TORVANTA
Health Care · S&P 500 · data as of 2026-10-05

VEEV stock analysis: Veeva Systems

Veeva Systems (VEEV) is an S&P 500 company in Health Care Technology. It grades weakest on value.

The model's view of VEEV · subscribers

Where VEEV ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with VEEV · updated 2026-10-05 · from prices and SEC filings

VEEV price performance

VEEV against the S&P 500, one year
-40%-20%+0%+20%S&P 500 +18%VEEV -3%2025-09-292026-10-05
Year to date+27.0%S&P 500 +14.5% · ahead by 12.5 pts
1 year-4.3%S&P 500 +17.0% · behind by 21.4 pts
3 years+40.7%S&P 500 +89.3% · behind by 48.5 pts
5 years+1.2%S&P 500 +91.3% · behind by 90.1 pts

Total returns with dividends reinvested.

VEEV factor grades

Each grade compares VEEV with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

DValueP/E 46.4x (sector 25.5x)FCF yield 3.6% (sector 4.8%)
B+GrowthRevenue growth +17% (sector +7%)EPS growth +26% (sector +12%)
B+ProfitabilityOperating margin 29.9% (sector 14.1%)ROIC 14.1% (sector 10.8%)
B-Momentum12-month change -4%From 52-wk high -7%

VEEV in plain numbers

VEEV key statistics

SectorHealth Care
IndustryHealth Care Technology
IndexS&P 500
Market value$45.9B
Revenue growth (y/y)+16%
Free-cash-flow yield3.6%
Dividend yieldn/a
Next earnings (expected)2026-11-19
Valuation measures
Market value$45.9B
Enterprise value$44.1B
P/E (trailing)46.4x
Forward P/E (Torvanta estimate)41.9x
PEG (Torvanta estimate)3.88
Price / sales13.3x
Price / book6.2x
EV / revenue12.7x
EV / EBITDA42.6x
Financial highlights
Revenue, last 12 months$3.5B
Net income, last 12 months$1.0B
EPS, last 12 months (GAAP)$6.11
Gross margin75.0%
Operating margin29.9%
Net margin29.3%
Return on equity14.4%
Return on invested capital14.1%
Cash$1.8B
Total debt$0
Current ratio5.46x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

VEEV earnings trends

Revenue vs earnings
$0$232.0M$464.0M$696.0M$928.0MOct 2024 Revenue: $699.2MJan 2025 Revenue: $720.9MApr 2025 Revenue: $759.0MJul 2025 Revenue: $789.1MOct 2025 Revenue: $811.2MJan 2026 Revenue: $836.0MApr 2026 Revenue: $882.9MJul 2026 Revenue: $928.0MOct 2024 Net income: $185.8MJan 2025 Net income: $195.6MApr 2025 Net income: $228.2MJul 2025 Net income: $200.3MOct 2025 Net income: $236.2MJan 2026 Net income: $244.2MApr 2026 Net income: $260.9MJul 2026 Net income: $273.4MOct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026Jul 2026Net margin: 26.6%Net margin: 27.1%Net margin: 30.1%Net margin: 25.4%Net margin: 29.1%Net margin: 29.2%Net margin: 29.6%Net margin: 29.5%0%15%30%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.4$0.8$1.2$1.7Oct 2024 EPS (GAAP, diluted): $1.1Jan 2025 EPS (GAAP, diluted): $1.2Apr 2025 EPS (GAAP, diluted): $1.4Jul 2025 EPS (GAAP, diluted): $1.2Oct 2025 EPS (GAAP, diluted): $1.4Jan 2026 EPS (GAAP, diluted): $1.5Apr 2026 EPS (GAAP, diluted): $1.6Jul 2026 EPS (GAAP, diluted): $1.7Oct 2024Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026Jul 2026■ EPS (GAAP, diluted) Change from a year earlier: Oct 2025 +24% · Jan 2026 +26% · Apr 2026 +15% · Jul 2026 +40%

From the company's 10-Q and 10-K filings with the SEC.

Veeva Systems financials (from SEC filings)

Fiscal yearFY2022FY2023FY2024FY2025FY2026
Revenue$1.9B$2.2B$2.4B$2.7B$3.2B
Net income$427.4M$487.7M$525.7M$714.1M$908.9M
EPS (GAAP)$2.63$3.01$3.22$4.32$5.44

VEEV earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-26$1.66+40%+18%+13.6%
2026-06-03$1.57+15%+16%-2.0%
2026-03-04$1.48+26%+16%+5.3%
2025-11-20$1.40+24%+16%-10.1%
2025-08-27$1.19+14%+17%-5.5%
2025-05-28$1.37+40%+17%+17.4%

About Veeva Systems

HeadquartersPleasanton, CA
Industry (SEC code)Services-Prepackaged Software
Fiscal year endsJanuary 31
Incorporated inDE
Listed onNYSE
FormerlyVERTICALS ONDEMAND INC

From the company's SEC registration record.

Companies similar to VEEV

CompanyMarket valueP/ERevenue growthOperating margin12-month change
VEEV Veeva Systems$45.9B46.4x+17%29.9%-4%
IQV IQVIA$44.4B33.0x+7%13.2%+29%compare
ILMN Illumina, Inc.$44.3B54.8x+5%19.6%+188%compare
A Agilent$48.3B33.8x+9%22.2%+22%compare
HUM Humana$48.5B43.1x+14%1.8%+44%
WAT Waters$43.2B109.8x+55%7.1%+34%
BDX Becton Dickinson$49.2B54.4x-3%9.6%+22%

All Health Care stock ratings

Frequently asked questions

Is VEEV stock a buy?

Torvanta does not tell individuals what to buy. Its grades for VEEV are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is VEEV's P/E ratio?

VEEV trades at about 46.4 times its last 12 months of GAAP earnings reported to the SEC, and about 41.9 times Torvanta's own estimate of the next 12 months.

When does VEEV report earnings next?

Based on its filing history, Torvanta expects Veeva Systems to report around 2026-11-19.

How has VEEV performed against the S&P 500?

Over the past year VEEV returned -4.3%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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