Veeva Systems (VEEV) Cost of Revenue (2012 - 2026)
Veeva Systems' Cost of Revenue came in at $232.01 million for fiscal Q2 2027 (quarter ended Jul 31, 2026), up 18.8% from $195.25 million a year earlier and up 5.0% from the prior quarter.
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Analysis
Veeva Systems (VEEV) Cost of Revenue (2012 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, Veeva Systems reported Cost of Revenue of $865.88 million, up 19.5% year-over-year; for FY2026 (ended Jan 31, 2026), it came in at $782.02 million, up 11.8% from FY2025.
- Cost of Revenue has increased in each of the last 14 fiscal years, with a five-year compound annual growth rate of 13.8% (FY2021 to FY2026).
- Going back by fiscal year, Cost of Revenue was $699.64 million in FY2025 (+3.3%), $677.29 million in FY2024 (+11.1%), $609.41 million in FY2023 (+21.0%) and $503.68 million in FY2022 (+23.2%).
- The fiscal Q2 2027 figure represents the highest quarterly Cost of Revenue in data going back to fiscal Q1 2013.
- Year-over-year, Cost of Revenue has increased for five consecutive quarters, with growth averaging 12.6% over the last eight quarters.
- Over the past five years, the year-over-year growth in Cost of Revenue ranged from 0.0% (fiscal Q1 2026) to 27.1% (fiscal Q1 2027).
- Business Quant data shows VEEV's Cost of Revenue at $220.92 million (Q1 2027), $213.48 million (Q4 2026) and $199.47 million (Q3 2026) in the three fiscal quarters before Q2 2027.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 50.56 Bn | 22.81 Bn | 695.95 Mn | 232.01 Mn |
| 3 | Samsara | 23.91 Bn | 20.69 Bn | 392.58 Mn | 115.86 Mn |
| 4 | Ptc | 22.16 Bn | 20.97 Bn | 490.47 Mn | 109.58 Mn |
| 5 | Toast | 18.70 Bn | 11.37 Bn | 516.00 Mn | 1.39 Bn |
| 6 | Trimble | 14.15 Bn | 13.22 Bn | 674.90 Mn | 297.10 Mn |
| 7 | Manhattan Associates | 13.16 Bn | 12.15 Bn | 168.33 Mn | 129.46 Mn |
| 8 | Costar | 12.92 Bn | 6.87 Bn | 728.00 Mn | 197.00 Mn |
| 9 | Bentley Systems | 11.18 Bn | 10.64 Bn | 336.74 Mn | 73.99 Mn |
| 10 | Procore Technologies | 8.73 Bn | 6.03 Bn | 299.80 Mn | 75.41 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 232.01 Mn |
| Apr 30, 2026 | 220.92 Mn |
| Jan 31, 2026 | 213.48 Mn |
| Oct 31, 2025 | 199.47 Mn |
| Jul 31, 2025 | 195.25 Mn |
| Apr 30, 2025 | 173.82 Mn |
| Jan 31, 2025 | 180.99 Mn |
| Oct 31, 2024 | 174.39 Mn |
| Jul 31, 2024 | 170.37 Mn |
| Apr 30, 2024 | 173.88 Mn |
| Jan 31, 2024 | 173.93 Mn |
| Oct 31, 2023 | 167.68 Mn |
| Jul 31, 2023 | 169.02 Mn |
| Apr 30, 2023 | 166.66 Mn |
| Jan 31, 2023 | 164.31 Mn |
| Oct 31, 2022 | 153.91 Mn |
| Jul 31, 2022 | 151.67 Mn |
| Apr 30, 2022 | 139.52 Mn |
| Jan 31, 2022 | 135.88 Mn |
| Oct 31, 2021 | 129.56 Mn |
API Access
Veeva Systems Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=VEEV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "VEEV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=VEEV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();