Veeva Systems Inc.
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $908.9M | $714.1M | $525.7M | $487.7M | $427.4M | $380.0M | $301.1M | $229.8M |
| Depreciation & Amortization | — | — | — | — | — | — | $19.9M | $14.1M |
| Depreciation | — | — | $6.0M | $6.0M | $7.0M | $9.0M | $9.0M | $6.0M |
| Amortization | $14.0M | $19.0M | $19.0M | $19.0M | $19.0M | $20.0M | $10.0M | $7.0M |
| Stock-Based Compensation | $472.7M | $437.4M | $393.7M | $351.9M | $234.6M | $185.0M | $115.9M | $76.4M |
| Net Cash from Operating Activities | $1.42B | $1.09B | $911.3M | $780.5M | $764.5M | $551.2M | $437.4M | $310.8M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | $3.1M | $8.4M |
| Business Acquisitions | — | — | $0 | $0 | $7.8M | $0 | $448.2M | $0 |
| Net Cash from Investing Activities | $-1.10B | $-700.1M | $-1.08B | $-1.01B | $-346.2M | $-333.6M | $-516.9M | $-103.9M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $169.9M | $0 | $0 | — | — | — | — | — |
| Net Cash from Financing Activities | $-9.3M | $26.1M | $-16.2M | $-19.4M | $-4.1M | $33.8M | $10.0M | $25.9M |
| Net Change in Cash | $302.4M | $414.3M | $-183.0M | $-251.6M | $409.5M | $251.9M | $-72.4M | $230.8M |
| Free Cash Flow | — | — | — | — | — | — | $434.3M | $302.4M |