VEEVA SYSTEMS INC (VEEV) closed fiscal year 2026 with a gross margin of 75.5 % and a net margin of 28.4 %.
VEEVA SYSTEMS INC (VEEV) closed fiscal year 2026 with a gross margin of 75.5 % and a net margin of 28.4 %. The same year shows an EBITDA margin of 30.3 % and an EBIT margin of 28.7 %. The free cash flow margin was 44.3 %. Against the previous year the gross margin moved +1.0 pp and the net margin +2.4 pp. Across the period the gross margin ranges between 52.6 % in 2012 and 75.5 % in 2026. The series covers 15 fiscal years, from 2012 to 2026. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: January
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 52.57 % | 55.99 % | 60.69 % | 63.07 % | 65.25 % | 68.45 % | 69.38 % | 71.55 % | 72.52 % | 72.09 % | 72.79 % | 71.72 % | 71.35 % | 74.53 % | 75.53 % |
| EBITDA margin (%) | 11.50 % | 23.79 % | 19.85 % | 23.59 % | 21.27 % | 24.43 % | 24.94 % | 27.48 % | 27.72 % | 29.78 % | 30.20 % | 23.81 % | 20.60 % | 27.30 % | 30.31 % |
| EBIT margin (%) | 10.84 % | 23.18 % | 18.70 % | 22.34 % | 19.20 % | 21.92 % | 22.87 % | 25.85 % | 25.92 % | 25.79 % | 27.31 % | 21.30 % | 18.16 % | 25.17 % | 28.68 % |
| Net margin (%) | 6.90 % | 14.50 % | 11.24 % | 12.89 % | 13.31 % | 14.09 % | 21.89 % | 26.66 % | 27.27 % | 25.94 % | 23.09 % | 22.63 % | 22.24 % | 26.00 % | 28.44 % |
| FCF margin (%) | 6.67 % | 23.03 % | 18.98 % | 13.10 % | 14.42 % | 24.90 % | 32.41 % | 35.07 % | 39.33 % | — | — | 36.22 % | 38.56 % | 39.69 % | 44.29 % |
