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Veeva Systems (VEEV) Financials

Veeva Systems logo
$167.29 -3.90 (-2.28%)
Closing price 05/6/2026 03:59 PM Eastern
Extended Trading
$167.36 +0.06 (+0.04%)
As of 05/6/2026 07:58 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 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 1/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 54 78 151 230 301 380 427 488 526 714 909
Consolidated Net Income / (Loss)		 54 78 151 230 301 380 427 488 526 714 909
Net Income / (Loss) Continuing Operations		 54 78 151 230 301 380 427 488 526 714 909
Total Pre-Tax Income 		79 122 166 239 314 394 512 509 588 919 1,195
Total Operating Income		 79 121 158 223 286 378 505 459 429 691 916
Total Gross Profit		 267 377 479 617 801 1,056 1,347 1,546 1,686 2,047 2,413
Total Revenue		 409 551 691 862 1,104 1,465 1,851 2,155 2,364 2,747 3,195
Operating Revenue		 409 551 691 862 1,104 1,465 1,851 2,155 2,364 2,747 3,195
Total Cost of Revenue		 142 174 211 245 303 409 504 609 677 700 782
Operating Cost of Revenue		 142 174 211 245 303 409 504 609 677 700 782
Total Operating Expenses		 188 256 321 394 514 678 842 1,087 1,257 1,356 1,497
Selling, General & Admin Expense		 41 49 60 86 114 149 172 218 247 266 301
Marketing Expense		 81 111 129 149 190 235 288 349 381 397 429
Research & Development Expense		 66 97 132 159 210 294 382 520 629 693 767
Total Other Income / (Expense), net		 0.03 1.67 7.84 16 27 16 6.82 50 159 228 278
Other Income / (Expense), net		 0.03 1.67 7.84 16 27 16 6.82 50 159 228 278
Income Tax Expense		 24 45 15 8.81 13 14 85 21 62 205 286
Basic Earnings per Share		 $0.41 $0.57 $1.08 $1.59 $2.04 $2.52 $2.79 $3.14 $3.27 $4.41 $5.55
Weighted Average Basic Shares Outstanding		 132.02M 135.70M 140.31M 144.24M 147.80M 150.67M 153.25M 155.39M 160.53M 161.88M 163.67M
Diluted Earnings per Share		 $0.38 $0.53 $0.98 $1.47 $1.90 $2.36 $2.63 $3.00 $3.22 $4.32 $5.44
Weighted Average Diluted Shares Outstanding		 144.98M 147.58M 153.68M 156.12M 158.30M 160.73M 162.28M 162.44M 163.49M 165.23M 167.00M
Weighted Average Basic & Diluted Shares Outstanding		 132.80M 134.90M 140M 144.50M 149.26M 154.36M - 159.81M 161.32M 162.70M 163.33M

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 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 7/31/2023 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 112 135 147 162 171 186 196 228 200 236 244
Consolidated Net Income / (Loss)		 112 135 147 162 171 186 196 228 200 236 244
Net Income / (Loss) Continuing Operations		 112 135 147 162 171 186 196 228 200 236 244
Total Pre-Tax Income 		143 171 183 207 225 242 245 299 265 313 318
Total Operating Income		 104 128 135 155 166 181 188 234 196 241 246
Total Gross Profit		 421 449 457 476 506 525 540 585 594 612 622
Total Revenue		 590 617 631 650 676 699 721 759 789 811 836
Operating Revenue		 590 617 631 650 676 699 721 759 789 811 836
Total Cost of Revenue		 169 168 174 174 170 174 181 174 195 199 213
Operating Cost of Revenue		 169 168 174 174 170 174 181 174 195 199 213
Total Operating Expenses		 317 320 321 321 339 343 351 351 398 371 377
Selling, General & Admin Expense		 63 62 59 61 61 72 71 69 96 68 68
Marketing Expense		 97 97 99 97 102 99 99 99 109 111 110
Research & Development Expense		 157 161 164 163 176 172 182 184 193 192 199
Total Other Income / (Expense), net		 39 42 47 52 59 61 57 65 69 72 72
Other Income / (Expense), net		 39 42 47 52 59 61 57 65 69 72 72
Income Tax Expense		 31 36 35 45 54 56 50 71 65 77 73
Basic Earnings per Share		 $0.70 $0.84 $0.91 $1.00 $1.06 $1.15 $1.20 $1.40 $1.23 $1.44 $1.48
Weighted Average Basic Shares Outstanding		 160.40M 160.77M 160.53M 161.42M 161.71M 161.99M 161.88M 162.75M 163.50M 164.05M 163.67M
Diluted Earnings per Share		 $0.68 $0.83 $0.90 $0.98 $1.04 $1.13 $1.17 $1.37 $1.19 $1.40 $1.48
Weighted Average Diluted Shares Outstanding		 163.28M 163.76M 163.49M 164.39M 164.56M 164.98M 165.23M 166.23M 167.69M 168.94M 167.00M
Weighted Average Basic & Diluted Shares Outstanding		 160.66M 161.02M 161.32M 161.65M 161.93M 162.35M 162.70M 163.41M 163.91M 164.38M 163.33M

