Veeva Systems (VEEV) FCF Margin (2012 - 2026)
Veeva Systems (VEEV) posted quarterly FCF Margin of 127.46% for Q2 2026, up 1267.0% year-over-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.
- In Q2 2026, FCF Margin rose 1267.0% year-over-year to 127.46%; the TTM figure through Apr 2026 stood at 49.42% (up 789.0% YoY), while the FY2026 annual figure was 43.38%, up 444.0% from the prior year.
- FCF Margin for Q2 2026 stood at 127.46%, up from 11.94% in the prior quarter.
- The five-year high for FCF Margin was 127.46% in Q2 2026, with the low 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 tumbled 3000 bps in 2024.
- Veeva Systems' FCF Margin stood at 24.81% in 2022, then sank by 50 bps to 12.44% in 2023, then surged by 84 bps to 22.86% in 2024, then declined by 1 bps to 22.55% in 2025, then jumped by 465 bps to 127.46% in 2026.
- Business Quant data shows VEEV's FCF Margin at 127.46% in Q2 2026, 11.94% in Q1 2026, and 22.55% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 127.46% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 0.38% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 23.01% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 10.19% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 46.84% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -27.00% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 13.54% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 25.33% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | - |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 0.25% |
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% |