Friday 6 November 2026 Export VEEV’s income statement to Excel — free account

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

301.34 8.76 −2.82%

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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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Veeva Systems Inc. (VEEV) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2026: revenue by segment, and margins
Reportable Segment	3,195	100.00%
Gross margin		75.53%
Operating margin		28.68%
Pre-tax margin		37.38%

Revenue by product or service $m

Line	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
R&D and Quality Solutions	1,427 44.65%	1,180 42.95%	906 38.32%	787 36.51%	608 32.83%	435 29.67%	303 27.42%	—	—	—
Commercial Solutions	1,258 39.36%	1,105 40.23%	996 42.13%	946 43.91%	876 47.36%	745 50.84%	594 53.76%	395 45.82%	356 51.61%	308 55.88%
R&D and Quality Solutions	322 10.07%	277 10.07%	276 11.68%	245 11.36%	202 10.90%	144 9.80%	104 9.42%	—	—	—
Commercial Solutions	189 5.92%	185 6.75%	186 7.87%	177 8.22%	165 8.92%	142 9.69%	104 9.40%	63 7.26%	62 8.91%	63 11.37%
Subscription Services Veeva Vault	—	—	—	—	—	—	—	299 34.73%	203 29.40%	133 24.19%
Professional Services Veeva Vault	—	—	—	—	—	—	—	105 12.20%	70 10.08%	47 8.56%
Subscription	2,684	2,285	1,902	1,733	1,484	1,179	896	694	559	441
Professional services and other	511	462	462	422	367	286	208	168	131	110
Revenue	3,195	2,747	2,364	2,155	1,851	1,465	1,104	862	691	551

Gross profit by product or service $m, and margin

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Professional services and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Subscription	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by segment $m

Line	FY2026	FY2025	FY2024
Reportable Segment	3,195 100.00%	2,747 100.00%	2,364 100.00%
Revenue	3,195	2,747	2,364

Revenue by region $m

Line	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012
North America	1,903 59.57%	1,622 59.04%	1,387 58.70%	1,254 58.18%	1,064 57.48%	838 57.21%	608 55.04%	481 55.75%	378 54.71%	299 54.32%	225 55.10%	173 55.32%	124 59.22%	85 65.26%	48 78.50%
Europe	940 29.41%	791 28.79%	663 28.03%	599 27.79%	509 27.51%	401 27.36%	310 28.10%	229 26.53%	182 26.35%	164 29.86%	112 27.35%	82 26.11%	50 23.77%	29 22.41%	10 17.03%
Asia Pacific	280 8.77%	266 9.67%	251 10.60%	245 11.35%	226 12.21%	184 12.55%	151 13.68%	124 14.43%	107 15.55%	87 15.82%	72 17.55%	58 18.57%	36 17.01%	16 12.32%	3 4.47%
Other international	72 2.26%	68 2.49%	63 2.67%	58 2.68%	52 2.80%	42 2.88%	35 3.18%	28 3.28%	23 3.39%	—	—	—	—	—	—
Revenue	3,195	2,747	2,364	2,155	1,851	1,465	1,104	862	691	551	409	313	210	130	61

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Customers live on Vault CRM	Q2 FY2027	180.00	100.00	+80.00%

	Q2 FY2027	Q1 FY2027	Q4 FY2026	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025
Customers live on Vault CRM	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.