Veeva Systems Inc. (VEEV) financial statements: income statement, balance sheet and cash flow
Veeva Systems Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jan 31, 2026 · FY), Veeva Systems Inc. reported revenue of $3.2B (+16.3% year on year) and net income of $908.9M (+27.3% year on year).
Income statement
Veeva Systems Inc. income statement, fiscal years
Line item
Jan 31, 2026 · FY
Jan 31, 2025 · FY
Jan 31, 2024 · FY
Jan 31, 2023 · FY
Total revenues
$3.2B
$2.7B
$2.4B
$2.2B
Total cost of revenues
$782.0M
$699.6M
$677.3M
$609.4M
Gross profit
$2.4B
$2.0B
$1.7B
$1.5B
Research and development
$767.4M
$693.1M
$629.0M
$520.3M
Sales and marketing
$428.8M
$396.7M
$381.5M
$348.7M
General and administrative
$300.7M
$265.7M
$246.5M
$217.6M
Total operating expenses
$1.5B
$1.4B
$1.3B
$1.1B
Operating income
$916.4M
$691.4M
$429.3M
$459.1M
Other income, net
$278.1M
$227.9M
$158.7M
$50.0M
Income before income taxes
$1.2B
$919.4M
$588.0M
$509.1M
Income tax provision
$285.6M
$205.2M
$62.3M
$21.4M
Net income
$908.9M
$714.1M
$525.7M
$487.7M
Basic (in usd per share)
$5.55
$4.41
$3.27
$3.14
Diluted (in usd per share)
$5.44
$4.32
$3.22
$3.00
Basic (in shares)
163.7M
161.9M
160.5M
155.4M
Diluted (in shares)
167.0M
165.2M
163.5M
162.4M
Net change in unrealized gain on available-for-sale investments
$17.4M
$4.1M
$22.0M
($14.9M)
Net change in cumulative foreign currency translation loss
($786.0K)
($1.9M)
($1.5M)
($4.3M)
Comprehensive income
$925.5M
$716.4M
$546.2M
$468.5M
Veeva Systems Inc. income statement, quarters
Line item
Jul 31, 2026 · Q2
Apr 30, 2026 · Q1
Oct 31, 2025 · Q3
Jul 31, 2025 · Q2
Total revenues
$928.0M
$882.9M
$811.2M
$789.1M
Total cost of revenues
$232.0M
$220.9M
$199.5M
$195.3M
Gross profit
$696.0M
$662.0M
$611.8M
$593.8M
Research and development
$222.9M
$208.3M
$191.9M
$192.7M
Sales and marketing
$126.7M
$111.1M
$110.6M
$109.4M
General and administrative
$71.3M
$69.5M
$68.5M
$95.8M
Total operating expenses
$420.9M
$388.9M
$370.9M
$397.9M
Operating income
$275.0M
$273.1M
$240.9M
$195.9M
Other income, net
$74.5M
$74.4M
$71.9M
$69.5M
Income before income taxes
$349.5M
$347.5M
$312.8M
$265.4M
Income tax provision
$76.1M
$86.6M
$76.6M
$65.1M
Net income
$273.4M
$260.9M
$236.2M
$200.3M
Basic (in usd per share)
$1.68
$1.60
$1.44
$1.23
Diluted (in usd per share)
$1.66
$1.57
$1.40
$1.19
Basic (in shares)
162.3M
163.3M
164.0M
163.5M
Diluted (in shares)
165.1M
166.0M
168.9M
167.7M
Net change in unrealized (loss) gain on available-for-sale investments
($26.5M)
($27.5M)
$12.3M
($11.3M)
Net change in cumulative foreign currency translation gain (loss)
$135.0K
($501.0K)
($372.0K)
$390.0K
Comprehensive income
$247.1M
$233.0M
$248.1M
$189.4M
Balance sheet
Veeva Systems Inc. balance sheet, fiscal years
Line item
Jan 31, 2026 · FY
Jan 31, 2025 · FY
Jan 31, 2024 · FY
Jan 31, 2023 · FY
Cash and cash equivalents