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 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 1/31/2026
Net Change in Cash & Equivalents		 2.93 85 100 233 -72 252 410 -252 -183 414 302
Net Cash From Operating Activities		 80 144 233 311 437 551 764 780 911 1,090 1,415
Net Cash From Continuing Operating Activities		 80 144 233 311 437 551 764 779 911 1,090 1,409
Net Income / (Loss) Continuing Operations		 54 78 151 230 301 380 427 488 526 714 909
Consolidated Net Income / (Loss)		 54 78 151 230 301 380 427 488 526 714 909
Depreciation Expense		 8.46 14 14 14 20 29 27 29 33 39 38
Amortization Expense		 2.80 16 18 16 17 24 32 18 -8.34 -8.92 -9.69
Non-Cash Adjustments To Reconcile Net Income		 24 38 50 72 109 180 230 345 451 445 550
Changes in Operating Assets and Liabilities, net		 -10 -1.33 0.21 -21 -10 -62 48 -101 -90 -99 -79
Net Cash From Investing Activities		 -97 -97 -155 -104 -517 -334 -346 -1,008 -1,076 -700 -1,104
Net Cash From Continuing Investing Activities		 -97 -97 -155 -104 -517 -334 -346 -1,008 -1,076 -700 -1,104
Purchase of Property, Plant & Equipment		 -22 -7.51 -11 -9.82 -4.32 -8.68 -14 -14 -26 -21 -29
Purchase of Investments		 -313 -315 -438 -726 -753 -979 -1,117 -1,997 -2,698 -2,582 -3,133
Sale and/or Maturity of Investments		 365 226 295 632 688 654 793 1,003 1,648 1,902 2,058
Net Cash From Financing Activities		 19 38 21 26 10 34 -4.14 -19 -16 26 -9.33
Net Cash From Continuing Financing Activities		 19 38 21 26 10 34 -4.14 -19 -16 26 -9.33
Repurchase of Common Equity		 - - - - - - - - 0.00 0.00 -170
Other Financing Activities, net		 19 38 21 26 10 34 -4.14 -19 -16 26 161
Effect of Exchange Rate Changes		 0.05 - - - -2.86 0.48 -4.66 -4.99 -1.78 -1.74 0.92
Cash Income Taxes Paid		 20 14 12 20 14 18 59 168 134 322 230

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 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 7/31/2023 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026
Net Change in Cash & Equivalents		 -351 1.10 -40 494 -32 -121 74 846 -35 -270 -239
Net Cash From Operating Activities		 265 83 58 764 93 164 70 877 238 193 107
Net Cash From Continuing Operating Activities		 265 83 58 764 93 162 71 881 235 197 96
Net Income / (Loss) Continuing Operations		 112 135 147 162 171 186 196 228 200 236 244
Consolidated Net Income / (Loss)		 112 135 147 162 171 186 196 228 200 236 244
Depreciation Expense		 8.09 8.36 8.63 8.50 11 9.93 9.93 9.82 10 9.71 8.32
Amortization Expense		 -3.13 -4.97 -1.88 -2.38 -4.22 -5.49 3.18 -2.51 6.18 -10 -3.08
Non-Cash Adjustments To Reconcile Net Income		 106 98 109 96 110 24 214 88 143 183 136
Changes in Operating Assets and Liabilities, net		 42 -154 -205 499 -195 -52 -352 557 -125 -221 -290
Net Cash From Investing Activities		 -619 -73 -87 -272 -114 -298 -16 -52 -389 -495 -168
Net Cash From Continuing Investing Activities		 -619 -73 -87 -272 -114 -298 -16 -52 -389 -495 -168
Purchase of Property, Plant & Equipment		 -9.59 -5.91 -7.74 -8.48 -3.05 -4.27 -4.72 -5.91 -6.30 -9.89 -7.03
Purchase of Investments		 -988 -542 -556 -778 -614 -814 -375 -667 -786 -933 -747
Sale and/or Maturity of Investments		 379 474 477 514 504 520 364 621 403 448 586
Net Cash From Financing Activities		 2.58 -6.89 -10 3.83 -11 13 21 20 116 33 -178
Net Cash From Continuing Financing Activities		 2.58 -6.89 -10 3.83 -11 13 21 20 116 33 -178
Other Financing Activities, net		 2.58 -6.89 -10 3.83 -11 13 21 20 116 33 -8.10
Effect of Exchange Rate Changes		 0.29 -1.28 -0.81 -1.26 0.01 -0.09 -0.39 0.77 0.60 -0.49 0.05
Cash Income Taxes Paid		 6.23 94 34 4.23 159 76 83 14 113 38 65

