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Veeva SystemsVEEV

Legal name
Veeva Systems Inc.
Sector
Technology
Industry
Services-Prepackaged Software
Exchange
NYSE

Stock Price $VEEV

Latest filings

You are here#50 of 91 in Technology by market cap

Filing record · 2016–202610-K1110-Q328-K94

VEEV filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 94 current reports (8-K) between 2016 and 2026.

  1. FY2017 annual report10-K · Mar ’17Mar ’17
  2. Deal closed8-K · Nov ’19Nov ’19
  3. Leadership change8-K · Jan ’22Jan ’22
  4. Leadership change8-K · Nov ’25Nov ’25

01—Key figures

Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026

Revenue Trend

Year-over-year comparison from 10-K annual reports

  15. $3.20B
YoY changeLargest recent move+34.5%in FY17Latest +16.3%

2 older moves run past ±50% (largest +111.5%); point at, tap or drag across the bars to read one.

Latest bar from 10-KFY2026Click a bar to open its SEC filing

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All VEEV Financial Metrics54 metrics

Income Statement15

Balance Sheet23

Cash Flow12

Per Share4

02—Overview

Veeva Systems Financial Overview 2022–2026

Updated Nov 4, 2026

Veeva's stock fell while its earnings climbed. Shares closed at $203.92a at the end of FY2026, down from $233.26 at the end of FY2025, even as GAAP diluted EPS rose from $4.32 to $5.44. The multiple compressed from 54.0x to 37.5x earnings, and market cap slipped from $37.9 billion to $33.4 billion. The thesis: profits are compounding faster than the market is willing to pay for them, and the business converts that growth into cash at an increasing rate.

Revenue grew from $1.85 billion in FY2022 to $3.195 billionb in FY2026, and the latest year still posted 16% growth. Operating income rose from $505 million to $916.4 million over the same stretch. FY2026 net income reached $908.9 million, up 27%. Gross margin improved to 75% in FY2025 from 71% the year before. Operating cash flow hit $1.415 billion in FY2026, versus $764 million in FY2022.

The balance sheet is enormous relative to the valuation. Veeva ended FY2026 with $6.6 billionc in cash and short-term investments. In January 2026 it authorized a $2 billion buyback, its first ever, and repurchased about $180 million of stock by year-end, leaving $1.82 billion available. Customers grew to 1,552 from 1,477. The top 10 customers still account for 28% of revenue, which is the concentration risk behind the numbers.

Recent Developments (Q1 and Q2 2027)

Revenue growth accelerated in the first half of fiscal 2027. Revenue rose 16% in Q1 to $882.9 milliond, then 18% in Q2 to $928.0 million. Q2 GAAP operating income jumped 40% to $275.0 million, partly because a $31 million litigation charge in the prior-year quarter did not recur. Non-GAAP operating margin reached 44.8%. Management raised full-year revenue guidance to $3,682-$3,687 million from $3,635-$3,645 million. Veeva acquired Ostro and Copli. Thomas Schwenger, President and Chief Customer Officer, resigns effective October 2, 2026, and Dan Rizzo succeeds him.

The bull case: Vault CRM has 12 top-20 biopharma commitments, and guidance keeps rising. The bear case: the stock closed at $282.13e, or 51.9x earnings as of August 26, 2026, a rich price that leaves little room for a CRM share loss to Salesforce or turnover in sales leadership.

What to watch: Vault CRM migrations versus customers moving to Salesforce; Q3 revenue against the $932-$935 million guide

