Veeva Systems (VEEV) FCF Margin (2012 - 2026)
Veeva Systems' quarterly FCF Margin came in at 11.94% in Q1 2026, up 295.0% year-on-year from 3.02% in Q1 2025, and down 47.04% quarter-over-quarter from 22.55% in Q4 2025.
Veeva Systems has reported FCF Margin for 15 years, with the latest figure at 11.94% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin rose 295.0% year-over-year to 11.94%; the trailing twelve-month figure through Jan 2026 stood at 43.38% (up 444.0% YoY), and the FY2026 full-year result was 43.38%, up 444.0% from the prior year.
- FCF Margin for Q1 2026 stood at 11.94%, down from 22.55% in the prior quarter.
- The five-year high for FCF Margin was 116.1% in Q2 2024, with the low at 7.93% in Q1 2024.
- Average FCF Margin over 5 years is 38.63%, with a median of 22.55% recorded in 2025.
- Year-over-year, FCF Margin surged 2611 bps in 2023 and plunged 3000 bps in 2024.
- Tracing VEEV's FCF Margin over 5 years: stood at 24.81% in 2022, then sank by 50 bps to 12.44% in 2023, then jumped by 84 bps to 22.86% in 2024, then retreated by 1 bps to 22.55% in 2025, then tumbled by 47 bps to 11.94% in 2026.
- The last three FCF Margin figures came in at 11.94% (Q1 2026), 22.55% (Q4 2025), and 29.42% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 11.94% |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 3.30% |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 23.01% |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 23.62% |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 73.79% |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 22.17% |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 17.24% |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | -8.19% |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 13.57% |
| 10 | Teladoc Health | 1.42 Bn | 672.39 Mn | 562.57 Mn | -4.02% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Apr 30, 2021 | 109.72% |
| Jan 31, 2021 | 17.17% |
| Oct 31, 2020 | 24.39% |
| Jul 31, 2020 | 28.25% |
| Apr 30, 2020 | 83.78% |
| Jan 31, 2020 | 12.52% |
| Oct 31, 2019 | 21.45% |
| Jul 31, 2019 | 37.13% |
| Apr 30, 2019 | 96.05% |
| Jan 31, 2019 | 11.89% |
| Oct 31, 2018 | 18.27% |
| Jul 31, 2018 | 41.28% |
| Apr 30, 2018 | 76.89% |
| Jan 31, 2018 | -3.69% |
| Oct 31, 2017 | 18.04% |
| Jul 31, 2017 | 32.82% |
| Apr 30, 2017 | 86.50% |
| Jan 31, 2017 | 1.13% |
| Oct 31, 2016 | 16.48% |
| Jul 31, 2016 | 8.29% |
| Apr 30, 2016 | 91.20% |
| Jan 31, 2016 | 1.17% |
| Oct 31, 2015 | 892.88% |
| Jul 31, 2015 | 5.50% |
| Apr 30, 2015 | 41.24% |
| Jan 31, 2015 | 27.86% |
| Oct 31, 2014 | 39.92% |
| Jul 31, 2014 | -11.07% |
| Apr 30, 2014 | 26.72% |
| Jan 31, 2014 | 33.66% |
| Oct 31, 2013 | 8.27% |
| Jul 31, 2013 | 18.65% |
| Apr 30, 2013 | 30.39% |
| Jan 31, 2013 | 28.98% |
| Oct 31, 2012 | 26.42% |