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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 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 1/31/2026
Total Assets		 706 917 1,230 1,654 2,272 3,046 3,816 4,804 5,911 7,340 8,979
Total Current Assets		 501 712 1,012 1,433 1,531 2,311 3,107 3,969 5,003 6,309 7,998
Cash & Equivalents		 132 218 320 551 477 731 1,138 886 703 1,119 1,421
Short-Term Investments		 214 301 442 539 610 933 1,238 2,216 3,324 4,031 5,140
Accounts Receivable		 145 183 238 322 423 612 694 785 889 1,057 1,310
Prepaid Expenses		 9.96 10 12 22 22 36 37 81 87 101 126
Plant, Property, & Equipment, net		 47 50 52 55 55 54 54 50 59 56 70
Total Noncurrent Assets		 157 156 166 165 686 682 655 785 849 975 911
Goodwill		 96 96 96 96 439 436 440 440 440 440 440
Intangible Assets		 48 39 31 25 135 115 102 82 63 44 30
Noncurrent Deferred & Refundable Income Taxes		 9.36 16 2.22 5.94 12 14 5.10 137 233 344 273
Other Noncurrent Operating Assets		 4.70 4.06 36 39 101 117 108 126 113 147 168
Total Liabilities & Shareholders' Equity		 706 917 1,230 1,654 2,272 3,046 3,816 4,804 5,911 7,340 8,979
Total Liabilities		 201 265 324 416 606 780 905 1,088 1,266 1,507 1,765
Total Current Liabilities		 186 247 306 401 551 716 841 1,007 1,179 1,398 1,637
Accounts Payable		 4.60 5.68 6.94 9.11 19 23 20 42 32 30 38
Accrued Expenses		 11 12 13 16 22 31 36 35 33 36 46
Current Deferred Revenue		 157 214 267 356 469 617 732 869 1,050 1,274 1,489
Current Deferred & Payable Income Tax Liabilities		 0.75 3.23 2.08 4.09 5.61 2.59 7.76 4.95 12 9.02 6.70
Current Employee Benefit Liabilities		 12 12 17 15 26 30 34 44 43 39 46
Other Current Liabilities		 - - - - 10 12 11 11 9.33 9.97 12
Total Noncurrent Liabilities		 14 18 18 15 55 64 64 81 87 109 128
Noncurrent Deferred & Payable Income Tax Liabilities		 11 13 11 6.10 2.42 1.84 2.22 1.49 2.05 0.59 0.56
Other Noncurrent Operating Liabilities		 3.65 4.96 6.98 8.90 53 62 62 80 85 108 127
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		 505 653 906 1,238 1,666 2,266 2,912 3,716 4,645 5,832 7,215
Total Preferred & Common Equity		 505 653 906 1,238 1,666 2,266 2,912 3,716 4,645 5,832 7,215
Total Common Equity		 505 653 906 1,238 1,666 2,266 2,912 3,716 4,645 5,832 7,215
Common Stock		 362 440 515 618 745 966 1,197 1,533 1,915 2,386 2,843
Retained Earnings		 143 213 389 619 920 1,300 1,727 2,215 2,740 3,455 4,364
Accumulated Other Comprehensive Income / (Loss)		 0.17 0.11 1.60 0.93 0.46 0.99 -12 -31 -11 -8.42 8.16