$1.4B
$1.1B
$703.5M
$886.5M
Short-term investments
$5.1B
$4.0B
$3.3B
$2.2B
Accounts receivable, net of allowance for credit losses of $256 and $57, respectively
$1.3B
$1.0B
$852.2M
$703.1M
Unbilled accounts receivable
$50.6M
$40.8M
$36.4M
$82.2M
Prepaid expenses and other current assets
$126.5M
$101.5M
$86.9M
$81.5M
Total current assets
$8.0B
$6.3B
$5.0B
$4.0B
Property and equipment, net
$70.3M
$55.9M
$58.5M
$49.8M
Deferred costs, net
$30.0M
$26.4M
$23.9M
$31.8M
Lease right-of-use assets
$75.6M
$63.9M
$45.6M
$55.3M
Goodwill
$439.9M
$439.9M
$439.9M
$439.9M
Intangible assets, net
$30.3M
$44.5M
$63.0M
$82.5M
Deferred income taxes
$273.4M
$343.9M
$233.5M
$136.7M
Other long-term assets
$62.3M
$56.5M
$43.3M
$39.0M
Total assets
$9.0B
$7.3B
$5.9B
$4.8B
Accounts payable
$37.6M
$30.4M
$31.5M
$41.7M
Accrued compensation and benefits
$45.9M
$39.4M
$43.4M
$44.3M
Accrued expenses and other current liabilities
$45.9M
$35.6M
$33.0M
$35.3M
Income tax payable
$6.7M
$9.0M
$11.9M
$4.9M
Deferred revenue
$1.5B
$1.3B
$1.0B
$869.3M
Lease liabilities
$12.2M
$10.0M
$9.3M
$11.3M
Total current liabilities
$1.6B
$1.4B
$1.2B
$1.0B
Deferred income taxes
$558.0K
$587.0K
$2.1M
$1.5M
Long-term lease liabilities
$83.7M
$65.8M
$46.4M
$49.7M
Other long-term liabilities
$43.3M
$42.6M
$38.7M
$30.1M
Total liabilities
$1.8B
$1.5B
$1.3B
$1.1B
Common stock
$2.0K
$2.0K
$2.0K
$2.0K
Additional paid-in capital
$2.8B
$2.4B
$1.9B
$1.5B
Accumulated other comprehensive income (loss)
$8.2M
($8.4M)
($10.6M)
($31.1M)
Retained earnings
$4.4B
$3.5B
$2.7B
$2.2B
Total stockholders’ equity
$7.2B
$5.8B
$4.6B
$3.7B
Total liabilities and stockholders’ equity
$9.0B
$7.3B
$5.9B
$4.8B
Veeva Systems Inc. balance sheet, quarters
Line item
Jul 31, 2026
Apr 30, 2026
Oct 31, 2025
Jul 31, 2025
Cash and cash equivalents
$1.8B
$1.9B
$1.7B
$1.9B
Short-term investments
$5.4B
$5.4B
$5.0B
$4.5B
Accounts receivable, net of allowance for credit losses of $97 and $256, respectively
$496.7M
$568.0M
$314.2M
$422.1M
Unbilled accounts receivable
$69.0M
$59.8M
$57.5M
$50.3M
Prepaid expenses and other current assets
$137.6M
$122.8M
$102.8M
$118.5M
Total current assets
$7.9B
$8.1B
$7.1B
$7.0B
Property and equipment, net
$79.5M
$73.5M
$66.1M
$61.2M
Deferred costs, net
$27.8M
$28.7M
$25.3M
$25.9M
Lease right-of-use assets
$129.3M
$82.1M
$73.8M
$71.5M
Goodwill
$493.0M
$488.2M
$439.9M
$439.9M
Intangible assets, net
$55.6M
$55.5M
$32.6M
$36.4M
Deferred income taxes
$268.3M
$272.7M
$287.0M
$309.6M
Other long-term assets
$60.5M
$65.7M
$60.5M
$60.2M
Total assets
$9.1B
$9.1B
$8.1B
$8.0B
Accounts payable
$36.0M
$40.7M
$32.7M
$33.6M
Accrued compensation and benefits
$42.2M
$52.6M
$41.5M
$40.6M
Accrued expenses and other current liabilities
$49.6M
$51.0M
$31.7M
$58.8M
Income tax payable
$3.0M
$67.9M
$6.0M
$3.7M
Deferred revenue
$1.3B
$1.5B
$822.5M
$1.1B
Lease liabilities
