Veeva Systems (VEEV) Net Margin (2012 - 2026)
Veeva Systems (VEEV) recorded quarterly Net Margin of 29.55% in Q2 2026, up 1.16% quarter-over-quarter from 29.21% in Q1 2026, and down 51.0% year-on-year from 60.31% in Q2 2025.
Veeva Systems (VEEV) Net Margin (2012 - 2026) Analysis & Trends
Veeva Systems has disclosed Net Margin across 15 years of filings, most recently posting 29.55% for Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 51.0% year-over-year to 29.55%; the trailing twelve-month figure through Apr 2026 stood at 28.37% (up 103.0% YoY), and the FY2026 full-year result was 28.44%, up 244.0% from the prior year.
- Net Margin was 29.55% for Q2 2026 at Veeva Systems, up from 29.21% in the prior quarter.
- Over five years, Net Margin peaked at 33.46% in Q1 2023 and troughed at 16.96% in Q3 2022.
- The 5-year median for Net Margin is 25.14% (2023), against an average of 24.79%.
- The sharpest annual moves came in 2023 and 2024: Net Margin jumped 1346 bps in 2023, then plunged 1009 bps in 2024.
- Year by year, Net Margin stood at 19.64% in 2022, then grew by 12 bps to 21.92% in 2023, then advanced by 21 bps to 26.57% in 2024, then increased by 10 bps to 29.12% in 2025, then climbed by 1 bps to 29.55% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 29.55% in Q2 2026, 29.21% in Q1 2026, and 29.12% in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 29.55% |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 2.06% |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 19.57% |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 18.66% |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | -8.93% |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 13.15% |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 13.80% |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | 0.61% |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 3.68% |
| 10 | Teladoc Health | 1.45 Bn | 696.57 Mn | 562.57 Mn | -10.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 29.55% |
| Jan 31, 2026 | 29.21% |
| Oct 31, 2025 | 29.12% |
| Jul 31, 2025 | 25.39% |
| Apr 30, 2025 | 30.06% |
| Jan 31, 2025 | 27.14% |
| Oct 31, 2024 | 26.57% |
| Jul 31, 2024 | 25.30% |
| Apr 30, 2024 | 24.86% |
| Jan 31, 2024 | 23.37% |
| Oct 31, 2023 | 21.92% |
| Jul 31, 2023 | 18.91% |
| Apr 30, 2023 | 24.99% |
| Jan 31, 2023 | 33.46% |
| Oct 31, 2022 | 19.64% |
| Jul 31, 2022 | 16.96% |
| Apr 30, 2022 | 19.82% |
| Jan 31, 2022 | 20.00% |
| Oct 31, 2021 | 22.24% |
| Jul 31, 2021 | 23.89% |