Veeva Systems (VEEV) Gross Margin (2012 - 2026)
Veeva Systems (VEEV) recorded quarterly Gross Margin of 74.98% in Q2 2026, up 0.69% quarter-over-quarter from 74.46% in Q1 2026, and down 212.0% year-on-year from 66.95% in Q2 2025.
Veeva Systems (VEEV) Gross Margin (2012 - 2026) Analysis & Trends
Veeva Systems has disclosed Gross Margin across 15 years of filings, most recently posting 74.98% for Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 212.0% year-over-year to 74.98%; the trailing twelve-month figure through Apr 2026 stood at 75.02% (down 48.0% YoY), and the FY2026 full-year result was 75.53%, up 100.0% from the prior year.
- Gross Margin was 74.98% for Q2 2026 at Veeva Systems, up from 74.46% in the prior quarter.
- Over five years, Gross Margin peaked at 77.1% in Q2 2025 and troughed at 68.33% in Q2 2023.
- The 5-year median for Gross Margin is 73.03% (2024), against an average of 73.28%.
- The sharpest annual moves came in 2023 and 2024: Gross Margin plunged 404 bps in 2023, then soared 493 bps in 2024.
- Year by year, Gross Margin stood at 72.14% in 2022, then gained by 1 bps to 72.8% in 2023, then gained by 3 bps to 75.06% in 2024, then rose by 0 bps to 75.41% in 2025, then decreased by 1 bps to 74.98% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 74.98% in Q2 2026, 74.46% in Q1 2026, and 75.41% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 13.34% |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 72.27% |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 84.60% |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | 70.39% |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 86.65% |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 85.40% |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | 98.65% |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 45.30% |
| 10 | Teladoc Health | 1.45 Bn | 696.57 Mn | 562.57 Mn | 91.65% |
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% |