VEEV

Veeva Systems
D

VEEV

Arincen79/100B

If you had invested in Veeva Systems ago, it would be worth $8,091 today, against $4,128 in SPY and $6,186 in QQQ.

ArincenArincen ScoreBeta

79/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders3.3

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2026; the price as of today.

Veeva Systems key facts

Style
Growth stock · 6.4/10Growth 6.4 · Value 5.0
Day range
295.00 – 305.51
52-week range
148.05 – 325.99
Market capitalization
49.20B USD
P/E
48.93
PEG ratio
2.26
EPS
6.21
EPS growth forecast (FY2027)
+14.6%
Volume
6
Beta
0.90
ESG score
61.1/100Environment 60 · Social 61 · Governance 62
Sector
Technology
Industry
Software - Application
CEO
Peter Gassner
Employees
8K
Website
veeva.com
IPO date
16 Oct 2013

Veeva Systems earnings

Next earnings · Q3 FY2027
EPS estimate
2.33 USD
Revenue estimate
935.01M USD
Last quarter · Q2 FY2027
EPS2.35Beat +5.4%Revenue927.96MBeat +2.5%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q2 FY20282.56——+8.84%1.03B——+11.40%
Q1 FY20282.45——+9.40%990.12M——+12.14%
Q4 FY20272.31——+12.04%944.08M——+12.93%
Q3 FY20272.33——+14.22%935.01M——+15.26%
Q2 FY20272.232.35+5.38%+18.09%905.38M927.96M+2.49%+17.60%
Q1 FY20272.142.24+4.67%+13.71%857.73M882.95M+2.94%+16.32%
Q4 FY20261.942.06+6.19%+18.39%810.67M835.95M+3.12%+15.96%
Q3 FY20261.952.04+4.62%+16.57%792.79M811.24M+2.33%+16.02%
Q2 FY20261.901.99+4.74%+22.84%768.45M789.08M+2.69%+16.70%
Q1 FY20261.741.97+13.22%+31.33%728.40M759.04M+4.21%+16.71%

Veeva Systems analyst forecast

12-month price target
300.50 USD
-1.10%

Analysts' 1-year price targets range from 165.00 to 375.00, with an average of 300.50.

Past year
1-year forecast
Strong sellStrong buy
Buy
23 ratings
Buy
15
Hold
7
Sell
1

12-month price target

Highest target375.00
Average target300.50
Lowest target165.00
Current price303.85

Veeva Systems valuation

Price to earnings ratio (TTM)
48.93
Forward P/E (FY2027)
32.90
Price to sales (TTM)
14.23
Price to book
6.62
EV / EBITDA (TTM)
32.47

Capital structure

Market capitalization
49.20B USD
+
Total debt
151.70M USD
−
Cash and short-term investments
7.24B USD
=
Enterprise value
42.10B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2029 (est.)26.32————
FY2028 (est.)29.5626.32———
FY2027 (est.)32.9029.56———
Now (TTM)48.9330.2614.236.6232.47
FY202636.7422.0810.444.6325.74
FY202552.8929.3813.756.4738.30
FY202463.4332.1414.097.1752.22
FY202354.3235.8412.307.1346.96
FY202284.7856.5919.5912.4564.02

Veeva Systems against its own history

Each figure in the latest fiscal year against the same figure from FY2022 to FY2026: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Roper Technologies, Strategy, Workday, Autodesk, Datadog, and Cadence Design Systems, the US Software - Application companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median48.9
    26.6114.7
  • Gross marginHighest in 5 years75.5%
    71.3%75.5%
    Against its peers: 5 of 7Peers' median 77.8%
  • Operating marginHighest in 5 years28.7%
    18.2%28.7%
    Against its peers: 2 of 7Peers' median 16.3%
  • Net marginHighest in 5 years28.4%
    22.2%28.4%
    Against its peers: 1 of 7Peers' median 11.4%
  • Return on equityAt its median12.6%
    11.3%14.7%
    Against its peers: 3 of 7Peers' median 8.3%
  • Free cash flow marginHighest in 5 years43.4%
    35.6%43.4%
    Against its peers: 1 of 7Peers' median 29.6%
  • Revenue growthAt its median16.3%
    9.7%26.3%
    Against its peers: 3 of 7Peers' median 13.6%
  • EPS growthAbove its median25.9%
    7.3%34.2%
    Against its peers: 2 of 6Peers' median 2.1%
  • Debt to EBITDALowest in 5 years0.08×
    0.08×0.11×
    Against its peers: 1 of 6Peers' median 2.82×
  • Current ratioHighest in 5 years4.89
    3.704.89
    Against its peers: 2 of 7Peers' median 2.09

