Veeva Systems (VEEV) Operating Expenses (2012 - 2026)
Veeva Systems' (VEEV) quarterly Operating Expenses came in at $388.9 million in Q2 2026, up 10.65% year-on-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.
- On a quarterly basis, Operating Expenses rose 10.65% year-over-year to $388.9 million in Q2 2026; TTM through Apr 2026 was $1.5 billion, a 10.72% increase from a year earlier, with the FY2026 full-year figure at $1.5 billion, up 10.43% from the prior year.
- Operating Expenses improved to $388.9 million in Q2 2026 per VEEV's latest filing, from $376.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $397.9 million in Q3 2025 and bottomed 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.
- Across the five-year window, Operating Expenses surged 34.75% in 2022 and gained 6.99% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $277.0 million in 2022, then grew by 15.63% to $320.3 million in 2023, then advanced by 7.22% to $343.5 million in 2024, then advanced by 7.99% to $370.9 million in 2025, then advanced by 4.85% to $388.9 million in 2026.
- Per Business Quant, the three latest VEEV Operating Expenses figures stand at $388.9 million (Q2 2026), $376.6 million (Q1 2026), and $370.9 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | 388.91 Mn |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | 360.77 Mn |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 153.36 Mn |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | 123.22 Mn |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 122.16 Mn |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | 398.00 Mn |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 233.41 Mn |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 101.14 Mn |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | 596.43 Mn |
| 10 | Omnicell | 1.81 Bn | 1.57 Bn | 140.36 Mn | 123.51 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 |