VEEV Class A Veeva Systems Inc. Class A Common Stock
NYSE · Health Care · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 27, 2026
$273.33
· of 52w range
· above low
· to high
$148.0552w low
$310.5052w high
Market Cap (MRQ)
$44.23B
P/E (TTM)
44.7
EPS (TTM)
$6.11
Revenue (TTM)
$3.46B
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52W Range
$148–$310
Analyst Rating
BUY
Price Target
$297
P/E
44.7
ROE
14.4%
Net Profit Margin
29.3%
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VEEV Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$273.33
Market Cap (MRQ)
$44.23B
P/E (TTM)
44.7
EPS (TTM)
$6.11
Revenue (TTM)
$3.46B
ROE (TTM)
14.4%
52W Range
$148–$311
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About Veeva Systems Inc. Class A Common Stock Company overview from Wikipedia
Veeva Systems Inc., headquartered in Pleasanton, California, provides cloud computing software, data, and consulting services for the life sciences industry. Its products are used to track all aspects of drug development and pharmaceutical manufacturing.
The company has 1,552 customers including Bayer, Boehringer Ingelheim, Eli Lilly and Company, Gilead Sciences, Merck & Co., Novartis, Alkermes plc, Alnylam Pharmaceuticals, bluebird bio, and Idorsia.
## History
Veeva was founded in 2007 by Peter Gassner and Matt Wallach.
In 2011, the company introduced Veeva Vault, a content management system for the life sciences industry.
In October 2013, Veeva became a public company via an initial public offering on the New York Stock Exchange.
In February 2021, Veeva became the first publicly traded company to convert to a public benefit corporation.
In 2025, Veeva ended its partnership with Salesforce, a competitor.
=== Acquisitions ===
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
sectorHealth Care
industryHealth Care
employees7,928
countryUS
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$3.20B2017-01-31 → 2026-01-31
EPS$5.442017-01-31 → 2026-01-31
Free Cash Flow·2017-01-31 → 2020-01-31
Net margin29.3%2017-01-31 → 2026-01-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | VEEV | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 44.75Y avg ≈60.5 | ≈60.5 | 35.6 | Fair value | |
| P/S (TTM) | 12.85Y avg ≈12.7 | ≈12.7 | 3.3 | Overvalued | |
| P/B (MRQ) | 6.05Y avg ≈6.4 | ≈6.4 | 2.9 | Overvalued | |
| Price / Cash Flow | 31.55Y avg ≈32.4 | ≈32.4 | 13.8 | Overvalued | |
| Price / Tangible Book (MRQ) | 6.05Y avg ≈7.1 | ≈7.1 | · | · | |
| PEG Ratio | ≈2.5 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | VEEV | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 75.0%5Y avg ≈73.2% | ≈73.2% | 79.0% | Weak | |
| Operating Margin (TTM) | 29.9%5Y avg ≈24.1% | ≈24.1% | 7.9% | Top tier | |
| EBITDA Margin | 28.7%5Y avg ≈24.1% | ≈24.1% | 12.7% | Top tier | |
| Pretax Margin (TTM) | 38.4%5Y avg ≈29.4% | ≈29.4% | 9.1% | Top tier | |
| Net Profit Margin (TTM) | 29.3%5Y avg ≈24.5% | ≈24.5% | 6.1% | Top tier | |
| ROA (TTM) | 11.9%5Y avg ≈11.1% | ≈11.1% | 1.3% | Top tier | |
| ROE (TTM) | 14.4%5Y avg ≈13.2% | ≈13.2% | 4.0% | Top tier | |
| ROIC | 9.7%5Y avg ≈10.7% | ≈10.7% | 1.8% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | VEEV | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 5.55Y avg ≈4.3 | ≈4.3 | 2.2 | Strong liquidity | |
| Quick Ratio | 1.65Y avg ≈1.6 | ≈1.6 | 1.2 | Strong liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | VEEV | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 16.3%5Y avg ≈17.0% | ≈17.0% | · | · | |
| Revenue CAGR 3Y | 14.0%5Y avg ≈15.1% | ≈15.1% | · | · | |
| Revenue CAGR 5Y | 16.9% | · | · | · | |
| EPS YoY | 25.9%5Y avg ≈18.6% | ≈18.6% | · | · | |
| Net Income YoY | 27.3%5Y avg ≈19.5% | ≈19.5% | · | · | |
| EPS CAGR 3Y | 21.9%5Y avg ≈16.9% | ≈16.9% | · | · | |
| EPS CAGR 5Y | 18.2% | · | · | · | |
| Net Income CAGR 3Y | 23.1%5Y avg ≈17.7% | ≈17.7% | · | · | |
| Net Income CAGR 5Y | 19.1% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | VEEV | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.45Y avg ≈0.5 | ≈0.5 | 0.6 | Weak | |
| Receivables Turnover | 2.85Y avg ≈3.0 | ≈3.0 | 5.2 | Weak | |
| Revenue / Employee | ≈$403.0K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Beat Rate
100.0%
Avg Surprise
4.3%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2027 | Aug 26, 2026 | $2.35 | $2.27 | 3.7% |
| March 31, 2027 | Jun 3, 2026 | $2.24 | $2.17 | 3.2% |
| Sept. 30, 2026 | $2.35 | $2.27 | 3.7% | |
| June 30, 2026 | $2.24 | $2.17 | 3.0% | |
| March 31, 2026 | $2.06 | $1.97 | 4.5% | |
| Dec. 31, 2025 | $2.04 | $1.99 | 2.6% | |
| Sept. 30, 2025 | $1.99 | $1.94 | 2.7% | |
| June 30, 2025 | $1.97 | $1.77 | 11.1% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.20B | $2.75B | $2.36B | $2.16B | $1.85B | $1.47B | $1.10B | $862M | $691M | $551M | $409M | $313M | |
| Cost of Revenue | $782M | $700M | $677M | $609M | $504M | $409M | $303M | $245M | $211M | $174M | $142M | $116M | |
| Gross Profit | $2.41B | $2.05B | $1.69B | $1.55B | $1.35B | $1.06B | $801M | $617M | $479M | $377M | $267M | $198M | |
| R&D Expense | $767M | $693M | $629M | $520M | $382M | $294M | $210M | $159M | $132M | $97M | $66M | $41M | |
| SG&A Expense | $301M | $266M | $247M | $218M | $172M | $149M | $114M | $86M | $60M | $49M | $41M | $30M | |