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Veeva Systems growth and profitability

Revenue (TTM)
3.46B USD
Net income (TTM)
1.01B USD
Gross margin
74.96%
Operating margin
29.93%
Net margin
29.34%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20263.20B+16.34%908.91M+27.27%75.53%28.68%28.44%1.24B+29.85%
FY20252.75B+16.20%714.14M+35.84%74.53%25.17%26.00%958.76M+53.36%
FY20242.36B+9.68%525.71M+7.79%71.35%18.16%22.24%625.17M+14.34%
FY20232.16B+16.44%487.71M+14.11%71.72%21.30%22.63%546.76M-0.46%
FY20221.85B+26.33%427.39M+12.47%72.79%27.31%23.09%549.28M+31.68%

Veeva Systems revenue breakdown

By product

FY2026
Subscription: 84.0%Professional services and other: 16.0%84.0%Subscription16.0%Professional services and other
SegmentRevenueShare of revenueChange on the year
Subscription2.68B84.0%—
Professional services and other511.12M16.0%—

By region

FY2026
North America: 60.9%Europe: 30.1%Asia Pacific: 9.0%60.9%North America30.1%Europe9.0%Asia Pacific
RegionRevenueShare of revenueChange on the year
North America1.90B60.9%+17.4%
Europe939.63M30.1%+18.8%
Asia Pacific280.16M9.0%+5.4%

How Veeva Systems makes its money

Subscription2.68B 84.0%
Professional services and other511.12M 16.0%
Revenue3.20B 100.0%
Cost of revenue782.02M 24.5%
Gross profit2.41B 75.5%
Research and development767.39M 24.0%
Selling and administration729.54M 22.8%
Operating income916.37M 28.7%
Tax285.60M 8.9%
Net income908.91M 28.4%

FY2026, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Veeva Systems financial health

Cash and short-term investments
7.24B USD
Total debt
151.70M USD
Net cash
7.09B USD
Free cash flow (TTM)
1.64B USD
Current ratio
5.46
Debt to equity
0.02
Piotroski score
5 / 9
Altman Z-score
20.93

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20266.56B95.86M1.39B
FY20255.15B75.78M1.07B
FY20244.03B55.78M885.14M
FY20233.10B60.98M766.96M
FY20222.38B54.59M750.25M

Veeva Systems ownership

Institutions
90.06%
Institutional holders
1,110 (+49)
Free float
91.58%

Who owns the shares

Institutions 90.1% Others 9.9%
As of 30 Jun 2026

Shares free to trade

Free float 148.27M shares ·91.6% Closely held 13.63M shares ·8.4%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 20260524.50K275.88K
Q3 20260773.02K362.89K
Q2 20260238.88K16.97K
Q1 2026027.89K11.95K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2026163.67M167.00M+1.07%
FY2025161.88M165.23M+1.07%
FY2024160.53M163.49M+0.65%
FY2023155.39M162.44M+0.10%
FY2022153.25M162.28M+0.96%

Source: Financial Modeling Prep

Related Instruments

Title: Veeva Systems

Sector: Healthcare
Industry: Software - Application
Veeva is the global leading supplier of cloud-based software solutions for the life sciences industry. The company's best-of-breed offerings address operating and regulatory requirements for customers ranging from small, emerging biotechnology companies to departments of global pharmaceutical manufacturers. The company leverages its domain expertise to improve the efficiency and compliance of the underserved life sciences industry, displacing large, highly customized and dated enterprise resource planning systems that have limited flexibility. Its two main products are Veeva CRM, a customer relationship management platform for companies with a salesforce, and Veeva Vault, a content management platform that tackles various functions within any life sciences company.

Common questions about Veeva Systems stock

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