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Veeva Systems (VEEV) Cost of Revenue (2016 - 2026)

Veeva Systems (VEEV) has 14 years of Cost of Revenue data on record, last reported at $199.5 million in Q4 2025.

  • For Q4 2025, Cost of Revenue rose 14.38% year-over-year to $199.5 million; the TTM value through Oct 2025 reached $446.6 million, down 27.71%, while the annual FY2025 figure was $396.7 million, 4.0% up from the prior year.
  • Cost of Revenue reached $199.5 million in Q4 2025 per VEEV's latest filing, down from $270.4 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $349.8 million in Q1 2023 and bottomed at -$121.9 million in Q1 2025.
  • Average Cost of Revenue over 5 years is $124.0 million, with a median of $114.4 million recorded in 2021.
  • Peak YoY movement for Cost of Revenue: surged 1482.78% in 2023, then plummeted 222.9% in 2025.
  • A 5-year view of Cost of Revenue shows it stood at $129.6 million in 2021, then dropped by 27.52% to $93.9 million in 2022, then plummeted by 156.88% to -$53.4 million in 2023, then surged by 426.5% to $174.4 million in 2024, then rose by 14.38% to $199.5 million in 2025.
  • Per Business Quant database, its latest 3 readings for Cost of Revenue were $199.5 million in Q4 2025, $270.4 million in Q3 2025, and $98.6 million in Q2 2025.