Veeva Systems (VEEV) Net Margin (2012 - 2026)
Veeva Systems (VEEV) posted Net Margin of 29.47% for Q3 2026, little changed on a QoQ basis from 29.55% in Q2 2026, and up 408.0% year-over-year from 5.8% in Q3 2025.
Analysis
Veeva Systems (VEEV) Net Margin (2012 - 2026) Analysis & Trends
Veeva Systems has reported Net Margin for 15 years, with the latest figure at 29.47% in Q3 2026.
- On a quarterly basis, Net Margin rose 408.0% year-over-year to 29.47% in Q3 2026; TTM through Jul 2026 was 29.34%, a 206.0% increase from a year earlier, with the FY2026 full-year figure at 28.44%, up 244.0% from the prior year.
- Net Margin was 29.47% for Q3 2026 at Veeva Systems, roughly flat from 29.55% 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 25.04%, with a median of 25.3% recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Net Margin soared 1346 bps in 2023, then sank 1009 bps in 2024.
- Over 5 years, Net Margin 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 climbed by 1 bps to 29.47% in 2026.
- The last three Net Margin figures came in at 29.47% (Q3 2026), 29.55% (Q2 2026), and 29.21% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 44.53 Bn | 37.29 Bn | 695.95 Mn | 29.47% |
| 2 | Waystar Holding | 4.81 Bn | 4.62 Bn | 221.99 Mn | 12.78% |
| 3 | Doximity | 4.74 Bn | 4.05 Bn | 132.93 Mn | 15.53% |
| 4 | CCC Intelligent Solutions Holdings | 4.41 Bn | 4.30 Bn | 210.64 Mn | 7.27% |
| 5 | EverCommerce | 1.40 Bn | 1.27 Bn | 119.50 Mn | 6.37% |
| 6 | Schrodinger | 1.32 Bn | 904.47 Mn | 32.43 Mn | 10.15% |
| 7 | Certara | 1.21 Bn | 1.03 Bn | 58.15 Mn | -59.26% |
| 8 | GoodRx Holdings | 1.18 Bn | 887.53 Mn | 179.41 Mn | 4.26% |
| 9 | Healthstream | 853.81 Mn | 787.08 Mn | 54.72 Mn | 7.96% |
| 10 | Phreesia | 677.81 Mn | 677.81 Mn | 110.19 Mn | 1.48% |
Historic Data
Download Data
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% |