| Operating Expenses | $1.50B | $1.36B | $1.26B | $1.09B | $842M | $678M | $514M | $394M | $321M | $256M | $188M | $128M | |
| Operating Income | $916M | $691M | $429M | $459M | $505M | $378M | $286M | $223M | $158M | $121M | $79M | $70M | |
| Other Non-op | $278M | $228M | $159M | $50M | $7M | $16M | $27M | $16M | $8M | $2M | $28.0K | $-3M | |
| Pretax Income | $1.19B | $919M | $588M | $509M | $512M | $394M | $314M | $239M | $166M | $122M | $79M | $67M | |
| Income Tax | $286M | $205M | $62M | $21M | $85M | $14M | $13M | $9M | $15M | $45M | $24M | $27M | |
| Net Income | $909M | $714M | $526M | $488M | $427M | $380M | $301M | $230M | $151M | $78M | $54M | $40M | |
| EPS (Basic) | $5.55 | $4.41 | $3.27 | $3.14 | $2.79 | $2.52 | $2.04 | $1.59 | $1.08 | $0.57 | $0.41 | $0.31 | |
| EPS (Diluted) | $5.44 | $4.32 | $3.22 | $3.00 | $2.63 | $2.36 | $1.90 | $1.47 | $0.98 | $0.53 | $0.38 | $0.28 | |
| Shares (Basic) | 163,667,000 | 161,879,000 | 160,532,000 | 155,385,000 | 153,251,000 | 150,666,000 | 147,796,000 | 144,244,000 | 140,311,000 | 135,698,000 | 132,020,000 | 127,713,000 | |
| Shares (Diluted) | 166,995,000 | 165,232,000 | 163,486,000 | 162,437,000 | 162,277,000 | 160,732,000 | 158,296,000 | 156,117,000 | 153,681,000 | 147,578,000 | 144,977,000 | 144,204,000 | |
| EBITDA | $916M | $691M | $429M | $459M | $505M | $378M | $286M | $223M | $151M | $108M | $79M | $70M |
Balance Sheet
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.42B | $1.12B | $703M | $886M | $1.14B | $731M | $477M | $551M | $320M | $218M | $132M | $129M | |
| Short-term Investments | · | · | · | · | · | · | · | · | $442M | $301M | $214M | $269M | |
| Receivables | $1.26B | $1.02B | $852M | $703M | $631M | $564M | $390M | $303M | $225M | $183M | $145M | $93M | |
| Prepaid Expense | $126M | $101M | $87M | $81M | $37M | $36M | $22M | $22M | $12M | $10M | $10M | $6M | |
| Other Current Assets | · | · | · | · | · | · | · | · | · | · | · | $6M | |
| Current Assets | $8.00B | $6.31B | $5.00B | $3.97B | $3.11B | $2.31B | $1.53B | $1.43B | $1.01B | $712M | $501M | $502M | |
| PP&E (Net) | $70M | $56M | $59M | $50M | $54M | $54M | $55M | $55M | $52M | $50M | $47M | $28M | |
| PP&E (Gross) | $104M | $87M | $95M | $82M | $85M | $83M | $80M | $71M | $65M | $59M | $52M | $31M | |
| Accum. Depreciation | $34M | $31M | $37M | $32M | $30M | $30M | $25M | $16M | $13M | $9M | $4M | $2M | |
| Goodwill | $440M | $440M | $440M | $440M | $440M | $436M | $439M | $96M | $96M | $96M | $96M | $5M | |
| Intangibles | $30M | $44M | $63M | $82M | $102M | $115M | $135M | $25M | $31M | $39M | $48M | $5M | |
| Other Non-current Assets | $62M | $57M | $43M | $39M | $25M | $18M | $16M | $8M | $6M | $4M | $5M | $4M | |
| Total Assets | $8.98B | $7.34B | $5.91B | $4.80B | $3.82B | $3.05B | $2.27B | $1.65B | $1.23B | $917M | $706M | $545M | |
| Accounts Payable | $38M | $30M | $32M | $42M | $20M | $23M | $19M | $9M | $7M | $6M | $5M | $4M | |
| Accrued Liabilities | · | · | · | · | · | · | · | · | · | · | · | $9M | |
| Current Liabilities | $1.64B | $1.40B | $1.18B | $1.01B | $841M | $716M | $551M | $401M | $306M | $247M | $186M | $136M | |
| Capital Leases | $84M | $66M | $46M | $50M | $44M | $51M | $44M | · | · | · | · | · | |
| Deferred Tax | $558.0K | $587.0K | $2M | $1M | $2M | $2M | $2M | $6M | $11M | $13M | $11M | $170.0K | |
| Other Non-current Liabilities | $43M | $43M | $39M | $30M | $18M | $11M | $8M | $9M | $7M | $5M | $4M | $2M | |
| Total Liabilities | $1.76B | $1.51B | $1.27B | $1.09B | $905M | $780M | $606M | $416M | $324M | $265M | $201M | $138M | |
| Common Stock | $2.0K | $2.0K | $2.0K | · | · | · | · | · | · | · | · | · | |
| Retained Earnings | $4.36B | $3.45B | $2.74B | $2.21B | $1.73B | $1.30B | $920M | $619M | $389M | $213M | $143M | $89M | |
| AOCI | $8M | $-8M | $-11M | $-31M | $-12M | $992.0K | $460.0K | $928.0K | $2M | $111.0K | $172.0K | $26.0K | |
| Stockholders' Equity | $7.21B | $5.83B | $4.64B | $3.72B | $2.91B | $2.27B | $1.67B | $1.24B | $906M | $678M | $522M | $407M | |
| Liabilities + Equity | $8.98B | $7.34B | $5.91B | $4.80B | $3.82B | $3.05B | $2.27B | $1.65B | $1.23B | $917M | $706M | $545M | |
| Shares Outstanding | 163,778,271 | 162,583,789 | 161,260,172 | 158,244,607 | 154,196,597 | 152,056,808 | 149,095,583 | · | · | · | · | · |
Cash Flow
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | · | · | · | · | · | $20M | $14M | $14M | $14M | $8M | $4M | |
| Stock-based Comp | $473M | $437M | $394M | $352M | $235M | $185M | $116M | $76M | · | · | · | · | |
| Deferred Tax | $65M | $-112M | $-105M | $-128M | $11M | $-1M | $-7M | $-8M | $1M | $-1M | $-6M | $-4M | |
| Amort. of Intangibles | $14M | $19M | $19M | $19M | $19M | $20M | $10M | $7M | $8M | $8M | $4M | $2M | |
| Operating Cash Flow | $1.42B | $1.09B | $911M | $780M | $764M | $551M | $437M | $311M | $233M | $144M | $80M | $68M | |
| CapEx | · | · | · | · | · | · | $3M | $8M | $10M | $7M | $21M | $27M | |
| Investing Cash Flow | $-1.10B | $-700M | $-1.08B | $-1.01B | $-346M | $-334M | $-517M | $-104M | $-155M | $-97M | · | · | |
| Stock Repurchased | $170M | $0 | $0 | · | · | · | · | · | · | · | · | · | |
| Net Stock Activity | $-170M | · | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-9M | $26M | $-16M | $-19M | $-4M | $34M | $10M | $26M | $21M | $38M | · | · | |
