Veeva Systems (VEEV) Operating Expenses (2012 - 2026)
Veeva Systems' quarterly Operating Expenses came in at $376.6 million in Q1 2026, up 7.15% year-on-year from $351.5 million in Q1 2025, and up 1.53% quarter-over-quarter from $370.9 million in Q4 2025.
Veeva Systems has reported Operating Expenses for 15 years, with the latest figure at $376.6 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 7.15% year-over-year to $376.6 million; the trailing twelve-month figure through Jan 2026 stood at $1.5 billion (up 10.43% YoY), and the FY2026 full-year result was $1.5 billion, up 10.43% from the prior year.
- Operating Expenses for Q1 2026 stood at $376.6 million, up from $370.9 million in the prior quarter.
- The five-year high for Operating Expenses was $397.9 million in Q3 2025, with the low at $229.9 million in Q1 2022.
- Average Operating Expenses over 5 years is $319.2 million, with a median of $321.3 million recorded in 2024.
- Year-over-year, Operating Expenses surged 34.75% in 2022 and gained 6.99% in 2024.
- Tracing VEEV's Operating Expenses over 5 years: stood at $277.0 million in 2022, then increased by 15.63% to $320.3 million in 2023, then climbed by 7.22% to $343.5 million in 2024, then climbed by 7.99% to $370.9 million in 2025, then rose by 1.53% to $376.6 million in 2026.
- The last three Operating Expenses figures came in at $376.6 million (Q1 2026), $370.9 million (Q4 2025), and $397.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 376.60 Mn |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 360.77 Mn |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 153.36 Mn |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 122.16 Mn |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 101.14 Mn |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 233.41 Mn |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | 123.22 Mn |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 596.43 Mn |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 123.51 Mn |
| 10 | Teladoc Health | 1.42 Bn | 672.39 Mn | 562.57 Mn | 675.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 376.60 Mn |
| Oct 31, 2025 | 370.92 Mn |
| Jul 31, 2025 | 397.92 Mn |
| Apr 30, 2025 | 351.49 Mn |
| Jan 31, 2025 | 351.47 Mn |
| Oct 31, 2024 | 343.47 Mn |
| Jul 31, 2024 | 339.32 Mn |
| Apr 30, 2024 | 321.29 Mn |
| Jan 31, 2024 | 321.43 Mn |
| Oct 31, 2023 | 320.33 Mn |
| Jul 31, 2023 | 317.16 Mn |
| Apr 30, 2023 | 298.13 Mn |
| Jan 31, 2023 | 290.15 Mn |
| Oct 31, 2022 | 277.04 Mn |
| Jul 31, 2022 | 281.46 Mn |
| Apr 30, 2022 | 237.92 Mn |
| Jan 31, 2022 | 229.90 Mn |
| Oct 31, 2021 | 213.84 Mn |
| Jul 31, 2021 | 208.87 Mn |
| Apr 30, 2021 | 188.99 Mn |
| Jan 31, 2021 | 184.07 Mn |
| Oct 31, 2020 | 173.22 Mn |
| Jul 31, 2020 | 166.40 Mn |
| Apr 30, 2020 | 154.66 Mn |
| Jan 31, 2020 | 156.80 Mn |
| Oct 31, 2019 | 126.79 Mn |
| Jul 31, 2019 | 122.83 Mn |
| Apr 30, 2019 | 108.08 Mn |
| Jan 31, 2019 | 104.80 Mn |
| Oct 31, 2018 | 100.26 Mn |
| Jul 31, 2018 | 97.57 Mn |
| Apr 30, 2018 | 91.44 Mn |
| Jan 31, 2018 | 88.57 Mn |
| Oct 31, 2017 | 81.28 Mn |
| Jul 31, 2017 | 79.33 Mn |
| Apr 30, 2017 | 72.03 Mn |
| Jan 31, 2017 | 64.93 Mn |
| Oct 31, 2016 | 65.04 Mn |
| Jul 31, 2016 | 65.33 Mn |
| Apr 30, 2016 | 60.87 Mn |
| Jan 31, 2016 | 59.32 Mn |
| Oct 31, 2015 | 49.81 Mn |
| Jul 31, 2015 | 42.28 Mn |
| Apr 30, 2015 | 37.01 Mn |
| Jan 31, 2015 | 35.17 Mn |
| Oct 31, 2014 | 33.47 Mn |
| Jul 31, 2014 | 30.74 Mn |
| Apr 30, 2014 | 28.21 Mn |
| Jan 31, 2014 | 27.14 Mn |
| Oct 31, 2013 | 23.60 Mn |
| Jul 31, 2013 | 20.60 Mn |
| Apr 30, 2013 | 16.91 Mn |
| Jan 31, 2013 | 13.67 Mn |
| Oct 31, 2012 | 11.16 Mn |
| Jul 31, 2012 | 9.28 Mn |
| Apr 30, 2012 | 8.40 Mn |