Veeva Systems (VEEV) Net Margin (2012 - 2026)

Veeva Systems' (VEEV) quarterly Net Margin came in at 29.55% in Q2 2026, down 51.0% year-on-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.

  • On a quarterly basis, Net Margin fell 51.0% year-over-year to 29.55% in Q2 2026; TTM through Apr 2026 was 28.37%, a 103.0% increase from a year earlier, with the FY2026 full-year figure at 28.44%, up 244.0% from the prior year.
  • Net Margin rose to 29.55% in Q2 2026 per VEEV's latest filing, from 29.21% in the prior quarter.
  • Across five years, Net Margin topped out at 33.46% in Q1 2023 and bottomed at 16.96% in Q3 2022.
  • The 5-year median for Net Margin is 25.14% (2023), against an average of 24.79%.
  • Across the five-year window, Net Margin jumped 1346 bps in 2023 and slumped 1009 bps in 2024, its largest moves.
  • Year by year, Net Margin stood at 19.64% in 2022, then rose by 12 bps to 21.92% in 2023, then grew by 21 bps to 26.57% in 2024, then gained by 10 bps to 29.12% in 2025, then increased by 1 bps to 29.55% in 2026.
  • Per Business Quant, the three latest VEEV Net Margin figures stand at 29.55% (Q2 2026), 29.21% (Q1 2026), and 29.12% (Q4 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Veeva Systems 29.34 Bn 22.03 Bn 662.02 Mn 29.55%
2 BrightSpring Health Services 13.49 Bn 12.59 Bn 482.22 Mn 4.12%
3 Healthequity 7.96 Bn 7.70 Bn 256.31 Mn 19.57%
4 10x Genomics 6.17 Bn 5.63 Bn 106.18 Mn -8.93%
5 Hinge Health 6.02 Bn 5.70 Bn 154.23 Mn 18.66%
6 MiniMed 4.19 Bn 3.89 Bn 480.00 Mn -22.10%
7 Waystar Holding 4.14 Bn 4.07 Bn 216.84 Mn 13.79%
8 Doximity 3.82 Bn 3.08 Bn 125.97 Mn 13.15%
9 Privia Health 3.10 Bn 2.73 Bn - 0.61%
10 Omnicell 1.81 Bn 1.57 Bn 140.36 Mn 3.67%

Historic Data

Download Data
DateValue
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%