VEEV Chart
About

Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America. The company offers Veeva Commercial Cloud comprising Veeva Vault CRM Suite for pharmaceutical and biotechnology companies; Veeva Medical that provides source of medical content across multiple channels and geographies; Veeva PromoMats, an end-to-end content and digital asset management solution; and Veeva Crossix, an analytics platform for pharmaceutical brands. It also provides Veeva Data Cloud consisting of Veeva OpenData, a customer reference data solution; Veeva Link, which provides deep data; Veeva Compass, which includes de-identified and longitudinal patient data; and Veeva CRM Pulse that provides access and multichannel engagement metrics. In addition, the company offers Veeva Development Cloud consisting of Veeva Clinical Platform, which advances clinical trial execution; Veeva Clinical Data Management that helps sponsors and CROs design and run trials; Veeva Safety, which unifies systems and processes; and Veeva RIM that provides regulatory information management capabilities; as well as Veeva Quality Cloud, which is used by the life sciences and consumer products industries; and Veeva Business Consulting services. Further, it provides professional and support services, including implementation and deployment planning, and project management; requirements analysis, solution design, and configuration; systems environment management and deployment; services focused on advancing or transforming business and operating processes; technical consulting services on data migration and systems integrations; training; and ongoing managed services, such as outsourced systems administration. The company was formerly known as Verticals onDemand, Inc. and changed its name to Veeva Systems Inc. in April 2009. Veeva Systems Inc. was incorporated in 2007 and is headquartered in Pleasanton, California.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Health Information Servi Market Cap 31.44B
Enterprise Value 25.68B Income 908.91M Sales 3.20B
Book/sh 43.90 Cash/sh 39.92 Dividend Yield —
Payout 0.00% Employees — IPO —
P/E 35.15 Forward P/E 19.33 PEG —
P/S 9.84 P/B 4.36 P/C —
EV/EBITDA 26.07 EV/Sales 8.04 Quick Ratio 4.81
Current Ratio 4.88 Debt/Eq 1.33 LT Debt/Eq —
EPS (ttm) 5.44 EPS next Y 9.89 EPS Growth 23.50%
Revenue Growth 16.00% Earnings 2026-05-27 ROA 7.25%
ROE 13.93% ROIC — Gross Margin 75.53%
Oper. Margin 29.41% Profit Margin 28.44% Shs Outstand 164.38M
Shs Float 150.86M Short Float 4.21% Short Ratio 2.67
Short Interest — 52W High 310.50 52W Low 168.14
Beta 1.12 Avg Volume 2.11M Volume 812.61K
Target Price $275.43 Recom Buy Prev Close $195.57
Price $191.24 Change -2.22%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$275.43
Mean price target
2. Current target
$191.24
Latest analyst target
3. DCF / Fair value
$114.76
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$191.24
Low
$190.00
High
$350.00
Mean
$275.43

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-09 main Citigroup Buy → Buy $291
2026-03-05 main Canaccord Genuity Hold → Hold $235
2026-03-05 main TD Cowen Buy → Buy $300
2026-03-05 main Wells Fargo Overweight → Overweight $317
2026-03-05 main Stifel Buy → Buy $245
2026-03-05 reit Truist Securities Buy → Buy $262
2026-03-05 main RBC Capital Outperform → Outperform $275
2026-03-05 main UBS Neutral → Neutral $220
2026-03-05 main Evercore ISI Group In-Line → In-Line $240
2026-03-05 main Morgan Stanley Equal-Weight → Equal-Weight $215
2026-03-05 main Needham Buy → Buy $270
2026-03-05 main Piper Sandler Overweight → Overweight $285
2026-02-26 main Stifel Buy → Buy $212
2026-02-25 main Barclays Overweight → Overweight $250
2026-02-24 main Oppenheimer Outperform → Outperform $275
2026-02-20 main JP Morgan Overweight → Overweight $296
2026-02-20 main UBS Neutral → Neutral $200
2026-02-17 up Morgan Stanley Underweight → Equal-Weight $205
2025-12-12 down Keybanc Overweight → Sector Weight —
2025-11-25 main Wells Fargo Overweight → Overweight $333
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 1000 200000.0 — Sale at price 200.00 per share. SCHWENGER THOMAS D President — 2026-03-05 00:00:00 D
1 288 nan — — MOHR MARSHALL L Director — 2026-02-27 00:00:00 D
2 271 nan — — CARGES MARK T Director — 2026-02-27 00:00:00 D
3 253 nan — — SEKHRI PAUL JAI Director — 2026-02-27 00:00:00 D
4 253 nan — — WALLACH MATTHEW J Director — 2026-02-27 00:00:00 D
5 262 nan — — CABRAL TIMOTHY S Director — 2026-02-27 00:00:00 D
6 297 nan — — RITTER GORDON Director — 2026-02-27 00:00:00 D
7 262 nan — — HUNG PRISCILLA C Director — 2026-02-27 00:00:00 D
8 262 nan — — HEDLEY MARY LYNNE Director — 2026-02-27 00:00:00 D
9 1000 231430.0 — Sale at price 231.43 per share. SCHWENGER THOMAS D President — 2026-01-13 00:00:00 D
Financials
Line Item2025-01-312024-01-312023-01-312022-01-31
TaxEffectOfUnusualItems-730.10K13.14K24.83K-118.35K
TaxRateForCalcs0.220.110.040.17
NormalizedEBITDA734.09M461.84M487.62M533.66M
TotalUnusualItems-3.27M124.00K591.00K-714.00K
TotalUnusualItemsExcludingGoodwill-3.27M124.00K591.00K-714.00K
NetIncomeFromContinuingOperationNetMinorityInterest714.14M525.71M487.71M427.39M
ReconciledDepreciation39.38M32.63M29.12M27.45M
ReconciledCostOfRevenue699.64M677.29M609.40M503.68M
EBITDA730.82M461.96M488.21M532.94M
EBIT691.43M429.33M459.09M505.50M
NetInterestIncome207.99M133.75M45.86M14.73M
InterestIncome207.99M133.75M45.86M14.73M
NormalizedIncome716.68M525.59M487.14M427.99M
NetIncomeFromContinuingAndDiscontinuedOperation714.14M525.71M487.71M427.39M
TotalExpenses2.06B1.93B1.70B1.35B
TotalOperatingIncomeAsReported691.43M429.33M459.09M505.50M
DilutedAverageShares167.00M165.23M163.49M162.44M
BasicAverageShares163.67M161.88M160.53M155.38M
DilutedEPS5.444.323.223.00
BasicEPS5.554.413.273.14
DilutedNIAvailtoComStockholders714.14M525.71M487.71M427.39M
NetIncomeCommonStockholders714.14M525.71M487.71M427.39M
NetIncome714.14M525.71M487.71M427.39M
NetIncomeIncludingNoncontrollingInterests714.14M525.71M487.71M427.39M
NetIncomeContinuousOperations714.14M525.71M487.71M427.39M
TaxProvision205.24M62.32M21.39M84.92M
PretaxIncome919.38M588.02M509.10M512.31M
OtherIncomeExpense19.96M24.94M4.14M-7.92M
OtherNonOperatingIncomeExpenses611.00K572.00K
