Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.MoreShow less
Profile & Fundamentals
Veeva Systems (VEEV.NYSE) Profile & Fundamentals
Review Veeva Systems reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
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Company and Market Context
Veeva Systems: Company Profile & Ownership
Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America. The company offers Veeva Commercial Cloud comprising Veeva Vault CRM Suite for pharmaceutical and biotechnology companies; Veeva Medical that provides source of medical content across multiple channels and geographies; Veeva PromoMats, an end-to-end content and digital asset management solution; and Veeva Crossix, an analytics platform for pharmaceutical brands. It also provides Veeva Data Cloud, such as Veeva OpenData, a customer reference data solution; Veeva Link, which provides deep data; Veeva Compass, which includes de-identified and longitudinal patient data; and Veeva CRM Pulse that provides access and multichannel engagement metrics. In addition, the company offers Veeva Development Cloud consisting of Veeva Clinical Platform, which advances clinical trial execution; Veeva Clinical Data Management that helps sponsors and CROs design and run trials; Veeva Safety, which unifies systems and processes; Veeva RIM that provides regulatory information management capabilities, as well as Veeva Quality Cloud, which is used by the life sciences and consumer products industries; and Veeva Business Consulting services. Further, it provides professional and support services, including implementation and deployment planning, and project management; requirements analysis, solution design, and configuration; systems environment management and deployment; services focused on advancing or transforming business and operating processes; technical consulting services on data migration and systems integrations; training; and ongoing managed services, such as outsourced systems administration. The company was formerly known as Verticals onDemand, Inc. and changed its name to Veeva Systems Inc. in April 2009. Veeva Systems Inc. was incorporated in 2007 and is headquartered in Pleasanton, California.
Company profile record
Veeva Systems Inc Class A
Common Stock · Health Care · Health Care Technology
Company
- Company / asset
- Veeva Systems Inc Class A
- Security type
- Common Stock
- Sector
- Health Care
- Industry
- Health Care Technology
- HQ
- 🇺🇸 United States
- Head office
- 4280 Hacienda Drive, Pleasanton, CA, United States, 94588
Leadership & scale
- Chief executive
- Mr. Peter P. Gassner
- CEO year born
- 1965
- Full-time employees
- 7.9K
- Fiscal year end
- January
- IPO date
- 2013-10-16
Fundamentals snapshot
- Market Cap
- USD 50.4B
- P/E
- 49.7x
- Revenue (Q3 26)
- USD 928.0M
- Profit (Q3 26)
- USD 273.4M
- Dividend Yield
- --
- Revenue (FY 26)
- USD 3.2B
- Shares in public float
- 148.3M
- Insider ownership
- 8.62%
Reporting & identifiers
- Symbol
- VEEV.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US9224751084
- Asset ID
- equity_3448ed91-1365-51d0-8e39-1bb85c70b3f8
Veeva Systems: Ownership
Shares Outstanding
Latest: 165.1M | Max: 168.0M | Min: 154.3M
Latest reported ownership snapshot
Float Shares
89.83%
148.3M latest reported shares
Insider Ownership
8.62%
Latest reported insider stake
Short Float
0.03%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 154,256,000 |
| 2018-01-01 | 156,025,000 |
| 2019-01-01 | 158,750,000 |
| 2020-01-01 | 161,711,000 |
| 2021-01-01 | 163,034,000 |
| 2022-01-01 | 162,295,000 |
| 2023-01-01 | 163,761,000 |
| 2024-01-01 | 164,979,000 |
| 2025-01-01 | 167,953,000 |
| 2026-01-01 | 165,057,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 12,862,503 | 7.94% | 2026-06-30 |
| Vanguard Capital Management, LLC | 9,692,862 | 5.99% | 2026-06-30 |
| Vanguard Portfolio Management, LLC | 7,414,743 | 4.58% | 2026-06-30 |
| State Street Corp | 6,706,909 | 4.14% | 2026-06-30 |
| AllianceBernstein L.P. | 4,913,322 | 3.03% | 2026-06-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 4,629,129 | 2.86% | 2026-09-30 |
| Geode Capital Management, LLC | 4,508,933 | 2.78% | 2026-06-30 |
| Linonia Partnership LP | 4,409,598 | 2.72% | 2026-06-30 |
| Principal Financial Group Inc | 4,249,364 | 2.62% | 2026-09-30 |
| Vanguard 500 Index Investor | 3,924,374 | 2.42% | 2026-09-30 |
| AQR Capital Management LLC | 3,498,371 | 2.16% | 2026-06-30 |
| T. Rowe Price Associates, Inc. | 3,161,584 | 1.95% | 2026-06-30 |
| Vanguard MStar Mid Cap Index Instl | 3,120,302 | 1.93% | 2026-09-30 |
| T. Rowe Price Investment Management,Inc. | 3,043,660 | 1.88% | 2026-06-30 |
| Principal MidCap R5 | 2,625,426 | 1.62% | 2026-09-30 |
Veeva Systems: Earnings, Profitability & Valuation
Latest Financials Filed On
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Financial results demonstrate powerful operational momentum driven by non-discretionary software subscriptions. In fiscal 2026, revenue grew 16.3% to $3.20 billion while operating income surged 32.5% to $916 million, supported by the July 2026 quarter delivering $928 million in revenue. Subscription revenues now represent over 80% of sales, providing predictable recurring cash flow across economic cycles. Behind headline expansion, cash flow generation outpaces accounting profits. Trailing twelve-month free cash flow reached $1.64 billion, reflecting an exceptional cash conversion margin above 40%. While implementation services grew quickly to support customer migrations, high-margin subscriptions remain the fundamental engine driving long-term earnings compounding.
