Veeva Systems (VEEV) Net Margin (2012 - 2026)
Veeva Systems (VEEV) posted quarterly Net Margin of 29.55% for Q2 2026, down 51.0% year-over-year from 60.31% in Q2 2025, and up 1.16% quarter-over-quarter from 29.21% in Q1 2026.
Veeva Systems (VEEV) Net Margin (2012 - 2026) Analysis & Trends
Veeva Systems' Net Margin history runs 15 years deep, the most recent figure standing at 29.55% for Q2 2026.
- In Q2 2026, Net Margin fell 51.0% year-over-year to 29.55%; the TTM figure through Apr 2026 stood at 28.37% (up 103.0% YoY), while the FY2026 annual figure was 28.44%, up 244.0% from the prior year.
- Net Margin for Q2 2026 stood at 29.55%, up from 29.21% in the prior quarter.
- The five-year high for Net Margin was 33.46% in Q1 2023, with the low 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 sank 1009 bps in 2024.
- Veeva Systems' Net Margin stood at 19.64% in 2022, then increased by 12 bps to 21.92% in 2023, then climbed by 21 bps to 26.57% in 2024, then rose by 10 bps to 29.12% in 2025, then grew by 1 bps to 29.55% in 2026.
- Business Quant data shows VEEV's Net Margin at 29.55% in Q2 2026, 29.21% in Q1 2026, and 29.12% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 29.55% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 2.18% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 19.57% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | -11.87% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 20.25% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -22.10% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 12.78% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 15.53% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | -24.57% |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 1.54% |
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% |