VEEV financial statements

The full income statement, balance sheet, and cash-flow statement for Veeva Systems Inc. (VEEV), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-04 161.7M2024-07 161.9M2024-10 162.4M2025-01 162.7M2025-04 163.4M2025-07 163.9M2025-10 164.4M2026-01 163.3M2026-04 162.4M+0.5% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2026	FY2025	FY2024	FY2023	FY2022
Income Statement	as ofJan 31 ’26	as ofJan 31 ’25	as ofJan 31 ’24	as ofJan 31 ’23	as ofJan 31 ’22
Revenue	3.20B YoY+16.3%	2.75B YoY+16.2%	2.36B YoY+9.7%	2.16B YoY+16.4%	1.85B YoY+26.3%
	2.41B YoY+17.9%	2.05B YoY+21.4%	1.69B YoY+9.1%	1.55B YoY+14.7%	1.35B YoY+27.5%
Cost of revenue	782M YoY+11.8%	700M YoY+3.3%	677M YoY+11.1%	609M YoY+21.0%	504M YoY+23.2%
	1.50B YoY+10.4%	1.36B YoY+7.8%	1.26B YoY+15.7%	1.09B YoY+29.1%	842M YoY+24.1%
Research & development	767M YoY+10.7%	693M YoY+10.2%	629M YoY+20.9%	520M YoY+36.2%	382M YoY+29.8%
Selling, general & administrative	301M YoY+13.2%	266M YoY+7.8%	247M YoY+13.3%	218M YoY+26.9%	172M YoY+15.0%
General & administrative	301M YoY+13.2%	266M YoY+7.8%	247M YoY+13.3%	218M YoY+26.9%	172M YoY+15.0%
Selling & marketing	429M YoY+8.1%	397M YoY+4.0%	381M YoY+9.4%	349M YoY+21.0%	288M YoY+22.6%
Amortization of intangibles	14.0M YoY-26.3%	19.0M YoY+0.0%	19.0M YoY+0.0%	19.0M YoY+0.0%	19.0M YoY-5.0%
Provision for credit losses	—	—	693K YoY+170.7%	256K YoY-5.9%	272K YoY+188.6%
Operating income	916M YoY+32.5%	691M YoY+61.0%	429M YoY-6.5%	459M YoY-9.2%	505M YoY+33.8%
Other non-operating income	278M YoY+22.0%	228M YoY+43.6%	159M YoY+217.3%	50.0M YoY+633.7%	6.82M YoY-57.9%
Pre-tax income	1.19B YoY+29.9%	919M YoY+56.4%	588M YoY+15.5%	509M YoY-0.6%	512M YoY+30.0%
Income tax	286M YoY+39.2%	205M YoY+229.3%	62.3M YoY+191.3%	21.4M YoY-74.8%	84.9M YoY+506.8%
	909M YoY+27.3%	714M YoY+35.8%	526M YoY+7.8%	488M YoY+14.1%	427M YoY+12.5%
Net income to common	909M YoY+27.3%	714M	—	—	—
	$5.44 YoY+25.9%	$4.32 YoY+34.2%	$3.22 YoY+7.3%	$3.00 YoY+14.1%	$2.63 YoY+11.4%
EPS (basic)	$5.55 YoY+25.9%	$4.41 YoY+34.9%	$3.27 YoY+4.1%	$3.14 YoY+12.5%	$2.79 YoY+10.7%
	164M YoY+1.1%	162M YoY+0.8%	161M YoY+3.3%	155M YoY+1.4%	153M YoY+1.7%
	167M YoY+1.1%	165M YoY+1.1%	163M YoY+0.6%	162M YoY+0.1%	162M YoY+1.0%
Balance Sheet	as ofJan 31 ’26	as ofJan 31 ’25	as ofJan 31 ’24	as ofJan 31 ’23	as ofJan 31 ’22
	8.00B YoY+26.8%	6.31B YoY+26.1%	5.00B YoY+26.0%	3.97B YoY+27.7%	3.11B YoY+34.5%
