Stocks · Technology · Software - Application
Veeva Systems Inc. VEEV
$273.33 -3.05% Close, Oct 2, 2026 · NYSE · Market cap $44.40B
High qualityLow risk
Next earnings report: Nov 25, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Earnings beat analyst estimates in each of the last 14 quarters (average surprise over the last four: +5.2%).
- The shares trade at 45.0× trailing earnings, lower than 90% of the company's own readings over the past five years.
- The stock is in an uptrend: above its 200-day average for 44 trading days, with the 50-day average above the 200-day.
PromtFinance scores
Each score is a percentile within the Technology sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 40%
- EPS growth (TTM, YoY)Top 42%
- FCF growth (TTM, YoY)Top 45%
- Revenue growth, 3-year CAGRTop 30%
- Revenue growth accelerationBottom 47%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 25%
- Gross marginTop 19%
- Operating marginTop 8%
- Cash conversion (OCF / net income)Bottom 48%
- Accruals (lower is better)Top 46%
- Net debt / EBITDA (lower is better)Top 27%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 36%
- Free-cash-flow yieldTop 43%
- EBITDA / enterprise valueTop 49%
- Sales / enterprise valueBottom 19%
- P/E vs own 5-year history (lower is better)Top 18%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 44%
- 6-month returnTop 24%
- 1-year return vs S&P 500Bottom 41%
- Distance from 52-week highTop 23%
- Trend checklist (0–4)Top 18%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 38%
- Consecutive EPS beatsTop 9%
- Share of analysts rating BuyTop 45%
- Upside to consensus price targetBottom 26%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 27%
- Maximum drawdown, 3 yearsTop 28%
- Beta vs S&P 500 (lower is better)Top 24%
- Net debt / EBITDA (lower is better)Top 27%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 16.2% | 16.5% | ↑ |
| EPS growth (YoY) | 19.1% | 25.1% | ↑ |
| Gross margin | 75.6% | 74.9% | ↓ |
| Operating margin | 26.9% | 29.9% | ↑ |
| FCF margin | 44.7% | 47.5% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 16.5% | 16.2% | ↑ | Top 40% |
| EPS growth (TTM, YoY) | 25.1% | 19.1% | ↑ | Top 42% |
| Gross margin | 74.9% | 75.6% | ↓ | Top 19% |
| Operating margin | 29.9% | 26.9% | ↑ | Top 8% |
| Net margin | 29.3% | 27.3% | ↑ | — |
| Free-cash-flow margin | 47.5% | 44.7% | ↑ | — |
| Return on invested capital | 10.4% | — | Top 25% | |
| Revenue growth, 3-year CAGR | 14.0% | — | Top 30% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.64×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -7.2%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 7.4%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +3.2 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- -1.21×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 1.25%
- Shareholder yield
- 1.25%
- Share count change, 1 year
- -1.3%
- Share count change, 3-year CAGR
- +0.4%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jul 31, 2026 (filed Aug 27, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 14
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +5.2%
- Average 2-day reaction, last 8
- -0.4%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $290.50
- Target vs current price
- +6.3%
- Analysts with a rating
- 43
- Share rating Buy or Strong Buy
- 67%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 26, 2026 | +5.4% | -0.8% | +13.1% | +9.7% | — |
| Jun 3, 2026 | +4.7% | -2.3% | -8.3% | +0.7% | +54.2% |
| Mar 4, 2026 | +6.2% | +1.4% | +2.0% | -5.5% | -11.6% |
| Nov 20, 2025 | +4.6% | -0.9% | -11.8% | -20.1% | -33.6% |
| Aug 27, 2025 | +4.7% | +2.5% | -5.4% | -3.0% | -4.7% |
| May 28, 2025 | +13.2% | -1.5% | +19.6% | +17.4% | +18.6% |
| Mar 5, 2025 | +8.7% | +0.7% | +6.1% | +4.3% | +27.7% |
| Dec 5, 2024 | +10.8% | -2.6% | -1.6% | -10.4% | -7.5% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 26, 2026 | $2.35 | $2.23 | +5.4% | $928.0M |
| Jun 3, 2026 | $2.24 | $2.14 | +4.7% | $882.9M |
| Mar 4, 2026 | $2.06 | $1.94 | +6.2% | $836.0M |
| Nov 20, 2025 | $2.04 | $1.95 | +4.6% | $811.2M |
| Aug 27, 2025 | $1.99 | $1.90 | +4.7% | $789.1M |
| May 28, 2025 | $1.97 | $1.74 | +13.2% | $759.0M |
| Mar 5, 2025 | $1.74 | $1.60 | +8.7% | $720.9M |
| Dec 5, 2024 | $1.75 | $1.58 | +10.8% | $699.2M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 45.0× | 59.5× | 10th | Top 36% |
| P/E (forward) | 29.6× | — | — | — |
| EV / EBITDA | 31.1× | — | — | Top 49% |
| EV / Sales | 12.36× | — | — | Bottom 19% |
| Free-cash-flow yield | 3.70% | — | — | Top 43% |
| Earnings yield | 2.22% | — | — | Top 36% |
P/E over the past five years
Range 30.8× – 121.2× since Jul 31, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -6.8%
- Earnings per share growth (TTM)
- +25.1%
- Change in P/E multiple
- -16.2%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 69
- Days above the 200-day average
- 44
- 50-day average slope (20 days)
- +15.2%
- 200-day average slope (20 days)
- +1.3%
- Distance from 50-day average
- +9.0%
- Distance from 200-day average
- +35.8%
- RSI (14)
- 55.9
- Relative volume
- 0.71×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 46.0%
- Volatility vs own 5-year history
- 83th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.01
- Correlation with S&P 500
- 0.36
- Current drawdown from 1-year high
- -10.7%
- Maximum drawdown, 3 years
- -50.5%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Aug 5, 2021 | Oct 14, 2022 | -55.7% | 301 days | Not yet recovered |
| Feb 16, 2021 | Mar 8, 2021 | -24.2% | 14 days | 78 days (Jun 28, 2021) |
| Oct 13, 2020 | Dec 9, 2020 | -16.1% | 40 days | 42 days (Feb 10, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $44.40B
- P/E (TTM)
- 45.0
- EPS, diluted (TTM)
- $6.08
- Revenue (TTM)
- $3.46B
- 52-week range
- $148.05 – $310.50
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Revenue | $1.85B | $2.16B | $2.36B | $2.75B | $3.20B |
| Gross profit | $1.35B | $1.55B | $1.69B | $2.05B | $2.41B |
| Operating income | $505.5M | $459.1M | $429.3M | $691.4M | $916.4M |
| Net income | $427.4M | $487.7M | $525.7M | $714.1M | $908.9M |
| EPS (diluted) | $2.63 | $3.00 | $3.22 | $4.32 | $5.44 |
| Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | Q1 2027 | Q2 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $699.2M | $720.9M | $759.0M | $789.1M | $811.2M | $836.0M | $882.9M | $928.0M |
| Net income | $185.8M | $195.6M | $228.2M | $200.3M | $236.2M | $244.2M | $260.9M | $273.4M |
| EPS (diluted) | $1.13 | $1.17 | $1.37 | $1.19 | $1.40 | $1.45 | $1.57 | $1.66 |
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|
| Operating cash flow | $764.5M | $780.5M | $911.3M | $1.09B | $1.42B |
| Capital expenditure | -$14.2M | -$13.5M | -$26.2M | -$20.5M | -$29.1M |
| Free cash flow | $750.2M | $767.0M | $885.1M | $1.07B | $1.39B |
| Dividends paid | $0 | $0 | $0 | $0 | $0 |
| Net share buybacks | $51.5M | $43.7M | $62.7M | $105.5M | $83.9M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $7.24B
- Total assets
- $9.06B
- Total liabilities
- $1.63B
- Total debt
- $151.7M
- Net debt
- -$1.66B
- Shareholders’ equity
- $7.43B
As of Jul 31, 2026 (filed Aug 27, 2026).
Short interest
- Shares sold short
- 4,964,067
- Days to cover
- 4.02
- Change vs previous report
- +2.9%
FINRA short interest, settlement date Sep 15, 2026.