Veeva Systems (VEEV) Net Margin (2012 - 2026)
Veeva Systems' Net Margin came in at 29.47% for fiscal Q2 2027 (quarter ended Jul 31, 2026), up 4.08 percentage points from 25.39% a year earlier but down 0.09 percentage points from the prior quarter.
Veeva Systems (VEEV) Net Margin (2012 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, Veeva Systems reported Net Margin of 29.34%, up 2.06 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it was 28.44%, up 2.44 percentage points from FY2025.
- Net Margin carries a five-year change of +2.51 percentage points (FY2021 to FY2026).
- Going back by fiscal year, Net Margin was 26.00% in FY2025 (+3.76 pp), 22.24% in FY2024 (-0.39 pp), 22.63% in FY2023 (-0.46 pp) and 23.09% in FY2022 (-2.84 pp).
- The five-year range for quarterly Net Margin is 16.96% (fiscal Q2 2023) to 33.46% (fiscal Q4 2023).
- Year-over-year, Net Margin increased in seven of the last eight quarters, with an average year-over-year change of +2.74 percentage points.
- The fastest year-over-year change in Net Margin over five years came in fiscal Q4 2023 (a gain of 13.46 percentage points), and the weakest in fiscal Q4 2024 (a drop of 10.09 percentage points).
- Business Quant data shows VEEV's Net Margin at 29.55% (Q1 2027), 29.21% (Q4 2026) and 29.12% (Q3 2026) in the three fiscal quarters before Q2 2027.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 29.47% |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 3.19% |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 8.07% |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 19.80% |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | -48.53% |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 11.11% |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 16.91% |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 5.95% |
| 10 | Bentley Systems | 9.44 Bn | 8.90 Bn | 336.74 Mn | 19.13% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 29.47% |
| 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% |
Veeva Systems Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=VEEV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "VEEV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=VEEV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();