Veeva Systems (VEEV) Gross Margin (2012 - 2026)
Veeva Systems' (VEEV) quarterly Gross Margin came in at 74.98% in Q2 2026, down 212.0% year-on-year from 66.95% in Q2 2025, and up 0.69% quarter-over-quarter from 74.46% in Q1 2026.
Veeva Systems (VEEV) Gross Margin (2012 - 2026) Analysis & Trends
Veeva Systems' Gross Margin history runs 15 years deep, the most recent figure standing at 74.98% for Q2 2026.
- On a quarterly basis, Gross Margin fell 212.0% year-over-year to 74.98% in Q2 2026; TTM through Apr 2026 was 75.02%, a 48.0% decrease from a year earlier, with the FY2026 full-year figure at 75.53%, up 100.0% from the prior year.
- Gross Margin advanced to 74.98% in Q2 2026 per VEEV's latest filing, from 74.46% in the prior quarter.
- Across five years, Gross Margin topped out at 77.1% in Q2 2025 and bottomed at 68.33% in Q2 2023.
- The 5-year median for Gross Margin is 73.03% (2024), against an average of 73.28%.
- Across the five-year window, Gross Margin slumped 404 bps in 2023 and soared 493 bps in 2024, its largest moves.
- Year by year, Gross Margin stood at 72.14% in 2022, then climbed by 1 bps to 72.8% in 2023, then climbed by 3 bps to 75.06% in 2024, then advanced by 0 bps to 75.41% in 2025, then dropped by 1 bps to 74.98% in 2026.
- Per Business Quant, the three latest VEEV Gross Margin figures stand at 74.98% (Q2 2026), 74.46% (Q1 2026), and 75.41% (Q4 2025).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 31.52 Bn | 24.20 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 14.77 Bn | 13.87 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 8.22 Bn | 7.95 Bn | 256.31 Mn | 72.27% |
| 4 | 10x Genomics | 5.97 Bn | 5.43 Bn | 106.18 Mn | 70.39% |
| 5 | Hinge Health | 5.89 Bn | 5.57 Bn | 154.23 Mn | 84.60% |
| 6 | MiniMed | 4.49 Bn | 4.19 Bn | 480.00 Mn | 57.35% |
| 7 | Waystar Holding | 4.41 Bn | 4.35 Bn | 216.84 Mn | 69.08% |
| 8 | Doximity | 3.90 Bn | 3.15 Bn | 125.97 Mn | 86.65% |
| 9 | Privia Health | 3.19 Bn | 2.77 Bn | - | - |
| 10 | Omnicell | 1.88 Bn | 1.64 Bn | 140.36 Mn | 45.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 74.98% |
| 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% |