Veeva Systems (VEEV) Research & Development (2012 - 2026)
Veeva Systems (VEEV) posted Research & Development of $222.92 million for fiscal Q2 2027 (quarter ended Jul 31, 2026), up 15.7% from $192.68 million a year earlier and up 7.0% from the prior quarter.
Veeva Systems (VEEV) Research & Development (2012 - 2026) Analysis & Trends
For the trailing twelve months through Jul 31, 2026, Research & Development at Veeva Systems was $821.92 million, up 12.5% year-over-year; for FY2026 (ended Jan 31, 2026), it was $767.39 million, up 10.7% from FY2025.
- Annual Research & Development has increased for 14 consecutive fiscal years, with a five-year compound annual growth rate of 21.1% (FY2021 to FY2026).
- In prior fiscal years, Veeva Systems' Research & Development was $693.08 million in FY2025 (+10.2%), $629.03 million in FY2024 (+20.9%), $520.28 million in FY2023 (+36.2%) and $382.04 million in FY2022 (+29.8%).
- The fiscal Q2 2027 figure stands as the highest quarterly Research & Development in data going back to fiscal Q1 2013.
- On a year-over-year basis, Research & Development has increased in each of the last 54 quarters, with growth averaging 11.2% over the last eight quarters.
- Over the past five years, the year-over-year growth in Research & Development ranged from 6.9% (fiscal Q3 2025) to 41.2% (fiscal Q2 2023).
- According to Business Quant data, Research & Development for the three prior fiscal quarters was $208.32 million (Q1 2027), $198.79 million (Q4 2026) and $191.88 million (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Bryn | 945.00 Bn | 945.00 Bn | - | - |
| 2 | Veeva Systems | 45.35 Bn | 17.59 Bn | 695.95 Mn | 222.92 Mn |
| 3 | Samsara | 22.20 Bn | 18.97 Bn | 392.58 Mn | 102.56 Mn |
| 4 | Toast | 17.53 Bn | 10.20 Bn | 516.00 Mn | 109.00 Mn |
| 5 | Ptc | 15.47 Bn | 14.28 Bn | 490.47 Mn | 115.71 Mn |
| 6 | Trimble | 13.41 Bn | 12.48 Bn | 674.90 Mn | 177.10 Mn |
| 7 | Duolingo | 12.56 Bn | 7.73 Bn | 216.74 Mn | 92.20 Mn |
| 8 | Manhattan Associates | 11.77 Bn | 10.77 Bn | 168.33 Mn | 34.77 Mn |
| 9 | Costar | 10.95 Bn | 4.91 Bn | 728.00 Mn | 107.00 Mn |
| 10 | Bentley Systems | 9.44 Bn | 8.90 Bn | 336.74 Mn | 82.09 Mn |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 222.92 Mn |
| Apr 30, 2026 | 208.32 Mn |
| Jan 31, 2026 | 198.79 Mn |
| Oct 31, 2025 | 191.88 Mn |
| Jul 31, 2025 | 192.68 Mn |
| Apr 30, 2025 | 184.03 Mn |
| Jan 31, 2025 | 181.53 Mn |
| Oct 31, 2024 | 172.41 Mn |
| Jul 31, 2024 | 176.43 Mn |
| Apr 30, 2024 | 162.71 Mn |
| Jan 31, 2024 | 163.57 Mn |
| Oct 31, 2023 | 161.28 Mn |
| Jul 31, 2023 | 157.23 Mn |
| Apr 30, 2023 | 146.96 Mn |
| Jan 31, 2023 | 142.54 Mn |
| Oct 31, 2022 | 130.26 Mn |
| Jul 31, 2022 | 134.01 Mn |
| Apr 30, 2022 | 113.48 Mn |
| Jan 31, 2022 | 105.28 Mn |
| Oct 31, 2021 | 98.64 Mn |
Veeva Systems Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=VEEV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "VEEV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=VEEV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();