SecuritiesAmortization-22.62M-24.82M-2.98M7.20M
GainOnSaleOfSecurity-3.27M124.00K591.00K-714.00K
NetNonOperatingInterestIncomeExpense207.99M133.75M45.86M14.73M
InterestIncomeNonOperating207.99M133.75M45.86M14.73M
OperatingIncome691.43M429.33M459.09M505.50M
OperatingExpense1.36B1.26B1.09B841.60M
ResearchAndDevelopment693.08M629.03M520.28M382.04M
SellingGeneralAndAdministration662.47M628.02M566.29M459.57M
SellingAndMarketingExpense396.73M381.47M348.69M288.06M
GeneralAndAdministrativeExpense265.74M246.54M217.59M171.51M
OtherGandA265.74M246.54M217.59M171.51M
GrossProfit2.05B1.69B1.55B1.35B
CostOfRevenue699.64M677.29M609.40M503.68M
TotalRevenue2.75B2.36B2.16B1.85B
OperatingRevenue2.75B2.36B2.16B1.85B
Line Item2025-01-312024-01-312023-01-312022-01-31
OrdinarySharesNumber162.58M161.26M158.24M154.20M
ShareIssued162.58M161.26M158.24M154.20M
TotalDebt75.78M55.77M60.98M54.59M
TangibleBookValue5.35B4.14B3.19B2.37B
InvestedCapital5.83B4.64B3.72B2.91B
WorkingCapital4.91B3.82B2.96B2.27B
NetTangibleAssets5.35B4.14B3.19B2.37B
CapitalLeaseObligations75.78M55.77M60.98M54.59M
CommonStockEquity5.83B4.64B3.72B2.91B
TotalCapitalization5.83B4.64B3.72B2.91B
TotalEquityGrossMinorityInterest5.83B4.64B3.72B2.91B
StockholdersEquity5.83B4.64B3.72B2.91B
GainsLossesNotAffectingRetainedEarnings-8.42M-10.64M-31.13M-11.96M
OtherEquityAdjustments-8.42M-10.64M-31.13M-11.96M
RetainedEarnings3.45B2.74B2.21B1.73B
AdditionalPaidInCapital2.39B1.92B1.53B1.20B
CapitalStock2.00K2.00K2.00K2.00K
CommonStock2.00K2.00K2.00K2.00K
TotalLiabilitiesNetMinorityInterest1.51B1.27B1.09B904.83M
TotalNonCurrentLiabilitiesNetMinorityInterest108.98M87.21M81.24M64.05M
OtherNonCurrentLiabilities42.59M38.72M30.08M18.23M
NonCurrentDeferredLiabilities587.00K2.05M1.49M2.22M
NonCurrentDeferredTaxesLiabilities587.00K2.05M1.49M2.22M
LongTermDebtAndCapitalLeaseObligation65.81M46.44M49.67M43.61M
LongTermCapitalLeaseObligation65.81M46.44M49.67M43.61M
CurrentLiabilities1.40B1.18B1.01B840.78M
CurrentDeferredLiabilities1.27B1.05B869.28M731.75M
CurrentDeferredRevenue1.27B1.05B869.28M731.75M
CurrentDebtAndCapitalLeaseObligation9.97M9.33M11.31M10.98M
CurrentCapitalLeaseObligation9.97M9.33M11.31M10.98M
PensionandOtherPostRetirementBenefitPlansCurrent18.80M19.76M16.81M15.79M
PayablesAndAccruedExpenses95.65M100.03M109.40M82.26M
CurrentAccruedExpenses28.48M28.63M30.70M28.40M
Payables67.18M71.40M78.70M53.86M
OtherPayable6.41M6.56M6.65M6.52M
TotalTaxPayable30.32M33.32M30.37M26.99M
IncomeTaxPayable9.02M11.86M4.95M7.76M
AccountsPayable30.45M31.51M41.68M20.35M
TotalAssets7.34B5.91B4.80B3.82B
TotalNonCurrentAssets1.03B907.71M834.98M709.28M
OtherNonCurrentAssets56.54M43.30M38.95M25.13M
NonCurrentDeferredAssets370.30M257.38M168.52M38.20M
NonCurrentDeferredTaxesAssets343.92M233.46M136.70M5.10M
GoodwillAndOtherIntangibleAssets484.34M502.89M522.35M541.82M
OtherIntangibleAssets44.46M63.02M82.48M101.94M
Goodwill439.88M439.88M439.88M439.88M
NetPPE119.78M104.13M105.15M104.14M
AccumulatedDepreciation-31.45M-36.76M-32.12M-30.27M
GrossPPE151.23M140.89M137.27M134.41M
Leases30.19M30.79M18.99M19.00M
ConstructionInProgress2.99M31.00K302.00K730.00K
