Veeva Systems Inc.
VEEV Healthcare Health Information Services
Veeva Systems Inc.’s revenue for fiscal 2026 (year ended January 2026) was $3.2 billion, up 16.3% from fiscal 2025. In the quarter to July 2026, revenue grew 17.6%, EPS grew 36.6% and free cash flow was flat, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for ten consecutive years, operating cash flow growth for ten.
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Veeva Systems Inc. (VEEV) Operating margin
Veeva Systems Inc.'s operating margin over the twelve months to 31 July 2026 was 29.9%, up 1.2 percentage points from fiscal 2026 (28.7%). Over the past ten years it has ranged from 18.2% (fiscal 2024) to 28.7% (fiscal 2026) — the current reading is the highest in ten years. That is above the Health Information Services industry median of −9.45% and above the Healthcare sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2026 | 28.7% | 3.51 |
| FY2025 | 25.2% | 7.01 |
| FY2024 | 18.2% | (3.14) |
| FY2023 | 21.3% | (6.01) |
| FY2022 | 27.3% | 1.52 |
| FY2021 | 25.8% | (0.13) |
| FY2020 | 25.9% | 0.07 |
| FY2019 | 25.9% | 2.98 |
| FY2018 | 22.9% | 0.95 |
| FY2017 | 21.9% | 2.72 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jul 2026 | 29.6% | (1.29) |
| Apr 2026 | 30.9% | 1.52 |
| Jan 2026 | 29.4% | (0.28) |
| Oct 2025 | 29.7% | 4.86 |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| VEEV Veeva Systems Inc. | 29.9% |
| DOCS Doximity, Inc. compare | 29.6% |
| HQY HealthEquity, Inc. compare | 25.8% |
| WAY Waystar Holding Corp. compare | 22.9% |
| HNGE Hinge Health Inc. compare | 13.0% |
| BTSG BrightSpring Health Services, Inc. compare | 3.12% |
| TXG 10x Genomics compare | −14.3% |
| TEM Tempus AI, Inc. compare | −19.8% |
| HTFL Heartflow, Inc. compare | −37.8% |
| Health Information Services industry median | −9.45% |
| Healthcare sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on VEEV
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement