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Veeva Systems Inc. (VEEV) Fundamental Analysis & AI Grade 2026

VEEV NYSE Services-Prepackaged Software DE CIK: 0001393052
Recently Updated • Analysis: Jun 6, 2026 • SEC Data: 2026-04-30
Combined AI Grade
A
82% Confidence
N/A
A
82% Conf
Pending
Analysis scheduled

📊 VEEV Key Takeaways

Revenue: $882.9M
Net Margin: 29.6%
Free Cash Flow: $1.1B
Current Ratio: 4.74x
Debt/Equity: 0.00x
EPS: $1.57
AI Grade: A with 82% confidence
Veeva Systems Inc. (VEEV) receives a A fundamental grade with 82% confidence from our AI analysis based on SEC 10-K filings. With revenue of $882.9M, net profit margin of 29.6%, and return on equity (ROE) of 3.6%, Veeva Systems Inc. demonstrates strong fundamentals in the Technology sector. Below is our complete VEEV stock analysis for 2026.

Is Veeva Systems Inc. (VEEV) a Good Investment?

Claude

Veeva demonstrates exceptional financial health with 75% gross margins, 30.9% operating margins, and fortress balance sheet (zero debt, $1.9B cash). Net income growth (27.3% YoY) is accelerating faster than revenue growth (16.3% YoY), indicating strong operational leverage and improving profitability despite solid top-line expansion.

Veeva Systems Inc. Key Strengths (VEEV)

Claude
  • + Exceptional profitability margins (75% gross, 30.9% operating) indicate dominant market position in SaaS
  • + Net income growing 27.3% YoY while revenue grows 16.3% shows improving operational efficiency and strong leverage
  • + Fortress balance sheet with zero debt, $1.9B cash, and 4.74x current ratio provides substantial financial flexibility
  • + Capital-light model with $267K capex converting virtually 100% of operating cash flow ($1.1B) to free cash flow
  • + Sustained high margins and FCF generation demonstrates pricing power and sticky customer base

VEEV Stock Risks: Veeva Systems Inc. Investment Risks

Claude
  • ! Revenue growth at 16.3% YoY is moderate; deceleration would be concerning given market expectations for SaaS
  • ! Low ROE (3.6%) and ROA (2.9%) reflect either excess cash drag or capital deployment challenges despite strong earnings
  • ! 21 insider Form 4 filings in 90 days may indicate option exercises or rebalancing rather than conviction buying
  • ! Reliance on sustained gross margins; any pricing pressure or mix shift toward lower-margin products would compress profitability

Key Metrics to Watch

Claude
  • * Revenue growth trajectory - watch for acceleration/deceleration trends in next 2-3 quarters
  • * Operating margin sustainability - ensure profitability gains aren't one-time benefits
  • * Capital allocation policy - how company deploys $1.1B+ annual FCF (buybacks, acquisitions, debt reduction)
  • * Customer retention and net revenue retention rates - indicators of sticky, expanding relationships

Veeva Systems Inc. (VEEV) Financial Metrics & Key Ratios

Revenue
$882.9M
Net Income
$260.9M
EPS (Diluted)
$1.57
Free Cash Flow
$1.1B
Total Assets
$9.1B
Cash Position
$1.9B

💡 AI Analyst Insight

The 127.6% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. Strong liquidity with a 4.74x current ratio provides a solid financial cushion.

VEEV Profit Margin, ROE & Profitability Analysis

Gross Margin 75.0%
Operating Margin 30.9%
Net Margin 29.6%
ROE 3.6%
ROA 2.9%
FCF Margin 127.6%

VEEV vs Technology Sector: How Veeva Systems Inc. Compares

How Veeva Systems Inc. compares to Technology sector averages

Net Margin
VEEV 29.6%
vs
Sector Avg 18.0%
VEEV Sector
ROE
VEEV 3.6%
vs
Sector Avg 22.0%
VEEV Sector
Current Ratio
VEEV 4.7x
vs
Sector Avg 2.5x
VEEV Sector
Debt/Equity
VEEV 0.0x
vs
Sector Avg 0.5x
VEEV Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Veeva Systems Inc. Stock Overvalued? VEEV Valuation Analysis 2026

Based on fundamental analysis, Veeva Systems Inc. has mixed fundamental signals relative to the Technology sector in 2026.

Return on Equity
3.6%
Sector avg: 22%
Net Profit Margin
29.6%
Sector avg: 18%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Veeva Systems Inc. Balance Sheet: VEEV Debt, Cash & Liquidity

Current Ratio
4.74x
Quick Ratio
4.74x
Debt/Equity
0.00x
Debt/Assets
20.0%
Interest Coverage
N/A
Long-term Debt
N/A

VEEV Revenue & Earnings Growth: 5-Year Financial Trend

VEEV 5-year financial data: Year 2021: Revenue $1.9B, Net Income $229.8M, EPS $1.47. Year 2023: Revenue $2.2B, Net Income $380.0M, EPS $2.36. Year 2024: Revenue $2.4B, Net Income $427.4M, EPS $2.63. Year 2025: Revenue $2.7B, Net Income $487.7M, EPS $3.00. Year 2026: Revenue $3.2B, Net Income $525.7M, EPS $3.22.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Veeva Systems Inc.'s revenue has grown significantly by 73% over the 5-year period, indicating strong business expansion. The most recent EPS of $3.22 reflects profitable operations.

VEEV Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
127.6%
Free cash flow / Revenue

VEEV Quarterly Earnings & Performance

Quarterly financial performance data for Veeva Systems Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2027 $759.0M $228.2M $1.37
Q3 2026 $699.2M $185.8M $1.13
Q2 2026 $676.2M $171.0M $1.04
Q1 2026 $650.3M $161.7M $0.98
Q3 2025 $616.5M $135.2M $0.83
Q2 2025 $590.2M $111.6M $0.68
Q1 2025 $526.3M $131.5M $0.81
Q3 2024 $552.4M $108.5M $0.67

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Veeva Systems Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$1.1B
Cash generated from operations
Stock Buybacks
$226.9M
Shares repurchased (TTM)
Capital Expenditures
-$267.0K
Investment in assets
Dividends
None
No dividend program

VEEV SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Veeva Systems Inc. (CIK: 0001393052)

📋 Recent SEC Filings

Date Form Document Action
Jun 5, 2026 10-Q veev-20260430.htm View →
Jun 3, 2026 4 xslF345X06/wk-form4_1780519354.xml View →
Jun 3, 2026 4 xslF345X06/wk-form4_1780519253.xml View →
Jun 3, 2026 4 xslF345X06/wk-form4_1780519203.xml View →
Jun 3, 2026 4 xslF345X06/wk-form4_1780519166.xml View →

Frequently Asked Questions about VEEV

What is the AI rating for VEEV?

Veeva Systems Inc. (VEEV) has an AI grade of A with 82% confidence, based on fundamental analysis of SEC EDGAR filings.

What are VEEV's key strengths?

Claude: Exceptional profitability margins (75% gross, 30.9% operating) indicate dominant market position in SaaS. Net income growing 27.3% YoY while revenue grows 16.3% shows improving operational efficiency and strong leverage.

What are the risks of investing in VEEV?

Claude: Revenue growth at 16.3% YoY is moderate; deceleration would be concerning given market expectations for SaaS. Low ROE (3.6%) and ROA (2.9%) reflect either excess cash drag or capital deployment challenges despite strong earnings.

What is VEEV's revenue and growth?

Veeva Systems Inc. reported revenue of $882.9M.

Does VEEV pay dividends?

Veeva Systems Inc. does not currently pay dividends.

Where can I find VEEV SEC filings?

Official SEC filings for Veeva Systems Inc. (CIK: 0001393052) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is VEEV's EPS?

Veeva Systems Inc. has a diluted EPS of $1.57.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is VEEV's fundamental grade?

Based on our AI fundamental analysis in June 2026, Veeva Systems Inc. has a A grade with 82% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is VEEV stock overvalued or undervalued?

Valuation metrics for VEEV: ROE of 3.6% (sector avg: 22%), net margin of 29.6% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.

What is VEEV's AI grade for 2026?

Our dual AI analysis gives Veeva Systems Inc. a combined A grade for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is VEEV's free cash flow?

Veeva Systems Inc.'s operating cash flow is $1.1B, with capital expenditures of $267.0K. FCF margin is 127.6%.

How does VEEV compare to other Technology stocks?

Vs Technology sector averages: Net margin 29.6% (avg: 18%), ROE 3.6% (avg: 22%), current ratio 4.74 (avg: 2.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Jun 6, 2026 | Data as of: 2026-04-30 | Powered by Claude AI