Veeva Systems (VEEV) EBT Margin (2012 - 2026)
Veeva Systems' (VEEV) quarterly EBT Margin came in at 39.36% in Q2 2026, down 1.0% year-on-year from 39.76% in Q2 2025, and up 3.62% quarter-over-quarter from 37.99% in Q1 2026.
Veeva Systems (VEEV) EBT Margin (2012 - 2026) Analysis & Trends
Veeva Systems' EBT Margin history runs 15 years deep, the most recent figure standing at 39.36% for Q2 2026.
- On a quarterly basis, EBT Margin fell 1.0% year-over-year to 39.36% in Q2 2026; TTM through Apr 2026 was 37.46%, a 204.0% increase from a year earlier, with the FY2026 full-year figure at 37.38%, up 391.0% from the prior year.
- EBT Margin grew to 39.36% in Q2 2026 per VEEV's latest filing, from 37.99% in the prior quarter.
- Across five years, EBT Margin topped out at 39.37% in Q2 2025 and bottomed at 17.44% in Q2 2023.
- The 5-year median for EBT Margin is 30.39% (2024), against an average of 30.01%.
- Across the five-year window, EBT Margin slumped 838 bps in 2023 and surged 1438 bps in 2024, its largest moves.
- Year by year, EBT Margin stood at 24.23% in 2022, then advanced by 14 bps to 27.68% in 2023, then increased by 25 bps to 34.65% in 2024, then increased by 11 bps to 38.56% in 2025, then climbed by 2 bps to 39.36% in 2026.
- Per Business Quant, the three latest VEEV EBT Margin figures stand at 39.36% (Q2 2026), 37.99% (Q1 2026), and 38.56% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | 39.36% |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | 2.29% |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 26.06% |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | -8.52% |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 19.72% |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | -10.99% |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 19.06% |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 22.10% |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | 1.54% |
| 10 | Omnicell | 1.81 Bn | 1.57 Bn | 140.36 Mn | 5.46% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 39.36% |
| Jan 31, 2026 | 37.99% |
| Oct 31, 2025 | 38.56% |
| Jul 31, 2025 | 33.63% |
| Apr 30, 2025 | 39.37% |
| Jan 31, 2025 | 34.00% |
| Oct 31, 2024 | 34.65% |
| Jul 31, 2024 | 33.28% |
| Apr 30, 2024 | 31.81% |
| Jan 31, 2024 | 28.97% |
| Oct 31, 2023 | 27.68% |
| Jul 31, 2023 | 24.21% |
| Apr 30, 2023 | 17.44% |
| Jan 31, 2023 | 24.03% |
| Oct 31, 2022 | 24.23% |
| Jul 31, 2022 | 20.50% |
| Apr 30, 2022 | 25.81% |
| Jan 31, 2022 | 24.61% |
| Oct 31, 2021 | 28.05% |
| Jul 31, 2021 | 27.72% |