VEEVA SYSTEMS INC(VEEV)Stock Analysis
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Rank #76 of 2,879 stocksTOP 5%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
VEEV Stock Analysis & AI Quality Score
AI stock analysis and institutional research for VEEVA SYSTEMS INC (VEEV), a Technology sector company. 13F Pro's AI-powered ranking engine scores VEEV at 77.8/100 on a 32-signal composite quality model, placing it at rank #76 of 2,879 stocks — the top 5% of the AI-ranked universe. VEEV scores in the top quartile across free cash flow (95.9), profitability (90.9), balance sheet strength (87.1). Areas of concern include institutional flow (29.7), which score below median versus the broader universe. Shareholder dilution risk is elevated at 12.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2027), VEEVA SYSTEMS INC reports quarterly revenue of $882.9M, net income of $260.9M, an operating margin of 30.9%. Top institutional holders of VEEV by reported 13-F value include BlackRock,, ALLIANCEBERNSTEIN L.P., VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. VEEV trades on the NYSE exchange and files with the SEC under CIK 1393052. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate VEEV daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for VEEVA SYSTEMS INC directly from SEC EDGAR. VEEVA SYSTEMS INC's 13F Pro composite quality score has ranged between 8 and 83 since 2021, currently 77.8 — a stable long-term trajectory across 56 quarterly and live scoring snapshots.
What's Driving VEEV's Business? Latest 10-Q Breakdown
✓ 32/32 datapoints verifiedAI-extracted from VEEVA SYSTEMS INC's 10-Q filed 2026-06-05 — Q1 FY2027 (quarter ended April 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Veeva reported Q1 revenue of $882.9M (+16% YoY), driven by 15% subscription growth and 23% professional services growth, with net income of $260.9M (+14% YoY).
Biggest Revenue Drivers
Total revenue: $882.9M+16% YoY
Growth driven by expanding use by existing customers and higher prices from annual inflation adjustment for products.
Increase primarily due to increased implementation services and business consulting demand.
Largest Expense Items
Increase related to computing infrastructure and data costs, driven by increased end users and activity volume.
Increase primarily due to employee compensation-related costs and increased headcount to support product development.
Increase primarily due to employee compensation-related costs and increased headcount for sales and marketing efforts.
Increase related to employee compensation-related costs and increased headcount to support implementation and consulting services.
Margins: Gross margin declined to 75% from 77% YoY, with subscription gross margin declining to 86% from 88% primarily due to increased computing infrastructure and data costs. Professional services margin fell to 20% from 23% due to headcount expansion to support growing demand.
Watch Items from the Filing
- Top 10 customers represented 28% of total revenues in FY2026, creating customer concentration risk; loss of major customer could significantly impact growth.
- Veeva CRM migration to Vault CRM platform presents execution risk; Salesforce agreement wind-down period extends through September 2030 with 150% growth cap on existing customers.
- Company acquired Ostro (Rise Healthcare Tech, Inc.) for $90M net of cash in March 2026, adding AI-driven patient engagement platform to portfolio.
- Operating cash flow of $1,127M (+28% YoY) significantly exceeds net income of $261M, driven by strong collection timing and FDDEI tax deduction benefits.
- Nearly all revenues from life sciences industry; regulatory changes in drug pricing, government funding, or industry consolidation could materially adversely affect business.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2027
$882.9M
Net Income
Q1 2027
$260.9M
Free Cash Flow
Q1 2027
$1.1B
Operating Margin
Q1 2027
30.9%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+16.3% YoYNet Income
+27.3% YoYOperating Income
+32.5% YoYEPS (Diluted)
+25.9% YoYTotal Assets
+22.3% YoYOp. Cash Flow
+29.8% YoY| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $3.20B +16.3% | $2.75B +16.2% | $2.36B +9.7% | $2.16B +47.1% | $1.47B +32.7% | $1.10B |
| Net Income | $908.9M +27.3% | $714.1M +35.8% | $525.7M +7.8% | $487.7M +28.3% | $380.0M +26.2% | $301.1M |
| Operating Income | $916.4M +32.5% | $691.4M +61.0% | $429.3M -6.5% | $459.1M +21.5% | $377.8M +32.0% | $286.2M |
| EPS (Diluted) | $5.44 +25.9% | $4.32 +34.2% | $3.22 +7.3% | $3.00 +27.1% | $2.36 +24.2% | $1.90 |
| Total Assets | $8.98B +22.3% | $7.34B +24.2% | $5.91B +23.0% | $4.80B +57.7% | $3.05B +34.1% | $2.27B |
| Operating Cash Flow | $1.42B +29.8% | $1.09B +19.6% | $911.3M +16.8% | $780.5M +41.6% | $551.2M +26.0% | $437.4M |
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Available Research
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Top Institutional Holders of VEEV
BlackRock, Inc.
$2.0B11,558,875 shALLIANCEBERNSTEIN L.P.
$1.4B6,271,098 shVANGUARD PORTFOLIO MANAGEMENT LLC
$1.3B7,376,031 shVANGUARD CAPITAL MANAGEMENT LLC
$1.2B6,670,318 shLinonia Partnership LP
$865.1M4,924,626 shPRINCIPAL FINANCIAL GROUP INC
$727.5M4,141,545 shSTATE STREET CORP
$633.9M3,608,655 shGEODE CAPITAL MANAGEMENT, LLC
$580.5M3,312,734 shFMR LLC
$459.1M2,613,526 shAQR CAPITAL MANAGEMENT LLC
$455.5M2,596,865 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $2.0B | 11,558,875 |
| ALLIANCEBERNSTEIN L.P. | $1.4B | 6,271,098 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1.3B | 7,376,031 |
| VANGUARD CAPITAL MANAGEMENT LLC | $1.2B | 6,670,318 |
| Linonia Partnership LP | $865.1M | 4,924,626 |
| PRINCIPAL FINANCIAL GROUP INC | $727.5M | 4,141,545 |
| STATE STREET CORP | $633.9M | 3,608,655 |
| GEODE CAPITAL MANAGEMENT, LLC | $580.5M | 3,312,734 |
| FMR LLC | $459.1M | 2,613,526 |
| AQR CAPITAL MANAGEMENT LLC | $455.5M | 2,596,865 |
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Is VEEV a good stock to buy?
13F Pro's AI-powered analysis of VEEVA SYSTEMS INC (VEEV) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for VEEV are available on the VEEV stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own VEEV?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling VEEV. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of VEEVA SYSTEMS INC's investment landscape.