Veeva Systems Inc.

VEEVNYSE

$321.81

Last price · USD

Market cap: $53.74B
P/E: 59.2x
EV / EBITDA: 42.1x
P/S: 16.8x
FCF yield: 2.6%
Div. yield: 0.00%

Multiples use last price and FY2026 annual figures. Market cap estimated from diluted shares.

Veeva Systems Inc. balance sheet

Annual · USD millions except per-share data · 42 lines

Fiscal year	2026latest	2025	2024	2023	2022	CAGR
Current assets
Cash & cash equivalents	1,421	1,119	703	886	1,138	+5.7%
Short-term investments	5,140	4,031	3,324	2,216	1,238	+42.7%
Cash & short-term investments	6,561	5,150	4,028	3,103	2,376	+28.9%
Net receivables	1,310	1,057	889	785	694	+17.2%
Accounts receivable	1,260	1,016	852	703	631	+18.9%
Other receivables	51	41	36	82	63	-5.4%
Prepaids	0	0	0	0	37	—
Other current assets	126	101	87	81	0	—
Total current assets	7,998	6,309	5,003	3,969	3,107	+26.7%
Non-current assets
Property, plant & equipment (net)	146	120	104	105	104	+8.8%
Goodwill	440	440	440	440	440	0.0%
Intangible assets	30	44	63	82	102	-26.2%
Goodwill & intangible assets	470	484	503	522	542	-3.5%
Tax assets	273	344	233	137	5	+170.6%
Other non-current assets	92	83	67	71	58	+12.2%
Total non-current assets	982	1,031	908	835	709	+8.5%
Total assets	8,979	7,340	5,911	4,804	3,816	+23.8%
Current liabilities
Accounts payable	38	30	32	42	20	+16.6%
Other payables	7	37	40	37	34	-33.1%
Total payables	44	67	71	79	54	-4.7%
Capital lease obligations (current)	12	10	9	11	11	+2.6%
Tax payables	7	9	19	5	8	-3.6%
Deferred revenue	1,489	1,274	1,050	869	732	+19.4%
Other current liabilities	46	19	20	17	16	+30.5%
Total current liabilities	1,637	1,398	1,179	1,007	841	+18.1%
Non-current liabilities
Capital lease obligations (non-current)	84	66	46	50	44	+17.7%
Deferred tax liabilities (non-current)	1	1	2	1	2	-29.2%
Other non-current liabilities	43	43	39	30	18	+24.1%
Total non-current liabilities	128	109	87	81	64	+18.8%
Capital lease obligations	96	76	56	61	55	+15.1%
Total debt	96	76	56	61	55	+15.1%
Total liabilities	1,765	1,507	1,266	1,088	905	+18.2%
Stockholders' equity
Common stock	0	0	0	0	0	0.0%
Retained earnings	4,364	3,455	2,740	2,215	1,727	+26.1%
Additional paid-in capital	2,843	2,386	1,915	1,533	1,197	+24.2%
Accumulated other comprehensive income (loss)	8	(8)	(11)	(31)	(12)	—
Total stockholders' equity	7,215	5,832	4,645	3,716	2,912	+25.5%
Total equity	7,215	5,832	4,645	3,716	2,912	+25.5%
Total liabilities & equity	8,979	7,340	5,911	4,804	3,816	+23.8%
Additional fields
Accrued Expenses	46	28	29	31	28	+12.7%
Net Debt	(1,325)	(1,043)	(648)	(825)	(1,083)	—
Total Investments	5,140	4,031	3,324	2,216	1,238	+42.7%

Veeva Systems Inc.

VEEVNYSE

$321.81

Last price · USD

Market cap: $53.74B
P/E: 59.2x
EV / EBITDA: 42.1x
P/S: 16.8x
FCF yield: 2.6%
Div. yield: 0.00%

Multiples use last price and FY2026 annual figures. Market cap estimated from diluted shares.

Veeva Systems Inc. balance sheet

Annual · USD millions except per-share data · 42 lines

Fiscal year	2026latest	2025	2024	2023	2022	CAGR
Current assets
Cash & cash equivalents	1,421	1,119	703	886	1,138	+5.7%
Short-term investments	5,140	4,031	3,324	2,216	1,238	+42.7%
Cash & short-term investments	6,561	5,150	4,028	3,103	2,376	+28.9%
Net receivables	1,310	1,057	889	785	694	+17.2%
Accounts receivable	1,260	1,016	852	703	631	+18.9%
Other receivables	51	41	36	82	63	-5.4%
Prepaids	0	0	0	0	37	—
Other current assets	126	101	87	81	0	—
Total current assets	7,998	6,309	5,003	3,969	3,107	+26.7%
Non-current assets
Property, plant & equipment (net)	146	120	104	105	104	+8.8%
Goodwill	440	440	440	440	440	0.0%
Intangible assets	30	44	63	82	102	-26.2%
Goodwill & intangible assets	470	484	503	522	542	-3.5%
Tax assets	273	344	233	137	5	+170.6%
Other non-current assets	92	83	67	71	58	+12.2%
Total non-current assets	982	1,031	908	835	709	+8.5%
Total assets	8,979	7,340	5,911	4,804	3,816	+23.8%
Current liabilities
Accounts payable	38	30	32	42	20	+16.6%
Other payables	7	37	40	37	34	-33.1%
Total payables	44	67	71	79	54	-4.7%
Capital lease obligations (current)	12	10	9	11	11	+2.6%
Tax payables	7	9	19	5	8	-3.6%
Deferred revenue	1,489	1,274	1,050	869	732	+19.4%
Other current liabilities	46	19	20	17	16	+30.5%
Total current liabilities	1,637	1,398	1,179	1,007	841	+18.1%
Non-current liabilities
Capital lease obligations (non-current)	84	66	46	50	44	+17.7%
Deferred tax liabilities (non-current)	1	1	2	1	2	-29.2%
Other non-current liabilities	43	43	39	30	18	+24.1%
Total non-current liabilities	128	109	87	81	64	+18.8%
Capital lease obligations	96	76	56	61	55	+15.1%
Total debt	96	76	56	61	55	+15.1%
Total liabilities	1,765	1,507	1,266	1,088	905	+18.2%
Stockholders' equity
Common stock	0	0	0	0	0	0.0%
Retained earnings	4,364	3,455	2,740	2,215	1,727	+26.1%
Additional paid-in capital	2,843	2,386	1,915	1,533	1,197	+24.2%
Accumulated other comprehensive income (loss)	8	(8)	(11)	(31)	(12)	—
Total stockholders' equity	7,215	5,832	4,645	3,716	2,912	+25.5%
Total equity	7,215	5,832	4,645	3,716	2,912	+25.5%
Total liabilities & equity	8,979	7,340	5,911	4,804	3,816	+23.8%
Additional fields
Accrued Expenses	46	28	29	31	28	+12.7%
Net Debt	(1,325)	(1,043)	(648)	(825)	(1,083)	—
Total Investments	5,140	4,031	3,324	2,216	1,238	+42.7%