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
DateValue
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%