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.

Revenue
+17.6%
EPS
+36.6%
Free cash flow
−0.62%

Quarter to July 2026, against a year earlier

303.78 6.32 −2.04%
Market cap
$50.2B
P/E
49.8×
Fwd P/E
47.9×
Dividend yield
—
F-score
7/9
Altman Z
13.57
Beneish M
−2.63
Dividend safety
n/a

Veeva Systems Inc. (VEEV) Operating margin

Alert me on 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 −10.5% and above the Healthcare sector median of 0.00%.

Operating margin, annual

Embed this chart

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

Against its own ten years

Low 18.2% High 28.7%
Ten-year median 24.0%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
VEEV Veeva Systems Inc. 29.9%
DOCS Doximity, Inc. compare 26.3%
HQY HealthEquity, Inc. compare 25.8%
WAY Waystar Holding Corp. compare 21.9%
HNGE Hinge Health Inc. compare 13.0%
BTSG BrightSpring Health Services, Inc. compare 3.41%
PRVA Privia Health Group, Inc. compare 2.10%
TEM Tempus AI, Inc. compare −18.5%
HTFL Heartflow, Inc. compare −37.8%
Health Information Services industry median −10.5%
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

The full definition of Operating margin →

More on VEEV