Growth Metrics

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

Veeva Systems has reported Cost of Revenue over the past 15 years, most recently at $110.2 million for Q1 2026.

  • For Q1 2026, Cost of Revenue fell 72.6% year-over-year to $110.2 million; the TTM value through Jan 2026 reached $514.6 million, down 33.63%, while the annual FY2026 figure was $428.8 million, 38.71% down from the prior year.
  • Cost of Revenue for Q1 2026 was $110.2 million at Veeva Systems, roughly flat from $110.6 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $402.1 million in Q1 2025 and troughed at -$96.4 million in Q1 2023.
  • A 5-year average of $123.0 million and a median of $110.6 million in 2025 define the central range for Cost of Revenue.
  • Biggest five-year swings in Cost of Revenue: plummeted 133.78% in 2022 and later soared 305.34% in 2025.
  • Year by year, Cost of Revenue stood at $153.9 million in 2022, then tumbled by 37.12% to $96.8 million in 2023, then skyrocketed by 80.2% to $174.4 million in 2024, then crashed by 36.61% to $110.6 million in 2025, then fell by 0.34% to $110.2 million in 2026.
  • Business Quant data shows Cost of Revenue for VEEV at $110.2 million in Q1 2026, $110.6 million in Q4 2025, and $195.3 million in Q3 2025.