OtherProperties55.34M49.64M
MachineryFurnitureEquipment7.77M18.05M16.23M18.62M
BuildingsAndImprovements84.85M66.59M76.32M20.98M
LandAndImprovements25.43M25.43M25.43M25.43M
Properties0.000.000.000.00
CurrentAssets6.31B5.00B3.97B3.11B
OtherCurrentAssets101.46M86.92M81.46M36.68M
PrepaidAssets36.68M
Receivables1.06B888.54M785.23M694.40M
OtherReceivables40.76M36.37M82.17M63.27M
AccountsReceivable1.02B852.17M703.05M631.13M
AllowanceForDoubtfulAccountsReceivable-57.00K-520.00K-469.00K-473.00K
GrossAccountsReceivable1.02B852.69M703.52M631.61M
CashCashEquivalentsAndShortTermInvestments5.15B4.03B3.10B2.38B
OtherShortTermInvestments4.03B3.32B2.22B1.24B
CashAndCashEquivalents1.12B703.49M886.47M1.14B
Line Item2025-01-312024-01-312023-01-312022-01-31
FreeCashFlow1.09B911.34M780.47M764.46M
IncomeTaxPaidSupplementalData322.05M134.47M167.95M58.63M
EndCashPosition1.12B706.67M889.65M1.14B
BeginningCashPosition706.67M889.65M1.14B731.71M
EffectOfExchangeRateChanges-1.74M-1.78M-4.99M-4.66M
ChangesInCash416.03M-181.20M-246.59M414.17M
FinancingCashFlow26.11M-16.19M-19.38M-4.14M
CashFlowFromContinuingFinancingActivities26.11M-16.19M-19.38M-4.14M
NetOtherFinancingCharges-79.42M-78.88M-63.03M-55.29M
ProceedsFromStockOptionExercised105.54M62.69M43.65M51.54M
NetIssuancePaymentsOfDebt0.000.00-384.00K
NetLongTermDebtIssuance0.000.00-384.00K
InvestingCashFlow-700.14M-1.08B-1.01B-346.15M
CashFlowFromContinuingInvestingActivities-700.14M-1.08B-1.01B-346.15M
NetOtherInvestingChanges-20.52M-26.20M-13.51M-14.21M
NetInvestmentPurchaseAndSale-679.62M-1.05B-994.17M-324.16M
SaleOfInvestment1.90B1.65B1.00B792.92M
PurchaseOfInvestment-2.58B-2.70B-2.00B-1.12B
NetBusinessPurchaseAndSale0.000.00-7.78M
PurchaseOfBusiness0.000.00-7.78M
OperatingCashFlow1.09B911.34M780.47M764.46M
CashFlowFromContinuingOperatingActivities1.09B911.34M780.47M764.46M
ChangeInWorkingCapital7.62M60.82M7.34M20.66M
ChangeInOtherWorkingCapital209.84M177.90M119.66M99.06M
ChangeInOtherCurrentLiabilities-9.59M-5.92M-1.72M-4.13M
ChangeInPayablesAndAccruedExpense-6.21M-7.56M27.89M11.72M
ChangeInAccruedExpense-1.41M-4.25M9.28M9.44M
ChangeInPayable-4.80M-3.31M18.61M2.28M
ChangeInAccountPayable-1.96M-10.23M21.43M-3.00M
ChangeInTaxPayable-2.84M6.92M-2.81M5.28M
ChangeInIncomeTaxPayable-2.84M6.92M-2.81M5.28M
ChangeInPrepaidAssets-17.45M414.00K-47.40M-2.91M
ChangeInReceivables-168.97M-104.00M-91.08M-83.08M
ChangesInAccountReceivables-164.57M-149.81M-72.18M-67.02M
OtherNonCashItems28.28M30.34M35.52M37.49M
StockBasedCompensation437.35M393.73M351.91M234.64M
AssetImpairmentCharge693.00K256.00K272.00K
AmortizationOfSecurities-24.44M-26.52M-3.62M6.26M
DeferredTax-112.27M-105.37M-127.50M11.08M
DeferredIncomeTax-112.27M-105.37M-127.50M11.08M
DepreciationAmortizationDepletion39.38M32.63M29.12M27.45M
DepreciationAndAmortization39.38M32.63M29.12M27.45M
OperatingGainsLosses-222.00K971.00K-782.00K
NetForeignCurrencyExchangeGainLoss-222.00K971.00K-782.00K
NetIncomeFromContinuingOperations714.14M525.71M487.71M427.39M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for VEEV
Date User Asset Broker Type Position Size Entry Price Patterns