Veeva Systems Inc. (VEEV)

Veeva Systems Income Statement

Financials in millions USD. Fiscal year is February - January.

Year Ending	TTM	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Revenue	2,488	2,364	2,155	1,851	1,465	1,104
Revenue Growth (YoY)	14.31%	9.68%	16.44%	26.33%	32.70%	28.05%
Cost of Revenue	684.51	677.29	609.41	503.68	408.93	303.37
Gross Profit	1,803	1,686	1,546	1,347	1,056	800.71
Selling, General & Admin	635.43	628.02	566.29	459.57	384.13	304.6
Research & Development	644.78	629.03	520.28	382.04	294.22	209.9
Operating Expenses	1,280	1,257	1,087	841.6	678.35	514.49
Operating Income	522.97	429.33	459.09	505.5	377.79	286.22
Other Expense / Income	-180.17	-158.69	-50.01	-6.82	-16.2	-27.48
Pretax Income	703.15	588.02	509.1	512.31	393.99	313.7
Income Tax	147.3	62.32	21.39	84.92	14	12.58
Net Income	555.85	525.71	487.71	427.39	380	301.12
Net Income Growth	7.08%	7.79%	14.11%	12.47%	26.20%	31.02%
Shares Outstanding (Basic)	161	161	155	153	151	148
Shares Outstanding (Diluted)	164	163	162	162	161	158
Shares Change	1.15%	0.65%	0.10%	0.96%	1.54%	1.40%
EPS (Basic)	3.45	3.27	3.14	2.79	2.52	2.04
EPS (Diluted)	3.39	3.22	3.00	2.63	2.36	1.90
EPS Growth	5.94%	7.33%	14.07%	11.44%	24.21%	29.25%
Free Cash Flow	1,137	885.14	766.96	750.25	542.56	433.05
Free Cash Flow Per Share	7.04	5.51	4.94	4.90	3.60	2.93
Gross Margin	72.48%	71.35%	71.72%	72.79%	72.09%	72.52%
Operating Margin	21.02%	18.16%	21.30%	27.31%	25.79%	25.92%
Profit Margin	22.34%	22.24%	22.63%	23.09%	25.94%	27.27%
Free Cash Flow Margin	45.71%	37.45%	35.59%	40.54%	37.03%	39.22%
Effective Tax Rate	20.95%	10.60%	4.20%	16.58%	3.55%	4.01%
EBITDA	748.14	632.34	550.42	551.2	433.8	341.52
EBITDA Margin	30.07%	26.75%	25.54%	29.78%	29.61%	30.93%
Depreciation & Amortization	44.99	44.32	41.32	38.89	39.8	27.83
EBIT	703.15	588.02	509.1	512.31	393.99	313.7
EBIT Margin	28.26%	24.88%	23.62%	27.68%	26.89%	28.41%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).