VEEVA SYSTEMS INC
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VEEV Q3 2026 request
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Income Statement
| Metric | Q3 2026 | Q3 2025 | YoY |
|---|---|---|---|
| Revenue | 811,236 | 699,207 | +16.0% |
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| Commercial Solutions | 47,457 | 45,855 | +3.5% |
| Commercial Solutions | 317,650 | 278,377 | +14.1% |
| R&D Solutions | 81,281 | 72,502 | +12.1% |
| R&D Solutions | 364,848 | 302,473 | +20.6% |
| Subscription And Circulation | 682,498 | 580,850 | +17.5% |
| Technology Service | 128,738 | 118,357 | +8.8% |
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| Reportable Segment | 811,236 | 699,207 | +16.0% |
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| Asia Pacific | 71,140 | 68,655 | +3.6% |
| Europe | 238,256 | 198,667 | +19.9% |
| Middle East, Africa, and Latin America | 18,298 | 17,411 | +5.1% |
| North America | 483,542 | 414,474 | +16.7% |
| Cost of Revenue | 199,465 | 174,389 | +14.4% |
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| Subscription And Circulation | 94,171 | 82,638 | +14.0% |
| Subscription And Circulation · Reportable Segment | 91,283 | 79,899 | +14.2% |
| Technology Service | 105,294 | 91,751 | +14.8% |
| Technology Service · Reportable Segment | 90,367 | 78,683 | +14.8% |
| Gross Profit | 611,771 | 524,818 | +16.6% |
| Research & Development | 191,883 | 172,411 | +11.3% |
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| Reportable Segment | 139,092 | 124,368 | +11.8% |
| Sales & Marketing | 110,552 | 98,695 | +12.0% |
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| Reportable Segment | 83,433 | 73,937 | +12.8% |
| General & Administrative | 68,483 | 72,359 | -5.4% |
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| Reportable Segment | 42,146 | 38,296 | +10.1% |
| Operating Expenses | 370,918 | 343,465 | +8.0% |
| Operating Income | 240,853 | 181,353 | +32.8% |
| Other Non-Operating Income (Expense) | 71,933 | 60,937 | +18.0% |
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| Reportable Segment | 71,933 | 60,937 | +18.0% |
| Income Before Taxes | 312,786 | 242,290 | +29.1% |
| Income Tax Expense (Benefit) | 76,583 | 56,482 | +35.6% |
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| Reportable Segment | 76,583 | 56,482 | +35.6% |
| Comprehensive Income | 248,114 | 184,924 | +34.2% |
| Other Comprehensive Income | 11,911 | -884 | +1447.4% |
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| Accumulated Other Comprehensive Income | 11,911 | -884 | +1447.4% |
| EPS (Basic) | 1.44 | 1.15 | +25.2% |
| EPS (Diluted) | 1.4 | 1.13 | +23.9% |
| Wtd Avg Shares (Basic) | 164,049 | 161,987 | +1.3% |
| Wtd Avg Shares (Diluted) | 168,935 | 164,979 | +2.4% |
| Net Income Loss Available To Common Stockholders Basic | 236,203 | 185,808 | +27.1% |
Balance Sheet
| Metric | Q3 2026 | Q3 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 1,660,137 | 1,044,511 | +58.9% |
| Available For Sale Securities Debt Securities Current | 4,977,164 | 4,018,475 | +23.9% |
Show Fair Value Hierarchy breakouts |
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| Fair Value Inputs Level2 · Asset Backed Securities | 331,972 | 588,413 | -43.6% |
| Fair Value Inputs Level2 · Certificates Of Deposit | 19,978 | 64,144 | -68.9% |
| Fair Value Inputs Level2 · Commercial Paper | 163,326 | 113,103 | +44.4% |
| Fair Value Inputs Level2 · Corporate Debt Securities | 2,897,999 | 2,220,879 | +30.5% |
