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Veeva Systems Inc.

EDGAR
VEEV Quarterly report (10-Q) · filed 2026-08-27

Annual consolidated revenue for 2026: about USD 3.195B, using the latest reported figures. The previous period, 2025, was about USD 2.747B.

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Watchlist

Latest quarter

Revenue

928 million USD

2027 Q2 · USD

Exact inputs and evidence

Operating margin

29.64%

2027 Q2 · %

Exact inputs and evidence
  • Operating Income: 275018000 USD Source
  • Revenue: 927963000 USD Source

Operating cash flow

239 million USD

2027 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 1365825000 USD Source
  • Operating Cash Flow: 1127116000 USD Source
Cash and cash equivalents
1.81 billion USD Source
Exact value

1812012000 USD

Long-term debt including current maturities
Not available
Shares outstanding
162 million shares Source
Exact value

161834760 shares

Reported share-count change

-1.25% · -2.04 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 163877694 shares · 2025-07-31· Source
  • 161834760 shares · 2026-07-31· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

3.46 billion USD

2025-08-01 – 2026-07-31

Exact inputs and evidence
  • Revenue: 811236000 USD · 2025-08-01 – 2025-10-31 Source
  • Revenue: 3195311000 USD · 2025-02-01 – 2026-01-31 Source
  • Revenue: 2359360000 USD · 2025-02-01 – 2025-10-31 Source
  • Revenue: 882948000 USD · 2026-02-01 – 2026-04-30 Source
  • Revenue: 927963000 USD · 2026-05-01 – 2026-07-31 Source

Net income

1.01 billion USD

2025-08-01 – 2026-07-31

Exact inputs and evidence
  • Net income: 236203000 USD · 2025-08-01 – 2025-10-31 Source
  • Net income: 908906000 USD · 2025-02-01 – 2026-01-31 Source
  • Net income: 664702000 USD · 2025-02-01 – 2025-10-31 Source
  • Net income: 260936000 USD · 2026-02-01 – 2026-04-30 Source
  • Net income: 273429000 USD · 2026-05-01 – 2026-07-31 Source

Operating cash flow

1.67 billion USD

2025-08-01 – 2026-07-31

Exact inputs and evidence
  • Operating cash flow: 1308378000 USD · 2025-02-01 – 2025-10-31 Source
  • Operating cash flow: 1115591000 USD · 2025-02-01 – 2025-07-31 Source
  • Operating cash flow: 1415225000 USD · 2025-02-01 – 2026-01-31 Source
  • Operating cash flow: 1308378000 USD · 2025-02-01 – 2025-10-31 Source
  • Operating cash flow: 1127116000 USD · 2026-02-01 – 2026-04-30 Source
  • Operating cash flow: 1365825000 USD · 2026-02-01 – 2026-07-31 Source
  • Operating cash flow: 1127116000 USD · 2026-02-01 – 2026-04-30 Source

Capital expenditure

6.05 million USD

2018-11-01 – 2019-10-31

Exact inputs and evidence
  • Capital expenditure: 8440000 USD · 2018-02-01 – 2019-01-31 Source
  • Capital expenditure: 5558000 USD · 2018-02-01 – 2018-10-31 Source
  • Capital expenditure: 1194000 USD · 2019-02-01 – 2019-04-30 Source
  • Capital expenditure: 1092000 USD · 2019-05-01 – 2019-07-31 Source
  • Capital expenditure: 881000 USD · 2019-08-01 – 2019-10-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-27.

