Veeva Systems (VEEV) Research & Development (2012 - 2026)
Veeva Systems' (VEEV) quarterly Research & Development came in at $208.3 million in Q2 2026, up 13.2% year-on-year from $184.0 million in Q2 2025, and up 249.02% quarter-over-quarter from -$139.8 million in Q1 2026.
Veeva Systems (VEEV) Research & Development (2012 - 2026) Analysis & Trends
Veeva Systems' Research & Development history runs 15 years deep, the most recent figure standing at $208.3 million for Q2 2026.
- On a quarterly basis, Research & Development rose 13.2% year-over-year to $208.3 million in Q2 2026; TTM through Apr 2026 was $369.8 million, a 23.5% decrease from a year earlier, with the FY2026 full-year figure at $428.8 million, up 8.08% from the prior year.
- Research & Development climbed to $208.3 million in Q2 2026 per VEEV's latest filing, from -$139.8 million in the prior quarter.
- Across five years, Research & Development topped out at $208.3 million in Q2 2026 and bottomed at -$139.8 million in Q1 2026.
- The 5-year median for Research & Development is $100.4 million (2024), against an average of $101.4 million.
- Across the five-year window, Research & Development soared 218.11% in 2025 and plunged 240.92% in 2026, its largest moves.
- Year by year, Research & Development stood at $93.9 million in 2022, then soared by 71.74% to $161.3 million in 2023, then slumped by 38.8% to $98.7 million in 2024, then surged by 94.42% to $191.9 million in 2025, then advanced by 8.57% to $208.3 million in 2026.
- Per Business Quant, the three latest VEEV Research & Development figures stand at $208.3 million (Q2 2026), -$139.8 million (Q1 2026), and $191.9 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 29.34 Bn | 22.03 Bn | 662.02 Mn | 208.32 Mn |
| 2 | BrightSpring Health Services | 13.49 Bn | 12.59 Bn | 482.22 Mn | - |
| 3 | Healthequity | 7.96 Bn | 7.70 Bn | 256.31 Mn | 26.83 Mn |
| 4 | 10x Genomics | 6.17 Bn | 5.63 Bn | 106.18 Mn | 56.85 Mn |
| 5 | Hinge Health | 6.02 Bn | 5.70 Bn | 154.23 Mn | 30.34 Mn |
| 6 | MiniMed | 4.19 Bn | 3.89 Bn | 480.00 Mn | 99.00 Mn |
| 7 | Waystar Holding | 4.14 Bn | 4.07 Bn | 216.84 Mn | 45.83 Mn |
| 8 | Doximity | 3.82 Bn | 3.08 Bn | 125.97 Mn | 39.11 Mn |
| 9 | Privia Health | 3.10 Bn | 2.73 Bn | - | 8.13 Mn |
| 10 | Omnicell | 1.81 Bn | 1.57 Bn | 140.36 Mn | 21.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 208.32 Mn |
| Jan 31, 2026 | -139.80 Mn |
| Oct 31, 2025 | 191.88 Mn |
| Jul 31, 2025 | 109.44 Mn |
| Apr 30, 2025 | 184.03 Mn |
| Jan 31, 2025 | 99.20 Mn |
| Oct 31, 2024 | 98.70 Mn |
| Jul 31, 2024 | 101.53 Mn |
| Apr 30, 2024 | 162.71 Mn |
| Jan 31, 2024 | -83.99 Mn |
| Oct 31, 2023 | 161.28 Mn |
| Jul 31, 2023 | 157.23 Mn |
| Apr 30, 2023 | 146.96 Mn |
| Jan 31, 2023 | 89.05 Mn |
| Oct 31, 2022 | 93.91 Mn |
| Jul 31, 2022 | 89.62 Mn |
| Apr 30, 2022 | 76.12 Mn |
| Jan 31, 2022 | 79.24 Mn |
| Oct 31, 2021 | 98.64 Mn |
| Jul 31, 2021 | 71.79 Mn |