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 Q2 2026 Q3 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 7/31/2025 10/31/2025
Total Assets		 4,183 4,183 5,023 5,228 5,226 6,188 6,331 6,453 7,765 7,999 8,097
Total Current Assets		 3,386 3,386 4,188 4,362 4,336 5,245 5,368 5,447 6,708 6,995 7,112
Cash & Equivalents		 865 865 1,094 743 744 1,197 1,166 1,045 1,965 1,930 1,660
Short-Term Investments		 2,157 2,157 2,521 3,126 3,199 3,568 3,719 4,018 4,103 4,473 4,977
Accounts Receivable		 325 325 451 417 300 401 404 301 541 472 372
Prepaid Expenses		 39 39 122 76 93 79 79 83 98 118 103
Plant, Property, & Equipment, net		 51 51 50 57 58 58 57 56 59 61 66
Total Noncurrent Assets		 745 745 785 809 832 885 906 950 999 944 919
Goodwill		 440 440 440 440 440 440 440 440 440 440 440
Intangible Assets		 87 87 78 73 68 58 53 49 41 36 33
Noncurrent Deferred & Refundable Income Taxes		 99 99 156 184 218 266 291 323 366 310 287
Other Noncurrent Operating Assets		 119 119 111 112 106 120 122 139 152 158 160
Total Liabilities & Shareholders' Equity		 4,183 4,183 5,023 5,228 5,226 6,188 6,331 6,453 7,765 7,999 8,097
Total Liabilities		 764 764 1,080 1,076 846 1,298 1,146 951 1,554 1,361 1,057
Total Current Liabilities		 690 690 1,006 1,002 768 1,223 1,070 857 1,457 1,255 945
Accounts Payable		 41 41 44 50 36 32 28 32 37 34 33
Accrued Expenses		 33 33 32 32 33 41 33 31 32 59 32
Current Deferred Revenue		 510 510 870 837 644 1,029 956 740 1,246 1,108 822
Current Deferred & Payable Income Tax Liabilities		 54 54 4.62 24 6.56 72 5.62 11 91 3.66 6.02
Current Employee Benefit Liabilities		 40 40 44 48 38 39 37 35 39 41 41
Other Current Liabilities		 12 12 11 11 9.64 10 10 9.16 11 11 11
Total Noncurrent Liabilities		 74 74 74 74 78 75 76 94 97 106 112
Noncurrent Deferred & Payable Income Tax Liabilities		 1.55 1.55 1.41 1.28 1.15 0.71 0.59 0.48 0.53 0.44 0.37
Other Noncurrent Operating Liabilities		 72 72 73 72 77 74 75 94 97 105 111
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		 3,419 3,419 3,943 4,153 4,380 4,889 5,185 5,501 6,211 6,639 7,041
Total Preferred & Common Equity		 3,419 3,419 3,943 4,153 4,380 4,889 5,185 5,501 6,211 6,639 7,041
Total Common Equity		 3,419 3,419 3,943 4,153 4,380 4,889 5,185 5,501 6,211 6,639 7,041
Common Stock		 1,438 1,438 1,623 1,729 1,824 2,018 2,117 2,249 2,519 2,757 2,911
Retained Earnings		 2,026 2,026 2,346 2,458 2,593 2,902 3,073 3,259 3,683 3,883 4,119
Accumulated Other Comprehensive Income / (Loss)		 -46 -46 -26 -34 -38 -31 -5.58 -6.46 8.91 -2.00 9.91

