Healthcare · Medical - Healthcare Information Services
Price
$192.74
Market Cap
$31.3B
Employees
7,291
Beta
0.95
Avg Volume
3,272,354
CEO
Peter Gassner
Business Description
Veeva Systems Inc. is a leading provider of cloud-based software solutions, exclusively dedicated to the global life sciences industry. Its extensive operational presence spans across North America, Europe, the Asia Pacific region, the Middle East, Africa, and Latin America. The company's product portfolio is primarily structured around two major offerings. First, the Veeva Commercial Cloud delivers an integrated suite of software, data, and analytics tools designed to optimize commercial operations. This includes vital applications such as Veeva Customer Relationship Management (CRM) and its specialized Medical CRM, Veeva Closed Loop Marketing (CLM), sophisticated analytics via Veeva CRM MyInsights, approved email communication with Veeva CRM Approved Email, digital engagement tools like Veeva CRM Engage, commercial alignment through Veeva Align, event management capabilities with Veeva CRM Events Management, data warehousing solutions (Veeva Nitro), data services (Veeva OpenData, Veeva Link), master data management (Veeva Network), advanced analytical insights (Veeva Crossix, Veeva Data Cloud), and patient engagement platforms (MyVeeva for Patients). Secondly, Veeva Vault provides a robust collection of cloud-native enterprise content and data management applications. These applications are engineered to support both critical commercial functions—encompassing sales, marketing, and medical content and communications—and comprehensive research and development processes, including clinical trials, regulatory compliance, quality management, and patient safety. Beyond its software, Veeva offers a wide array of professional and support services. These range from strategic implementation and deployment planning, project management, and detailed requirements analysis to solution design and configuration. They also include system environment management and deployment, expert consulting for business process transformation related to Veeva solutions, technical guidance on data migration and systems integrations, comprehensive training programs, and ongoing managed services such as outsourced systems administration. Tracing its origins, the company was incorporated in 2007 as Verticals onDemand, Inc., and subsequently rebranded to Veeva Systems Inc. in April 2009. Its corporate headquarters are situated in Pleasanton, California.
Business History
Price Overview
Price at report time · Jul 4, 4:46am (0m ago)
$192.74
Change · Jul 4
+8.52 (+4.62%)
Day Range
$184.42 – $192.86
52-Week Range
$148.05 – $310.50
50-Day MA
$165.49
200-Day MA
$213.36
Volume
2,573,196.00
Right now · live
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Real-time — the change above is the move since the report (over 0m).
Analyst Price Targets
Low
$165.00
Consensus
$235.38
High
$320.00
(90 analysts)
Share Structure
Outstanding
162,443,291.00
Float
148,965,371.00
Free Float
91.7%
High free float
— 91.7% of shares trade freely, ~8.3% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
33.43
Stock Price: $192.74
EPS (Diluted): 5.55
EPS (Diluted): 5.55
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
4.63
Stock Price: $192.74
Total Equity: $7.21B
Shares: 166,995,000
Total Equity: $7.21B
Shares: 166,995,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
22.71
Market Cap: $31.31B
Total Debt: $0.00
Cash: $1.42B
EBITDA: $1.24B
Total Debt: $0.00
Cash: $1.42B
EBITDA: $1.24B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$32.0B
Market Cap: $31.31B
Total Debt: $0.00
Cash: $1.42B
Total Debt: $0.00
Cash: $1.42B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
75.5%
Gross Profit: $2.41B
Revenue: $3.20B
Revenue: $3.20B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
28.7%
Operating Income: $916.37M
Revenue: $3.20B
Revenue: $3.20B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
28.4%
Net Income: $908.91M
Revenue: $3.20B
Revenue: $3.20B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
13.4%
Net Income: $908.91M
Total Equity: $7.21B
Total Equity: $7.21B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
9.7%
Operating Income: $916.37M
Tax Rate: 23.9%
Equity: $7.21B
Total Debt: $0.00
Cash: $1.42B
Tax Rate: 23.9%
Equity: $7.21B
Total Debt: $0.00
Cash: $1.42B
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
4.89
Current Assets: $8.00B
Current Liabilities: $1.64B
Current Liabilities: $1.64B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $7.21B
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $7.21B