Cash & equivalents	1.42B YoY+27.0%	1.12B YoY+59.0%	703M YoY-20.6%	886M YoY-22.1%	1.14B YoY+55.8%
Accounts receivable	1.26B YoY+23.9%	1.02B YoY+19.3%	852M YoY+21.2%	703M YoY+11.4%	631M YoY+11.8%
Prepaid expenses	126M YoY+24.7%	101M YoY+16.7%	86.9M YoY+6.7%	81.5M YoY+122.1%	36.7M YoY+3.0%
	8.98B YoY+22.3%	7.34B YoY+24.2%	5.91B YoY+23.0%	4.80B YoY+25.9%	3.82B YoY+25.3%
Property, plant & equipment	70.3M YoY+25.7%	55.9M YoY-4.5%	58.5M YoY+17.5%	49.8M YoY-8.6%	54.5M YoY+1.6%
Operating lease right-of-use	75.6M YoY+18.4%	63.9M YoY+40.0%	45.6M YoY-17.6%	55.3M YoY+11.5%	49.6M YoY-12.8%
Goodwill	440M YoY+0.0%	440M YoY+0.0%	440M YoY+0.0%	440M YoY+0.0%	440M YoY+0.9%
Intangible assets	30.3M YoY-31.8%	44.5M YoY-29.4%	63.0M YoY-23.6%	82.5M YoY-19.1%	102M YoY-11.0%
Deferred tax assets	273M YoY-20.5%	344M YoY+47.3%	233M YoY+70.8%	137M YoY+2581.9%	5.10M YoY-63.9%
Other non-current assets	62.3M YoY+10.1%	56.5M YoY+30.6%	43.3M YoY+11.2%	39.0M YoY+55.0%	25.1M YoY+40.5%
	1.64B YoY+17.1%	1.40B YoY+18.6%	1.18B YoY+17.1%	1.01B YoY+19.7%	841M YoY+17.4%
Accounts payable	37.6M YoY+23.6%	30.4M YoY-3.4%	31.5M YoY-24.4%	41.7M YoY+104.8%	20.3M YoY-12.5%
Deferred revenue	1.49B YoY+16.9%	1.27B YoY+21.4%	1.05B YoY+20.8%	869M YoY+18.8%	732M YoY+18.6%
Current lease liability	12.2M YoY+21.9%	9.97M YoY+6.8%	9.33M YoY-17.4%	11.3M YoY+3.0%	11.0M YoY-3.2%
	1.76B YoY+17.1%	1.51B YoY+19.1%	1.27B YoY+16.4%	1.09B YoY+20.2%	905M YoY+16.0%
Non-current lease liability	83.7M YoY+27.2%	65.8M YoY+41.7%	46.4M YoY-6.5%	49.7M YoY+13.9%	43.6M YoY-15.1%
Operating lease liability (total)	95.9M YoY+26.5%	75.8M YoY+35.9%	55.8M YoY-8.5%	61.0M YoY+11.7%	54.6M YoY-13.0%
Deferred tax liabilities	558K YoY-4.9%	587K YoY-71.4%	2.05M YoY+37.5%	1.49M YoY-32.7%	2.22M YoY+20.8%
Other non-current liabilities	43.3M YoY+1.6%	42.6M YoY+10.0%	38.7M YoY+28.7%	30.1M YoY+65.0%	18.2M YoY+72.5%
	7.21B YoY+23.7%	5.83B YoY+25.6%	4.64B YoY+25.0%	3.72B YoY+27.6%	2.91B YoY+28.5%
Common stock	2.00K YoY+0.0%	2.00K YoY+0.0%	2.00K	—	—
Additional paid-in capital	2.84B YoY+19.1%	2.39B YoY+24.6%	1.92B YoY+24.9%	1.53B YoY+28.1%	1.20B YoY+23.9%
Retained earnings	4.36B YoY+26.3%	3.45B YoY+26.1%	2.74B YoY+23.7%	2.21B YoY+28.2%	1.73B YoY+32.9%
Accumulated other comprehensive income	8.16M YoY+197.0%	-8.42M YoY+20.9%	-10.6M YoY+65.8%	-31.1M YoY-160.3%	-12.0M YoY-1305.4%
Total liabilities & equity	8.98B YoY+22.3%	7.34B YoY+24.2%	5.91B YoY+23.0%	4.80B YoY+25.9%	3.82B YoY+25.3%