| Net Change in Cash | $302M | $414M | $-183M | $-252M | $410M | $252M | $-72M | $231M | $103M | $85M | $3M | $-133M | |
| Taxes Paid | $230M | $322M | $134M | $168M | $59M | $18M | $14M | $20M | $12M | $14M | $20M | $2M | |
| Free Cash Flow | · | · | · | · | · | · | $434M | $302M | $224M | $137M | $59M | $41M |
Profitability
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.5% | 74.5% | 71.4% | 71.7% | 72.8% | 72.1% | 72.5% | 71.5% | 69.2% | 68.1% | 65.2% | 63.1% | |
| Operating Margin | 28.7% | 25.2% | 18.2% | 21.3% | 27.3% | 25.8% | 25.9% | 25.9% | 22.0% | 19.9% | 19.2% | 22.3% | |
| Net Margin | 28.4% | 26.0% | 22.2% | 22.6% | 23.1% | 25.9% | 27.3% | 26.7% | 20.7% | 12.7% | 13.3% | 12.9% | |
| Pretax Margin | 37.4% | 33.5% | 24.9% | 23.6% | 27.7% | 26.9% | 28.4% | 27.7% | 23.1% | 20.2% | 19.2% | 21.4% | |
| EBITDA Margin | 28.7% | 25.2% | 18.2% | 21.3% | 27.3% | 25.8% | 25.9% | 25.9% | 22.0% | 19.9% | 19.2% | 22.3% | |
| ROA | 11.1% | 10.8% | 9.8% | 11.3% | 12.5% | 14.3% | 15.3% | 15.9% | 13.4% | 8.5% | 8.7% | 8.8% | |
| ROE | 13.1% | 12.6% | 11.7% | 13.7% | 15.0% | 17.4% | 18.7% | 19.4% | 18.3% | 11.7% | 11.9% | 11.8% | |
| ROIC | 9.7% | 9.2% | 8.3% | 11.8% | 14.5% | 16.1% | 16.5% | 17.3% | 15.5% | 10.4% | 10.8% | 10.3% |
Liquidity & Solvency
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.9 | 4.5 | 4.2 | 3.9 | 3.7 | 3.2 | 2.8 | 3.6 | 3.2 | 2.9 | 2.7 | 3.7 | |
| Quick Ratio | 1.6 | 1.5 | 1.3 | 1.6 | 2.1 | 1.8 | 1.6 | 2.1 | 3.2 | 2.8 | 2.6 | 3.6 |
Efficiency
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 | 0.7 | |
| Receivables Turnover | 2.8 | 2.9 | 3.0 | 3.2 | 3.1 | 3.1 | 3.2 | 3.3 | 3.3 | 3.3 | 3.4 | 4.1 |
Per Share
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $44.05 | $35.87 | $28.80 | $23.48 | · | · | · | · | · | · | · | · | |
| Revenue / Share | $19.13 | $16.62 | $14.46 | $13.27 | $11.40 | $9.12 | $6.97 | $5.52 | $4.46 | $3.69 | $2.82 | $2.17 | |
| Cash Flow / Share | $8.47 | $6.60 | $5.57 | $4.80 | $4.71 | $3.43 | $2.76 | $1.99 | $1.52 | $0.98 | $0.55 | $0.47 | |
| Cash / Share | $8.68 | $6.88 | $4.36 | $5.60 | · | · | · | · | · | · | · | · | |
| EPS (TTM) | $5.44 | $4.32 | $3.22 | $3.00 | $2.63 | $2.36 | $1.90 | $1.47 | $0.98 | $0.53 | $0.38 | $0.28 |
Growth Rates
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 16.3% | 16.2% | 9.7% | 16.4% | 26.3% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 14.0% | 14.1% | 17.3% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 16.9% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 25.9% | 34.2% | 7.3% | 14.1% | 11.4% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 21.9% | 18.0% | 10.9% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 18.2% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 27.3% | 35.8% | 7.8% | 14.1% | 12.5% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 23.1% | 18.7% | 11.4% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 19.1% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.20B | $2.75B | $2.36B | $2.16B | $1.85B | $1.47B | $1.10B | $862M | $691M | $551M | $409M | $313M | |
| Net Income TTM | $909M | $714M | $526M | $488M | $427M | $380M | $301M | $230M | $151M | $78M | $54M | $40M | |
| Market Cap | $33.40B | $37.92B | $33.45B | $26.99B | · | · | · | · | · | · | · | · | |
| P/E | 37.5 | 54.0 | 64.4 | 56.9 | 89.9 | 117.1 | 77.2 | 74.2 | 64.1 | 79.9 | 63.4 | 102.7 | |
| P/S | 10.5 | 13.8 | 14.2 | 12.5 | · | · | · | · | · | · | · | · | |
| P/B | 4.6 | 6.5 | 7.2 | 7.3 | · | · | · | · | · | · | · | · | |
| P / Tangible Book | 5.0 | 7.1 | 8.1 | 8.5 | · | · | · | · | · | · | · | · | |
| P / Cash Flow | 23.6 | 34.8 | 36.7 | 34.6 | · | · | · | · | · | · | · | · | |
| Earnings Yield | 2.7% | 1.8% | 1.6% | 1.8% | 1.1% | 0.85% | 1.3% | 1.4% | 1.6% | 1.2% | 1.6% | 0.97% |
Income Statement
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $928M | $883M | $836M | $811M | $789M | $759M | $721M | $699M | $676M | $650M | $631M | $617M | $590M | $526M | $563M | $552M | |
| Cost of Revenue | $232M | $221M | $213M | $199M | $195M | $174M | $181M | $174M | $170M | $174M | $174M | $168M | $169M | $167M | $164M | $154M | |
| Gross Profit | $696M | $662M | $622M | $612M | $594M | $585M | $540M | $525M | $506M | $476M | $457M | $449M | $421M | $360M | $399M | $398M | |
| R&D Expense | $223M | $208M | $199M | $192M | $193M | $184M | $182M | $172M | $176M | $163M | $164M | $161M | $157M | $147M | $143M | $130M | |
| SG&A Expense | $71M | $69M | $68M | $68M | $96M | $69M | $71M | $72M | $61M | $61M | $59M | $62M | $63M | $63M | $59M | $53M | |
| Operating Expenses | $421M | $389M | $377M | $371M | $398M | $351M | $351M | $343M | $339M | $321M | $321M | $320M | $317M | $298M | $290M | $277M | |
| Operating Income | $275M | $273M | $246M | $241M | $196M | $234M | $188M | $181M | $166M | $155M | $135M | $128M | $104M | $62M | $109M | $121M | |
| Other Non-op | $75M | $74M | $72M | $72M | $69M | $65M | $57M | $61M | $59M | $52M | $47M | $42M | $39M | $30M | $26M | $12M | |
| Pretax Income | $350M | $348M | $318M | $313M | $265M | $299M | $245M | $242M | $225M | $207M | $183M | $171M | $143M | $92M | $135M | $134M | |
| Income Tax | $76M | $87M | $73M | $77M | $65M | $71M | $50M | $56M | $54M | $45M | $35M | $36M | $31M | $-40M | $-53M | $25M | |
