Veeva Systems Inc. (VEEV) Stock

Veeva Systems Inc. (VEEV) is a Technology stock trading at $196.40 (as of 2026-07-17), with a market capitalization of $32.08B and a trailing P/E of 34.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Veeva Systems Inc. provides cloud-based software for the life sciences industry across multiple regions, offering the Veeva Commercial Cloud for commercial operations, including CRM, CLM, email, events, and related data and analytics capabilities. It also provides Veeva Vault for enterprise content and data management covering commercial and R&D functions, along with implementation and support services.

Understand Veeva Systems Inc.: how it makes money

Veeva Systems provides cloud-based software for the life sciences industry, selling subscription solutions and related professional services that include its Veeva Commercial Cloud (for example, Veeva CRM, Veeva CLM, and Veeva Data Cloud).

Veeva’s profit engine is recurring subscription revenue from its cloud software offerings, so operating performance is tightly linked to the level of subscription revenues rather than one-time professional services.

Revenue by segment (latest quarter)
Subs$0.7B
Other$0.1B

Business quality (Strong): High operating profitability is supported by a revenue mix dominated by subscription offerings, with risks if subscription momentum weakens or if services mix shifts.

Valuation: Trades at 33× trailing earnings · $29B market cap.

Bull case

  • Subscription-led model: A large share of revenue comes from subscription revenues and subscription services revenue.
  • Purpose-built platform: The product suite is focused on life sciences workflows (for example, Veeva CRM, Veeva Medical CRM, Veeva CLM, and Veeva Data Cloud).
  • Strong margins: The reported gross margin is 75.4% and operating margin is 29.7% for the period shown.

Bear case

  • Dependence on subscription revenue: If subscription revenues or subscription services revenue growth slows, total revenue and operating results may be pressured, since subscription is the dominant revenue category in the provided figures.
  • Services are a smaller, less predictable slice: Professional services and other revenue represent a smaller portion of the provided revenue breakdown, which can limit upside if services contribution changes unfavorably.
Valuation — source: SEC EDGAR (first-party)
Price$196.40
Market Cap$32.08B
P/E Ratio34.1
EV / EBITDA31.6
Price / Book4.39
Price / Sales9.66
DCF Value (model)$272.51
DCF Upside vs Price38.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$3.20B
Net Margin28.4%
Revenue Growth (YoY)16.3%
EPS Growth (YoY)14.3%
Financial Health — source: SEC EDGAR
Altman Z-Score13.13 (safe)
Valuation vs Sector & Industry
Stock P/E34.1
Sector P/E (Technology)34.7
Industry P/E (Business Services)30.7
vs Sector-1.8%
vs Industry10.9%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($3.43B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryBusiness Services
CEOPeter Gassner
Employees7,291
CountryUS
IPO Date2013-10-16

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VEEV earnings history · VEEV institutional & insider holders · VEEV KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.