Veeva Systems (VEEV) Operating Margin (2012 - 2026)
Veeva Systems (VEEV) posted Operating Margin of 29.64% for Q3 2026, down 4.19% on a QoQ basis from 30.93% in Q2 2026, and up 481.0% year-over-year from 5.1% in Q3 2025.
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Veeva Systems (VEEV) Operating Margin (2012 - 2026) Analysis & Trends
Veeva Systems has reported Operating Margin for 15 years, with the latest figure at 29.64% in Q3 2026.
- On a quarterly basis, Operating Margin rose 481.0% year-over-year to 29.64% in Q3 2026; TTM through Jul 2026 was 29.93%, a 299.0% increase from a year earlier, with the FY2026 full-year figure at 28.68%, up 350.0% from the prior year.
- Operating Margin was 29.64% for Q3 2026 at Veeva Systems, down from 30.93% in the prior quarter.
- The five-year high for Operating Margin was 30.93% in Q2 2026, with the low at 11.69% in Q2 2023.
- Average Operating Margin over 5 years is 24.09%, with a median of 24.66% recorded in 2022.
- The sharpest annual moves came in 2023 and 2024: Operating Margin slumped 1359 bps in 2023, then surged 1217 bps in 2024.
- Over 5 years, Operating Margin stood at 21.98% in 2022, then slipped by 5 bps to 20.84% in 2023, then rose by 24 bps to 25.94% in 2024, then rose by 14 bps to 29.69% in 2025, then slipped by 0 bps to 29.64% in 2026.
- The last three Operating Margin figures came in at 29.64% (Q3 2026), 30.93% (Q2 2026), and 29.41% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 44.53 Bn | 37.29 Bn | 695.95 Mn | 29.64% |
| 2 | Waystar Holding | 4.81 Bn | 4.62 Bn | 221.99 Mn | 23.79% |
| 3 | Doximity | 4.74 Bn | 4.05 Bn | 132.93 Mn | 21.48% |
| 4 | CCC Intelligent Solutions Holdings | 4.41 Bn | 4.30 Bn | 210.64 Mn | 16.66% |
| 5 | EverCommerce | 1.40 Bn | 1.27 Bn | 119.50 Mn | 11.49% |
| 6 | Schrodinger | 1.32 Bn | 904.47 Mn | 32.43 Mn | -70.55% |
| 7 | Certara | 1.21 Bn | 1.03 Bn | 58.15 Mn | -0.21% |
| 8 | GoodRx Holdings | 1.18 Bn | 887.53 Mn | 179.41 Mn | 11.79% |
| 9 | Healthstream | 853.81 Mn | 787.08 Mn | 54.72 Mn | 9.94% |
| 10 | Phreesia | 677.81 Mn | 677.81 Mn | 110.19 Mn | 5.88% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 29.64% |
| Apr 30, 2026 | 30.93% |
| Jan 31, 2026 | 29.41% |
| Oct 31, 2025 | 29.69% |
| Jul 31, 2025 | 24.83% |
| Apr 30, 2025 | 30.79% |
| Jan 31, 2025 | 26.14% |
| Oct 31, 2024 | 25.94% |
| Jul 31, 2024 | 24.62% |
| Apr 30, 2024 | 23.86% |
| Jan 31, 2024 | 21.45% |
| Oct 31, 2023 | 20.84% |
| Jul 31, 2023 | 17.63% |
| Apr 30, 2023 | 11.69% |
| Jan 31, 2023 | 19.33% |
| Oct 31, 2022 | 21.98% |
| Jul 31, 2022 | 18.92% |
| Apr 30, 2022 | 25.28% |
| Jan 31, 2022 | 24.66% |
| Oct 31, 2021 | 27.87% |