	164M YoY+0.7%	163M	—	—	—
	164M YoY+0.7%	163M YoY+0.8%	161M	—	—
	163M YoY+0.4%	163M YoY+0.9%	161M	—	—
Cash Flow	as ofJan 31 ’26	as ofJan 31 ’25	as ofJan 31 ’24	as ofJan 31 ’23	as ofJan 31 ’22
	1.42B YoY+29.8%	1.09B YoY+19.6%	911M YoY+16.8%	780M YoY+2.1%	764M YoY+38.7%
Depreciation & amortization	—	—	25.0M YoY+0.0%	25.0M YoY-3.8%	26.0M YoY-10.3%
Intangible amortization	14.0M YoY-26.3%	19.0M YoY+0.0%	19.0M YoY+0.0%	19.0M YoY+0.0%	19.0M YoY-5.0%
Share-based compensation	473M YoY+8.1%	437M YoY+11.1%	394M YoY+11.9%	352M YoY+50.0%	235M YoY+26.8%
Deferred income taxes	65.1M YoY+158.0%	-112M YoY-6.5%	-105M YoY+17.4%	-128M YoY-1250.8%	11.1M YoY+1157.2%
Change in receivables	245M YoY+48.7%	165M YoY+9.9%	150M YoY+107.6%	72.2M YoY+7.7%	67.0M YoY-61.5%
Change in payables	6.08M YoY+410.0%	-1.96M YoY+80.8%	-10.2M YoY-147.7%	21.4M YoY+815.0%	-3.00M YoY-497.5%
Other operating activities	3.26M YoY+171.4%	1.20M YoY+155.0%	471K YoY-61.6%	1.23M	—
	-1.10B YoY-57.7%	-700M YoY+35.0%	-1.08B YoY-6.8%	-1.01B YoY-191.1%	-346M YoY-3.8%
Acquisitions	0.00	0.00	0.00	0.00 YoY-100.0%	7.78M
	-9.33M YoY-135.7%	26.1M YoY+261.3%	-16.2M YoY+16.5%	-19.4M YoY-368.0%	-4.14M YoY-112.2%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	170M	0.00	0.00	0.00	0.00
Dividends paid	0.00	0.00	0.00	0.00	0.00
FX effect on cash	919K YoY+153.0%	-1.74M YoY+2.5%	-1.78M YoY+64.3%	-4.99M YoY-7.1%	-4.66M YoY-1062.2%
Net change in cash	302M YoY-27.0%	414M YoY+326.4%	-183M YoY+27.3%	-252M YoY-161.4%	410M YoY+62.6%
Income taxes paid	230M YoY-28.6%	322M YoY+139.5%	134M YoY-19.9%	168M YoY+186.5%	58.6M YoY+224.0%
Valuation Ratios	as ofJan 31 ’26	as ofJan 31 ’25	as ofJan 31 ’24	as ofJan 31 ’23	as ofJan 31 ’22
Market cap	33.5B YoY-11.7%	38.0B YoY+13.4%	33.5B YoY+20.2%	27.8B YoY-27.0%	38.1B YoY-14.7%
P/E	39.0× YoY-26.7%	53.1× YoY-16.5%	63.6× YoY+11.5%	57.1× YoY-36.0%	89.2× YoY-31.5%
P/S	10.9× YoY-21.2%	13.8× YoY-2.4%	14.2× YoY+9.6%	12.9× YoY-37.3%	20.6× YoY-36.4%
P/B	4.8× YoY-26.8%	6.5× YoY-9.7%	7.2× YoY-3.8%	7.5× YoY-42.8%	13.1× YoY-38.3%
P/FCF	69.6× YoY-11.7%	78.8× YoY+13.4%	69.5× YoY+20.2%	57.8× YoY-27.0%	79.1× YoY-14.7%
	2.6% YoY+36.4%	1.9% YoY+19.8%	1.6% YoY-10.3%	1.8% YoY+56.3%	1.1% YoY+46.0%
	1.4% YoY+13.2%	1.3% YoY-11.8%	1.4% YoY-16.8%	1.7% YoY+36.9%	1.3% YoY+17.3%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: VEEV's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all VEEV filings on SEC EDGAR → Not investment advice.