Veeva Systems (VEEV) Gross Margin (2012 - 2026)
Veeva Systems' quarterly Gross Margin came in at 74.46% in Q1 2026, down 43.0% year-on-year from 130.64% in Q1 2025, and down 1.26% quarter-over-quarter from 75.41% in Q4 2025.
Veeva Systems has reported Gross Margin for 15 years, with the latest figure at 74.46% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 43.0% year-over-year to 74.46%; the trailing twelve-month figure through Jan 2026 stood at 75.53% (up 100.0% YoY), and the FY2026 full-year result was 75.53%, up 100.0% from the prior year.
- Gross Margin for Q1 2026 stood at 74.46%, down from 75.41% in the prior quarter.
- The five-year high for Gross Margin was 77.1% in Q2 2025, with the low at 68.33% in Q2 2023.
- Average Gross Margin over 5 years is 73.18%, with a median of 72.8% recorded in 2023.
- Year-over-year, Gross Margin slumped 404 bps in 2023 and soared 493 bps in 2024.
- Tracing VEEV's Gross Margin over 5 years: stood at 72.14% in 2022, then grew by 1 bps to 72.8% in 2023, then grew by 3 bps to 75.06% in 2024, then climbed by 0 bps to 75.41% in 2025, then slipped by 1 bps to 74.46% in 2026.
- The last three Gross Margin figures came in at 74.46% (Q1 2026), 75.41% (Q4 2025), and 75.26% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 74.46% |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 72.27% |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 84.60% |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 86.65% |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 85.40% |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 70.39% |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 98.65% |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 45.30% |
| 10 | Teladoc Health | 1.42 Bn | 672.39 Mn | 562.57 Mn | 91.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 74.46% |
| Oct 31, 2025 | 75.41% |
| Jul 31, 2025 | 75.26% |
| Apr 30, 2025 | 77.10% |
| Jan 31, 2025 | 74.89% |
| Oct 31, 2024 | 75.06% |
| Jul 31, 2024 | 74.80% |
| Apr 30, 2024 | 73.26% |
| Jan 31, 2024 | 72.42% |
| Oct 31, 2023 | 72.80% |
| Jul 31, 2023 | 71.36% |
| Apr 30, 2023 | 68.33% |
| Jan 31, 2023 | 70.83% |
| Oct 31, 2022 | 72.14% |
| Jul 31, 2022 | 71.61% |
| Apr 30, 2022 | 72.38% |
| Jan 31, 2022 | 72.01% |
| Oct 31, 2021 | 72.79% |
| Jul 31, 2021 | 73.20% |
| Apr 30, 2021 | 73.21% |
| Jan 31, 2021 | 71.31% |
| Oct 31, 2020 | 72.72% |
| Jul 31, 2020 | 72.52% |
| Apr 30, 2020 | 71.85% |
| Jan 31, 2020 | 69.72% |
| Oct 31, 2019 | 73.90% |
| Jul 31, 2019 | 73.69% |
| Apr 30, 2019 | 73.24% |
| Jan 31, 2019 | 72.23% |
| Oct 31, 2018 | 72.69% |
| Jul 31, 2018 | 71.74% |
| Apr 30, 2018 | 69.24% |
| Jan 31, 2018 | 68.32% |
| Oct 31, 2017 | 69.93% |
| Jul 31, 2017 | 69.96% |
| Apr 30, 2017 | 69.41% |
| Jan 31, 2017 | 69.05% |
| Oct 31, 2016 | 69.24% |
| Jul 31, 2016 | 67.88% |
| Apr 30, 2016 | 65.69% |
| Jan 31, 2016 | 65.22% |
| Oct 31, 2015 | 4,112.29% |
| Jul 31, 2015 | 65.88% |
| Apr 30, 2015 | 64.43% |
| Jan 31, 2015 | 64.19% |
| Oct 31, 2014 | 63.71% |
| Jul 31, 2014 | 62.81% |
| Apr 30, 2014 | 61.11% |
| Jan 31, 2014 | 84.15% |
| Oct 31, 2013 | 61.09% |
| Jul 31, 2013 | 89.36% |
| Apr 30, 2013 | 58.61% |
| Jan 31, 2013 | 95.51% |
| Oct 31, 2012 | 55.70% |
| Jul 31, 2012 | 55.70% |
| Apr 30, 2012 | 97.99% |