Veeva Systems (VEEV) Gross Margin (2012 - 2026)
Veeva Systems (VEEV) posted Gross Margin of 75.0% for Q3 2026, little changed on a QoQ basis from 74.98% in Q2 2026, and down 26.0% year-over-year from 101.35% in Q3 2025.
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Veeva Systems (VEEV) Gross Margin (2012 - 2026) Analysis & Trends
Veeva Systems has reported Gross Margin for 15 years, with the latest figure at 75.0% in Q3 2026.
- On a quarterly basis, Gross Margin fell 26.0% year-over-year to 75.0% in Q3 2026; TTM through Jul 2026 was 74.96%, a 63.0% decrease from a year earlier, with the FY2026 full-year figure at 75.53%, up 100.0% from the prior year.
- Gross Margin was 75.0% for Q3 2026 at Veeva Systems, roughly flat from 74.98% 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 73.37%, with a median of 73.26% recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Gross Margin sank 404 bps in 2023, then surged 493 bps in 2024.
- Over 5 years, Gross Margin 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 decreased by 1 bps to 75.0% in 2026.
- The last three Gross Margin figures came in at 75.0% (Q3 2026), 74.98% (Q2 2026), and 74.46% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 44.53 Bn | 37.29 Bn | 695.95 Mn | 75.00% |
| 2 | Waystar Holding | 4.81 Bn | 4.62 Bn | 221.99 Mn | 69.44% |
| 3 | Doximity | 4.74 Bn | 4.05 Bn | 132.93 Mn | 84.87% |
| 4 | CCC Intelligent Solutions Holdings | 4.41 Bn | 4.30 Bn | 210.64 Mn | 73.67% |
| 5 | EverCommerce | 1.40 Bn | 1.27 Bn | 119.50 Mn | 78.61% |
| 6 | Schrodinger | 1.32 Bn | 904.47 Mn | 32.43 Mn | 55.07% |
| 7 | Certara | 1.21 Bn | 1.03 Bn | 58.15 Mn | 62.34% |
| 8 | GoodRx Holdings | 1.18 Bn | 887.53 Mn | 179.41 Mn | 89.52% |
| 9 | Healthstream | 853.81 Mn | 787.08 Mn | 54.72 Mn | 65.35% |
| 10 | Phreesia | 677.81 Mn | 677.81 Mn | 110.19 Mn | 85.11% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 75.00% |
| 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% |