Veeva Systems (VEEV) Operating Margin (2012 - 2026)

Veeva Systems' Operating Margin history runs 15 years deep, the most recent figure standing at 30.93% for Q2 2026.

• On a quarterly basis, Operating Margin rose 14.0% year-over-year to 30.93% in Q2 2026; TTM through Apr 2026 was 28.79%, a 183.0% increase from a year earlier, with the FY2026 full-year figure at 28.68%, up 350.0% from the prior year.
• Operating Margin improved to 30.93% in Q2 2026 per VEEV's latest filing, from 29.41% in the prior quarter.
• Across five years, Operating Margin topped out at 30.93% in Q2 2026 and bottomed at 11.69% in Q2 2023.
• The 5-year median for Operating Margin is 24.64% (2022), against an average of 23.78%.
• Across the five-year window, Operating Margin tumbled 1359 bps in 2023 and soared 1217 bps in 2024, its largest moves.
• Year by year, Operating Margin stood at 21.98% in 2022, then decreased by 5 bps to 20.84% in 2023, then increased by 24 bps to 25.94% in 2024, then increased by 14 bps to 29.69% in 2025, then grew by 4 bps to 30.93% in 2026.
• Per Business Quant, the three latest VEEV Operating Margin figures stand at 30.93% (Q2 2026), 29.41% (Q1 2026), and 29.69% (Q4 2025).