Veeva Systems (VEEV) FCF Margin (2012 - 2026)
Veeva Systems' (VEEV) quarterly FCF Margin came in at 127.46% in Q2 2026, up 1267.0% year-on-year from 9.32% in Q2 2025, and up 967.41% quarter-over-quarter from 11.94% in Q1 2026.
Veeva Systems (VEEV) FCF Margin (2012 - 2026) Analysis & Trends
Veeva Systems' FCF Margin history runs 15 years deep, the most recent figure standing at 127.46% for Q2 2026.
- On a quarterly basis, FCF Margin rose 1267.0% year-over-year to 127.46% in Q2 2026; TTM through Apr 2026 was 49.42%, a 789.0% increase from a year earlier, with the FY2026 full-year figure at 43.38%, up 444.0% from the prior year.
- FCF Margin advanced to 127.46% in Q2 2026 per VEEV's latest filing, from 11.94% in the prior quarter.
- Across five years, FCF Margin topped out at 127.46% in Q2 2026 and bottomed at 7.93% in Q1 2024.
- The 5-year median for FCF Margin is 22.7% (2024), against an average of 43.57%.
- Across the five-year window, FCF Margin surged 2611 bps in 2023 and plunged 3000 bps in 2024, its largest moves.
- Year by year, FCF Margin stood at 24.81% in 2022, then plunged by 50 bps to 12.44% in 2023, then soared by 84 bps to 22.86% in 2024, then fell by 1 bps to 22.55% in 2025, then surged by 465 bps to 127.46% in 2026.
- Per Business Quant, the three latest VEEV FCF Margin figures stand at 127.46% (Q2 2026), 11.94% (Q1 2026), and 22.55% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | 127.46% |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | 2.81% |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 23.01% |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | 17.24% |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 23.59% |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | -27.00% |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 22.17% |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 79.91% |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | -8.03% |
| 10 | Omnicell | 1.81 Bn | 1.57 Bn | 140.36 Mn | 18.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 127.46% |
| Jan 31, 2026 | 11.94% |
| Oct 31, 2025 | 22.55% |
| Jul 31, 2025 | 29.42% |
| Apr 30, 2025 | 114.78% |
| Jan 31, 2025 | 8.99% |
| Oct 31, 2024 | 22.86% |
| Jul 31, 2024 | 13.28% |
| Apr 30, 2024 | 116.10% |
| Jan 31, 2024 | 7.93% |
| Oct 31, 2023 | 12.44% |
| Jul 31, 2023 | 43.28% |
| Apr 30, 2023 | 95.56% |
| Jan 31, 2023 | 10.56% |
| Oct 31, 2022 | 24.81% |
| Jul 31, 2022 | 17.17% |
| Apr 30, 2022 | 94.77% |
| Jan 31, 2022 | 10.33% |
| Oct 31, 2021 | 23.24% |
| Jul 31, 2021 | 24.97% |