Veeva Systems (VEEV) Operating Expenses (2012 - 2026)
Veeva Systems (VEEV) recorded quarterly Operating Expenses of $388.9 million in Q2 2026, up 3.27% quarter-over-quarter from $376.6 million in Q1 2026, and up 10.65% year-on-year from $351.5 million in Q2 2025.
Veeva Systems (VEEV) Operating Expenses (2012 - 2026) Analysis & Trends
Veeva Systems has disclosed Operating Expenses across 15 years of filings, most recently posting $388.9 million for Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 10.65% year-over-year to $388.9 million; the trailing twelve-month figure through Apr 2026 stood at $1.5 billion (up 10.72% YoY), and the FY2026 full-year result was $1.5 billion, up 10.43% from the prior year.
- Operating Expenses was $388.9 million for Q2 2026 at Veeva Systems, up from $376.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $397.9 million in Q3 2025 and troughed 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 gained 6.99% in 2024.
- Year by year, Operating Expenses stood at $277.0 million in 2022, then advanced by 15.63% to $320.3 million in 2023, then rose by 7.22% to $343.5 million in 2024, then rose by 7.99% to $370.9 million in 2025, then rose by 4.85% to $388.9 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $388.9 million in Q2 2026, $376.6 million in Q1 2026, and $370.9 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | 360.77 Mn |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 153.36 Mn |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 122.16 Mn |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | 123.22 Mn |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 101.14 Mn |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 233.41 Mn |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | 596.43 Mn |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 123.51 Mn |
| 10 | Teladoc Health | 1.45 Bn | 696.57 Mn | 562.57 Mn | 675.61 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 |