Veeva Systems Inc. (VEEV)

Veeva Systems Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021
Revenue	2,747	2,364	2,155	1,851	1,465
Revenue Growth (YoY)	16.20%	9.68%	16.44%	26.33%	32.70%
Cost of Revenue	699.64	677.29	609.41	503.68	408.93
Gross Profit	2,047	1,686	1,546	1,347	1,056
Selling, General & Admin	657.47	628.02	566.29	459.57	384.13
Research & Development	693.08	629.03	520.28	382.04	294.22
Operating Expenses	1,351	1,257	1,087	841.6	678.35
Operating Income	696.44	429.33	459.09	505.5	377.79
Interest & Investment Income	207.99	133.75	45.86	14.73	15.86
Currency Exchange Gain (Loss)	-3.27	0.12	0.59	-0.71	2.28
Other Non Operating Income (Expenses)	0.61	-	0.57	-	1.15
EBT Excluding Unusual Items	901.76	563.21	506.11	519.51	397.08
Gain (Loss) on Sale of Investments	22.62	24.82	2.98	-7.2	-3.08
Legal Settlements	-5	-	-	-	-
Pretax Income	919.38	588.02	509.1	512.31	393.99
Income Tax Expense	205.24	62.32	21.39	84.92	14
Net Income	714.14	525.71	487.71	427.39	380
Net Income to Common	714.14	525.71	487.71	427.39	380
Net Income Growth	35.84%	7.79%	14.11%	12.47%	26.20%
Shares Outstanding (Basic)	162	161	155	153	151
Shares Outstanding (Diluted)	165	163	162	162	161
Shares Change (YoY)	1.07%	0.65%	0.10%	0.96%	1.54%
EPS (Basic)	4.41	3.27	3.14	2.79	2.52
EPS (Diluted)	4.32	3.22	3.00	2.63	2.36
EPS Growth	34.16%	7.33%	14.07%	11.44%	24.21%
Free Cash Flow	1,070	885.14	766.96	750.25	542.56
Free Cash Flow Per Share	6.47	5.41	4.72	4.62	3.38
Gross Margin	74.53%	71.35%	71.72%	72.79%	72.09%
Operating Margin	25.36%	18.16%	21.30%	27.31%	25.79%
Profit Margin	26.00%	22.24%	22.63%	23.09%	25.94%
Free Cash Flow Margin	38.94%	37.45%	35.59%	40.54%	37.03%
EBITDA	735.82	461.96	488.21	532.94	407.25
EBITDA Margin	26.79%	19.54%	22.65%	28.80%	27.80%
D&A For EBITDA	39.38	32.63	29.12	27.45	29.46
EBIT	696.44	429.33	459.09	505.5	377.79
EBIT Margin	25.36%	18.16%	21.30%	27.31%	25.79%
Effective Tax Rate	22.32%	10.60%	4.20%	16.58%	3.55%
Revenue as Reported	2,747	2,364	2,155	1,851	1,465

Updated Mar 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q