Veeva Systems (VEEV) Operating Expenses (2012 - 2026)
Veeva Systems (VEEV) posted Operating Expenses of $420.9 million for Q3 2026, up 8.23% on a QoQ basis from $388.9 million in Q2 2026, and up 5.78% year-over-year from $397.9 million in Q3 2025.
Analysis
Veeva Systems (VEEV) Operating Expenses (2012 - 2026) Analysis & Trends
Veeva Systems has reported Operating Expenses for 15 years, with the latest figure at $420.9 million in Q3 2026.
- On a quarterly basis, Operating Expenses rose 5.78% year-over-year to $420.9 million in Q3 2026; TTM through Jul 2026 was $1.6 billion, a 7.82% increase from a year earlier, with the FY2026 full-year figure at $1.5 billion, up 10.43% from the prior year.
- Operating Expenses was $420.9 million for Q3 2026 at Veeva Systems, up from $388.9 million in the prior quarter.
- The five-year high for Operating Expenses was $420.9 million in Q3 2026, with the low at $229.9 million in Q1 2022.
- Average Operating Expenses over 5 years is $328.2 million, with a median of $321.4 million recorded in 2024.
- The sharpest annual moves came in 2022 and 2026: Operating Expenses jumped 34.75% in 2022, then rose 5.78% in 2026.
- Over 5 years, Operating Expenses 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 13.48% to $420.9 million in 2026.
- The last three Operating Expenses figures came in at $420.9 million (Q3 2026), $388.9 million (Q2 2026), and $376.6 million (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 44.53 Bn | 37.29 Bn | 695.95 Mn | 420.93 Mn |
| 2 | Waystar Holding | 4.81 Bn | 4.62 Bn | 221.99 Mn | 243.63 Mn |
| 3 | Doximity | 4.74 Bn | 4.05 Bn | 132.93 Mn | 99.28 Mn |
| 4 | CCC Intelligent Solutions Holdings | 4.41 Bn | 4.30 Bn | 210.64 Mn | 163.00 Mn |
| 5 | EverCommerce | 1.40 Bn | 1.27 Bn | 119.50 Mn | 134.54 Mn |
| 6 | Schrodinger | 1.32 Bn | 904.47 Mn | 32.43 Mn | 73.98 Mn |
| 7 | Certara | 1.21 Bn | 1.03 Bn | 58.15 Mn | 58.35 Mn |
| 8 | GoodRx Holdings | 1.18 Bn | 887.53 Mn | 179.41 Mn | 176.78 Mn |
| 9 | Healthstream | 853.81 Mn | 787.08 Mn | 54.72 Mn | 75.41 Mn |
| 10 | Phreesia | 677.81 Mn | 677.81 Mn | 110.19 Mn | 121.85 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 420.93 Mn |
| 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 |