Financial data available through: 2026-01-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2026-01-31
  • Operating income: 11 of 11 periods available· newest 2026-01-31
  • Net income: 11 of 11 periods available· newest 2026-01-31
  • Operating cash flow: 11 of 11 periods available· newest 2026-01-31
  • Capital expenditure: 5 of 11 periods available· newest 2020-01-31
  • Total assets: 11 of 11 periods available· newest 2026-01-31
  • Total liabilities: 11 of 11 periods available· newest 2026-01-31
  • Current assets: 11 of 11 periods available· newest 2026-01-31
  • Current liabilities: 11 of 11 periods available· newest 2026-01-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2026-01-31
  • long term debt: No compatible figures in this window
  • Shares outstanding: 3 of 11 periods available· newest 2026-01-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +16.3%

    Prior period

    USD 2.75 billion

    –

    Current period

    USD 3.2 billion

    –

    Exact inputs and evidence

    3195311000 − 2746619000 = 448692000 USD

    2746619000 USD · 2024-02-01 – 2025-01-31

    Inspect prior input Prior source

    3195311000 USD · 2025-02-01 – 2026-01-31

    Inspect current input Current source
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  • Net income

    +27.3%

    Prior period

    USD 714.14 million

    –

    Current period

    USD 908.91 million

    –

    Exact inputs and evidence

    908906000 − 714138000 = 194768000 USD

    714138000 USD · 2024-02-01 – 2025-01-31

    Inspect prior input Prior source

    908906000 USD · 2025-02-01 – 2026-01-31

    Inspect current input Current source
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  • Operating cash flow

    +29.8%

    Prior period

    USD 1.09 billion

    –

    Current period

    USD 1.42 billion

    –

    Exact inputs and evidence

    1415225000 − 1090051000 = 325174000 USD

    1090051000 USD · 2024-02-01 – 2025-01-31

    Inspect prior input Prior source

    1415225000 USD · 2025-02-01 – 2026-01-31

    Inspect current input Current source
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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2026 2025-02-01 – 2026-01-31

  • Revenue USD 3.2 billion 100% of revenue
  • Cost of revenue USD 782.02 million 24% of revenue
  • Operating expenses USD 1.5 billion 47% of revenue
  • Operating income USD 916.37 million 29% of revenue
  • Tax, interest and other Derived USD 7.46 million 0.2% of revenue
  • Net income USD 908.91 million 28% of revenue

Cash

  • Operating cash flow USD 1.42 billion 44% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2017 14%78%
  • 2018 22%77%
  • 2019 Net income was higher than operating income, so the split is not drawn.
  • 2020 Net income was higher than operating income, so the split is not drawn.
  • 2021 Net income was higher than operating income, so the split is not drawn.
  • 2022 23%73%
  • 2023 Net income was higher than operating income, so the split is not drawn.
  • 2024 Net income was higher than operating income, so the split is not drawn.
  • 2025 Net income was higher than operating income, so the split is not drawn.
  • 2026 28%71%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2017 2016-02-01 – 2017-01-31550542000 429854000 Derived 120688000 43116000 Derived 77572000 137088000 Derived
Source
2018 2017-02-01 – 2018-01-31690559000 532630000 Derived 157929000 6752000 Derived 151177000 223805000 Derived
Source
2019 2018-02-01 – 2019-01-31862210000 639344000 Derived 222866000 -6966000 Derived 229832000 302387000 Derived
Source
2020 2019-02-01 – 2020-01-311104081000 817862000 Derived 286219000 -14899000 Derived 301118000 434262000 Derived
Source
2021 2020-02-01 – 2021-01-311465069000 1087275000 Derived 377794000 -2204000 Derived 379998000 Unavailable
Source
2022 2021-02-01 – 2022-01-311850777000 1345281000 Derived 505496000 78106000 Derived 427390000 Unavailable
Source
2023 2022-02-01 – 2023-01-312155060000 1695969000 Derived 459091000 -28615000 Derived 487706000 Unavailable
Source
2024 2023-02-01 – 2024-01-312363673000 1934339000 Derived 429334000 -96371000 Derived 525705000 Unavailable
Source
2025 2024-02-01 – 2025-01-312746619000 2055184000 Derived 691435000 -22703000 Derived 714138000 Unavailable
Source
2026 2025-02-01 – 2026-01-313195311000 2278942000 Derived 916369000 7463000 Derived 908906000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 3.2B 2026
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.5B2.6B1.7B862.7M0.0201720222026
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Revenue550542000
2018Revenue690559000
2019Revenue862210000
2020Revenue1104081000
2021Revenue1465069000
2022Revenue1850777000
2023Revenue2155060000
2024Revenue2363673000
2025Revenue2746619000
2026Revenue3195311000

Revenue growth

Change in revenue from the same financial period one year earlier.