| Net Income | $273M | $261M | $244M | $236M | $200M | $228M | $196M | $186M | $171M | $162M | $147M | $135M | $112M | $132M | $189M | $108M | |
| EPS (Basic) | $1.68 | $1.60 | $1.48 | $1.44 | $1.23 | $1.40 | $1.20 | $1.15 | $1.06 | $1.00 | $0.91 | $0.84 | $0.70 | $0.82 | $1.21 | $0.70 | |
| EPS (Diluted) | $1.66 | $1.57 | $1.48 | $1.40 | $1.19 | $1.37 | $1.17 | $1.13 | $1.04 | $0.98 | $0.90 | $0.83 | $0.68 | $0.81 | $1.15 | $0.67 | |
| Shares (Basic) | 162,344,000 | 163,345,000 | · | 164,049,000 | 163,496,000 | 162,749,000 | · | 161,987,000 | 161,708,000 | 161,421,000 | · | 160,768,000 | 160,396,000 | 159,852,000 | · | 155,392,000 | |
| Shares (Diluted) | 165,057,000 | 165,989,000 | · | 168,935,000 | 167,685,000 | 166,229,000 | · | 164,979,000 | 164,564,000 | 164,394,000 | · | 163,761,000 | 163,284,000 | 162,521,000 | · | 162,295,000 | |
| EBITDA | $275M | $273M | · | $241M | $196M | $234M | · | $181M | $166M | $155M | · | $128M | $104M | $62M | · | $121M |
Balance Sheet
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.81B | $1.90B | $1.42B | $1.66B | $1.93B | $1.96B | $1.12B | $1.04B | $1.17B | $1.20B | $703M | $744M | $743M | $1.09B | $886M | $865M | |
| Receivables | $497M | $568M | $1.26B | $314M | $422M | $493M | $1.02B | $256M | $365M | $362M | · | $256M | $379M | $413M | · | $243M | |
| Prepaid Expense | $138M | $123M | $126M | $103M | $118M | $98M | $101M | $83M | $79M | $79M | · | $93M | $76M | $122M | · | $39M | |
| Current Assets | $7.95B | $8.06B | $8.00B | $7.11B | $6.99B | $6.71B | $6.31B | $5.45B | $5.37B | $5.24B | · | $4.34B | $4.36B | $4.19B | · | $3.39B | |
| PP&E (Net) | $79M | $73M | $70M | $66M | $61M | $59M | $56M | $56M | $57M | $58M | · | $58M | $57M | $50M | · | $51M | |
| PP&E (Gross) | · | · | $104M | · | · | · | $87M | $97M | $96M | $96M | · | $93M | $91M | $83M | · | $83M | |
| Accum. Depreciation | · | · | $34M | · | · | · | $31M | $41M | $39M | $38M | · | $35M | $34M | $33M | · | $31M | |
| Goodwill | $493M | $488M | $440M | $440M | $440M | $440M | $440M | $440M | $440M | $440M | · | $440M | $440M | $440M | · | $440M | |
| Intangibles | $56M | $56M | $30M | $33M | $36M | $41M | $44M | $49M | $53M | $58M | · | $68M | $73M | $78M | · | $87M | |
| Other Non-current Assets | $60M | $66M | $62M | $61M | $60M | $62M | $57M | $56M | $55M | $52M | · | $38M | $39M | $36M | · | $34M | |
| Total Assets | $9.06B | $9.13B | $8.98B | $8.10B | $8.00B | $7.77B | $7.34B | $6.45B | $6.33B | $6.19B | · | $5.23B | $5.23B | $5.02B | · | $4.18B | |
| Accounts Payable | $36M | $41M | $38M | $33M | $34M | $37M | $30M | $32M | $28M | $32M | · | $36M | $50M | $44M | · | $41M | |
| Current Liabilities | $1.46B | $1.70B | $1.64B | $945M | $1.26B | $1.46B | $1.40B | $857M | $1.07B | $1.22B | · | $768M | $1.00B | $1.01B | · | $690M | |
| Capital Leases | $137M | $90M | $84M | $79M | $75M | $67M | $66M | $63M | $44M | $45M | · | · | · | · | · | · | |
| Deferred Tax | $2M | $1M | $558.0K | $367.0K | $439.0K | $526.0K | $587.0K | $475.0K | $591.0K | $705.0K | · | $1M | $1M | $1M | · | $2M | |
| Other Non-current Liabilities | $34M | $32M | $43M | $32M | $31M | $30M | $43M | $31M | $31M | $29M | · | $29M | $24M | $25M | · | $22M | |
| Total Liabilities | $1.63B | $1.83B | $1.76B | $1.06B | $1.36B | $1.55B | $1.51B | $951M | $1.15B | $1.30B | · | $846M | $1.08B | $1.08B | · | $764M | |
| Common Stock | $2.0K | $2.0K | $2.0K | $2.0K | $2.0K | $2.0K | $2.0K | $2.0K | $2.0K | $2.0K | · | · | · | · | · | · | |
| Retained Earnings | $4.90B | $4.62B | $4.36B | $4.12B | $3.88B | $3.68B | $3.45B | $3.26B | $3.07B | $2.90B | · | $2.59B | $2.46B | $2.35B | · | $2.03B | |
| AOCI | $-46M | $-20M | $8M | $10M | $-2M | $9M | $-8M | $-6M | $-6M | $-31M | · | $-38M | $-34M | $-26M | · | $-46M | |
| Stockholders' Equity | $7.43B | $7.30B | $7.21B | $7.04B | $6.64B | $6.21B | $5.83B | $5.50B | $5.18B | $4.89B | $4.64B | $4.38B | $4.15B | $3.94B | $3.72B | $3.42B | |
| Liabilities + Equity | $9.06B | $9.13B | $8.98B | $8.10B | $8.00B | $7.77B | $7.34B | $6.45B | $6.33B | $6.19B | · | $5.23B | $5.23B | $5.02B | · | $4.18B | |
| Shares Outstanding | 161,834,760 | 162,942,747 | 163,778,271 | 164,342,871 | 163,877,694 | 162,975,081 | 162,583,789 | 162,158,468 | 161,830,287 | 161,624,611 | 161,260,172 | 160,965,687 | 160,622,618 | 160,200,232 | 158,244,607 | · |
Cash Flow
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $137M | $119M | $118M | $120M | $122M | $112M | $115M | $118M | $108M | $96M | $99M | $101M | $103M | $91M | $96M | $93M | |
| Deferred Tax | $12M | $14M | $15M | $18M | $59M | $-27M | $-21M | $-31M | $-33M | $-27M | $-25M | $-33M | $-25M | $-22M | $-43M | $-31M | |
| Amort. of Intangibles | $4M | $3M | $2M | $4M | $4M | $4M | $4M | $5M | $5M | $5M | $4M | $5M | $5M | $5M | $4M | $5M | |
| Operating Cash Flow | $239M | $1.13B | $107M | $193M | $238M | $877M | $70M | $164M | $93M | $764M | $58M | $83M | $265M | $506M | $63M | $143M | |
| Investing Cash Flow | $-64M | $-389M | $-168M | $-495M | $-389M | $-52M | $-16M | $-298M | $-114M | $-272M | $-87M | $-73M | $-619M | $-297M | $-39M | $-406M | |
| Stock Repurchased | $246M | $227M | · | · | $0 | $0 | · | · | · | · | · | · | · | · | · | · | |