Annual Metrics And Ratios for Veeva Systems

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

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Period end date 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 1/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 164,381,855.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 164,381,855.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 5.53
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 54 77 144 215 275 364 422 440 384 537 697
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 11.83% 8.26% 9.21% 9.66%
Earnings before Interest and Taxes (EBIT)		 79 122 166 239 314 394 512 509 588 919 1,195
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 90 152 198 269 351 447 572 557 612 950 1,223
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -96 102 134 211 -157 408 422 362 380 472 725
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 159 134 144 148 579 536 536 614 617 682 654
Increase / (Decrease) in Invested Capital		 150 -25 10 3.31 431 -43 0.00 78 3.44 65 -28
Book Value per Share		 $3.80 $4.76 $6.41 $8.52 $11.21 $19.22 $18.94 $23.87 $28.85 $35.92 $43.89
Tangible Book Value per Share		 $2.72 $3.77 $5.51 $7.69 $7.35 $15.65 $15.41 $20.51 $25.72 $32.94 $41.03
Total Capital		 505 653 906 1,238 1,666 2,912 2,912 3,716 4,645 5,832 7,215
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		 -346 -519 -762 -1,090 -1,087 -2,376 -2,376 -3,103 -4,028 -5,150 -6,561
Capital Expenditures (CapEx)		 22 7.51 11 9.82 4.32 8.68 14 14 26 21 29
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -32 -54 -56 -58 -107 -110 -110 -140 -203 -240 -200
Debt-free Net Working Capital (DFNWC)		 315 465 706 1,032 980 2,266 2,266 2,963 3,824 4,910 6,361
Net Working Capital (NWC)		 315 465 706 1,032 980 2,266 2,266 2,963 3,824 4,910 6,361
Net Nonoperating Expense (NNE)		 -0.02 -1.06 -7.15 -15 -26 -16 -5.69 -48 -142 -177 -212
Net Nonoperating Obligations (NNO)		 -346 -519 -762 -1,090 -1,087 -2,376 -2,376 -3,103 -4,028 -5,150 -6,561
Total Depreciation and Amortization (D&A)		 11 30 32 30 37 53 60 48 24 30 28
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.41 $0.51 $1.01 $1.59 $2.04 $0.00 $0.00 $3.14 $3.27 $4.41 $5.55
Adjusted Weighted Average Basic Shares Outstanding		 132.02M 135.70M 140.31M 144.24M 147.80M 0.00 0.00 155.39M 160.53M 161.88M 163.67M
Adjusted Diluted Earnings per Share		 $0.38 $0.47 $0.92 $1.47 $1.90 $0.00 $0.00 $3.00 $3.22 $4.32 $5.44
Adjusted Weighted Average Diluted Shares Outstanding		 144.98M 147.58M 153.68M 156.12M 158.30M 0.00 0.00 162.44M 163.49M 165.23M 167.00M
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		 134.15M 138.70M 142.39M 146.43M 149.26M 0.00 0.00 159.81M 161.32M 162.70M 163.33M
Normalized Net Operating Profit after Tax (NOPAT)		 54 77 144 215 275 364 422 440 384 537 697
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Veeva Systems

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

Metric Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026
Period end date 7/31/2023 10/31/2023 1/31/2024 4/30/2024 7/31/2024 10/31/2024 1/31/2025 4/30/2025 7/31/2025 10/31/2025 1/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 164,381,855.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 164,381,855.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.49
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 81 102 109 121 127 139 150 178 148 182 189
Return On Investment Capital (ROIC_SIMPLE)		 - - 2.35% - - - 2.58% 2.87% 2.23% 2.58% 2.62%
Earnings before Interest and Taxes (EBIT)		 143 171 183 207 225 242 245 299 265 313 318
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 148 174 189 213 232 247 258 306 282 312 323
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -203 -336 106 325 111 138 85 160 213 217 217
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 284 437 617 124 300 438 682 143 235 403 654
Increase / (Decrease) in Invested Capital		 284 437 3.44 -204 16 0.93 65 18 -65 -35 -28
Book Value per Share		 $25.92 $27.26 $28.85 $30.31 $32.07 $33.97 $35.92 $38.18 $40.62 $42.95 $43.89
Tangible Book Value per Share		 $22.72 $24.10 $25.72 $27.22 $29.02 $30.96 $32.94 $35.22 $37.71 $40.07 $41.03
Total Capital		 4,153 4,380 4,645 4,889 5,185 5,501 5,832 6,211 6,639 7,041 7,215
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		 -3,869 -3,942 -4,028 -4,765 -4,885 -5,063 -5,150 -6,068 -6,404 -6,637 -6,561
Capital Expenditures (CapEx)		 9.59 5.91 7.74 8.48 3.05 4.27 4.72 5.91 6.30 9.89 7.03
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -509 -375 -203 -743 -588 -473 -240 -817 -664 -470 -200
Debt-free Net Working Capital (DFNWC)		 3,360 3,568 3,824 4,022 4,297 4,590 4,910 5,251 5,740 6,167 6,361
Net Working Capital (NWC)		 3,360 3,568 3,824 4,022 4,297 4,590 4,910 5,251 5,740 6,167 6,361
Net Nonoperating Expense (NNE)		 -30 -33 -38 -40 -45 -47 -45 -50 -52 -54 -55
Net Nonoperating Obligations (NNO)		 -3,869 -3,942 -4,028 -4,765 -4,885 -5,063 -5,150 -6,068 -6,404 -6,637 -6,561
Total Depreciation and Amortization (D&A)		 4.96 3.39 6.75 6.12 6.80 4.44 13 7.31 16 -0.58 5.24
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.70 $0.84 $0.91 $1.00 $1.06 $1.15 $1.20 $1.40 $1.23 $1.44 $1.48
Adjusted Weighted Average Basic Shares Outstanding		 160.40M 160.77M 160.53M 161.42M 161.71M 161.99M 161.88M 162.75M 163.50M 164.05M 163.67M
Adjusted Diluted Earnings per Share		 $0.68 $0.83 $0.90 $0.98 $1.04 $1.13 $1.17 $1.37 $1.19 $1.40 $1.48
Adjusted Weighted Average Diluted Shares Outstanding		 163.28M 163.76M 163.49M 164.39M 164.56M 164.98M 165.23M 166.23M 167.69M 168.94M 167.00M
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		 160.66M 161.02M 161.32M 161.65M 161.93M 162.35M 162.70M 163.41M 163.91M 164.38M 163.33M
Normalized Net Operating Profit after Tax (NOPAT)		 81 102 109 121 127 139 150 178 148 182 189
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Financials Breakdown Chart