16.3% 2026
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.37.3%28.0%18.6%9.3%0.0%201720222026
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2017Year over year34.5%
2018Year over year25.4%
2019Year over year24.9%
2020Year over year28.1%
2021Year over year32.7%
2022Year over year26.3%
2023Year over year16.4%
2024Year over year9.7%
2025Year over year16.2%
2026Year over year16.3%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 28.7% 2026
Net margin 28.4% 2026
Free cash flow margin 39.3% 2020
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.42%32%21%11%0%201720222026
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2017Operating margin21.9%
2018Operating margin22.9%
2019Operating margin25.8%
2020Operating margin25.9%
2021Operating margin25.8%
2022Operating margin27.3%
2023Operating margin21.3%
2024Operating margin18.2%
2025Operating margin25.2%
2026Operating margin28.7%
2017Net margin14.1%
2018Net margin21.9%
2019Net margin26.7%
2020Net margin27.3%
2021Net margin25.9%
2022Net margin23.1%
2023Net margin22.6%
2024Net margin22.2%
2025Net margin26%
2026Net margin28.4%
2017Free cash flow margin24.9%
2018Free cash flow margin32.4%
2019Free cash flow margin35.1%
2020Free cash flow margin39.3%
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported
2026Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 1.4B 2026
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.5B1.1B764.2M382.1M0.0201720222026
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Operating cash flow144011000
2018Operating cash flow233438000
2019Operating cash flow310827000
2020Operating cash flow437375000
2021Operating cash flow551246000
2022Operating cash flow764463000
2023Operating cash flow780470000
2024Operating cash flow911339000
2025Operating cash flow1090051000
2026Operating cash flow1415225000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 434.3M 2020
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.469.0M351.8M234.5M117.3M0.0201720222026
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Free cash flow137088000
2018Free cash flow223805000
2019Free cash flow302387000
2020Free cash flow434262000
2021Free cash flowUnavailable
2022Free cash flowUnavailable
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable
2026Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

19.7% 2026
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.31.2%23.4%15.6%7.8%0.0%201720222026
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2017Liabilities / assets28.9%
2018Liabilities / assets26.3%
2019Liabilities / assets25.2%
2020Liabilities / assets26.7%
2021Liabilities / assets25.6%
2022Liabilities / assets23.7%
2023Liabilities / assets22.6%
2024Liabilities / assets21.4%
2025Liabilities / assets20.5%
2026Liabilities / assets19.7%

Current assets to current liabilities

Current assets divided by current liabilities.

4.89× 2026
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.5.28×3.96×2.64×1.32×0.00×201720222026
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2017Current assets / current liabilities2.88×
2018Current assets / current liabilities3.31×
2019Current assets / current liabilities3.57×
2020Current assets / current liabilities2.78×
2021Current assets / current liabilities3.23×
2022Current assets / current liabilities3.7×
2023Current assets / current liabilities3.94×
2024Current assets / current liabilities4.24×
2025Current assets / current liabilities4.51×
2026Current assets / current liabilities4.89×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2017 2016-02-01 – 2017-01-31
USD 77.57 million
Exact value

Exact value: 77572000 USD

2016-02-01 – 2017-01-31: 77572000 USD Inspect Net Income Open source
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USD 144.01 million
Exact value

Exact value: 144011000 USD

2016-02-01 – 2017-01-31: 144011000 USD Inspect Operating Cash Flow Open source
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USD 6.92 million
Exact value

Exact value: 6923000 USD

2016-02-01 – 2017-01-31: 6923000 USD Inspect Capital Expenditure Open source
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USD 137.09 million
Calculation and evidence

144011000 − 6923000 USD

Exact free cash flow: 137088000 USD

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2018 2017-02-01 – 2018-01-31
USD 151.18 million
Exact value

Exact value: 151177000 USD

2017-02-01 – 2018-01-31: 151177000 USD Inspect Net Income Open source
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USD 233.44 million
Exact value

