Veeva Systems (VEEV) is trading up at $319.96 (+1.00%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Health Care sector.
Current price targets from 6 firms average $286, median $305, ranging from $225 to $330 — the average is 11% below the current $320. Each is tracked to its date and scored the same way a member's call is.
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
| FY2017Jan 2017 | FY2018Jan 2018 | FY2019Jan 2019 | FY2020Jan 2020 | FY2021Jan 2021 | FY2022Jan 2022 | FY2023Jan 2023 | FY2024Jan 2024 | FY2025Jan 2025 | FY2026Jan 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $550.5M | $690.6M | $862.2M | $1.10B | $1.47B | $1.85B | $2.16B | $2.36B | $2.75B | $3.20B |
| Growth (year over year) | +34.5% | +25.4% | +24.9% | +28.1% | +32.7% | +26.3% | +16.4% | +9.7% | +16.2% | +16.3% |
| Gross profit | $376.9M | $479.1M | $616.9M | $800.7M | $1.06B | $1.35B | $1.55B | $1.69B | $2.05B | $2.41B |
| Gross margin | 68.5% | 69.4% | 71.6% | 72.5% | 72.1% | 72.8% | 71.7% | 71.3% | 74.5% | 75.5% |
| Operating income | $120.7M | $157.9M | $222.9M | $286.2M | $377.8M | $505.5M | $459.1M | $429.3M | $691.4M | $916.4M |
| Operating margin | 21.9% | 22.9% | 25.8% | 25.9% | 25.8% | 27.3% | 21.3% | 18.2% | 25.2% | 28.7% |
| Net income | $77.6M | $151.2M | $229.8M | $301.1M | $380.0M | $427.4M | $487.7M | $525.7M | $714.1M | $908.9M |
| Net margin | 14.1% | 21.9% | 26.7% | 27.3% | 25.9% | 23.1% | 22.6% | 22.2% | 26.0% | 28.4% |
| EPS (diluted) | $0.53 | $0.98 | $1.47 | $1.90 | $2.36 | $2.63 | $3.00 | $3.22 | $4.32 | $5.44 |
| Balance sheet | ||||||||||
| Cash and equivalents | $217.6M | $320.2M | $551.0M | $476.7M | $730.5M | $1.14B | $886.5M | $703.5M | $1.12B | $1.42B |
| Total assets | $917.4M | $1.23B | $1.65B | $2.27B | $3.05B | $3.82B | $4.80B | $5.91B | $7.34B | $8.98B |
| Total liabilities | $264.7M | $324.1M | $416.0M | $606.2M | $779.7M | $904.8M | $1.09B | $1.27B | $1.51B | $1.76B |
| Shareholders' equity | $678.2M | $906.2M | $1.24B | $1.67B | $2.27B | $2.91B | $3.72B | $4.64B | $5.83B | $7.21B |
| Cash flow | ||||||||||
| Operating cash flow | $144.0M | $233.4M | $310.8M | $437.4M | $551.2M | $764.5M | $780.5M | $911.3M | $1.09B | $1.42B |
| Capital expenditure | $6.92M | $9.63M | $8.44M | $3.11M | — | — | — | — | — | — |
| Free cash flow | $137.1M | $223.8M | $302.4M | $434.3M | — | — | — | — | — | — |
| Share buybacks | — | — | — | — | — | — | — | $0 | $0 | $169.9M |
| Q3 FY25Oct 2024 | Q4 FY25†Jan 2025 | Q1 FY26Apr 2025 | Q2 FY26Jul 2025 | Q3 FY26Oct 2025 | Q4 FY26†Jan 2026 | Q1 FY27Apr 2026 | Q2 FY27Jul 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $699.2M | $720.9M | $759.0M | $789.1M | $811.2M | $836.0M | $882.9M | $928.0M |
| Growth (year over year) | +13.4% | +14.3% | +16.7% | +16.7% | +16.0% | +16.0% | +16.3% | +17.6% |
| Gross profit | $524.8M | $539.9M | $585.2M | $593.8M | $611.8M | $622.5M | $662.0M | $696.0M |
| Gross margin | 75.1% | 74.9% | 77.1% | 75.3% | 75.4% | 74.5% | 75.0% | 75.0% |
| Operating income | $181.4M | $188.4M | $233.7M | $195.9M | $240.9M | $245.9M | $273.1M | $275.0M |
| Operating margin | 25.9% | 26.1% | 30.8% | 24.8% | 29.7% | 29.4% | 30.9% | 29.6% |
| Net income | $185.8M | $195.6M | $228.2M | $200.3M | $236.2M | $244.2M | $260.9M | $273.4M |
| Net margin | 26.6% | 27.1% | 30.1% | 25.4% | 29.1% | 29.2% | 29.6% | 29.5% |
| EPS (diluted) | $1.13 | $1.17 | $1.37 | $1.19 | $1.40 | $1.48 | $1.57 | $1.66 |
| Balance sheet | ||||||||
| Cash and equivalents | $1.04B | $1.12B | $1.96B | $1.93B | $1.66B | $1.42B | $1.90B | $1.81B |
| Total assets | $6.45B | $7.34B | $7.77B | $8.00B | $8.10B | $8.98B | $9.13B | $9.06B |
| Total liabilities | $951.5M | $1.51B | $1.55B | $1.36B | $1.06B | $1.76B | $1.83B | $1.63B |
| Shareholders' equity | $5.50B | $5.83B | $6.21B | $6.64B | $7.04B | $7.21B | $7.30B | $7.43B |
| Cash flow | ||||||||
| Operating cash flow | $164.1M | $69.5M | $877.2M | $238.4M | $192.8M | $106.8M | $1.13B | $238.7M |
| Share buybacks | — | — | $0 | $0 | — | — | $226.9M | $245.7M |
From Veeva Systems's 10-K and 10-Q filings with the SEC; its fiscal year ends in January. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Veeva Systems's latest reported figures next to the median of the other 59 S&P 500 Health Care companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.
| Measure | Veeva Systems | Health Care (59 other S&P 500 companies) | S&P 500 (502 other companies) |
|---|---|---|---|
| Revenue growth, latest fiscal year | +16.3% | +7.1% | +7.0% |
| Net margin, latest fiscal year | 28.4% | 12.9% | 12.9% |
| Share price change, 1 year | +10.8% | +19.8% | +5.6% |
Veeva Systems: fiscal year ended January 2026, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, Veeva Systems included, are the last regular-session prices of October 19, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 59/496, net margin 59/496, 1-year price change 59/490; the reasons below can overlap. 12 are left out of the price figure because our archive holds no comparable close for them. The S&P 500 price figure is the middle company's change, not the index's return.
Veeva Systems Inc., headquartered in Pleasanton, California, provides cloud computing software, data, and consulting services for the life sciences industry. Its products are used to track all aspects of drug development and pharmaceutical manufacturing.
Source: Wikipedia — Veeva Systems