What is Veeva Sys Inc's earnings per share (EPS)?

Veeva Sys Inc (VEEV) reported diluted earnings per share of $5.44 for fiscal year 2026. This represents a 25.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Veeva Sys Inc Financials

VEEV

Source SEC Filings (10-K/10-Q) Updated Jan 31, 2026 Currency USD FYE January

This page shows Veeva Sys Inc (VEEV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI VEEV FY2026 2026-04-22

Growth is scaling cleanly as margins widen and the business stays internally funded, not dependent on outside capital to expand.

From FY2024 to FY2026, operating margin climbed from 18.2% to 28.7%. Because R&D spending also kept rising, reaching $767M, the profit step-up looks more like scale absorbing fixed costs than margin improvement bought by cutting investment.

Across FY2024-FY2026, operating cash flow stayed above net income and reached $1.42B against $909M in FY2026. That held even as accounts receivable more than doubled to $1.26B, so growth did not force cash to be trapped in working capital the way rapid expansion often can.

The balance sheet is built more on accumulated profits than on outside financing: FY2026 equity was $7.21B against liabilities of $1.76B. With retained earnings at $4.36B and a current ratio of 4.9x, short-term obligations look lightly constraining, leaving room for reinvestment without leaning on creditors.

Financial Health Signals

Financial Profile 62/100

Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Veeva Sys Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Veeva Sys Inc has an operating margin of 28.7%, meaning the company retains $29 of operating profit per $100 of revenue. This strong profitability earns a score of 79/100, reflecting efficient cost management and pricing power. This is up from 25.2% the prior year.

Growth

Veeva Sys Inc's revenue surged 16.3% year-over-year to $3.2B, reflecting rapid business expansion. This strong growth earns a score of 60/100.

Leverage

Veeva Sys Inc carries a low D/E ratio of 0.24, meaning only $0.24 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 4.89, Veeva Sys Inc holds $4.89 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 98/100.

Returns

Veeva Sys Inc's ROE of 12.6% shows moderate profitability relative to equity, earning a score of 38/100. This is up from 11.5% the prior year.

Altman Z-Score Safe

11.45

Veeva Sys Inc scores 11.45, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($27.1B) relative to total liabilities ($1.8B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Strong

7/9

Veeva Sys Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.56x

For every $1 of reported earnings, Veeva Sys Inc generates $1.56 in operating cash flow ($1.4B OCF vs $908.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$3.2B

YoY+16.3%

5Y CAGR+16.9%

10Y CAGR+22.8%

Veeva Sys Inc generated $3.2B in revenue in fiscal year 2026. This represents an increase of 16.3% from the prior year.

EBITDA

N/A

Net Income

$908.9M

YoY+27.3%

5Y CAGR+19.1%

10Y CAGR+32.5%

Veeva Sys Inc reported $908.9M in net income in fiscal year 2026. This represents an increase of 27.3% from the prior year.

EPS (Diluted)

$5.44

YoY+25.9%

5Y CAGR+18.2%

10Y CAGR+30.5%

Veeva Sys Inc earned $5.44 per diluted share (EPS) in fiscal year 2026. This represents an increase of 25.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$1.4B

YoY-27.7%

5Y CAGR+3.7%

10Y CAGR+19.2%

Veeva Sys Inc held $1.4B in cash against $0 in long-term debt as of fiscal year 2026.

Dividends Per Share

N/A

Shares Outstanding

163M

YoY+0.4%

Veeva Sys Inc had 163M shares outstanding in fiscal year 2026. This represents an increase of 0.4% from the prior year.

Margins & Returns

Gross Margin

75.5%

YoY+1.0pp

5Y CAGR+3.4pp

10Y CAGR+10.3pp

Veeva Sys Inc's gross margin was 75.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the prior year.

Operating Margin

28.7%

YoY+3.5pp

5Y CAGR+2.9pp

10Y CAGR+9.5pp

Veeva Sys Inc's operating margin was 28.7% in fiscal year 2026, reflecting core business profitability. This is up 3.5 percentage points from the prior year.

Net Margin

28.4%

YoY+2.4pp

5Y CAGR+2.5pp

10Y CAGR+15.1pp

Veeva Sys Inc's net profit margin was 28.4% in fiscal year 2026, showing the share of revenue converted to profit. This is up 2.4 percentage points from the prior year.

Return on Equity

12.6%

YoY+1.1pp

5Y CAGR-2.9pp

10Y CAGR+2.3pp

Veeva Sys Inc's ROE was 12.6% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 1.1 percentage points from the prior year.

Capital Allocation

R&D Spending

$767.4M

YoY+10.7%

5Y CAGR+21.1%

10Y CAGR+27.8%

Veeva Sys Inc invested $767.4M in research and development in fiscal year 2026. This represents an increase of 10.7% from the prior year.

Share Buybacks

$169.9M

Veeva Sys Inc spent $169.9M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

VEEV Income Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Revenue	$3.2B+16.3%	$2.7B+16.2%	$2.4B+9.7%	$2.2B+16.4%	$1.9B+26.3%	$1.5B
Cost of Revenue	$782.0M+11.8%	$699.6M+3.3%	$677.3M+11.1%	$609.4M+21.0%	$503.7M+23.2%	$408.9M
Gross Profit	$2.4B+17.9%	$2.0B+21.4%	$1.7B+9.1%	$1.5B+14.7%	$1.3B+27.5%	$1.1B
R&D Expenses	$767.4M+10.7%	$693.1M+10.2%	$629.0M+20.9%	$520.3M+36.2%	$382.0M+29.8%	$294.2M
SG&A Expenses	$300.7M+13.2%	$265.7M+7.8%	$246.5M+13.3%	$217.6M+26.9%	$171.5M+15.0%	$149.1M
Operating Income	$916.4M+32.5%	$691.4M+61.0%	$429.3M-6.5%	$459.1M-9.2%	$505.5M+33.8%	$377.8M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$285.6M+39.2%	$205.2M+229.3%	$62.3M+191.3%	$21.4M-74.8%	$84.9M+506.8%	$14.0M
Net Income	$908.9M+27.3%	$714.1M+35.8%	$525.7M+7.8%	$487.7M+14.1%	$427.4M+12.5%	$380.0M
EPS (Diluted)	$5.44+25.9%	$4.32+34.2%	$3.22+7.3%	$3.00+14.1%	$2.63+11.4%	$2.36

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$836.0M+3.0%	$811.2M+2.8%	$789.1M+4.0%	$759.0M+5.3%	$720.9M+3.1%	$699.2M+3.4%	$676.2M+4.0%	$650.3M
Cost of Revenue	$213.5M+7.0%	$199.5M+2.2%	$195.3M+12.3%	$173.8M-4.0%	$181.0M+3.8%	$174.4M+2.4%	$170.4M-2.0%	$173.9M
Gross Profit	$622.5M+1.7%	$611.8M+3.0%	$593.8M+1.5%	$585.2M+8.4%	$539.9M+2.9%	$524.8M+3.8%	$505.8M+6.2%	$476.5M
R&D Expenses	$198.8M+3.6%	$191.9M-0.4%	$192.7M+4.7%	$184.0M+1.4%	$181.5M+5.3%	$172.4M-2.3%	$176.4M+8.4%	$162.7M
SG&A Expenses	$67.6M-1.3%	$68.5M-28.5%	$95.8M+39.2%	$68.8M-2.7%	$70.7M-2.2%	$72.4M+17.9%	$61.4M+0.1%	$61.3M
Operating Income	$245.9M+2.1%	$240.9M+22.9%	$195.9M-16.2%	$233.7M+24.0%	$188.4M+3.9%	$181.4M+8.9%	$166.5M+7.3%	$155.2M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$73.3M-4.2%	$76.6M+17.7%	$65.1M-7.9%	$70.6M+42.7%	$49.5M-12.4%	$56.5M+4.6%	$54.0M+19.4%	$45.2M
Net Income	$244.2M+3.4%	$236.2M+17.9%	$200.3M-12.2%	$228.2M+16.6%	$195.6M+5.3%	$185.8M+8.6%	$171.0M+5.8%	$161.7M
EPS (Diluted)	N/A	$1.40+17.6%	$1.19-13.1%	$1.37	N/A	$1.13+8.7%	$1.04+6.1%	$0.98

VEEV Balance Sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Total Assets	$9.0B+15.6%	$7.8B+25.5%	$6.2B+23.2%	$5.0B+25.2%	$4.0B+24.5%	$3.2B
Current Assets	$8.0B+19.2%	$6.7B+27.9%	$5.2B+25.2%	$4.2B+27.9%	$3.3B+31.3%	$2.5B
Cash & Equivalents	$1.4B-27.7%	$2.0B+64.1%	$1.2B+9.5%	$1.1B-11.8%	$1.2B+4.6%	$1.2B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.3B+155.6%	$492.8M+36.0%	$362.3M-12.3%	$412.9M+25.3%	$329.7M+25.7%	$262.3M
Goodwill	$439.9M0.0%	$439.9M0.0%	$439.9M0.0%	$439.9M0.0%	$439.9M+0.9%	$436.0M
Total Liabilities	$1.8B+13.6%	$1.6B+19.7%	$1.3B+20.2%	$1.1B+14.6%	$942.9M+21.3%	$777.2M
Current Liabilities	$1.6B+12.4%	$1.5B+19.1%	$1.2B+21.6%	$1.0B+14.5%	$878.9M+23.9%	$709.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$7.2B+16.2%	$6.2B+27.0%	$4.9B+24.0%	$3.9B+28.5%	$3.1B+25.5%	$2.4B
Retained Earnings	$4.4B+18.5%	$3.7B+26.9%	$2.9B+23.7%	$2.3B+28.4%	$1.8B+29.1%	$1.4B

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$9.0B+10.9%	$8.1B+1.2%	$8.0B+3.0%	$7.8B+5.8%	$7.3B+13.7%	$6.5B+1.9%	$6.3B+2.3%	$6.2B
Current Assets	$8.0B+12.5%	$7.1B+1.7%	$7.0B+4.3%	$6.7B+6.3%	$6.3B+15.8%	$5.4B+1.5%	$5.4B+2.3%	$5.2B
Cash & Equivalents	$1.4B-14.4%	$1.7B-14.0%	$1.9B-1.8%	$2.0B+75.6%	$1.1B+7.1%	$1.0B-10.4%	$1.2B-2.6%	$1.2B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.3B+300.9%	$314.2M-25.6%	$422.1M-14.4%	$492.8M-51.5%	$1.0B+297.3%	$255.8M-29.9%	$364.7M+0.7%	$362.3M
Goodwill	$439.9M0.0%	$439.9M0.0%	$439.9M0.0%	$439.9M0.0%	$439.9M0.0%	$439.9M0.0%	$439.9M0.0%	$439.9M
Total Liabilities	$1.8B+67.0%	$1.1B-22.4%	$1.4B-12.4%	$1.6B+3.1%	$1.5B+58.4%	$951.5M-17.0%	$1.1B-11.7%	$1.3B
Current Liabilities	$1.6B+73.3%	$944.9M-24.7%	$1.3B-13.8%	$1.5B+4.2%	$1.4B+63.2%	$857.0M-19.9%	$1.1B-12.5%	$1.2B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$7.2B+2.5%	$7.0B+6.1%	$6.6B+6.9%	$6.2B+6.5%	$5.8B+6.0%	$5.5B+6.1%	$5.2B+6.0%	$4.9B
Retained Earnings	$4.4B+5.9%	$4.1B+6.1%	$3.9B+5.4%	$3.7B+6.6%	$3.5B+6.0%	$3.3B+6.0%	$3.1B+5.9%	$2.9B

VEEV Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$1.4B+29.8%	$1.1B+19.6%	$911.3M+16.8%	$780.5M+2.1%	$764.5M+38.7%	$551.2M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$1.1B-57.7%	-$700.1M+35.0%	-$1.1B-6.8%	-$1.0B-191.1%	-$346.2M-3.8%	-$333.6M
Financing Cash Flow	-$9.3M-135.7%	$26.1M+261.3%	-$16.2M+16.5%	-$19.4M-368.0%	-$4.1M-112.2%	$33.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$169.9M	$0	$0	N/A	N/A	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$106.8M-44.6%	$192.8M-19.1%	$238.4M-72.8%	$877.2M+1161.3%	$69.5M-57.6%	$164.1M+76.7%	$92.9M-87.8%	$763.5M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$167.8M+66.1%	-$495.2M-27.2%	-$389.3M-647.1%	-$52.1M-232.1%	-$15.7M+94.7%	-$298.2M-162.0%	-$113.8M+58.2%	-$272.4M
Financing Cash Flow	-$178.0M-645.4%	$32.6M-71.8%	$115.7M+467.7%	$20.4M-2.1%	$20.8M+60.6%	$13.0M+212.9%	-$11.5M-400.0%	$3.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

