VEEV
Veeva Systems Inc. (VEEV)
Last Price$227.8(2.4%)
Market Cap$37.0B
$2,746.6M
+16.2% YoY
$714.1M
+35.8% YoY
($5,074.5M)
Net Debt to FCF - (4.7x)
$1,078.5M
39.3% margin

VEEV Income Statement

VEEV Income Statement Overview

Annual
Quarterly
LTM
Jan'16
Jan'17
Jan'18
Jan'19
Jan'20
Jan'21
Jan'22
Jan'23
Jan'24
Jan'25
$2,746.6M 16.2% YoY
$2,047.0M 21.4% YoY
74.5% margin
Cost of revenue
$699.6M 3.3% YoY
Operating income
$691.4M 61.0% YoY
25.2% margin
Other: $227.9M
Operating expenses
$1,355.5M 7.8% YoY
Pre-tax income
$919.4M 56.4% YoY
33.5% margin
Net income
$714.1M 35.8% YoY
26.0% margin
Income tax
$205.2M
22.3% tax rate
R&D
$693.1M 10.2% YoY
25.2% of revenue
SG&A
$662.5M 5.5% YoY
24.1% of revenue

VEEV Income statement key metrics

Annual
Quarterly
LTM

Revenue

$2,746.6M +16.2% YoY

Operating Income

$691.4M +61.0% YoY

Net Income

$714.1M +35.8% YoY

VEEV Balance Sheet

VEEV Balance Sheet Overview

Annual
Quarterly
LTM
Jan'16
Jan'17
Jan'18
Jan'19
Jan'20
Jan'21
Jan'22
Jan'23
Jan'24
Jan'25
Assets
Liabilities
Total assets
N/A
Current assets (N/A, N/A of total)
Other current assets
N/A (N/A)
Non-current assets (N/A, N/A of total)
Other non-current assets
N/A (N/A)
Financial position
N/A$0.0
Cash & Short-term Investments
Total Debt

VEEV Balance Sheet Metrics

Annual
Quarterly
LTM

Assets

N/A +24.2% YoY

Liabilities

N/A +19.1% YoY

Shareholder's Equity

N/A +25.6% YoY

VEEV Cash Flow Statement

VEEV Cash Flow Statement Overview

Annual
Quarterly
LTM
Jan'16
Jan'17
Jan'18
Jan'19
Jan'20
Jan'21
Jan'22
Jan'23
Jan'24
Jan'25
Cash Beginning of PeriodOperating Cash FlowInvesting Cash FlowFinancing Cash FlowForex Changes on CashCash End of Period$706.7M$1,090.1M($700.1M)$26.1M($1,735.0K)$1,121.0M

VEEV Cash Flow Statement key metrics

Annual
Quarterly
LTM

Operating Cash Flow (OCF)

$1,090.1M +19.6% YoY

Free Cash Flow (FCF)

$1,090.1M +21.8% YoY

VEEV Financials

USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Jan'11Jan'12Jan'13Jan'14Jan'15Jan'16Jan'17Jan'18Jan'19Jan'20Jan'21Jan'22Jan'23Jan'24Jan'25
% growth
29.1
0.0%
61.3
110.3%
129.5
111.5%
210.2
62.2%
313.2
49.0%
409.2
30.6%
544.0
32.9%
685.6
26.0%
862.2
25.8%
1,104.1
28.1%
1,465.1
32.7%
1,850.8
26.3%
2,155.1
16.4%
2,363.7
9.7%
2,746.6
16.2%
Cost of Goods Sold (COGS)12.329.157.082.6115.7142.2173.7211.4245.3303.4408.9503.7609.4677.3699.6
% margin
16.8
57.7%
32.2
52.6%
72.5
56.0%
127.5
60.7%
197.6
63.1%
267.0
65.2%
370.4
68.1%
474.1
69.2%
616.9
71.6%
800.7
72.5%
1,056.1
72.1%
1,347.1
72.8%
1,545.7
71.7%
1,686.4
71.3%
2,047.0
74.5%
Operating Expenses11.725.642.588.2127.6188.4262.4323.3394.1514.5678.3841.61,086.61,257.01,355.5
Research & Development Expenses (R&D)3.67.814.626.341.266.096.8132.1158.8209.9294.2382.0520.3629.0693.1
Selling, General & Administrative Expenses (SG&A)8.117.827.961.986.4122.4165.6191.3235.3304.6384.1459.6566.3628.0662.5
5.1
17.5%
6.6
10.8%
30.0
23.2%
39.3
18.7%
70.0
22.3%
78.6
19.2%
108.0
19.8%
150.8
22.0%
222.9
25.8%
286.2
25.9%
377.8
25.8%
505.5
27.3%
459.1
21.3%
429.3
18.2%
691.4
25.2%
Interest Income0.00.00.10.03.54.64.58.415.425.215.914.745.9133.70.0
Interest Expense0.00.00.00.00.00.00.00.00.00.00.014.70.00.00.0
Pre-tax Income5.36.729.138.567.278.6109.6158.6238.6313.7394.0512.3509.1588.0919.4
% effective tax rate
1.4
25.7%
2.4
36.4%
10.3
35.4%
14.9
38.7%
26.8
39.9%
24.2
30.7%
40.8
37.2%
16.7
10.5%
8.8
3.7%
12.6
4.0%
14.0
3.6%
84.9
16.6%
21.4
4.2%
62.3
10.6%
205.2
22.3%
% margin
3.9
13.4%
4.2
6.9%
18.8
14.5%
23.6
11.2%
40.4
12.9%
54.5
13.3%
68.8
12.6%
142.0
20.7%
229.8
26.7%
301.1
27.3%
380.0
25.9%
427.4
23.1%
487.7
22.6%
525.7
22.2%
714.1
26.0%
EPS0.000.010.030.200.310.410.571.081.472.042.522.793.143.274.41
Diluted EPS0.000.010.030.150.280.380.530.981.471.902.362.633.003.224.32
% margin
5.3
18.2%
7.0
11.5%
30.8
23.8%
41.7
19.8%
73.9
23.6%
87.1
21.3%
121.8
22.4%
179.5
26.2%
236.9
27.5%
286.2
25.9%
407.2
27.8%
505.5
27.3%
488.2
22.7%
462.0
19.5%
691.4
25.2%