Veeva Systems (VEEV) Research & Development (2012 - 2026)
Veeva Systems (VEEV) recorded quarterly Research & Development of $208.3 million in Q2 2026, up 4.79% quarter-over-quarter from $198.8 million in Q1 2026, and up 13.2% year-on-year from $184.0 million in Q2 2025.
Veeva Systems (VEEV) Research & Development (2012 - 2026) Analysis & Trends
Veeva Systems has disclosed Research & Development across 15 years of filings, most recently posting $208.3 million for Q2 2026.
- For the quarter ending Q2 2026, Research & Development rose 13.2% year-over-year to $208.3 million; the trailing twelve-month figure through Apr 2026 stood at $791.7 million (up 10.82% YoY), and the FY2026 full-year result was $767.4 million, up 10.72% from the prior year.
- Research & Development was $208.3 million for Q2 2026 at Veeva Systems, up from $198.8 million in the prior quarter.
- Over five years, Research & Development peaked at $208.3 million in Q2 2026 and troughed at $105.3 million in Q1 2022.
- The 5-year median for Research & Development is $163.1 million (2024), against an average of $162.4 million.
- The sharpest annual moves came in 2022 and 2024: Research & Development soared 41.21% in 2022, then increased 6.9% in 2024.
- Year by year, Research & Development stood at $130.3 million in 2022, then advanced by 23.82% to $161.3 million in 2023, then gained by 6.9% to $172.4 million in 2024, then climbed by 11.29% to $191.9 million in 2025, then rose by 8.57% to $208.3 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $208.3 million in Q2 2026, $198.8 million in Q1 2026, and $191.9 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 24.83 Bn | 17.52 Bn | 662.02 Mn | 208.32 Mn |
| 2 | BrightSpring Health Services | 13.57 Bn | 12.69 Bn | 482.22 Mn | - |
| 3 | Healthequity | 7.20 Bn | 6.93 Bn | 256.31 Mn | 67.77 Mn |
| 4 | Hinge Health | 5.42 Bn | 5.11 Bn | 154.23 Mn | 30.34 Mn |
| 5 | 10x Genomics | 4.46 Bn | 3.92 Bn | 106.18 Mn | 56.85 Mn |
| 6 | Doximity | 3.81 Bn | 3.06 Bn | 125.97 Mn | 39.11 Mn |
| 7 | Waystar Holding | 3.52 Bn | 3.36 Bn | 268.04 Mn | 18.37 Mn |
| 8 | Privia Health | 2.94 Bn | 2.57 Bn | 595.71 Mn | - |
| 9 | Omnicell | 1.76 Bn | 1.59 Bn | 140.36 Mn | 21.52 Mn |
| 10 | Teladoc Health | 1.45 Bn | 696.57 Mn | 562.57 Mn | 67.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jul 31, 2021 | 94.90 Mn |