VEEV Financial Ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Gross Margin	75.5%+1.0pp	74.5%+3.2pp	71.4%-0.4pp	71.7%-1.1pp	72.8%+0.7pp	72.1%
Operating Margin	28.7%+3.5pp	25.2%+7.0pp	18.2%-3.1pp	21.3%-6.0pp	27.3%+1.5pp	25.8%
Net Margin	28.4%+2.4pp	26.0%+3.8pp	22.2%-0.4pp	22.6%-0.5pp	23.1%-2.9pp	25.9%
Return on Equity	12.6%+1.1pp	11.5%+0.8pp	10.8%-1.6pp	12.4%-1.6pp	13.9%-1.6pp	15.5%
Return on Assets	10.1%+0.9pp	9.2%+0.7pp	8.5%-1.2pp	9.7%-0.9pp	10.7%-1.1pp	11.8%
Current Ratio	4.89+0.3	4.60+0.3	4.29+0.1	4.16+0.4	3.73+0.2	3.52
Debt-to-Equity	0.240.0	0.25-0.0	0.270.0	0.27-0.0	0.31-0.0	0.32
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	74.5%-0.9pp	75.4%+0.1pp	75.3%-1.8pp	77.1%+2.2pp	74.9%-0.2pp	75.1%+0.3pp	74.8%+1.5pp	73.3%
Operating Margin	29.4%-0.3pp	29.7%+4.9pp	24.8%-6.0pp	30.8%+4.6pp	26.1%+0.2pp	25.9%+1.3pp	24.6%+0.8pp	23.9%
Net Margin	29.2%+0.1pp	29.1%+3.7pp	25.4%-4.7pp	30.1%+2.9pp	27.1%+0.6pp	26.6%+1.3pp	25.3%+0.4pp	24.9%
Return on Equity	3.4%+0.0pp	3.4%+0.3pp	3.0%-0.7pp	3.7%+0.3pp	3.4%-0.0pp	3.4%+0.1pp	3.3%0.0pp	3.3%
Return on Assets	2.7%-0.2pp	2.9%+0.4pp	2.5%-0.4pp	2.9%+0.3pp	2.7%-0.2pp	2.9%+0.2pp	2.7%+0.1pp	2.6%
Current Ratio	4.89-2.6	7.53+2.0	5.57+1.0	4.60+0.1	4.51-1.8	6.36+1.3	5.01+0.7	4.29
Debt-to-Equity	0.24+0.1	0.15-0.1	0.20-0.0	0.250.0	0.26+0.1	0.17-0.0	0.22-0.0	0.27
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Veeva Sys Inc's annual revenue?

Veeva Sys Inc (VEEV) reported $3.2B in total revenue for fiscal year 2026. This represents a 16.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Veeva Sys Inc's revenue growing?

Veeva Sys Inc (VEEV) revenue grew by 16.3% year-over-year, from $2.7B to $3.2B in fiscal year 2026.

Is Veeva Sys Inc profitable?

Yes, Veeva Sys Inc (VEEV) reported a net income of $908.9M in fiscal year 2026, with a net profit margin of 28.4%.

What is Veeva Sys Inc's gross margin?

Veeva Sys Inc (VEEV) had a gross margin of 75.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Veeva Sys Inc's operating margin?

Veeva Sys Inc (VEEV) had an operating margin of 28.7% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Veeva Sys Inc's net profit margin?

Veeva Sys Inc (VEEV) had a net profit margin of 28.4% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Veeva Sys Inc's return on equity (ROE)?

Veeva Sys Inc (VEEV) has a return on equity of 12.6% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Veeva Sys Inc's operating cash flow?

Veeva Sys Inc (VEEV) generated $1.4B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Veeva Sys Inc's total assets?

Veeva Sys Inc (VEEV) had $9.0B in total assets as of fiscal year 2026, including both current and long-term assets.

How much does Veeva Sys Inc spend on research and development?

Veeva Sys Inc (VEEV) invested $767.4M in research and development during fiscal year 2026.

Does Veeva Sys Inc buy back shares?

Yes, Veeva Sys Inc (VEEV) spent $169.9M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does Veeva Sys Inc have outstanding?

Veeva Sys Inc (VEEV) had 163M shares outstanding as of fiscal year 2026.

What is Veeva Sys Inc's current ratio?

Veeva Sys Inc (VEEV) had a current ratio of 4.89 as of fiscal year 2026, which is generally considered healthy.

What is Veeva Sys Inc's debt-to-equity ratio?

Veeva Sys Inc (VEEV) had a debt-to-equity ratio of 0.24 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Veeva Sys Inc's return on assets (ROA)?

Veeva Sys Inc (VEEV) had a return on assets of 10.1% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Veeva Sys Inc's Altman Z-Score?

Veeva Sys Inc (VEEV) has an Altman Z-Score of 11.45, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Veeva Sys Inc's Piotroski F-Score?

Veeva Sys Inc (VEEV) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Veeva Sys Inc's earnings high quality?

Veeva Sys Inc (VEEV) has an earnings quality ratio of 1.56x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Veeva Sys Inc?

Veeva Sys Inc (VEEV) scores 62 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.