22 $29.02 $30.96 $32.94 $35.22
Total Capital
0.00 3,716 3,943 4,153 4,380 4,645 4,889 5,185 5,501 5,832 6,211
Total Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt
0.00 -3,103 -3,615 -3,869 -3,942 -4,028 -4,765 -4,885 -5,063 -5,150 -6,068
Capital Expenditures (CapEx)
5.61 3.91 2.96 9.59 5.91 7.74 8.48 3.05 4.27 4.72 5.91
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 -140 -433 -509 -375 -203 -743 -588 -473 -240 -817
Debt-free Net Working Capital (DFNWC)
0.00 2,963 3,182 3,360 3,568 3,824 4,022 4,297 4,590 4,910 5,251
Net Working Capital (NWC)
0.00 2,963 3,182 3,360 3,568 3,824 4,022 4,297 4,590 4,910 5,251
Net Nonoperating Expense (NNE)
-10 -37 -43 -30 -33 -38 -40 -45 -47 -45 -50
Net Nonoperating Obligations (NNO)
0.00 -3,103 -3,615 -3,869 -3,942 -4,028 -4,765 -4,885 -5,063 -5,150 -6,068
Total Depreciation and Amortization (D&A)
11 10 9.19 4.96 3.39 6.75 6.12 6.80 4.44 13 7.31
Debt-free, Cash-free Net Working Capital to Revenue
0.00% -6.50% -19.90% -22.80% -16.32% -8.61% -29.88% -22.83% -17.80% -8.73% -28.63%
Debt-free Net Working Capital to Revenue
0.00% 137.47% 146.20% 150.51% 155.35% 161.80% 161.66% 166.98% 172.80% 178.78% 183.90%
Net Working Capital to Revenue
0.00% 137.47% 146.20% 150.51% 155.35% 161.80% 161.66% 166.98% 172.80% 178.78% 183.90%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.00 $1.21 $0.82 $0.70 $0.84 $0.91 $1.00 $1.06 $1.15 $1.20 $1.40
Adjusted Weighted Average Basic Shares Outstanding
0.00 155.39M 159.85M 160.40M 160.77M 160.53M 161.42M 161.71M 161.99M 161.88M 162.75M
Adjusted Diluted Earnings per Share
$0.00 $1.15 $0.81 $0.68 $0.83 $0.90 $0.98 $1.04 $1.13 $1.17 $1.37
Adjusted Weighted Average Diluted Shares Outstanding
0.00 162.44M 162.52M 163.28M 163.76M 163.49M 164.39M 164.56M 164.98M 165.23M 166.23M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 159.81M 160.22M 160.66M 161.02M 161.32M 161.65M 161.93M 162.35M 162.70M 163.41M
Normalized Net Operating Profit after Tax (NOPAT)
98 76 43 81 102 109 121 127 139 150 178
Normalized NOPAT Margin
17.81% 13.53% 8.18% 13.77% 16.50% 17.31% 18.64% 18.71% 19.89% 20.86% 23.51%
Pre Tax Income Margin
24.24% 24.03% 17.44% 24.21% 27.68% 28.97% 31.81% 33.28% 34.65% 34.00% 39.37%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Key Financial Trends

Veeva Systems has demonstrated solid financial performance over the past several years through its increasing revenues and net income, strong operating cash flows, and a stable balance sheet position. Here are the key takeaways from the latest quarterly data and historical trends:

  • Revenue Growth: The company’s quarterly revenue for Q1 2026 was $759.0 million, up from $650.3 million in Q1 2025 and $526.3 million in Q1 2024, showing consistent top-line growth year-over-year.
  • Net Income Increase: Q1 2026 net income stood at $228.2 million versus $161.7 million in Q1 2025 and $131.5 million in Q1 2024, indicating improving profitability.
  • Gross Profit Expansion: Q1 2026 gross profit was $585.2 million representing a strong gross margin compared to prior quarters, suggesting operational efficiency.
  • Operating Cash Flow Strength: Net cash from operating activities surged to approximately $877 million in Q1 2026, significantly higher than $763 million in Q1 2025 and $505 million in Q1 2024, showing excellent cash generation capability.
  • Strong Liquidity Position: Cash and equivalents increased to about $1.96 billion as of Q1 2026, up from $1.2 billion in Q1 2025 and $1.1 billion in Q1 2024, supported by sizable short-term investments totaling over $4.1 billion, indicating strong liquidity.
  • Increasing Shareholder Equity: Total common equity rose to $6.21 billion in Q1 2026 from $4.89 billion in Q1 2025 and $3.94 billion in Q1 2024, reflecting retained earnings growth and solid equity base expansion.
  • Stable Operating Expenses: Selling, General & Administrative (SG&A) and R&D expenses have grown moderately but remain consistent with revenue increase, evidencing controlled spending.
  • Investment Activities: The company continues significant investing activities with purchases of investments outpacing sales, reflecting ongoing capital deployment for growth or liquidity management.
  • Modest Increase in Liabilities: Total liabilities were approximately $1.55 billion in Q1 2026, up from $1.15 billion in Q1 2025, proportionate to business expansion.
  • Fluctuating Deferred Tax Assets and Liabilities: The tax-related deferred assets and liabilities show some variability quarter to quarter, which may indicate changes in tax planning or benefit realizations impacting net income.

Overall, Veeva Systems shows robust financial health with steady improvements in revenue, profitability, cash flow, and equity over the last four years. Its strong cash reserves and investment in growth suggest a well-managed company with ample resources to capitalize on opportunities. Potential investors should monitor operating expenses and tax-related fluctuations, but the company’s trend remains favorable.

08/08/25 04:29 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Veeva Systems' Financials

When does Veeva Systems' fiscal year end?

According to the most recent income statement we have on file, Veeva Systems' financial year ends in January. Their financial year 2025 ended on January 31, 2025.

How has Veeva Systems' net income changed over the last 10 years?

Veeva Systems' net income appears to be on an upward trend, with a most recent value of $714.14 million in 2025, rising from $40.38 million in 2015. The previous period was $525.71 million in 2024. Find out what analysts predict for Veeva Systems in the coming months.

What is Veeva Systems' operating income?
Veeva Systems' total operating income in 2025 was $691.44 million, based on the following breakdown:
  • Total Gross Profit: $2.05 billion
  • Total Operating Expenses: $1.36 billion
How has Veeva Systems' revenue changed over the last 10 years?

Over the last 10 years, Veeva Systems' total revenue changed from $313.22 million in 2015 to $2.75 billion in 2025, a change of 776.9%.

How much debt does Veeva Systems have?

Veeva Systems' total liabilities were at $1.51 billion at the end of 2025, a 19.1% increase from 2024, and a 991.9% increase since 2015.

How much cash does Veeva Systems have?

In the past 10 years, Veeva Systems' cash and equivalents has ranged from $129.25 million in 2015 to $1.14 billion in 2022, and is currently $1.12 billion as of their latest financial filing in 2025.

How has Veeva Systems' book value per share changed over the last 10 years?

Over the last 10 years, Veeva Systems' book value per share changed from 3.12 in 2015 to 35.92 in 2025, a change of 1,053.2%.



This page (NYSE:VEEV) was last updated on 8/8/2025 by MarketBeat.com Staff
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