Key Financial Trends

Veeva Systems (NYSE: VEEV) has shown a strong revenue growth trajectory with consistently high gross margins over the last four years, alongside solid cash flow generation and a well-capitalized balance sheet. While there is seasonality in cash flow from investing activities due to large holdings in marketable securities, the company has remained profitable and cash-rich, supporting ongoing growth and potential shareholder value.

  • Revenue growth with stable gross margins: Operating revenue rose from about $630.6 million in Q4 2024 to $835.9 million in Q4 2026, while total gross profit stayed around 74–75% of revenue, signaling strong pricing power and durable product demand.
  • Net income and earnings per share are trending higher: Net income for Q4 2026 reached $244.2 million, up from $195.6 million in Q4 2025, with diluted earnings per share at $1.48, reflecting improving profitability per share as the business scales.
  • Robust operating cash flow across quarters: Net cash from continuing operating activities was strong in early 2026 (e.g., about $880.8 million in Q1 2026) and remained positive in subsequent quarters, underscoring healthy cash generation from the core business.
  • Solid liquidity and conservative leverage: Cash and equivalents were around $1.66 billion in mid-2026, with total liabilities about $1.05 billion and total equity near $7.0 billion, indicating ample liquidity and a low-debt profile to fund growth and potential returns to shareholders.
  • Investing cash flow variability due to securities activity: The company routinely engages in substantial purchases of investments (e.g., hundreds of millions in several quarters) and later securitizes or liquidates some of these holdings, causing fluctuations in net cash from investing activities. This reflects active liquidity management rather than ongoing cash burn.
  • R&D intensity remains meaningful: Research and development expense typically runs in the tens to low hundreds of millions and represents a sizable portion of revenue, highlighting ongoing investment in product development and platform enhancements.
  • Quarterly cash burn from investing activities: Several quarters show negative net cash from investing activities, as large investments and maturities offset operating cash flow in the short term, contributing to declines in cash balance within those periods.
  • Seasonal cash balance fluctuations and negative net changes in cash: In some quarters (notably later 2026 periods), net change in cash and equivalents declined, reflecting timing of investing and financing outflows despite solid earnings.

Bottom line for retail investors: Veeva has demonstrated durable revenue growth and strong margins, with ample cash on hand and a conservative balance sheet. The main near-term considerations are the cash flow cadence related to investing activities and the seasonality in cash at quarter ends. If the company continues to grow revenue while maintaining margins and managing its investment activities, it should remain well-positioned for profitability and potential upside for shareholders.

05/07/26 02:34 AM ETAI 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 2026 ended on January 31, 2026.

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 $908.91 million in 2026, rising from $54.46 million in 2016. The previous period was $714.14 million in 2025. See Veeva Systems' forecast for analyst expectations on what’s next for the company.

What is Veeva Systems' operating income?
Veeva Systems' total operating income in 2026 was $916.37 million, based on the following breakdown:
  • Total Gross Profit: $2.41 billion
  • Total Operating Expenses: $1.50 billion
How has Veeva Systems' revenue changed over the last 10 years?

Over the last 10 years, Veeva Systems' total revenue changed from $409.22 million in 2016 to $3.20 billion in 2026, a change of 680.8%.

How much debt does Veeva Systems have?

Veeva Systems' total liabilities were at $1.76 billion at the end of 2026, a 17.1% increase from 2025, and a 779.9% increase since 2016.

How much cash does Veeva Systems have?

In the past 10 years, Veeva Systems' cash and equivalents has ranged from $132.18 million in 2016 to $1.42 billion in 2026, and is currently $1.42 billion as of their latest financial filing in 2026.

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 3.80 in 2016 to 43.89 in 2026, a change of 1,055.3%.


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Financial statements for NYSE:VEEV last updated on 3/21/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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