| Fair Value Inputs Level2 · Derivative Financial Instruments Assets | 1,296 | 1,264 | +2.5% |
| Fair Value Inputs Level2 · Foreign Government Debt Securities | 231,762 | 148,023 | +56.6% |
| Fair Value Inputs Level2 · Municipal Bonds | 55,860 | 69,830 | -20.0% |
| Fair Value Inputs Level2 · US Government Agencies Debt Securities | 11,632 | 24,587 | -52.7% |
| Fair Value Inputs Level2 · US Treasury Securities | 1,264,635 | 789,496 | +60.2% |
Show Financial Instrument breakouts |
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| Asset Backed Securities | 331,972 | 588,413 | -43.6% |
| Asset Backed Securities · Fair Value Measurements Recurring | 331,972 | 588,413 | -43.6% |
| Certificates Of Deposit | 19,978 | 64,144 | -68.9% |
| Certificates Of Deposit · Fair Value Measurements Recurring | 19,978 | 64,144 | -68.9% |
| Commercial Paper | 163,326 | 113,103 | +44.4% |
| Commercial Paper · Fair Value Measurements Recurring | 163,326 | 113,103 | +44.4% |
| Corporate Debt Securities | 2,897,999 | 2,220,879 | +30.5% |
| Corporate Debt Securities · Fair Value Measurements Recurring | 2,897,999 | 2,220,879 | +30.5% |
| Derivative Financial Instruments Assets · Fair Value Measurements Recurring | 1,296 | 1,264 | +2.5% |
| Foreign Government Debt Securities | 231,762 | 148,023 | +56.6% |
| Foreign Government Debt Securities · Fair Value Measurements Recurring | 231,762 | 148,023 | +56.6% |
| Municipal Bonds | 55,860 | 69,830 | -20.0% |
| Municipal Bonds · Fair Value Measurements Recurring | 55,860 | 69,830 | -20.0% |
| US Government Agencies Debt Securities | 11,632 | 24,587 | -52.7% |
| US Government Agencies Debt Securities · Fair Value Measurements Recurring | 11,632 | 24,587 | -52.7% |
| US Treasury Securities | 1,264,635 | 789,496 | +60.2% |
| US Treasury Securities · Fair Value Measurements Recurring | 1,264,635 | 789,496 | +60.2% |
| Accounts Receivable | 314,227 | 255,817 | +22.8% |
| Unbilled Receivables Current | 57,549 | — | — |
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| Subscription And Circulation | 13 | — | — |
| Technology Service | 45 | — | — |
| Prepaid Expenses & Other Current Assets | 102,777 | 82,885 | +24.0% |
| Total Current Assets | 7,111,854 | 5,447,160 | +30.6% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 66,117 | — | — |
Show Geography breakouts |
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| Asia Pacific | 3,485 | — | — |
| Europe | 9,176 | — | — |
| Middle East, Africa, and Latin America | 688 | — | — |
| North America | 52,768 | — | — |
| Operating Lease Right-of-Use Assets | 73,839 | 60,325 | +22.4% |
| Goodwill | 439,877 | 439,877 | 0.0% |
| Intangible Assets | 32,650 | 48,527 | -32.7% |
Show Finite Lived Intangible Assets By Major Class breakouts |
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| Customer Relationships | 31,638 | 42,818 | -26.1% |
| Existing technology | 540 | 4,768 | -88.7% |
| Other Intangible Assets | 472 | 941 | -49.8% |
| Deferred Tax Assets | 286,966 | 322,652 | -11.1% |
| Other Non-Current Assets | 60,544 | 56,102 | +7.9% |
| Total Assets | 8,097,151 | 6,452,853 | +25.5% |
| Other Assets | |||
| Deferred Costs | 25,304 | 22,515 | +12.4% |
| Current Liabilities | |||
| Accounts Payable | 32,671 | 31,845 | +2.6% |
| Employee Related Liabilities Current | 41,485 | — | — |
| Accrued Liabilities And Other Liabilities | 31,707 | — | — |
| Accrued Income Taxes Current | 6,020 | 10,803 | -44.3% |
| Deferred Revenue (Current) | 822,466 | 739,657 | +11.2% |
| Operating Lease Liability Current | 10,529 | 9,156 | +15.0% |
| Total Current Liabilities | 944,878 | 857,001 | +10.3% |
