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NEW YORK STOCK EXCHANGE, INC. · Health Care · CIK 0001393052
$322.55
+0.62% · live
Updated
$52.83B market value
From VEEVA SYSTEMS INC's FY2026 10-K, filed Mar 20, 2026 · read the filing
VEEVA SYSTEMS makes and sells software and computing services. It took in $3.20B last year, which makes it a mid-sized company. Of every dollar it sells, about 28 cents is left as profit.
The financial picture is led by profitability, growth and debt.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Recent open-market selling by Rizzo Daniel J, not under a pre-arranged plan.
$1.3M sold in the last 120 days · Read the filing
These are things the company filed or that a published model flagged — not predictions, and not a reason on their own to buy or sell anything.
Financial health
Strong finances across the board.
From VEEVA SYSTEMS INC's FY2026 annual filing · share price scored separately
Largest year-over-year changes in FY2026
Revenue
$2.75B → $3.20B
Gross profit
$2.05B → $2.41B
Operating income
$691.4M → $916.4M
Profit
$714.1M → $908.9M
Measured against FY2025, from the 10-K filed Mar 20, 2026
Improved: +16.3%
$2.75B to $3.20BSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
How the latest move compares (quote live), and what was published around it
VEEV rose 0.62% on the latest quote. The average Technology company tracked here moved −1.29%, and the S&P 500 −1.04%. That is 1.9 points above its sector and 1.7 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 30% a year for the next 10 years. Over the last 5 years it grew by about 60% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 28 cents of every dollar of sales as profit, earning $908.9M last year.
Yes, quickly. Sales grew 16.3% last year.
It does not appear so. For every $1 it owes, it owns $5.09 in assets.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2026 annual filing
Last year it earned $908.9M and generated $1.42B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202610-K · Mar 20, 2026Filing for FY2026 | FY202510-K · Mar 24, 2025Filing for FY2025 | FY202410-K · Mar 25, 2024Filing for FY2024 | FY202310-K · Mar 30, 2023Filing for FY2023 | FY202210-K · Mar 30, 2022Filing for FY2022 | ChangeFY2026 vs FY2025 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $3.20B | $2.75B | $2.36B | $2.16B | $1.85B | +16.3% |
| Cost of revenue | $782.0M | $699.6M | $677.3M | $609.4M | $503.7M | +11.8% |
| Gross profit | $2.41B | $2.05B | $1.69B | $1.55B | $1.35B | +17.9% |
| Gross marginGross profit ÷ revenueWhat is this? | 75.5% | 74.5% | 71.3% | 71.7% | 72.8% | +1.0 pts |
| Selling, general and administrative | $300.7M | $265.7M | $246.5M | $217.6M | $171.5M | +13.2% |
| Operating income | $916.4M | $691.4M | $429.3M | $459.1M | $505.5M | +32.5% |
| Operating marginOperating income ÷ revenueWhat is this? | 28.7% | 25.2% | 18.2% | 21.3% | 27.3% | +3.5 pts |
| Income before tax | $1.19B | $919.4M | $588.0M | $509.1M | $512.3M | +29.9% |
| Net income | $908.9M | $714.1M | $525.7M | $487.7M | $427.4M | +27.3% |
| Net marginNet income ÷ revenueWhat is this? | 28.4% | 26.0% | 22.2% | 22.6% | 23.1% | +2.4 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $5.55 | $4.39 | $3.26 | $3.14 | $2.79 | +26.3% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Officers, directors and major shareholders must report within two business days of a trade.
Reported another kind of transaction — 14,301 shares
Holds 605,462 shares after this filing.
Reported another kind of transaction — 250,000 shares
Holds 0 shares after this filing.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Quarterly report for Q2 FY2027
Revenue +17.6% · Operating margin +4.8 pts · Operating income +40.4% — against Q2 FY2026
Read the filingPublished results
Read the filingWrite down why you are following VEEVA SYSTEMS INC, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
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Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from VEEV's 10-K for fiscal year 2026 (period ending 2026-01-31, filed Mar 20, 2026), reported under the US GAAP taxonomy. View the source filing.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 8 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2026 | 10.0 | 7/8 | 10-K, filed Mar 20, 2026 |
| FY2025 | 10.0 | 7/8 | 10-K, filed Mar 24, 2025 |
| FY2024 | 8.7 | 5/8 | 10-K, filed Mar 25, 2024 |
| FY2023 | 10.0 | 6/8 | 10-K, filed Mar 30, 2023 |
| FY2022 | 10.0 | 8/8 | 10-K, filed Mar 30, 2022 |
| FY2021 | 10.0 | 6/8 | 10-K, filed Mar 30, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
7 of 8 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. One could not be evaluated and is excluded from the total rather than counted as a failure.
11.21
In the safe zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2026 filing as filed with the SEC.
Improved: +17.9%
$2.05B to $2.41BSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +32.5%
$691.4M to $916.4MSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +27.3%
$714.1M to $908.9MSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +3.5 pts
25.2% to 28.7%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +26.3%
$4.39 to $5.55Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +27.0%
$1.12B to $1.42BSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: +1.0 pts
74.5% to 75.5%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: +2.4 pts
26.0% to 28.4%Notable
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Q2 FY2027 against Q2 FY2026, from the 10-Q filed Aug 27, 2026 — read it.