Financial results demonstrate powerful operational momentum driven by non-discretionary software subscriptions. In fiscal 2026, revenue grew 16.3% to $3.20 billion while operating income surged 32.5% to $916 million, supported by the July 2026 quarter delivering $928 million in revenue. Subscription revenues now represent over 80% of sales, providing predictable recurring cash flow across economic cycles. Behind headline expansion, cash flow generation outpaces accounting profits. Trailing twelve-month free cash flow reached $1.64 billion, reflecting an exceptional cash conversion margin above 40%. While implementation services grew quickly to support customer migrations, high-margin subscriptions remain the fundamental engine driving long-term earnings compounding.
Revenue, Net Income, and Free Cash Flow
Latest: USD 3.2B | Max: USD 3.2B | Min: USD 77.6M
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 37x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins are expanding structurally as the business achieves software economies of scale. Gross margins reached 75.5% in fiscal 2026, while operating margin expanded to 28.7%, up from 18.2% two years earlier. High pricing power in mission-critical regulatory compliance tools ensures that incremental subscription sales drop directly to operating profit. The critical operational inflection lies in shedding third-party platform licensing fees over the next three years. As customer migrations wrap up, eliminating partner royalties will structurally propel gross margins toward 78%, permanently lifting underlying profitability and protecting cash flows from broader wage inflation.
Profitability margins are expanding structurally as the business achieves software economies of scale. Gross margins reached 75.5% in fiscal 2026, while operating margin expanded to 28.7%, up from 18.2% two years earlier. High pricing power in mission-critical regulatory compliance tools ensures that incremental subscription sales drop directly to operating profit. The critical operational inflection lies in shedding third-party platform licensing fees over the next three years. As customer migrations wrap up, eliminating partner royalties will structurally propel gross margins toward 78%, permanently lifting underlying profitability and protecting cash flows from broader wage inflation.
Profitability Margins
Latest: 75.5% | Max: 75.5% | Min: 14.3%
Latest Profitability Ratios as of 2026-01-31
Gross Margin
75.5%
Gross profit / revenue
Operating Margin
28.7%
Operating income / revenue
Net Margin
28.4%
Net income / revenue
FCF Margin
43.4%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2017-01-31 | 544,043,000 | 77,572,000 | 137,088,000 |
| 2018-01-31 | 690,559,000 | 151,177,000 | 223,805,000 |
| 2019-01-31 | 862,210,000 | 229,832,000 | 302,387,000 |
| 2020-01-31 | 1,104,081,000 | 301,118,000 | 434,262,000 |
| 2021-01-31 | 1,465,069,000 | 379,998,000 | 542,563,000 |
| 2022-01-31 | 1,850,777,000 | 427,390,000 | 750,249,000 |
| 2023-01-31 | 2,155,060,000 | 487,706,000 | 766,958,000 |
| 2024-01-31 | 2,363,673,000 | 525,705,000 | 885,143,000 |
| 2025-01-31 | 2,746,619,000 | 714,138,000 | 1,069,531,999 |
| 2026-01-31 | 3,195,311,000 | 908,906,000 | 1,386,094,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2026-01-31 | 37 | Trailing four quarters |
| 2025-01-31 | 54.9 | Trailing four quarters |
| 2024-01-31 | 65.1 | Trailing four quarters |
| 2023-01-31 | 57.3 | Annual net income |
| 2022-01-31 | 89.8 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2017-01-31 | 68.08 | 22.18 | 14.26 | 25.2 |
| 2018-01-31 | 69.38 | 22.87 | 21.89 | 32.41 |
| 2019-01-31 | 71.55 | 25.85 | 26.66 | 35.07 |
| 2020-01-31 | 72.52 | 25.92 | 27.27 | 39.33 |
| 2021-01-31 | 72.09 | 25.79 | 25.94 | 37.03 |
| 2022-01-31 | 72.79 | 27.31 | 23.09 | 40.54 |
| 2023-01-31 | 71.72 | 21.3 | 22.63 | 35.59 |
| 2024-01-31 | 71.35 | 18.16 | 22.24 | 37.45 |
| 2025-01-31 | 74.53 | 25.17 | 26 | 38.94 |
| 2026-01-31 | 75.53 | 28.68 | 28.44 | 43.38 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-10.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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