Veeva Systems (VEEV) Cost of Revenue (2012 - 2026)

Veeva Systems has disclosed Cost of Revenue across 15 years of filings, most recently posting $111.1 million for Q2 2026.

• For the quarter ending Q2 2026, Cost of Revenue rose 12.66% year-over-year to $111.1 million; the trailing twelve-month figure through Apr 2026 stood at $277.2 million (down 60.46% YoY), and the FY2026 full-year result was $428.8 million, down 38.71% from the prior year.
• Cost of Revenue was $111.1 million for Q2 2026 at Veeva Systems, up from -$139.7 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $402.1 million in Q1 2025 and troughed at -$139.7 million in Q1 2026.
• The 5-year median for Cost of Revenue is $98.7 million (2024), against an average of $106.8 million.
• The sharpest annual moves came in 2023 and 2024: Cost of Revenue tumbled 221.66% in 2023, then jumped 280.42% in 2024.
• Year by year, Cost of Revenue stood at $93.9 million in 2022, then jumped by 78.56% to $167.7 million in 2023, then tumbled by 41.14% to $98.7 million in 2024, then grew by 12.01% to $110.6 million in 2025, then rose by 0.51% to $111.1 million in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $111.1 million in Q2 2026, -$139.7 million in Q1 2026, and $110.6 million in Q4 2025.