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. cash flow statement
Annual · USD millions except per-share data · 31 lines
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | 909 | 714 | 526 | 488 | 427 | +20.8% | |
| Depreciation & amortization | 50 | 39 | 37 | 38 | 37 | +8.1% | |
| Deferred income tax | 65 | (112) | (105) | (128) | 11 | +55.7% | |
| Stock-based compensation | 473 | 0 | 0 | 0 | 0 | — | |
| Change in working capital | (92) | 8 | 61 | 7 | 21 | — | |
| Accounts receivables | (255) | (169) | (104) | (91) | (83) | — | |
| Accounts payables | 6 | (2) | (10) | 21 | (3) | — | |
| Other working capital | 157 | 179 | 175 | 77 | 107 | +10.0% | |
| Other non-cash items | 10 | 441 | 393 | 375 | 268 | -56.1% | |
| Net cash from operating activities | 1,415 | 1,090 | 911 | 780 | 764 | +16.6% | |
| Operating cash flow | 1,415 | 1,090 | 911 | 780 | 764 | +16.6% | |
| Investing activities | |||||||
| Investments in PP&E | (29) | (21) | (26) | (14) | (14) | — | |
| Capital expenditure | (29) | (21) | (26) | (14) | (14) | — | |
| Acquisitions, net | 0 | 0 | 0 | 0 | (8) | — | |
| Purchases of investments | (3,133) | (2,582) | (2,698) | (1,997) | (1,117) | — | |
| Sales / maturities of investments | 2,058 | 1,902 | 1,648 | 1,003 | 793 | +26.9% | |
| Net cash from investing activities | (1,104) | (700) | (1,076) | (1,008) | (346) | — | |
| Financing activities | |||||||
| Net debt issuance | 0 | 0 | 0 | 0 | -0 | — | |
| Long-term net debt issuance | 0 | 0 | 0 | 0 | -0 | — | |
| Net stock issuance | 84 | 106 | 63 | 44 | 52 | +13.0% | |
| Common stock issuance | 254 | 106 | 63 | 44 | 52 | +49.0% | |
| Common stock repurchased | (170) | 0 | 0 | 0 | 0 | — | |
| Net common stock issuance | 84 | 106 | 63 | 44 | 52 | +13.0% | |
| Other financing activities | (93) | (79) | (79) | (63) | (55) | — | |
| Net cash from financing activities | (9) | 26 | (16) | (19) | (4) | — | |
| Cash summary | |||||||
| Effect of forex changes on cash | 1 | (2) | (2) | (5) | (5) | — | |
| Net change in cash | 302 | 414 | (183) | (252) | 410 | -7.3% | |
| Cash at beginning of period | 1,121 | 707 | 890 | 1,141 | 732 | +11.3% | |
| Cash at end of period | 1,423 | 1,121 | 707 | 890 | 1,141 | +5.7% | |
| Free cash flow | 1,386 | 1,070 | 885 | 767 | 750 | +16.6% | |
| Income taxes paid | 230 | 322 | 134 | 168 | 59 | +40.7% | |