| Net Stock Activity | · | $-227M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-259M | $-263M | $-178M | $33M | $116M | $20M | $21M | $13M | $-11M | $4M | $-10M | $-7M | $3M | $-1M | $-2M | $-11M | |
| Net Change in Cash | $-84M | $475M | $-239M | $-270M | $-35M | $846M | $74M | $-121M | $-32M | $494M | $-40M | $1M | $-351M | $207M | $21M | $-275M | |
| Taxes Paid | $144M | $7M | $65M | $38M | $113M | $14M | $83M | $76M | $159M | $4M | $34M | $94M | $6M | $1M | $57M | $3M |
Profitability
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.0% | 75.0% | · | 75.4% | 75.3% | 77.1% | · | 75.1% | 74.8% | 73.3% | · | 72.8% | 71.4% | 68.3% | · | 72.1% | |
| Operating Margin | 29.6% | 30.9% | · | 29.7% | 24.8% | 30.8% | · | 25.9% | 24.6% | 23.9% | · | 20.8% | 17.6% | 11.7% | · | 22.0% | |
| Net Margin | 29.5% | 29.5% | · | 29.1% | 25.4% | 30.1% | · | 26.6% | 25.3% | 24.9% | · | 21.9% | 18.9% | 25.0% | · | 19.6% | |
| Pretax Margin | 37.7% | 39.4% | · | 38.6% | 33.6% | 39.4% | · | 34.6% | 33.3% | 31.8% | · | 27.7% | 24.2% | 17.4% | · | 24.2% | |
| EBITDA Margin | 29.6% | 30.9% | · | 29.7% | 24.8% | 30.8% | · | 25.9% | 24.6% | 23.9% | · | 20.8% | 17.6% | 11.7% | · | 22.0% | |
| ROA | 3.2% | 3.1% | · | 3.2% | 2.8% | 3.3% | · | 3.2% | 3.0% | 2.9% | · | 2.9% | 2.4% | 2.9% | · | 2.9% | |
| ROE | 3.9% | 3.9% | · | 3.8% | 3.4% | 4.1% | · | 3.8% | 3.7% | 3.7% | · | 3.5% | 3.0% | 3.8% | · | 3.5% | |
| ROIC | 2.9% | 2.8% | · | 2.6% | 2.2% | 2.9% | · | 2.5% | 2.4% | 2.5% | · | 2.3% | 2.0% | 2.2% | · | 2.9% |
Liquidity & Solvency
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.5 | 4.7 | · | 7.5 | 5.6 | 4.6 | · | 6.4 | 5.0 | 4.3 | · | 5.6 | 4.4 | 4.2 | · | 4.9 | |
| Quick Ratio | 1.6 | 1.4 | · | 2.1 | 1.9 | 1.7 | · | 1.5 | 1.4 | 1.3 | · | 1.3 | 1.1 | 1.5 | · | 1.6 |
Efficiency
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Receivables Turnover | 2.0 | 1.7 | · | 2.8 | 2.0 | 1.8 | · | 2.7 | 1.8 | 1.7 | · | 2.5 | 1.7 | 1.4 | · | 2.4 |
Per Share
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $45.92 | $44.83 | · | $42.84 | $40.51 | $38.11 | · | $33.93 | $32.04 | $30.25 | · | $27.21 | $25.85 | $24.61 | · | · | |
| Revenue / Share | $5.62 | $5.32 | · | $4.80 | $4.71 | $4.57 | · | $4.24 | $4.11 | $3.96 | · | $3.76 | $3.61 | $3.24 | · | $3.40 | |
| Cash Flow / Share | · | $6.79 | · | · | · | $5.28 | · | · | · | $4.64 | · | $0.50 | $1.62 | $3.11 | · | $0.88 | |
| Cash / Share | $11.20 | $11.64 | · | $10.10 | $11.78 | $12.06 | · | $6.44 | $7.20 | $7.41 | · | $4.62 | $4.62 | $6.83 | · | · | |
| EPS (TTM) | $6.11 | $5.64 | · | $5.13 | $4.86 | $4.71 | · | $4.05 | $3.75 | $3.39 | · | $3.47 | $3.31 | $3.19 | · | $2.45 |
Valuation (TTM)
| Metric | Trend | Q2 2027 | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3.46B | $3.32B | · | $3.08B | $2.97B | $2.86B | · | $2.66B | $2.57B | $2.49B | · | $2.30B | $2.23B | $2.18B | · | $2.08B | |
| Net Income TTM | $1.01B | $942M | · | $860M | $810M | $781M | · | $666M | $615M | $556M | · | $567M | $540M | $519M | · | $396M | |
| Market Cap | $32.98B | $25.41B | · | $47.86B | $46.57B | $38.09B | · | $33.86B | $31.06B | $32.09B | · | $31.02B | $32.80B | $28.69B | · | · | |
| P/E | 33.4 | 27.7 | · | 56.8 | 58.5 | 49.6 | · | 51.6 | 51.2 | 58.6 | · | 55.5 | 61.7 | 56.1 | · | 68.5 | |
| P/S | 9.5 | 7.7 | · | 15.5 | 15.7 | 13.3 | · | 12.7 | 12.1 | 12.9 | · | 13.5 | 14.7 | 13.2 | · | · | |
| P/B | 4.4 | 3.5 | · | 6.8 | 7.0 | 6.1 | · | 6.2 | 6.0 | 6.6 | · | 7.1 | 7.9 | 7.3 | · | · | |
| P / Tangible Book | 4.8 | 3.8 | · | 7.3 | 7.6 | 6.6 | · | 6.8 | 6.6 | 7.3 | · | 8.0 | 9.0 | 8.4 | · | · | |
| P / Cash Flow | · | 22.5 | · | · | · | 43.4 | · | · | · | 42.0 | · | 375.6 | 123.8 | 56.7 | · | · | |
| Earnings Yield | 3.0% | 3.6% | · | 1.8% | 1.7% | 2.0% | · | 1.9% | 1.9% | 1.7% | · | 1.8% | 1.6% | 1.8% | · | 1.5% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 |
|---|---|---|---|---|---|
| Revenue | $3.20B | $2.75B | $2.36B | $2.16B | $1.85B |
| Gross Margin % | 75.5% | 74.5% | 71.4% | 71.7% | 72.8% |
| Operating Margin % | 28.7% | 25.2% | 18.2% | 21.3% | 27.3% |
| Net Income | $909M | $714M | $526M | $488M | $427M |
| Diluted EPS | $5.44 | $4.32 | $3.22 | $3.00 | $2.63 |
| Metric | 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 |
|---|---|---|---|---|---|
| Current Ratio | 4.9 | 4.5 | 4.2 | 3.9 | 3.7 |
| Quick Ratio | 1.6 | 1.5 | 1.3 | 1.6 | 2.1 |
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 1,160 filers · $28.2B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
1,160
Value held
$28.2B
New positions
198
Exited positions
147
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 198 (+50 vs prior Q) | 147 (-44 vs prior Q) | 395 (+2 vs prior Q) | 361 (-16 vs prior Q) | +6.7M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $3,430,792,403 | 15,368,868 | 12.15% | Shares |
| BlackRock, Inc. | $2,282,708,369 | 12,862,503 | 8.08% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $1,720,192,219 | 9,692,862 | 6.09% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,315,894,440 | 7,414,743 | 4.66% | Shares |
| STATE STREET CORP | $1,190,275,140 | 6,706,909 | 4.21% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $883,669,272 | 4,979,210 | 3.13% | Shares |
| ALLIANCEBERNSTEIN L.P. | $863,074,143 | 4,913,322 | 3.06% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $797,398,594 | 4,508,933 | 2.82% | Shares |
