Veeva Systems (VEEV) FCF Margin (2012 - 2026)
Veeva Systems (VEEV) recorded quarterly FCF Margin of 127.46% in Q2 2026, up 967.41% quarter-over-quarter from 11.94% in Q1 2026, and up 1267.0% year-on-year from 9.32% in Q2 2025.
Veeva Systems (VEEV) FCF Margin (2012 - 2026) Analysis & Trends
Veeva Systems has disclosed FCF Margin across 15 years of filings, most recently posting 127.46% for Q2 2026.
- For the quarter ending Q2 2026, FCF Margin rose 1267.0% year-over-year to 127.46%; the trailing twelve-month figure through Apr 2026 stood at 49.42% (up 789.0% YoY), and the FY2026 full-year result was 43.38%, up 444.0% from the prior year.
- FCF Margin was 127.46% for Q2 2026 at Veeva Systems, up from 11.94% in the prior quarter.
- Over five years, FCF Margin peaked at 127.46% in Q2 2026 and troughed at 7.93% in Q1 2024.
- The 5-year median for FCF Margin is 22.7% (2024), against an average of 43.57%.
- The sharpest annual moves came in 2023 and 2024: FCF Margin surged 2611 bps in 2023, then slumped 3000 bps in 2024.
- Year by year, FCF Margin stood at 24.81% in 2022, then slumped by 50 bps to 12.44% in 2023, then jumped by 84 bps to 22.86% in 2024, then dropped by 1 bps to 22.55% in 2025, then soared by 465 bps to 127.46% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 127.46% in Q2 2026, 11.94% in Q1 2026, and 22.55% in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 127.46% |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 3.30% |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 23.01% |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 23.62% |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | 17.24% |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 73.79% |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 22.17% |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | -8.19% |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 13.57% |
| 10 | Teladoc Health | 1.45 Bn | 696.57 Mn | 562.57 Mn | -4.02% |
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% |