VEEV Veeva Systems margins

Relative Growth: Rel. Growth: 94

Relative Strength: Rel. Strength: 95

Relative Valuation: Rel. Valuation: 16

Relative Profitability: Rel. Profitability: 91

Gross margin

75%

Operating margin

29.9%

EBITDA margin

39.9%

Net margin

29.3%

At present, Veeva Systems reports a gross margin of 75%, an operating margin of 29.9%, an EBITDA margin of 39.9%, and a net margin of 29.3%. Operating margin recorded the largest improvement, rising by 3 percentage points. Gross margin recorded the largest decline, falling by 0.6 percentage points.

VEEV margin history

Gross, operating, EBITDA and net margin trends

Veeva Systems's margins averaged 74.07% gross, 24.82% operating, 34.55% EBITDA, and 26.07% net during the last 3 years. Currently all four current margins are above their three-year averages.

VEEV margin expansion

Year-over-year margin changes in percentage points

Compared with the same period last year, operating margin expanded by 3 percentage points, EBITDA margin by 2.7 percentage points, and net margin by 2 percentage points, while gross margin contracted by 0.6 percentage points.

Gross margin expansion

-0.6pp

Operating margin expansion

3pp

EBITDA margin expansion

2.7pp

Net margin expansion

2pp

VEEV Gross margin

Over the last 3 years, Veeva Systems's gross margin averaged 74.07%. The current gross margin of 75% is 0.9 percentage points above its three-year average. During this period, gross margin reached a high of 75.7% in Oct 2025 and a low of 70.9% in Oct 2023.

VEEV Operating margin

Veeva Systems recorded an average operating margin of 24.82% across the last 3 years. Veeva Systems currently reports an operating margin of 29.9%, 5.1 percentage points above its three-year average. The highest operating margin for Veeva Systems was 29.9% in Jul 2026, while the lowest was 17.5% in Oct 2023.

VEEV EBITDA margin

Over the last 3 years, Veeva Systems's EBITDA margin averaged 34.55%. The current EBITDA margin of 39.9% is 5.4 percentage points above its three-year average. During this period, EBITDA margin reached a high of 39.9% in Jul 2026 and a low of 25.4% in Oct 2023.

VEEV Net margin

Throughout the last 3 years, Veeva Systems had an average net margin of 26.07%. Against its three-year average, Veeva Systems's net margin is currently 29.3%, 3.2 percentage points above its three-year average. Looking back over the last 3 years, Veeva Systems's net margin reached 29.3% at its highest point in Jul 2026 and 22.2% at its lowest in Jan 2024.

VEEV margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 75%, VEEV stands higher than the Healthcare sector, the industry and its peers average. Looking at the Healthcare sector average of 68.3%, Veeva Systems's gross margin is 10% higher.

VEEV margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Veeva Systems's gross margin?

The current gross margin for VEEV is 75% as of Jul 31, 2026.

What is Veeva Systems's operating margin?

The current operating margin for VEEV is 29.9% as of Jul 31, 2026.

What is Veeva Systems's EBITDA margin?

For the period ending Jul 31, 2026, VEEV recorded an EBITDA margin of 39.9%.

What is Veeva Systems's net margin?

As of Jul 31, 2026, VEEV has a net margin of 29.3%.

What are the average margins of VEEV?

The three-year average margins for VEEV were 74.1% gross, 24.8% operating, 34.6% EBITDA, and 26.1% net.

What are the highest historical margins of VEEV?

In the last 5 years, the highest margins reported by VEEV were 75.7% gross in Oct 2025, 29.9% operating in Jul 2026, 39.9% EBITDA in Jul 2026, and 29.3% net in Jul 2026.

What are the lowest historical margins of VEEV?

Over this 5-year history, Veeva Systems's margins fell as low as 70.7% gross in Jul 2023, 17.5% operating in Oct 2023, 23.5% EBITDA in Apr 2023, and 19.1% net in Oct 2022.