| Linonia Partnership LP | $782,571,357 | 4,409,598 | 2.77% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $615,468,318 | 3,498,371 | 2.18% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $384,259,464 | 2,165,208 | 1.36% | Shares |
| FEDERATED HERMES, INC. | $349,976,342 | 1,972,031 | 1.24% | Shares |
| Pictet Asset Management Holding SA | $346,363,499 | 1,951,769 | 1.23% | Shares |
| VAN ECK ASSOCIATES CORP | $311,017,239 | 1,752,506 | 1.10% | Shares |
| JPMORGAN CHASE & CO | $281,986,746 | 1,600,195 | 1.00% | Shares |
| Invesco Ltd. | $277,910,035 | 1,565,955 | 0.98% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $272,856,716 | 1,553,323 | 0.97% | Shares |
| MORGAN STANLEY | $269,744,514 | 1,519,941 | 0.96% | Shares |
| GOLDMAN SACHS GROUP INC | $255,581,028 | 1,440,137 | 0.90% | Shares |
| NORTHERN TRUST CORP | $250,768,660 | 1,413,020 | 0.89% | Shares |
| NORGES BANK | $249,138,243 | 1,403,833 | 0.88% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $227,568,716 | 1,282,294 | 0.81% | Shares |
| BANK OF AMERICA CORP /DE/ | $217,556,037 | 1,225,875 | 0.77% | Shares |
| EDMOND DE ROTHSCHILD HOLDING S.A. | $208,932,946 | 1,177,286 | 0.74% | Shares |
| Swedbank AB | $192,333,467 | 1,083,752 | 0.68% | Shares |
| Legal & General Group Plc | $191,471,319 | 1,078,894 | 0.68% | Shares |
| UBS Group AG | $170,519,211 | 960,834 | 0.60% | Shares |
| TWO SIGMA INVESTMENTS, LP | $167,444,187 | 943,507 | 0.59% | Shares |
| DEUTSCHE BANK AG\ | $153,558,935 | 865,267 | 0.54% | Shares |
| Bank of New York Mellon Corp | $152,832,197 | 861,172 | 0.54% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $149,150,047 | 840,424 | 0.53% | Shares |
| Robeco Institutional Asset Management B.V. | $147,431,430 | 830,740 | 0.52% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $147,292,655 | 847,045 | 0.52% | Shares |
| Fundsmith LLP | $144,954,834 | 816,785 | 0.51% | Shares |
| LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA | $140,493,805 | 791,648 | 0.50% | Shares |
| Amundi | $140,109,178 | 789,481 | 0.50% | Shares |
| BAILLIE GIFFORD & CO | $137,879,638 | 776,918 | 0.49% | Shares |
| BLAIR WILLIAM & CO/IL | $133,252,033 | 750,843 | 0.47% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $132,375,228 | 745,902 | 0.47% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $128,204,192 | 722,431 | 0.45% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $126,723,164 | 714,054 | 0.45% | Shares |
| RGM Capital, LLC | $124,243,568 | 556,572 | 0.44% | Shares |
| Nuveen, LLC | $109,438,119 | 616,657 | 0.39% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $97,570,699 | 549,787 | 0.35% | Shares |
| ROYAL BANK OF CANADA | $88,988,000 | 501,423 | 0.32% | Shares |
| Emergence GP Partners, LLC | $88,735,000 | 500,000 | 0.31% | Shares |
| Nellore Capital Management LLC | $85,986,877 | 484,515 | 0.30% | Shares |
| Allianz Asset Management GmbH | $82,611,931 | 465,498 | 0.29% | Shares |
| FIRST TRUST ADVISORS LP | $81,431,979 | 458,849 | 0.29% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $79,940,000 | 450,440 | 0.28% | Shares |
Company insiders 32 insiders · 13 officers · 14 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Peter P Gassner | Chief Executive Officer | June 19, 2024 A | 12,187,333 | 0 | 0 | $0 |
| Brian Van Wagener | Chief Financial Officer | July 1, 2026 M | 9,325 | 0 | 0 | $0 |
| Brent R Bowman | Former Chief Financial Officer | April 1, 2024 M | 8,824 | 0 | 0 | $0 |
| Eleni Nitsa Zuppas | President & Chief of Staff | July 1, 2026 M | 33,418 | 0 | 1 | $-1,839,720 |
| Thomas D. Schwenger | Pres. & Chief Customer Officer | Sept. 14, 2026 S | 18,449 | 0 | 9 | $-14,523,448 |
| Vipin Kondath | Chief Accounting Officer | July 1, 2026 M | 2,783 | 0 | 0 | $0 |
| Jonathan Faddis | SVP, Gen. Counsel, Secretary | July 1, 2026 M | 9,328 | 0 | 3 | $-4,593,146 |
| Kristine Diamond | Chief Accounting Officer | Oct. 1, 2025 M | 1,142 | 0 | 0 | $0 |
| Stacey Epstein | Chief Marketing Officer | July 1, 2024 M | 558 | 0 | 0 | $0 |
| Alan Mateo | EVP Global Sales | April 23, 2024 S | 21,983 | 0 | 0 | $0 |
| Michele O'Connor | Chief Accounting Officer | July 1, 2023 M | 8,523 | 0 | 0 | $0 |
| Frederic Lequient | SVP Global Customer Services | Aug. 27, 2022 M | 3,090 | 0 | 0 | $0 |
| Frank Defesche | SVP, Global Customer Services | March 21, 2016 C | 1,256 | 0 | 0 | $0 |
| Priscilla Hung | Director | Sept. 9, 2026 S | 3,242 | 0 | 3 | $-427,635 |
| Timothy S Cabral | Director | Sept. 1, 2026 M | 1,526 | 0 | 0 | $0 |
| Gordon Ritter | Director | Sept. 1, 2026 M | 1,136 | 0 | 0 | $0 |
| Matthew J Wallach | Director | Sept. 1, 2026 M | 107,393 | 0 | 0 | $0 |
| Mary Lynne Hedley | Director | Sept. 1, 2026 M | 7,629 | 0 | 0 | $0 |
| Mark T Carges | Director | Sept. 1, 2026 M | 493 | 0 | 0 | $0 |
| Paul J Sekhri | Director | Sept. 1, 2026 M | 15,651 | 0 | 0 | $0 |
| Marshall Mohr | Director | Sept. 1, 2026 M | 6,501 | 0 | 0 | $0 |
| Nimrata Hunt | Director | June 1, 2025 M | 4,202 | 0 | 0 | $0 |
| Paul Edward Chamberlain | Director | June 12, 2023 S | 16,942 | 0 | 0 | $0 |
| Ronald E F Codd | Director | June 1, 2022 M | 663 | 0 | 0 | $0 |
| Timothy C Barabe | Director | June 22, 2021 M | 6,643 | 0 | 0 | $0 |
| Kevin Spain | Director | June 24, 2014 C | 0 | 0 | 0 | $0 |
