TTM
15.6%
YoY change
+4.44pp
Trough year (2012)
6.7%
Peak year (2026)
43.4%
Latest annual
43.4%
FCF Margin history chart for Veeva Systems (VEEV) from 2011 to 2026
Latest: 43.4%
FCF Margin change chart for Veeva Systems (VEEV) from 2011 to 2026
Latest: +4.44pp
FCF Margin history table for Veeva Systems (VEEV) from 2011 to 2026
| 2026 | 43.4% | +4.44pp | ||
| 2025 | 38.9% | +1.49pp | ||
| 2024 | 37.4% | +1.86pp | ||
| 2023 | 35.6% | -4.95pp | ||
| 2022 | 40.5% | +3.50pp | ||
| 2021 | 37.0% | -2.30pp | ||
| 2020 | 39.3% | +4.26pp | ||
| 2019 | 35.1% | +2.66pp | ||
| 2018 | 32.4% | +7.21pp | ||
| 2017 | 25.2% | +10.78pp | ||
| 2016 | 14.4% | +1.31pp | ||
| 2015 | 13.1% | -5.88pp | ||
| 2014 | 19.0% | -4.05pp | ||
| 2013 | 23.0% | +16.36pp | ||
| 2012 | 6.7% | -8.70pp | ||
| 2011 | 15.4% | — |
- 202643.4%+4.44pp
- 202538.9%+1.49pp
- 202437.4%+1.86pp
- 202335.6%-4.95pp
- 202240.5%+3.50pp
- 202137.0%-2.30pp
- 202039.3%+4.26pp
- 201935.1%+2.66pp
- 201832.4%+7.21pp
- 201725.2%+10.78pp
- 201614.4%+1.31pp
- 201513.1%-5.88pp
- 201419.0%-4.05pp
- 201323.0%+16.36pp
- 20126.7%-8.70pp
- 201115.4%—
FCF Margin values are taken from Veeva Systems's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at Veeva Systems (VEEV)
According to Veeva Systems's latest reported financial statements, the company's latest reported free cash flow margin is 15.6%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Veeva Systems (VEEV) most recent annual free cash flow margin stands at 43.38% (2026) – expanded 4.4 percentage points year-over-year.
43.38% stands as the all-time-high annual free cash flow margin, posted in 2026, against a low of 6.67% during 2012.
Veeva Systems FCF Margin by Year
Veeva Systems FCF Margin 2026: 43.4%
In 2026, Veeva Systems reported free cash flow margin of 43.38%, expanded 4.4 percentage points from 2025. This figure represents the highest annual value in the available history.
Veeva Systems FCF Margin 2025: 38.9%
Veeva Systems free cash flow margin in 2025 was 38.94%, expanded 1.5 percentage points from 2024.
Veeva Systems FCF Margin 2024: 37.4%
2024's free cash flow margin for Veeva Systems came in at 37.45%, expanded 1.9 percentage points from 2023.
Veeva Systems FCF Margin 2023: 35.6%
Veeva Systems posted free cash flow margin of 35.59% in 2023, contracted 4.9 percentage points from 2022.
Veeva Systems FCF Margin 2022: 40.5%
Veeva Systems free cash flow margin in 2022 was 40.54%.
See more financial history for Veeva Systems (VEEV).
Sector peers by FCF Margin
Healthcare peers of Veeva Systems (VEEV), ranked by their latest free cash flow margin
| 33.2% | |
| 23.1% | |
| 21.5% | |
| 18.8% | |
| 18.4% | |
| 15.1% | |
| 9.4% | |
| 4.4% |
- 33.2%
- 23.1%
- 21.5%
- 18.8%
- 15.1%
Frequently asked questions
Veeva Systems (VEEV) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation