Fundamental analysis · SEC EDGAR · TTM through 30/04/2026

Fundamental analysis of Veeva Systems Inc

VEEV · NYSE · Technology

Fundamental quality

ATTRACTIVE

81

out of 100

Veeva Systems Inc grows profitably: it increases revenue at double digits (16.9% a year) without giving up profitability (net margin 28.4%). On fundamental quality it scores 81 out of 100, profiling it as a company with solid fundamentals. Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

Veeva Systems sells the pharmaceutical industry's standard software: CRM for drug reps and systems for managing clinical trials, quality and regulatory affairs. It built a niche monopoly by making software only for life sciences, better than anyone.

What will shape its future

  • Its niche dominance: switching vendors in regulated systems is an ordeal, and that protects it.
  • Migrating its CRM off Salesforce onto its own platform, its big engineering project underway.
  • Pharma tech spending, steady even when the economy coughs.

Breakdown by area

I.Growth
78

EPS growth: 18.1% · Revenue growth: 16.9%

II.Profitability
84

Net margin: 28.4% · ROE: 12.9% · ROIC: 13.4%

Source: SEC EDGAR · TTM through 30/04/2026

The score combines growth, profitability and financial strength, and here its pillars hold up evenly.

Versus its sector

Percentile against the other 101 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 78%
ROEbeats 40%
Growthbeats 59%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Veeva Systems Inc strengths

  • High gross margin (75%), pointing to pricing power.
  • Exceptional net margin (28.4%), high even for its sector: the business is clearly profitable.
  • Revenue growing (16.9% annualized).
  • Growing earnings per share (18.1% annualized).

Veeva Systems Inc risks and weaknesses

  • No clear weaknesses in the recent fundamentals, though the system doesn't assess qualitative factors (competition, regulation, management).

Veeva Systems Inc historical evolution

YearRevenueNet incomeFree cash flowNet debt
20211,465380-731
20221,851427-1,138
20232,155488-886
20242,364526-703
20252,747714-1,119
20263,195909-1,421

Between 2021 and 2026, revenue went from $1,465M to $3,195M (+118%) and net income went from $380M to $909M (+139%). Meanwhile, its margins have widened (from 26% to 28%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the quarter ended April 30, 2026, versus the quarter ended April 30, 2025 (SEC filings):

  • Revenue+16.3%
  • Net income+14.4%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

This company doesn't pay a dividend: it reinvests all its earnings back into the business.

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Is Veeva Systems Inc cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Veeva Systems Inc a good company to invest in?

In terms of business quality, Veeva Systems Inc scores 81 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Veeva Systems Inc a profitable company?

Very. Veeva Systems Inc shows a net margin of 28.4% and an ROE of 12.9%, typical of a highly profitable business.

Is Veeva Systems Inc growing?

Its revenue has grown 16.9% annualized in recent years and its earnings per share 18.1%, and without interruption since 2021.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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