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| 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% |