| Non-Current Liabilities | |||
| Deferred Tax Liabilities | 367 | 475 | -22.7% |
| Operating Lease Liabilities | 79,267 | 62,545 | +26.7% |
| Other Non-Current Liabilities | 32,008 | 31,429 | +1.8% |
| Total Liabilities | 1,056,520 | 951,450 | +11.0% |
| Stockholders' Equity | |||
| Common Stock | 2 | 2 | 0.0% |
| Additional Paid In Capital Common Stock | 2,911,418 | 2,248,890 | +29.5% |
| Accumulated Other Comprehensive Income | 9,914 | -6,459 | +253.5% |
| Retained Earnings | 4,119,297 | 3,258,970 | +26.4% |
| Total Stockholders' Equity | 7,040,631 | 5,501,403 | +28.0% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | 9,914 | -6,459 | +253.5% |
| Additional Paid In Capital | 2,911,418 | 2,248,890 | +29.5% |
| Common Stock | 2 | 2 | 0.0% |
| Retained Earnings | 4,119,297 | 3,258,970 | +26.4% |
| Total Liabilities & Equity | 8,097,151 | 6,452,853 | +25.5% |
Cash Flow Statement
| Metric | YTD Q3 2026 | YTD Q3 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Net Income | 664,702 | 518,513 | +28.2% |
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| Reportable Segment | 664,702 | 518,513 | +28.2% |
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| Retained Earnings | 664,702 | 518,513 | +28.2% |
| Other Depreciation And Amortization | 29,654 | 29,451 | +0.7% |
| Operating Lease Right Of Use Asset Amortization Expense | 9,405 | 8,348 | +12.7% |
| Accretion Amortization Of Discounts And Premiums Investments | -6,613 | -20,442 | +67.6% |
| Stock-Based Compensation | 354,444 | 322,146 | +10.0% |
| Amortization Of Deferred Costs Excluding Right Of Use Assets | 12,173 | 11,507 | +5.8% |
| Deferred Income Taxes | 50,185 | -91,231 | +155.0% |
| Other Operating Activities Cash Flow Statement | -562 | -465 | -20.9% |
| Change in Accounts Receivable | 701,016 | 595,940 | +17.6% |
| Increase Decrease In Unbilled Accounts Receivable | -16,788 | -9,107 | -84.3% |
| Increase Decrease In Deferred Charges | -11,094 | -10,106 | -9.8% |
| Change in Prepaid & Other Assets | -6,810 | 1,354 | -603.0% |
| Change in Accounts Payable | 3,190 | 424 | +652.4% |
| Increase Decrease In Accrued Liabilities | -3,260 | -10,240 | +68.2% |
| Increase Decrease In Accrued Income Taxes Payable | -3,004 | -1,059 | -183.7% |
| Increase Decrease In Deferred Revenue | -466,118 | -321,090 | -45.2% |
| Increase Decrease In Operating Lease Liability | -6,170 | -7,131 | +13.5% |
| Change in Other Liabilities | 4,028 | 3,695 | +9.0% |
| Net Cash from Operations | 1,308,378 | 1,020,507 | +28.2% |
| Investing Activities | |||
| Purchases of Investments | -2,386,193 | -2,206,521 | -8.1% |
| Proceeds From Sale And Maturity Of Available For Sale Securities | 1,471,683 | 1,537,874 | -4.3% |
| Payments For Software | -22,102 | -15,799 | -39.9% |
| Net Cash from Investing | -936,612 | -684,446 | -36.8% |
| Financing Activities | |||
| Proceeds From Stock Options Exercised | 239,996 | 65,104 | +268.6% |
| Tax Withholding for Share Compensation | -71,281 | -59,800 | -19.2% |
| Net Cash from Financing | 168,715 | 5,304 | +3080.9% |
| Supplemental | |||
| Income Taxes Paid | 164,908 | 238,935 | -31.0% |
| Excess Tax Benefit From Employee Stock Plans | 23,302 | 5,160 | +351.6% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 871 | -1,346 | +164.7% |
| Net Change in Cash | 541,352 | 340,019 | +59.2% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 1,662,315 | 1,046,689 | +58.8% |
| Restricted Cash And Cash Equivalents | 2,178 | 2,178 | 0.0% |
Values in thousands USD. Source: SEC EDGAR 10-Q filing.