How Veeva Systems (VEEV) Makes Money: A Visual Guide
Veeva Systems (VEEV) generated $3.20B in revenue, earning $908.91M in net profit (28.4% margin). Its largest revenue source is Subscription Services Veeva Commercial Cloud (55% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.
In TTM through Q1 2026, Veeva Systems (VEEV) generated revenue across 4 reportable product segments; the largest contributor was Subscription Services Veeva Commercial Cloud at 55%, followed by Subscription Services Veeva Research And Development (29.8%) and Professional Services Veeva Commercial Cloud (8.3%). Geographically, North America accounted for 60.9% of revenue, followed by Europe (30.1%) and Asia Pacific (9%).
Veeva Systems (VEEV) Income Statement Flow — TTM through Q1 2026
Calculated from the four most recent reported quarters, ending .
Veeva Systems (VEEV) Revenue by Product Segment — TTM through Q1 2026
Revenue contribution by product segment for Veeva Systems (VEEV) in TTM through Q1 2026.
Subscription Services Veeva Commercial Cloud
- Revenue
- $1.76B
- % of total
- 55%
Subscription Services Veeva Research And Development
- Revenue
- $951.16M
- % of total
- 29.8%
Professional Services Veeva Commercial Cloud
- Revenue
- $264.40M
- % of total
- 8.3%
Professional Services Veeva Research And Development
- Revenue
- $223.33M
- % of total
- 7%
Total
- Revenue
- $3.20B
- % of total
- 100%
| Segment | Revenue | % of total |
|---|---|---|
| Subscription Services Veeva Commercial Cloud | $1.76B | 55% |
| Subscription Services Veeva Research And Development | $951.16M | 29.8% |
| Professional Services Veeva Commercial Cloud | $264.40M | 8.3% |
| Professional Services Veeva Research And Development | $223.33M | 7% |
| Total | $3.20B | 100% |
Veeva Systems (VEEV) Revenue by Geography — FY 2026 (period end January 31, 2026)
Quarterly geographic data is unavailable for this period, so the table reflects the company's last annual disclosure (FY 2026 (period end January 31, 2026)). The income statement above uses TTM through Q1 2026, so regional dollars and percentages will not match line-for-line.
Revenue contribution by geographic region for Veeva Systems (VEEV), FY 2026 (period end January 31, 2026).
North America
- Revenue
- $1.90B
- % of total
- 60.9%
Europe
- Revenue
- $939.63M
- % of total
- 30.1%
Asia Pacific
- Revenue
- $280.16M
- % of total
- 9%
Total
- Revenue
- $3.12B
- % of total
- 100%
| Region | Revenue | % of total |
|---|---|---|
| North America | $1.90B | 60.9% |
| Europe | $939.63M | 30.1% |
| Asia Pacific | $280.16M | 9% |
| Total | $3.12B | 100% |
Frequently asked questions
How does Veeva Systems (VEEV) make money?
Veeva Systems (VEEV) primarily makes money through Subscription Services Veeva Commercial Cloud, which accounts for 55% of total revenue. For TTM through Q1 2026, Veeva Systems generated $3.20B in total revenue with a net profit margin of 28.4%.
What is Veeva Systems (VEEV) gross profit margin?
Veeva Systems (VEEV) reported a gross profit margin of 75.5% for TTM through Q1 2026, equivalent to $2.41B in gross profit. This means Veeva Systems retains 75.5% of each revenue unit after direct costs of production.
What is Veeva Systems (VEEV) operating profit margin?
Veeva Systems (VEEV) reported an operating profit margin of 28.7% for TTM through Q1 2026, equivalent to $916.37M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Veeva Systems (VEEV) net profit margin?
Veeva Systems (VEEV) reported a net profit margin of 28.4% for TTM through Q1 2026, equivalent to $908.91M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Veeva Systems (VEEV) invest in R&D?
Veeva Systems (VEEV) invested $767.39M in research and development in TTM through Q1 2026 (24.0% of total revenue). R&D spending reflects investment in future products, services, and technologies.
How much does Veeva Systems (VEEV) spend on capital expenditures?
Veeva Systems (VEEV) spent $25.55M on capital expenditures in TTM through Q1 2026 (0.8% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Veeva Systems (VEEV) free cash flow?
Veeva Systems (VEEV) generated $1.39B in free cash flow for TTM through Q1 2026 (43.5% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Veeva Systems (VEEV) effective tax rate?
Veeva Systems (VEEV) had an effective tax rate of 23.9% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.
What are Veeva Systems (VEEV) main revenue segments?
Veeva Systems (VEEV) reports revenue across 4 reportable product segments, led by Subscription Services Veeva Commercial Cloud at 55% of total revenue in TTM through Q1 2026. The full segment-by-segment breakdown is shown in the revenue-by-segment table on this page.
Where does Veeva Systems (VEEV) generate most of its revenue?
Geographically, 60.9% of Veeva Systems (VEEV) revenue came from North America in the most recent annual filing. The full regional split is shown in the revenue-by-geography table on this page.
Data & methodology
What is a Sankey diagram?
A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
Where do segment and geographic numbers come from?
Product-segment shares come from the same TTM income statement that powers the Sankey chart. Geographic splits are first rebuilt from the four most recent quarterly geographic-segmentation filings so they align with the same TTM window; if quarterly geo data is missing, we fall back to the latest annual disclosure (the table heading shows which one is in use).
When was this data last updated?
Based on company filings through TTM through Q1 2026.
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