03—Filings

Recent SEC Filings

  1. 8-KVeeva Systems 8-K Report, Financial Results (Aug 26, 2026)Veeva Systems Inc. (NYSE: VEEV) furnished an 8-K under Item 2.02 reporting results for its fiscal 2027 second quarter ended July 31, 2026. Total revenues were $928.0 million, up 18% year over year from $789.1 million, and subscription revenues were $766.8 million, up 16% from $659.2 million. GAAP operating income was $275.0 million (up 40% from $195.9 million), and GAAP net income was $273.4 million, or $1.66 per diluted share, versus $1.19 a year earlier. Non-GAAP operating income was $415.9 million (up 18%) and non-GAAP fully diluted EPS was $2.35, compared with $1.99. Management said second-quarter results exceeded guidance on all metrics and its full-year view improved across the board. Guidance for the fiscal third quarter ending October 31, 2026 calls for total revenues of $932 to $935 million, non-GAAP operating income of $417 to $420 million, and non-GAAP fully diluted EPS of $2.33 to $2.34. Updated fiscal 2027 guidance (year ending January 31, 2027) calls for total revenues of $3,682 to $3,687 million, non-GAAP operating income of about $1,640 million, and non-GAAP fully diluted EPS of approximately $9.21. Veeva states it cannot provide GAAP operating income or EPS guidance because of hard-to-predict items such as stock-based compensation, which may be significant. On the balance sheet, cash and cash equivalents rose to $1.81 billion and short-term investments to $5.43 billion at July 31, 2026. Six-month cash flows from operations were $1.37 billion, and the company repurchased $472.7 million of common stock during the period. Management highlighted Vault CRM growth, with 12 top-20 biopharma commitments, and progress on Veeva Falcon, an agentic platform with five early adopters and initial go-lives expected this year. The company also acquired Copli during the quarter.
  2. 8-KVeeva Systems 8-K Report, Executive Changes (Aug 20, 2026)Veeva Systems Inc. (VEEV) filed a Form 8-K on August 20, 2026 reporting a leadership change under Item 5.02. The company announced the appointment of Dan Rizzo as EVP, Sales, Consulting, and Services, effective October 2, 2026. He succeeds Thomas D. Schwenger, who has been with Veeva since September 2019 and most recently served as President and Chief Customer Officer. Mr. Schwenger informed Veeva of his decision to resign on August 18, 2026, with his resignation effective October 2, 2026. The filing states he is departing to assume a CEO role at a long-standing Veeva partner. Veeva thanked him for his service to the company and its customers over the past seven years. The filing contains no financial results, guidance, or other financial statements. Its only exhibit is the Cover Page Interactive Data File (Exhibit 104), and it is signed by Josh Faddis, Senior Vice President, General Counsel.
  3. 8-KVeeva Systems 8-K Report, Shareholder Vote Results (Jun 18, 2026)Veeva Systems Inc. filed this Current Report on Form 8-K to report the results of its Annual Meeting of shareholders, held on June 17, 2026. Holders of record as of the April 20, 2026 record date were entitled to vote, and 163,198,698 shares of Class A common stock were outstanding and entitled to vote, with each share carrying one vote. Shareholders voted on two proposals, each described in more detail in the 2026 Proxy Statement. Under Proposal 1, all nine director nominees were elected to serve until the 2027 annual meeting. Support varied widely among nominees. Peter P. Gassner received 130,518,132 votes for and 1,555,040 against, and Tim Cabral received 129,552,566 for and 2,519,259 against. Matthew J. Wallach received 84,161,990 votes for and 47,870,106 against, and Gordon Ritter received 97,109,062 for and 34,885,018 against. Each nominee also had 13,692,787 broker non-votes. Under Proposal 2, shareholders ratified the appointment of KPMG LLP as Veeva's independent registered public accounting firm for the fiscal year ending January 31, 2027, with 143,034,910 votes for, 2,725,098 against, and 65,837 abstaining. The filing also includes Exhibit 104, the cover page Interactive Data File embedded within the Inline XBRL document.
  4. 8-KVeeva Systems 8-K Report, Financial Results (Jun 3, 2026)Veeva Systems Inc. (NYSE: VEEV) reported results for its fiscal 2027 first quarter ended April 30, 2026, in a press release furnished as Exhibit 99.1 under Item 2.02. Total revenues were $882.9 million, up 16% year over year, and subscription revenues were $730.2 million, up 15%. GAAP operating income was $273.1 million (up 17%) and GAAP net income was $260.9 million (up 14%), with GAAP fully diluted EPS of $1.57 versus $1.37 a year earlier. Non-GAAP operating income was $395.4 million (up 13%) and non-GAAP fully diluted EPS was $2.24 versus $1.97. CFO Brian Van Wagener said first quarter results exceeded guidance on all metrics. Management emphasized its AI strategy, with CEO Peter Gassner describing a shift from an industry-specific application company to an industry-specific application and AI agent company. The filing cites Ostro (acquired in March) serving more than 50 brands, Vault AI expanding to all Vault applications in August, and Veeva Falcon planned for early adopter release in November. Vault CRM added 27 new customers in the quarter and now has more than 150 live customers. Veeva raised its fiscal 2027 guidance: total revenues of $3,635 to $3,645 million, non-GAAP operating income of about $1,610 million, and non-GAAP fully diluted EPS of approximately $9.05. For the fiscal second quarter ending July 31, 2026, it guided to total revenues of $902 to $905 million, non-GAAP operating income of $392 to $395 million, and non-GAAP EPS of $2.21 to $2.22. GAAP guidance for operating income and EPS was not provided because certain excluded items, such as stock-based compensation, cannot be reasonably predicted.
  5. 8-KVeeva Systems 8-K Report, Executive Changes (Apr 20, 2026)Veeva Systems Inc. (VEEV) filed a Current Report on Form 8-K dated April 20, 2026, under Item 5.02 (Departure of Directors or Certain Officers; Compensatory Arrangements). The filing reports that Josh Faddis, Senior Vice President, General Counsel, intends to retire from that role effective November 1, 2026. At that time, Mr. Faddis intends to transition into a part-time advisor role at Veeva. The filing states that Veeva will appoint a successor to the General Counsel position upon Mr. Faddis' transition. No successor is named in this filing, and the filing does not disclose any compensation arrangements tied to the transition. The announcement is a planned, forward-dated leadership change rather than an immediate one, giving the company roughly six months to identify a replacement. The filing contains no financial statements and no financial results. Its only substantive disclosure is the planned executive transition, with the Cover Page Interactive Data File (Exhibit 104) as the sole listed exhibit.
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04—See also

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