Company Analysis

Veeva Systems Inc. (VEEV)

NYSE: VEEV · Services-Prepackaged Software · Pleasanton, CA · filing with the SEC since 2007
Grade6.3
◀ Past 6.7● Present 6.8▶ Future 5.6

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in January.
Income statement, by fiscal year, newest first
Fiscal yearFY 2026FY 2025FY 2024FY 2023FY 2021FY 2021FY 2020FY 2019FY 2018FY 2017
Period endingJan 31, 2026Jan 31, 2025Jan 31, 2024Jan 31, 2023Jan 31, 2022Jan 31, 2021Jan 31, 2020Jan 31, 2019Jan 31, 2018Jan 31, 2017
Report filedMar 20, 2026Mar 24, 2025Mar 25, 2024Mar 30, 2023Mar 30, 2022Mar 30, 2021Mar 30, 2020Mar 28, 2019Mar 30, 2018Mar 30, 2017
Revenue3,195,3112,746,6192,363,6732,155,0601,850,7771,465,0691,104,081862,210690,559550,542
Cost of revenue782,019699,636677,291609,405503,678408,928303,369245,281211,422173,681
Gross profit2,413,2922,046,9831,686,3821,545,6551,347,0991,056,141800,712616,929479,137r376,861r
Research and development767,386693,078629,031520,278382,035294,220209,895158,783132,017r96,743r
Sales and marketing428,798396,726381,472348,691288,061235,014190,331148,867128,781r110,634r
General and administrative300,739265,744246,545217,595171,507149,113114,26786,41360,410r48,796r
Total operating expenses1,496,9231,355,5481,257,0481,086,564841,603678,347514,493394,063321,208r256,173r
Operating income916,369691,435429,334459,091505,496377,794286,219222,866157,929r120,688r
Interest income (expense), net267,219207,987133,74845,86014,73015,85925,18515,3888,3834,477
Other income (expense), net278,139227,946158,68950,0056,81516,19927,47815,7777,8421,667
Income before income taxes1,194,508919,381588,023509,096512,311393,993313,697238,643165,771r122,355r
Income tax expense285,602205,24362,31821,39084,92113,99512,5798,81114,594r44,783r
Net income including non-controlling interests···487,706427,390379,998301,118229,832151,17777,572
Net income908,906714,138525,705487,706427,390379,998301,118229,832151,177r77,572r
Net income to common shareholders908,906714,138········
Earnings per share, basic5.554.413.273.142.792.522.041.591.08r0.57r
Earnings per share, diluted5.444.323.223.002.632.361.901.470.98r0.53r
Weighted average shares, basic163,667161,879160,532155,385153,251150,666147,796144,244140,311135,698
Weighted average shares, diluted166,995165,232163,486162,437162,277160,732158,296156,117153,681147,578
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
us-gaap:Revenues
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold
us-gaap:CostOfRevenue
Gross profit revenue less the cost of what it soldus-gaap:GrossProfit
Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense
Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Total operating expenses the running costs togetherus-gaap:OperatingExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest income (expense), net interest earned less interest paid, outside the businessus-gaap:InterestIncomeExpenseNonoperatingNet
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
SI Assistanton VEEV · research, not advice