$14.6M
$13.1M
$10.5M
$10.7M
Total current liabilities
$1.5B
$1.7B
$944.9M
$1.3B
Deferred income taxes
$2.1M
$1.1M
$367.0K
$439.0K
Long-term lease liabilities
$137.1M
$89.9M
$79.3M
$74.8M
Other long-term liabilities
$33.7M
$32.4M
$32.0M
$30.6M
Total liabilities
$1.6B
$1.8B
$1.1B
$1.4B
Common stock
$2.0K
$2.0K
$2.0K
$2.0K
Additional paid-in capital
$2.6B
$2.7B
$2.9B
$2.8B
Accumulated other comprehensive (loss) income
($46.1M)
($19.8M)
$9.9M
($2.0M)
Retained earnings
$4.9B
$4.6B
$4.1B
$3.9B
Total stockholders’ equity
$7.4B
$7.3B
$7.0B
$6.6B
Total liabilities and stockholders’ equity
$9.1B
$9.1B
$8.1B
$8.0B
Cash flow statement
Veeva Systems Inc. cash flow statement, fiscal years
Line item
Jan 31, 2026 · FY
Jan 31, 2025 · FY
Jan 31, 2024 · FY
Jan 31, 2023 · FY
Net income
$908.9M
$714.1M
$525.7M
$487.7M
Depreciation and amortization
$38.0M
$39.4M
$32.6M
$29.1M
Reduction of lease right-of-use assets
$12.5M
$11.5M
$11.7M
$12.2M
Accretion of discount on short-term investments
($9.7M)
($24.4M)
($26.5M)
($3.6M)
Stock-based compensation
$472.7M
$437.4M
$393.7M
$351.9M
Amortization of deferred costs
$16.4M
$15.5M
$18.2M
$22.1M
Deferred income taxes
$65.1M
($112.3M)
($105.4M)
($127.5M)
Other, net
$3.3M
$1.2M
—
—
Accounts receivable
($244.7M)
($164.6M)
($149.8M)
($72.2M)
Unbilled accounts receivable
($9.8M)
($4.4M)
$45.8M
($18.9M)
Deferred costs
($20.0M)
($18.0M)
($10.3M)
($20.8M)
Prepaid expenses and other current and long-term assets
($33.8M)
($17.5M)
$414.0K
($47.4M)
Accounts payable
$6.1M
($2.0M)
($10.2M)
$21.4M
Accrued expenses and other current liabilities
$3.0M
($1.4M)
($4.2M)
$9.3M
Income tax payable
($2.3M)
($2.8M)
$6.9M
($2.8M)
Deferred revenue
$213.1M
$227.8M
$188.2M
$140.5M
Lease liabilities
($5.8M)
($9.8M)
($6.9M)
($10.6M)
Other long-term liabilities
$2.5M
$246.0K
$956.0K
$8.9M
Net cash provided by operating activities
$1.4B
$1.1B
$911.3M
$780.5M
Purchases of short-term investments
($3.1B)
($2.6B)
($2.7B)
($2.0B)
Maturities and sales of short-term investments
$2.1B
$1.9B
$1.6B
$1.0B
Long-term assets
($29.1M)
($20.5M)
($26.2M)
($13.5M)
Net cash used in investing activities
($1.1B)
($700.1M)
($1.1B)
($1.0B)
Proceeds from exercise of common stock options
$253.9M
$105.5M
$62.7M
$43.7M
Repurchases of common stock
($169.9M)
—
—
—
Taxes paid related to net share settlement of equity awards
($93.2M)
($79.4M)
($78.9M)
($63.0M)
Net cash (used in) provided by financing activities
($9.3M)
$26.1M
($16.2M)
($19.4M)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
$919.0K
($1.7M)
($1.8M)
($5.0M)
Net change in cash, cash equivalents, and restricted cash
$302.4M
$414.3M
($183.0M)
($251.6M)
Cash, cash equivalents, and restricted cash at beginning of period
$1.1B
$706.7M
$889.6M
$1.1B
Cash and cash equivalents
$1.4B
$1.1B
$703.5M
$886.5M
Restricted cash included in other long-term assets
$2.2M
$2.2M
$3.2M
$3.2M
Total cash, cash equivalents, and restricted cash at end of period
$1.4B
$1.1B
$706.7M
—
Cash paid for income taxes, net of refunds
$230.0M
$322.0M
$134.5M
$168.0M
Excess tax benefits from employee stock plans
$25.3M
$8.9M
$71.0M
$82.0M
Veeva Systems Inc. cash flow statement, quarters
Line item
Jul 31, 2026 · YTD
Apr 30, 2026 · Q1
Oct 31, 2025 · YTD
Jul 31, 2025 · YTD
Net income
$534.4M
$260.9M
$664.7M
$428.5M
Depreciation and amortization
$22.5M
$11.6M
$29.7M
$19.9M
Reduction of lease right-of-use assets
$7.0M
$3.3M
$9.4M
$6.3M
Accretion of discount on short-term investments
($2.8M)
($1.8M)
($6.6M)
($4.5M)
Stock-based compensation
$256.1M
$119.3M
$354.4M
$234.2M
Amortization of deferred costs
$9.8M
$4.9M
$12.2M
$8.2M
Deferred income taxes
$26.5M
$14.3M
$50.2M
$31.7M
Other, net
($1.1M)
($1.8M)
($562.0K)
($1.4M)
Accounts receivable
$768.3M
$696.6M
$701.0M
$593.0M
Unbilled accounts receivable
($18.4M)
($9.1M)
($16.8M)
($9.6M)
Deferred costs
($7.7M)
($3.6M)
($11.1M)
($7.7M)
Prepaid expenses and other current and long-term assets
($21.4M)
($8.0M)
($6.8M)
($21.2M)
Accounts payable
($652.0K)
$4.5M
$3.2M
$3.4M
Accrued expenses and other current liabilities
($1.6M)
$8.9M
($3.3M)
$23.8M
Income tax payable
($3.9M)
$61.2M
($3.0M)
($5.4M)
Deferred revenue
($200.0M)
($33.0M)
($466.1M)
($180.9M)
Lease liabilities
($4.4M)
($2.5M)
($6.2M)
($5.3M)
Other long-term liabilities
$3.3M
$1.3M
$4.0M
$2.6M
Net cash provided by operating activities
$1.4B
$1.1B
$1.3B
$1.1B
Purchases of short-term investments
($1.7B)
($982.3M)
($2.4B)
($1.5B)
Maturities and sales of short-term investments
$1.3B
$670.8M
$1.5B
$1.0B
Long-term assets
($9.8M)
($1.8M)
($22.1M)
($12.2M)
Acquisitions, net of cash acquired
($81.8M)
($75.5M)
—
—
Net cash used in investing activities
($452.3M)
($388.7M)
($936.6M)
($441.4M)
Proceeds from exercise of common stock options
$17.1M
$2.9M
$240.0M
$182.3M
Repurchases of common stock
($472.7M)
($226.9M)
—
—
Taxes paid related to net share settlement of equity awards
($66.3M)
($38.5M)
($71.3M)
($46.2M)
Net cash (used in) provided by financing activities
($521.8M)
($262.5M)
$168.7M
$136.1M
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
($831.0K)
($532.0K)
$871.0K
$1.4M
Net change in cash, cash equivalents, and restricted cash
$390.9M
$475.3M
$541.4M
$811.6M
Cash, cash equivalents, and restricted cash at beginning of period
$1.4B
$1.4B
$1.1B
$1.1B
Cash, cash equivalents, and restricted cash at end of period
$1.8B
$1.9B
$1.7B
$1.9B
Cash and cash equivalents
$1.8B
$1.9B
$1.7B
$1.9B
Restricted cash included in other long-term assets
$2.3M
$2.2M
$2.2M
$2.2M
Total cash, cash equivalents, and restricted cash at end of period
$1.8B
$1.9B
$1.7B
$1.9B
Cash paid for income taxes, net of refunds
$151.5M
$7.2M
$164.9M
$126.7M
Excess tax (deficiency) benefit from employee stock plans