Exact value: 233438000 USD

2017-02-01 – 2018-01-31: 233438000 USD Inspect Operating Cash Flow Open source
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USD 9.63 million
Exact value

Exact value: 9633000 USD

2017-02-01 – 2018-01-31: 9633000 USD Inspect Capital Expenditure Open source
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USD 223.81 million
Calculation and evidence

233438000 − 9633000 USD

Exact free cash flow: 223805000 USD

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2019 2018-02-01 – 2019-01-31
USD 229.83 million
Exact value

Exact value: 229832000 USD

2018-02-01 – 2019-01-31: 229832000 USD Inspect Net Income Open source
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USD 310.83 million
Exact value

Exact value: 310827000 USD

2018-02-01 – 2019-01-31: 310827000 USD Inspect Operating Cash Flow Open source
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USD 8.44 million
Exact value

Exact value: 8440000 USD

2018-02-01 – 2019-01-31: 8440000 USD Inspect Capital Expenditure Open source
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USD 302.39 million
Calculation and evidence

310827000 − 8440000 USD

Exact free cash flow: 302387000 USD

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2020 2019-02-01 – 2020-01-31
USD 301.12 million
Exact value

Exact value: 301118000 USD

2019-02-01 – 2020-01-31: 301118000 USD Inspect Net Income Open source
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USD 437.38 million
Exact value

Exact value: 437375000 USD

2019-02-01 – 2020-01-31: 437375000 USD Inspect Operating Cash Flow Open source
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USD 3.11 million
Exact value

Exact value: 3113000 USD

2019-02-01 – 2020-01-31: 3113000 USD Inspect Capital Expenditure Open source
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USD 434.26 million
Calculation and evidence

437375000 − 3113000 USD

Exact free cash flow: 434262000 USD

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2021 2020-02-01 – 2021-01-31
USD 380 million
Exact value

Exact value: 379998000 USD

2020-02-01 – 2021-01-31: 379998000 USD Inspect Net Income Open source
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USD 551.25 million
Exact value

Exact value: 551246000 USD

2020-02-01 – 2021-01-31: 551246000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2021-02-01 – 2022-01-31
USD 427.39 million
Exact value

Exact value: 427390000 USD

2021-02-01 – 2022-01-31: 427390000 USD Inspect Net Income Open source
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USD 764.46 million
Exact value

Exact value: 764463000 USD

2021-02-01 – 2022-01-31: 764463000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2022-02-01 – 2023-01-31
USD 487.71 million
Exact value

Exact value: 487706000 USD

2022-02-01 – 2023-01-31: 487706000 USD Inspect Net Income Open source
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USD 780.47 million
Exact value

Exact value: 780470000 USD

2022-02-01 – 2023-01-31: 780470000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2023-02-01 – 2024-01-31
USD 525.71 million
Exact value

Exact value: 525705000 USD

2023-02-01 – 2024-01-31: 525705000 USD Inspect Net Income Open source
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USD 911.34 million
Exact value

Exact value: 911339000 USD

2023-02-01 – 2024-01-31: 911339000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2024-02-01 – 2025-01-31
USD 714.14 million
Exact value

Exact value: 714138000 USD

2024-02-01 – 2025-01-31: 714138000 USD Inspect Net Income Open source
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USD 1.09 billion
Exact value

Exact value: 1090051000 USD

2024-02-01 – 2025-01-31: 1090051000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2026 2025-02-01 – 2026-01-31
USD 908.91 million
Exact value

Exact value: 908906000 USD

2025-02-01 – 2026-01-31: 908906000 USD Inspect Net Income Open source
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USD 1.42 billion
Exact value

Exact value: 1415225000 USD

2025-02-01 – 2026-01-31: 1415225000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

135 filings · 4,643 latest values · 4,643 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001393052, 1393052, VEEV, edgar:1393052

Also known as VEEVA SYSTEMS INC, VERTICALS ONDEMAND INC, Veeva Systems Inc, Veeva Systems Inc.