Veeva Systems (VEEV) Gross Margin (2012 - 2026)
Veeva Systems (VEEV) posted quarterly Gross Margin of 74.98% for Q2 2026, down 212.0% year-over-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.
- In Q2 2026, Gross Margin fell 212.0% year-over-year to 74.98%; the TTM figure through Apr 2026 stood at 75.02% (down 48.0% YoY), while the FY2026 annual figure was 75.53%, up 100.0% from the prior year.
- Gross Margin for Q2 2026 stood at 74.98%, up from 74.46% 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.
- 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 sank 404 bps in 2023, then soared 493 bps in 2024.
- Veeva Systems' Gross Margin stood at 72.14% in 2022, then advanced by 1 bps to 72.8% in 2023, then advanced by 3 bps to 75.06% in 2024, then gained by 0 bps to 75.41% in 2025, then slipped by 1 bps to 74.98% in 2026.
- Business Quant data shows VEEV's Gross Margin at 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 | 39.72 Bn | 32.40 Bn | 662.02 Mn | 74.98% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 12.72% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 72.27% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 74.48% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 86.44% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 57.35% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 69.44% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 84.87% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 83.00% |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | - |
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% |