Veeva Systems (VEEV) stock
Health Care · Health Care Technology
Veeva Systems (VEEV) is a Health Care Technology company in the Health Care sector, headquartered in Pleasanton, California. As of October 23, 2026, VEEV closed at $323.04, a market capitalization of $52.30 billion, the 226th largest company in the S&P 500. Over the last twelve months it generated $3.46 billion in revenue (+18% year over year) and $1.67 billion in free cash flow. The stock trades at 53.0x trailing earnings and 31.5x forward earnings.
- 1-year total return: +10.8% (dividends reinvested)
- 5-year return: +0.2% a year
- 52-week range: $148.05 – $325.99
- Gross margin 75.0%, operating margin 29.6%
- FI Handbook report card: B- across 10 metrics
- 28th largest of 60 Health Care stocks in the S&P 500
VEEV price chart
1Y price change: +10.8% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| VEEV | +19.3% | +44.7% | +10.8% | +18.3% | +0.2% | +23.6% | +18.1% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2013.
VEEV key statistics
- Market cap
- $52.3B
- #226 in S&P 500
- P/E (TTM)
- 53.0x
- Forward P/E
- 31.5x
- EPS (TTM)
- $6.10
- Revenue (TTM)
- $3.5B
- +18%
- Free cash flow
- $1.7B
- Gross margin
- 75.0%
- Operating margin
- 29.6%
- Return on equity
- 14.4%
- Dividend yield
- None
- 52-week range
- $148.05 – $325.99
- Beta
- 0.93
- Price / sales
- 15.1x
- EV / EBITDA
- 42.0x
- Debt / equity
- 0.02x
- Employees
- 7,928
VEEV report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth17.6%B
- Gross margin75.0%A
- Operating margin29.6%B
- FCF margin48.2%A
- Return on equity14.4%C
- Net debt / EBITDA-6.6xA
- Forward P/E31.5xD
- PEG ratio0.9xA
- Shareholder yield0.3%F
- Share count change / yr0.8%D
Veeva Systems financials
Revenue went from $550.5M in fiscal 2017 to $3.2B in fiscal 2026, growing 21.6% a year.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $550.5M | $690.6M | $862.2M | $1.1B | $1.5B | $1.9B | $2.2B | $2.4B | $2.7B | $3.2B |
| Gross profit | $376.9M | $479.1M | $616.9M | $800.7M | $1.1B | $1.3B | $1.5B | $1.7B | $2.0B | $2.4B |
| Operating income | $120.7M | $157.9M | $222.9M | $286.2M | $377.8M | $505.5M | $459.1M | $429.3M | $691.4M | $916.4M |
| Net income | $77.6M | $151.2M | $229.8M | $301.1M | $380.0M | $427.4M | $487.7M | $525.7M | $714.1M | $908.9M |
| EPS (diluted) | $0.53 | $0.98 | $1.47 | $1.90 | $2.36 | $2.63 | $3.00 | $3.22 | $4.32 | $5.44 |
| Free cash flow | $137.1M | $223.8M | $302.4M | $434.3M | — | — | — | — | — | — |
| Buybacks | — | — | — | — | — | — | — | $0 | $0 | $169.9M |
| Diluted shares | 147.6M | 153.7M | 156.1M | 158.3M | 160.7M | 162.3M | 162.4M | 163.5M | 165.2M | 167.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into VEEV?
A reverse DCF asks what growth the current price requires. With an enterprise value of $45.2B and $1.7B of trailing free cash flow, Veeva Systems needs to grow free cash flow about 18.3% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 70.8% a year over the last five years.
P/E ratio history
Current 59.4x vs. median 96.9x (10th–90th percentile 58.9x–152.6x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
VEEV analyst price targets
27 analysts' average 12-month target is $300.56 (-7% vs. $323.04). Targets range from $180.00 to $360.00. 69% rate it a buy.
VEEV earnings
Next report: November 25, 2026. Veeva Systems has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $928.0M (+18% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 26, 2026 | $2.22 | $2.35 | +5.8% |
| Jun 3, 2026 | $2.14 | $2.24 | +4.9% |
| Mar 4, 2026 | $1.94 | $2.06 | +6.5% |
| Nov 20, 2025 | $1.95 | $2.04 | +4.5% |
| Aug 27, 2025 | $1.90 | $1.99 | +4.8% |
| May 28, 2025 | $1.74 | $1.97 | +13.0% |
| Mar 5, 2025 | $1.58 | $1.74 | +10.1% |
| Dec 5, 2024 | $1.58 | $1.75 | +10.7% |
Stocks like VEEV
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 SOLV Solventum | -2.33% | +18% | $14.5B | 10.5x | Compare |
 LLY Eli Lilly and | -2.54% | +56% | $1.1T | 42.7x | Compare |
 JNJ Johnson & Johnson | -1.42% | +40% | $635.1B | 40.0x | Compare |
 ABBV AbbVie | +0.16% | +29% | $504.8B | 80.7x | Compare |
 UNH UnitedHealth | -1.62% | +19% | $375.3B | 26.9x | Compare |
 MRK Merck & | -1.34% | +72% | $358.4B | 117.2x | Compare |
 TMO Thermo Fisher Scientific | -0.40% | +18% | $249.1B | 35.5x | Compare |
 AMGN Amgen | -1.79% | +54% | $237.5B | 27.3x | Compare |
VEEV news
- Guidance Up, Trend Intact: Veeva Is Today's Double-Confirmation Stock · Oct 23, 2026
- Global Decentralized Clinical Trials Market Size, Share, Growth Trends, and Forecast 2026-2035 | Clinical Trials leave the Clinic as the Decentralized Model Heads for a $28.4bn Market · Oct 22, 2026
- Is Veeva Systems Stock Really Expensive? · Oct 21, 2026
- Veeva Systems (VEEV) Rises Higher Than Market: Key Facts · Oct 19, 2026
- Veeva Systems' Research and Development Growth Tracking to Plan, Oppenheimer Says · Oct 15, 2026
VEEV stock FAQ
What is VEEV's market cap?
Veeva Systems's market capitalization is $52.30 billion as of October 23, 2026, ranking 226th in the S&P 500.
What is VEEV's P/E ratio?
VEEV trades at a trailing price-to-earnings ratio of 53.0x and a forward P/E of 31.5x. Its median P/E over the period we track is 96.9x.
Does VEEV pay a dividend?
No. Veeva Systems does not currently pay a regular cash dividend.
How much has VEEV stock returned?
Including reinvested dividends, VEEV returned +10.8% over one year, +0.2% a year over five years, +23.6% a year over ten years through October 23, 2026.
Is VEEV stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Veeva Systems must grow free cash flow about 18% a year for the next decade. Its free cash flow grew 71% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the VEEV price target?
27 analysts cover VEEV with an average 12-month price target of $300.56, -7% from the current price. 69% of them rate it a buy.
When does VEEV report earnings?
Veeva Systems is expected to report earnings on November 25, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does Veeva Systems have?
Veeva Systems has about 7,928 full-time employees, or $436,188 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology