Veeva Systems (VEEV) Net Margin (2012 - 2026)
Veeva Systems' quarterly Net Margin came in at 29.21% in Q1 2026, up 208.0% year-on-year from 9.48% in Q1 2025, and little changed quarter-over-quarter from 29.12% in Q4 2025.
Veeva Systems has reported Net Margin for 15 years, with the latest figure at 29.21% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 208.0% year-over-year to 29.21%; the trailing twelve-month figure through Jan 2026 stood at 28.44% (up 244.0% YoY), and the FY2026 full-year result was 28.44%, up 244.0% from the prior year.
- Net Margin for Q1 2026 stood at 29.21%, roughly flat from 29.12% 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.
- Average Net Margin over 5 years is 24.51%, with a median of 24.99% recorded in 2023.
- Year-over-year, Net Margin jumped 1346 bps in 2023 and slumped 1009 bps in 2024.
- Tracing VEEV's Net Margin over 5 years: stood at 19.64% in 2022, then gained by 12 bps to 21.92% in 2023, then increased by 21 bps to 26.57% in 2024, then advanced by 10 bps to 29.12% in 2025, then advanced by 0 bps to 29.21% in 2026.
- The last three Net Margin figures came in at 29.21% (Q1 2026), 29.12% (Q4 2025), and 25.39% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 29.21% |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 2.06% |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 19.57% |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 18.66% |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 13.15% |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 13.80% |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | -8.93% |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 0.61% |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 3.68% |
| 10 | Teladoc Health | 1.42 Bn | 672.39 Mn | 562.57 Mn | -10.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Apr 30, 2021 | 26.65% |
| Jan 31, 2021 | 25.94% |
| Oct 31, 2020 | 25.68% |
| Jul 31, 2020 | 26.45% |
| Apr 30, 2020 | 25.68% |
| Jan 31, 2020 | 21.25% |
| Oct 31, 2019 | 29.28% |
| Jul 31, 2019 | 29.69% |
| Apr 30, 2019 | 30.01% |
| Jan 31, 2019 | 30.63% |
| Oct 31, 2018 | 28.52% |
| Jul 31, 2018 | 23.99% |
| Apr 30, 2018 | 22.66% |
| Jan 31, 2018 | 21.86% |
| Oct 31, 2017 | 19.73% |
| Jul 31, 2017 | 23.01% |
| Apr 30, 2017 | 23.16% |
| Jan 31, 2017 | -53.43% |
| Oct 31, 2016 | 15.15% |
| Jul 31, 2016 | 9.87% |
| Apr 30, 2016 | 10.44% |
| Jan 31, 2016 | 9.72% |
| Oct 31, 2015 | 616.59% |
| Jul 31, 2015 | 13.66% |
| Apr 30, 2015 | 14.44% |
| Jan 31, 2015 | 15.32% |
| Oct 31, 2014 | 12.24% |
| Jul 31, 2014 | 12.66% |
| Apr 30, 2014 | 10.82% |
| Jan 31, 2014 | 13.67% |
| Oct 31, 2013 | 11.87% |
| Jul 31, 2013 | 17.61% |
| Apr 30, 2013 | 11.32% |
| Jan 31, 2013 | 23.58% |
| Oct 31, 2012 | 16.06% |
| Jul 31, 2012 | 14.42% |
| Apr 30, 2012 | 23.10% |