| Mark Armenante | 10% owner | April 19, 2016 C | 0 | 0 | 0 | $0 |
| Young A Sohn | 10% owner | April 15, 2016 C | 0 | 0 | 0 | $0 |
| Maja Kristin | 10% owner | May 5, 2014 C | 1,329 | 0 | 0 | $0 |
| Jenna Mitchell | 10% owner | March 31, 2014 C | 0 | 0 | 0 | $0 |
| James Burr Ramsey | 10% owner | March 31, 2014 C | 0 | 0 | 0 | $0 |
| Craig Ramsey | 10% owner | March 31, 2014 C | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 115 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| IHF · iShares Trust | 5.74% | 288,516 SH | Sept. 11, 2026 | Daily |
| NUMG · Nushares ETF Trust | 2.80% | 48,128 NS | July 31, 2026 | N-PORT |
| SMRI · EA Series Trust | 2.33% | 73,828 NS | July 31, 2026 | N-PORT |
| RSPH · Invesco Exchange-Traded Fund Trust | 1.79% | 55,228 SH | Oct. 2, 2026 | Daily |
| CVAR · ETF Opportunities Trust | 1.55% | 3,263 NS | July 31, 2026 | N-PORT |
| HTEC · EXCHANGE TRADED CONCEPTS TRUST | 1.22% | 4,131 NS | July 31, 2026 | N-PORT |
| FDND · First Trust Exchange-Traded Fund IV | 1.21% | 578 NS | July 31, 2026 | N-PORT |
| FXH · First Trust Exchange-Traded AlphaDE… | 0.97% | 49,923 NS | July 31, 2026 | N-PORT |
| LSEQ · Harbor ETF Trust | 0.87% | 650 NS | July 31, 2026 | N-PORT |
| WEBL · Direxion Shares ETF Trust | 0.78% | 3,592 NS | July 31, 2026 | N-PORT |
| ESUM · Strategy Shares | 0.71% | 6,328 NS | July 31, 2026 | N-PORT |
| IYH · iShares Trust | 0.63% | 87,336 SH | Sept. 11, 2026 | Daily |
| UPSD · ETF Series Solutions | 0.60% | 3,427 NS | July 31, 2026 | N-PORT |
| COWZ · Pacer Funds Trust | 0.58% | 531,675 NS | July 31, 2026 | N-PORT |
| VOT · VANGUARD INDEX FUNDS | 0.57% | 1,124,661 SH | Aug. 19, 2026 | Daily |
| IMCG · iShares Trust | 0.54% | 82,868 SH | Sept. 11, 2026 | Daily |
| COWG · Pacer Funds Trust | 0.54% | 58,359 NS | July 31, 2026 | N-PORT |
| IXJ · iShares Trust | 0.50% | 78,720 SH | Sept. 11, 2026 | Daily |
| NULC · Nushares ETF Trust | 0.45% | 1,567 NS | July 31, 2026 | N-PORT |
| FHLC · FIDELITY COVINGTON TRUST | 0.43% | 69,951 NS | July 31, 2026 | N-PORT |
| IWS · iShares Trust | 0.38% | 223,096 SH | Sept. 11, 2026 | Daily |
| EGUS · iShares Trust | 0.38% | 405 SH | Sept. 11, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.38% | 441,965 SH | Aug. 19, 2026 | Daily |
| CURE · Direxion Shares ETF Trust | 0.35% | 2,954 NS | July 31, 2026 | N-PORT |
| SIZE · iShares Trust | 0.31% | 5,023 SH | Sept. 11, 2026 | Daily |
| IWR · iShares Trust | 0.29% | 611,551 SH | Sept. 11, 2026 | Daily |
| SUSA · iShares Trust | 0.28% | 43,199 SH | Sept. 11, 2026 | Daily |
| IMCB · iShares Trust | 0.27% | 17,553 SH | Sept. 11, 2026 | Daily |
| VO · VANGUARD INDEX FUNDS | 0.25% | 3,181,242 SH | Aug. 19, 2026 | Daily |
| LRGF · iShares Trust | 0.23% | 32,172 SH | Sept. 11, 2026 | Daily |
| RSP · Invesco Exchange-Traded Fund Trust | 0.22% | 748,476 SH | Oct. 2, 2026 | Daily |
| XOEF · iShares Trust | 0.22% | 188 SH | Sept. 11, 2026 | Daily |
| EUSA · iShares, Inc. | 0.21% | 15,544 SH | Sept. 11, 2026 | Daily |
| HDUS · Lattice Strategies Trust | 0.20% | 2,031 NS | July 31, 2026 | N-PORT |
| LRND · New York Life Investments ETF Trust | 0.19% | 3,667 NS | July 31, 2026 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.18% | 4,215 NS | July 31, 2026 | N-PORT |
| PABU · iShares Trust | 0.18% | 17,080 SH | Sept. 11, 2026 | Daily |
| USXF · iShares Trust | 0.15% | 8,733 SH | Sept. 11, 2026 | Daily |
| ESGU · iShares Trust | 0.15% | 104,704 SH | Sept. 11, 2026 | Daily |
| CATH · Global X Funds | 0.14% | 9,261 NS | July 31, 2026 | N-PORT |
| ILCG · iShares Trust | 0.12% | 14,667 SH | Sept. 11, 2026 | Daily |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.12% | 19,984 SH | Oct. 2, 2026 | Daily |
| HEQQ · J.P. Morgan Exchange-Traded Fund Tr… | 0.12% | 172 NS | July 31, 2026 | N-PORT |
| SUSL · iShares Trust | 0.11% | 5,137 SH | Sept. 11, 2026 | Daily |
| RILA · Spinnaker ETF Series | 0.11% | 235 NS | July 31, 2026 | N-PORT |
| DSI · iShares Trust | 0.11% | 22,345 SH | Sept. 11, 2026 | Daily |
| IWD · iShares Trust | 0.11% | 332,118 SH | Sept. 11, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.10% | 2,896 SH | Oct. 2, 2026 | Daily |
| VEGN · ETF Series Solutions | 0.10% | 883 NS | July 31, 2026 | N-PORT |
| CHRI · Global X Funds | 0.09% | 36 NS | July 31, 2026 | N-PORT |
| AQLT · iShares Trust | 0.09% | 1,135 SH | Sept. 11, 2026 | Daily |
| VUG · VANGUARD INDEX FUNDS | 0.09% | 1,954,753 SH | Aug. 19, 2026 | Daily |
| IQSU · New York Life Investments ETF Trust | 0.09% | 1,395 NS | July 31, 2026 | N-PORT |
| WRND · New York Life Investments ETF Trust | 0.08% | 42 NS | July 31, 2026 | N-PORT |
| EGLE · Global X Funds | 0.07% | 8 NS | July 31, 2026 | N-PORT |
| GLBL · Pacer Funds Trust | 0.07% | 4 NS | July 31, 2026 | N-PORT |
| TOPC · iShares Trust | 0.07% | 91 SH | Sept. 11, 2026 | Daily |
| USCL · iShares Trust | 0.07% | 7,723 SH | Sept. 11, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.07% | 90,078 SH | Aug. 19, 2026 | Daily |
| CRBN · iShares Trust | 0.07% | 3,129 SH | Sept. 11, 2026 | Daily |
| IVW · iShares Trust | 0.07% | 198,534 SH | Sept. 11, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.07% | 7,596 NS | July 31, 2026 | N-PORT |
| XVV · iShares Trust | 0.07% | 1,721 SH | Sept. 11, 2026 | Daily |
| IUSG · iShares Trust | 0.07% | 82,937 SH | Sept. 11, 2026 | Daily |
