Veeva Systems (VEEV) Operating Expenses (2012 - 2026)
Veeva Systems (VEEV) posted quarterly Operating Expenses of $388.9 million for Q2 2026, up 10.65% year-over-year from $351.5 million in Q2 2025, and up 3.27% quarter-over-quarter from $376.6 million in Q1 2026.
Veeva Systems (VEEV) Operating Expenses (2012 - 2026) Analysis & Trends
Veeva Systems' Operating Expenses history runs 15 years deep, the most recent figure standing at $388.9 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 10.65% year-over-year to $388.9 million; the TTM figure through Apr 2026 stood at $1.5 billion (up 10.72% YoY), while the FY2026 annual figure was $1.5 billion, up 10.43% from the prior year.
- Operating Expenses for Q2 2026 stood at $388.9 million, up from $376.6 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.
- The 5-year median for Operating Expenses is $321.4 million (2024), against an average of $323.0 million.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses surged 34.75% in 2022, then grew 6.99% in 2024.
- Veeva Systems' Operating Expenses stood at $277.0 million in 2022, then climbed by 15.63% to $320.3 million in 2023, then gained by 7.22% to $343.5 million in 2024, then gained by 7.99% to $370.9 million in 2025, then gained by 4.85% to $388.9 million in 2026.
- Business Quant data shows VEEV's Operating Expenses at $388.9 million in Q2 2026, $376.6 million in Q1 2026, and $370.9 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 362.36 Mn |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 153.36 Mn |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | 132.05 Mn |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 143.51 Mn |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 243.63 Mn |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 99.28 Mn |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | 71.09 Mn |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 620.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 388.91 Mn |
| 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 |