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$19.13
Revenue: $3.20B
Shares: 166,995,000
Shares: 166,995,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$43.20
Total Equity: $7.21B
Shares: 166,995,000
Shares: 166,995,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$8.30
Operating CF: $1.42B
CapEx: -$29.13M
Shares: 166,995,000
CapEx: -$29.13M
Shares: 166,995,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $192.74
Stock Price: $192.74
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $908.91M
Net Income: $908.91M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares VEEV against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 4, 2026 4:46am (just now)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $1.9B | $2.2B | $2.4B | $2.7B | $3.2B |
| Cost of Revenue | $503.7M | $609.4M | $677.3M | $699.6M | $782.0M |
| Gross Profit | $1.3B | $1.5B | $1.7B | $2.0B | $2.4B |
| Operating Expenses | $841.6M | $1.1B | $1.3B | $1.4B | $1.5B |
| Operating Income | $505.5M | $459.1M | $429.3M | $691.4M | $916.4M |
| Net Income | $427.4M | $487.7M | $525.7M | $714.1M | $908.9M |
| EBITDA | $539.8M | $538.2M | $620.7M | $958.8M | $1.2B |
| EPS | $2.79 | $3.14 | $3.27 | $4.41 | $5.55 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 4, 2026 4:46am (just now)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.1B | $886.5M | $703.5M | $1.1B | $1.4B |
| Total Current Assets | $3.1B | $4.0B | $5.0B | $6.3B | $8.0B |
| Total Assets | $3.8B | $4.8B | $5.9B | $7.3B | $9.0B |
| Current Liabilities | $840.8M | $1.0B | $1.2B | $1.4B | $1.6B |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $904.8M | $1.1B | $1.3B | $1.5B | $1.8B |
| Total Equity | $2.9B | $3.7B | $4.6B | $5.8B | $7.2B |
| Retained Earnings | $1.7B | $2.2B | $2.7B | $3.5B | $4.4B |
Cash Flow (Annual)
Last updated: Jul 4, 2026 4:46am (just now)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | $764.5M | $780.5M | $911.3M | $1.1B | $1.4B |
| Capital Expenditure | -$14.2M | -$13.5M | -$26.2M | -$20.5M | -$29.1M |
| Free Cash Flow | $750.2M | $767.0M | $885.1M | $1.1B | $1.4B |
| Acquisitions (net) | -$7.8M | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | -$169.9M |
| Net Change in Cash | $409.5M | -$251.6M | -$183.0M | $414.3M | $302.4M |
Analyst Estimates (Annual)
Last updated: Jul 4, 2026 4:46am (just now)| Metric | 2028 | 2029 | 2030 | 2031 |
|---|---|---|---|---|
| Revenue |
$4.1B $4.0B – $4.1B
|
$4.6B $4.6B – $4.6B
|
$5.1B $5.0B – $5.1B
|
$5.7B $5.6B – $5.8B
|
| EBITDA |
$1.3B $1.2B – $1.3B
|
$1.4B $1.4B – $1.4B
|
$1.6B $1.5B – $1.6B
|
$1.8B $1.7B – $1.8B
|
| Net Income |
$1.7B $1.6B – $1.7B
|
$1.8B $1.7B – $2.0B
|
$2.1B $2.1B – $2.2B
|
$2.4B $2.4B – $2.5B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 4, 2026 4:46am (just now)| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue Growth | +16.4% | +9.7% | +16.2% | +16.3% |
| Gross Profit Growth | +14.7% | +9.1% | +21.4% | +17.9% |
| Operating Income Growth | -9.2% | -6.5% | +61.0% | +32.5% |
| Net Income Growth | +14.1% | +7.8% | +35.8% | +27.3% |
| EBITDA Growth | -0.3% | +15.3% | +54.5% | +29.9% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-17 | Ritter Gordon | A-Award | 2,164.00 | $0.00 | $0 |
| 2026-06-17 | SEKHRI PAUL J | A-Award | 1,841.00 | $0.00 | $0 |
| 2026-06-17 | Wallach Matthew J | A-Award | 1,841.00 | $0.00 | $0 |
| 2026-06-17 | MOHR MARSHALL | A-Award | 2,099.00 | $0.00 | $0 |
| 2026-06-17 | Hedley Mary Lynne | A-Award | 1,906.00 | $0.00 | $0 |
| 2026-06-17 | Hung Priscilla | A-Award | 1,906.00 | $0.00 | $0 |
| 2026-06-17 | Carges Mark T | A-Award | 1,970.00 | $0.00 | $0 |
| 2026-06-17 | Cabral Timothy S | A-Award | 1,906.00 | $0.00 | $0 |
| 2026-04-30 | Hung Priscilla | S-Sale | 750.00 | $155.64 | $116,730 |
| 2026-04-10 | Hung Priscilla | S-Sale | 750.00 | $153.50 | $115,125 |
| 2026-04-07 | Zuppas Eleni Nitsa | A-Award | 0.00 | $0.00 | $0 |
| 2026-04-07 | Zuppas Eleni Nitsa | A-Award | 0.00 | $0.00 | $0 |
| 2026-04-07 | Van Wagener Brian | A-Award | 0.00 | $0.00 | $0 |
| 2026-04-07 | Van Wagener Brian | A-Award | 0.00 | $0.00 | $0 |
| 2026-04-07 | Schwenger Thomas D. | A-Award | 0.00 | $0.00 | $0 |
| 2026-04-07 | Schwenger Thomas D. | A-Award | 0.00 | $0.00 | $0 |
| 2026-04-07 | Kondath Vipin | A-Award | 0.00 | $0.00 | $0 |
| 2026-04-07 | Kondath Vipin | A-Award | 0.00 | $0.00 | $0 |
| 2026-04-07 | Faddis Jonathan | A-Award | 0.00 | $0.00 | $0 |
| 2026-04-01 | Van Wagener Brian | M-Exempt | 872.00 | $0.00 | $0 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for VEEV — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.375 · 8810b4cb · 2026-07-03 16:26:33