| GLOF · iShares Trust | 0.07% | 505 SH | Sept. 11, 2026 | Daily |
| PBP · Invesco Exchange-Traded Fund Trust | 0.06% | 892 SH | Oct. 2, 2026 | Daily |
| QLC · FlexShares Trust | 0.06% | 3,136 NS | July 31, 2026 | N-PORT |
| PBUS · Invesco Exchange-Traded Fund Trust … | 0.06% | 25,355 SH | Oct. 2, 2026 | Daily |
| IVV · iShares Trust | 0.06% | 1,892,643 SH | Sept. 11, 2026 | Daily |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.06% | 2,045 SH | Oct. 2, 2026 | Daily |
| ILCB · iShares Trust | 0.06% | 2,917 SH | Sept. 11, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.06% | 42,767 NS | July 31, 2026 | N-PORT |
| IWB · iShares Trust | 0.06% | 103,992 SH | Sept. 11, 2026 | Daily |
| IYY · iShares Trust | 0.06% | 6,387 SH | Sept. 11, 2026 | Daily |
| XTR · Global X Funds | 0.06% | 13 NS | July 31, 2026 | N-PORT |
| PHDG · Invesco Actively Managed Exchange-T… | 0.05% | 119 SH | Oct. 2, 2026 | Daily |
| ITOT · iShares Trust | 0.05% | 197,083 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.05% | 40,826 SH | Sept. 11, 2026 | Daily |
| XCLR · Global X Funds | 0.05% | 9 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.05% | 120,217 NS | July 31, 2026 | N-PORT |
| IVE · iShares Trust | 0.05% | 95,367 SH | Sept. 11, 2026 | Daily |
| VOOG · VANGUARD ADMIRAL FUNDS | 0.05% | 69,230 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.05% | 33,754 SH | Aug. 19, 2026 | Daily |
| TOV · EA Series Trust | 0.05% | 631 NS | July 31, 2026 | N-PORT |
| XYLD · Global X Funds | 0.05% | 7,913 NS | July 31, 2026 | N-PORT |
| XRMI · Global X Funds | 0.05% | 122 NS | July 31, 2026 | N-PORT |
| XYLG · Global X Funds | 0.05% | 152 NS | July 31, 2026 | N-PORT |
| IUSV · iShares Trust | 0.05% | 50,157 SH | Sept. 11, 2026 | Daily |
| BBUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.05% | 20,670 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.05% | 2,533 NS | July 31, 2026 | N-PORT |
| TOK · iShares Trust | 0.05% | 421 SH | Sept. 11, 2026 | Daily |
| BKLC · BNY Mellon ETF Trust | 0.05% | 12,319 NS | July 31, 2026 | N-PORT |
| SPUU · Direxion Shares ETF Trust | 0.04% | 567 NS | July 31, 2026 | N-PORT |
| PTLC · Pacer Funds Trust | 0.04% | 6,892 NS | July 31, 2026 | N-PORT |
| QDPL · Pacer Funds Trust | 0.04% | 3,588 NS | July 31, 2026 | N-PORT |
| URTH · iShares, Inc. | 0.04% | 13,130 SH | Sept. 11, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.04% | 41,118 NS | July 31, 2026 | N-PORT |
| VOO · VANGUARD INDEX FUNDS | 0.04% | 3,899,674 SH | Aug. 19, 2026 | Daily |
| VV · VANGUARD INDEX FUNDS | 0.04% | 171,439 SH | Aug. 19, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.04% | 4,661,718 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.04% | 24,553 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.04% | 12,556 SH | Aug. 19, 2026 | Daily |
| HCMT · Direxion Shares ETF Trust | 0.04% | 1,044 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.04% | 23,030 NS | July 31, 2026 | N-PORT |
| ACWI · iShares Trust | 0.04% | 46,905 SH | Sept. 11, 2026 | Daily |
| SPXL · Direxion Shares ETF Trust | 0.04% | 11,740 NS | July 31, 2026 | N-PORT |
| VOXP · Advisors Series Trust | 0.03% | 9 NS | July 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.03% | 10,959 SH | Oct. 2, 2026 | Daily |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.03% | 13,130 SH | Aug. 19, 2026 | Daily |
| ACVF · ETF Opportunities Trust | 0.03% | 220 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.03% | 4,667 NS | July 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.03% | 2,844 NS | July 31, 2026 | N-PORT |
| DFLV · Dimensional ETF Trust | 0.02% | 8,283 NS | July 31, 2026 | N-PORT |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.02% | 127,457 SH | Aug. 19, 2026 | Daily |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.02% | 6,553 SH | Oct. 2, 2026 | Daily |
VEEV Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 36 analysts
BUY
Median target
$300.00
+9.8%
9 25.0%
Strong Buy
17 47.2%
Buy
9 25.0%
Hold
1 2.8%
Sell
0 0.0%
Strong Sell
12-Month Price Target
27 analysts · 2026-10-03Mean target $297.30 +8.8%
Now
Current price $273.33
Low$180.00
Mean$297.30
High$350.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| VEEV | $33.40B | 37.5 | 16.3% | 28.4% | 13.1% | 75.5% |
| DOCS | $4.27B | 23.8 | 13.1% | 30.4% | 19.2% | 89.1% |
| WAY | $6.27B | 53.7 | 16.5% | 10.2% | 3.2% | · |
| HTFL | $2.49B | -9.2 | 39.9% | -66.3% | 39.3% | 76.8% |
| SDGR | · | -12.7 | 23.3% | -40.4% | -29.2% | 55.7% |
| CERT | $1.40B | -881.0 | 8.8% | -0.38% | -0.15% | · |
| GDRX | · | 30.1 | 0.57% | 3.8% | 4.8% | · |
| TDOC | $1.25B | -6.1 | -1.5% | -7.9% | -14.3% | · |
| HSTM | $682M | 37.8 | 4.3% | 6.0% | 5.2% | · |
| PHR | · | 335.8 | 14.5% | 0.48% | 0.73% | · |
Latest News Recent headlines mentioning this company
Ahead of May 7, Upcoming S&P 500 Inclusion Makes Veeva Systems Stock a Buy
Yahoo Finance · 4 months, 3 weeks ago
Veeva Systems Just Joined the S&P 500. 3 Reasons to Buy It and 1 Not To.
Nasdaq · 4 months, 4 weeks ago
Interesting VEEV Put And Call Options For July 17th
Nasdaq · 5 months ago
What Makes Veeva Systems Inc (VEEV)’s Future Bright?
Yahoo Finance · 5 months, 2 weeks ago
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Source: SEC 10-Q filed Aug 27, 2026