Improved: +40.4%
$195.9M to $275.0MCritical
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +17.6%
$789.1M to $928.0MSignificant
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +17.2%
$593.8M to $696.0MSignificant
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Improved: +36.5%
$200.3M to $273.4MSignificant
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
Improved: +4.8 pts
24.8% to 29.6%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +4.1 pts
25.4% to 29.5%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +38.2%
$1.22 to $1.69Significant
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Deteriorated: -6.1%
$1.93B to $1.81BNotable
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Improved: -1.2%
163.9M to 161.8MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
Q2 FY2027 against Q1 FY2027, from the 10-Q filed Aug 27, 2026 — read it. Quarter-to-quarter moves include seasonal swings — a retailer's holiday quarter — which the year-earlier comparison removes.
Improved: +5.1%
$882.9M to $928.0MNotable
Why it matters: Sales are what everything else is built on. A fall can be lost customers, lower prices, or a business the company sold — the filing itself says which.
Improved: +5.1%
$662.0M to $696.0MNotable
Why it matters: What is left of sales after the direct cost of producing them. It normally moves with revenue, so a move out of step with revenue is the part worth noticing.
Deteriorated: −1.3 pts
30.9% to 29.6%Notable
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +5.5%
$1.60 to $1.69Notable
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
1 other measure barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between 27% and 33%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 3.0% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 54.4x — a high multiple relative to the current trailing profit.
This company has not reported enough of the required figures to calculate this score.
Sold on the open market — 3,515 shares at $300.14 ($1.1M)
Holds 5,813 shares after this filing.
Sold on the open market — 975 shares at $299.29 ($291.8K)
Holds 4,838 shares after this filing.
Sold on the open market — 708 shares at $298.19 ($211.1K)
Holds 4,130 shares after this filing.
Exercised stock options — 1,636 shares
Holds 10,964 shares after this filing.
Had shares withheld to cover taxes — 833 shares at $281.93 ($234.8K)
Holds 10,131 shares after this filing.
Gifted shares — 803 shares
Holds 9,328 shares after this filing.
Exercised stock options — 168 shares
Holds 2,951 shares after this filing.
Had shares withheld to cover taxes — 61 shares at $281.93 ($17.2K)
Holds 2,890 shares after this filing.
Exercised stock options — 1,672 shares
Holds 13,360 shares after this filing.
Had shares withheld to cover taxes — 854 shares at $281.93 ($240.8K)
Holds 12,506 shares after this filing.
Sold on the open market — 4,520 shares at $276.53 ($1.2M)
Holds 7,986 shares after this filing.
Sold on the open market — 321 shares at $276.21 ($88.7K)
Holds 7,665 shares after this filing.
Exercised stock options — 2,907 shares
Holds 21,356 shares after this filing.
Had shares withheld to cover taxes — 1,272 shares at $281.93 ($358.6K)
Holds 20,084 shares after this filing.
Exercised stock options — 1,636 shares
Holds 10,961 shares after this filing.
Had shares withheld to cover taxes — 705 shares at $281.93 ($198.8K)
Holds 10,256 shares after this filing.
Exercised stock options — 2,181 shares
Holds 35,599 shares after this filing.
Had shares withheld to cover taxes — 1,110 shares at $281.93 ($312.9K)
Holds 34,489 shares after this filing.
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 2,485 shares ($745.5K) on or after .
Shares originally obtained via Restricted Stock.
Filed notice to sell 3,000 shares ($900.0K) on or after .
Shares originally obtained via Restricted Stock Vesting Under a Registered Plan.
Filed notice to sell 5,198 shares ($1.6M) on or after .
Shares originally obtained via Vesting of restricted stock unit awards.
Filed notice to sell 6,695 shares ($2.0M) on or after .
Shares originally obtained via Restricted Stock.
Filed notice to sell 132,751 shares ($37.1M) on or after .
Shares originally obtained via Stock Option Exercise.
Filed notice to sell 4,841 shares ($1.3M) on or after .
Shares originally obtained via Restricted Stock.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Had a director or senior officer leave or join
Held a shareholder vote
Read the filingQuarterly report for Q1 FY2027
Revenue +16.3% · Operating income +16.8% · Gross profit +13.1% — against Q1 FY2026
Read the filingPublished results
Read the filingProxy statement for a shareholder meeting
Read the filingHad a director or senior officer leave or join
Read the filingAnnual report for FY2026
Revenue +16.3% · Operating margin +3.5 pts · Gross profit +17.9% — against FY2025
Read the filingPublished results
Read the filingReported another event
Read the filingHad a director or senior officer leave or join
Read the filingQuarterly report for Q3 FY2026
Revenue +16.0% · Operating margin +3.8 pts · Cash +58.9% — against Q3 FY2025
Read the filingPublished results
Read the filingHad a director or senior officer leave or join
Read the filingQuarterly report for Q2 FY2026
Revenue +16.7% · Cash +65.6% · Gross profit +17.4% — against Q2 FY2025
Read the filingPublished results
Read the filingMade a Regulation FD disclosure
Read the filingHeld a shareholder vote
Read the filingQuarterly report for Q1 FY2026
Revenue +16.7% · Operating margin +6.9 pts · Operating income +50.6% — against Q1 FY2025
Read the filingIs Veeva (VEEV) a Buy as Wall Street Analysts Look Optimistic?
Yahoo Finance ·
Primary sources and further research