Veeva Systems Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.20B | $2.75B | $2.36B | $2.16B | $1.85B | $1.47B | $1.10B | $862.2M |
| Cost of Revenue | $782.0M | $699.6M | $677.3M | $609.4M | $503.7M | $408.9M | $303.4M | $245.3M |
| Gross Profit | $2.41B | $2.05B | $1.69B | $1.55B | $1.35B | $1.06B | $800.7M | $616.9M |
| Gross Margin | 75.5% | 74.5% | 71.3% | 71.7% | 72.8% | 72.1% | 72.5% | 71.6% |
| Operating Expenses | ||||||||
| Research & Development | $767.4M | $693.1M | $629.0M | $520.3M | $382.0M | $294.2M | $209.9M | $158.8M |
| SG&A Expense | $300.7M | $265.7M | $246.5M | $217.6M | $171.5M | $149.1M | $114.3M | $86.4M |
| Operating Income | $916.4M | $691.4M | $429.3M | $459.1M | $505.5M | $377.8M | $286.2M | $222.9M |
| Operating Margin | 28.7% | 25.2% | 18.2% | 21.3% | 27.3% | 25.8% | 25.9% | 25.8% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $1.19B | $919.4M | $588.0M | $509.1M | $512.3M | $394.0M | $313.7M | $238.6M |
| Income Tax Expense | $285.6M | $205.2M | $62.3M | $21.4M | $84.9M | $14.0M | $12.6M | $8.8M |
| Net Income | $908.9M | $714.1M | $525.7M | $487.7M | $427.4M | $380.0M | $301.1M | $229.8M |
| Net Margin | 28.4% | 26.0% | 22.2% | 22.6% | 23.1% | 25.9% | 27.3% | 26.7% |
| EPS (Basic) | $5.55 | $4.41 | $3.27 | $3.14 | $2.79 | $2.52 | $2.04 | $1.59 |
| EPS (Diluted) | $5.44 | $4.32 | $3.22 | $3.00 | $2.63 | $2.36 | $1.90 | $1.47 |
| Shares Outstanding (Basic) | 163.7M | 161.9M | 160.5M | 155.4M | 153.3M | 150.7M | 147.8M | 144.2M |
| Shares Outstanding (Diluted) | 167.0M | 165.2M | 163.5M | 162.4M | 162.3M | 160.7M | 158.3M | 156.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |