NYSE · Financial Statements

Veeva Systems Inc. (VEEV) Financial Statements

$323.04 NYSE: VEEV Market Cap $52.30B

Veeva Systems Inc. most recently reported annual revenue of $3.2B, net profit of $909.0M. Revenue grew at an average annual rate of 16.9% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Veeva Systems Inc.: Revenue rose from $544.0M in 2017 to $3.2B in 2026, a change of +487.3% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 22.2% to 28.7%, a shift of +6.5 percentage points; the most recent year shows net profit of $909.0M.

Income Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Revenue$544.0M$691.0M$862.0M$1.1B$1.5B$1.9B$2.2B$2.4B$2.7B$3.2B
Operating Expenses$423.0M$533.0M$639.0M$818.0M$1.1B$1.3B$1.7B$1.9B$2.1B$2.3B
Operating Profit$121.0M$158.0M$223.0M$286.0M$378.0M$505.0M$459.0M$429.0M$691.0M$916.0M
Operating Margin22.2%22.9%25.9%25.9%25.8%27.3%21.3%18.2%25.2%28.7%
Other Income$2.0M$8.0M$16.0M$27.0M$16.0M$7.0M$50.0M$159.0M$228.0M$278.0M
Interest$0$0$0$0$0$0$0$0$0$0
Depreciation$14.0M$14.0M$13.0M$20.0M$29.0M$27.0M$29.0M$33.0M$39.0M$50.0M
Profit Before Tax$122.0M$166.0M$239.0M$314.0M$394.0M$512.0M$509.0M$588.0M$919.0M$1.2B
Tax$36.6M$8.8M$3.7M$4.0M$3.5M$16.6M$4.2M$10.6M$22.3M$23.9M
Net Profit$78.0M$151.0M$230.0M$301.0M$380.0M$427.0M$488.0M$526.0M$714.0M$909.0M
EPS$0.47$0.98$1.47$1.90$2.36$2.63$3.00$3.22$4.32$5.44
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$617.0M$631.0M$650.0M$676.0M$699.0M$721.0M$759.0M$789.0M$811.0M$836.0M$883.0M$928.0M
Operating Expenses$488.0M$495.0M$495.0M$510.0M$518.0M$532.0M$525.0M$593.0M$570.0M$590.0M$610.0M$653.0M
Operating Profit$128.0M$135.0M$155.0M$166.0M$181.0M$188.0M$234.0M$196.0M$241.0M$246.0M$273.0M$275.0M
Operating Margin20.8%21.4%23.9%24.6%25.9%26.1%30.8%24.8%29.7%29.4%30.9%29.6%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$171.0M$183.0M$207.0M$225.0M$242.0M$245.0M$299.0M$265.0M$313.0M$318.0M$348.0M$350.0M
Tax$20.8M$19.3M$21.9M$24.0M$23.3M$20.2M$23.6M$24.5M$24.5M$23.1M$24.9M$21.8M
Net Profit$135.0M$147.0M$162.0M$171.0M$186.0M$196.0M$228.0M$200.0M$236.0M$244.0M$261.0M$273.0M
EPS$0.83$0.90$0.98$1.04$1.13$1.17$1.37$1.19$1.40$1.45$1.57$1.66

Over the 10 years reported for Veeva Systems Inc., cash stood at $1.4B in the latest year, shareholders' equity was $0, current assets covered current liabilities 4.89 times.

Balance Sheet — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Total Assets$918.0M$1.2B$1.7B$2.3B$3.0B$3.8B$4.8B$5.9B$7.3B$9.0B
Current Assets$712.0M$1.0B$1.4B$1.5B$2.3B$3.1B$4.0B$5.0B$6.3B$8.0B
Cash$218.0M$320.0M$551.0M$477.0M$731.0M$1.1B$886.0M$703.0M$1.1B$1.4B
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$183.0M$238.0M$322.0M$423.0M$612.0M$694.0M$785.0M$889.0M$1.1B$1.3B
Fixed Assets$50.0M$52.0M$55.0M$104.0M$111.0M$104.0M$105.0M$104.0M$120.0M$146.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$301.0M$442.0M$539.0M$610.0M$933.0M$1.2B$2.2B$3.3B$4.0B$5.1B
Other Assets$96.0M$96.0M$96.0M$439.0M$436.0M$440.0M$440.0M$440.0M$440.0M$440.0M
Total Liabilities$265.0M$324.0M$416.0M$606.0M$780.0M$905.0M$1.1B$1.3B$1.5B$1.8B
Current Liabilities$247.0M$306.0M$401.0M$551.0M$716.0M$841.0M$1.0B$1.2B$1.4B$1.6B
Borrowings$0$0$0$55.0M$63.0M$55.0M$61.0M$56.0M$76.0M$96.0M
Other Liabilities$265.0M$324.0M$416.0M$551.0M$717.0M$850.0M$1.0B$1.2B$1.4B$1.7B
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$653.0M$906.0M$1.2B$1.7B$2.3B$2.9B$3.7B$4.6B$5.8B$7.2B

For Veeva Systems Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $1.4B; free cash flow was positive in 10 of 10 years; financing activities used $263.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2017201820192020202120222023202420252026
Operating Cash Flow$144.0M$233.0M$311.0M$437.0M$551.0M$764.0M$780.0M$911.0M$1.1B$1.4B
Investing Cash Flow$-104.0M$-164.0M$-112.0M$-520.0M$-342.0M$-360.0M$-1.0B$-1.1B$-721.0M$-1.1B
Financing Cash Flow$26.0M$0$0$0$0$-55.0M$-63.0M$-79.0M$-79.0M$-263.0M
Net Cash Flow$85.0M$103.0M$231.0M$-72.0M$252.0M$410.0M$-252.0M$-183.0M$414.0M$302.0M
Free Cash Flow$137.0M$224.0M$302.0M$434.0M$543.0M$750.0M$767.0M$885.0M$1.1B$1.4B

Valuation & Return Ratios

MetricValue
PEG Ratio1.82
EV / EBITDA31.74
FCF Yield3.63%
Quick Ratio5.46
Interest Coverage—
Return 1Y10.05%
Return 3Y62.69%
Return 5Y-1.00%

Veeva Systems Inc. (VEEV) financials — frequently asked questions

What is Veeva Systems Inc.'s annual revenue?

Veeva Systems Inc. (VEEV) reported annual revenue of $3.2B in its most recent fiscal year.

What is Veeva Systems Inc.'s net profit?

Veeva Systems Inc. (VEEV) reported net profit of $909.0M in its most recent fiscal year.

What is VEEV EV/EBITDA?

Veeva Systems Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 31.74.

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