Veeva Systems (VEEV) Cost of Revenue (2012 - 2026)
Veeva Systems (VEEV) posted Cost of Revenue of $232.0 million for Q3 2026, up 5.02% on a QoQ basis from $220.9 million in Q2 2026, and up 18.83% year-over-year from $195.3 million in Q3 2025.
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Analysis
Veeva Systems (VEEV) Cost of Revenue (2012 - 2026) Analysis & Trends
Veeva Systems has reported Cost of Revenue for 15 years, with the latest figure at $232.0 million in Q3 2026.
- On a quarterly basis, Cost of Revenue rose 18.83% year-over-year to $232.0 million in Q3 2026; TTM through Jul 2026 was $865.9 million, a 19.52% increase from a year earlier, with the FY2026 full-year figure at $782.0 million, up 11.78% from the prior year.
- Cost of Revenue was $232.0 million for Q3 2026 at Veeva Systems, up from $220.9 million in the prior quarter.
- The five-year high for Cost of Revenue was $232.0 million in Q3 2026, with the low at $135.9 million in Q1 2022.
- Average Cost of Revenue over 5 years is $176.7 million, with a median of $173.8 million recorded in 2025.
- The sharpest annual moves came in 2025 and 2026: Cost of Revenue declined 0.03% in 2025, then grew 27.1% in 2026.
- Over 5 years, Cost of Revenue stood at $153.9 million in 2022, then climbed by 8.95% to $167.7 million in 2023, then increased by 4.0% to $174.4 million in 2024, then gained by 14.38% to $199.5 million in 2025, then advanced by 16.32% to $232.0 million in 2026.
- The last three Cost of Revenue figures came in at $232.0 million (Q3 2026), $220.9 million (Q2 2026), and $213.5 million (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 43.86 Bn | 36.61 Bn | 695.95 Mn | 232.01 Mn |
| 2 | Samsara | 22.87 Bn | 22.04 Bn | 392.58 Mn | 115.86 Mn |
| 3 | Toast | 17.21 Bn | 15.49 Bn | 516.00 Mn | 1.39 Bn |
| 4 | Ptc | 15.54 Bn | 15.19 Bn | 490.47 Mn | 109.58 Mn |
| 5 | Trimble | 13.83 Bn | 13.62 Bn | 674.90 Mn | 297.10 Mn |
| 6 | Duolingo | 13.65 Bn | 12.34 Bn | 216.74 Mn | 81.71 Mn |
| 7 | Manhattan Associates | 12.26 Bn | 12.08 Bn | 168.33 Mn | 129.46 Mn |
| 8 | Costar | 11.45 Bn | 10.20 Bn | 728.00 Mn | 220.00 Mn |
| 9 | Bentley Systems | 9.87 Bn | 9.73 Bn | 336.74 Mn | 73.99 Mn |
| 10 | Procore Technologies | 7.76 Bn | 7.10 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();