Veeva Systems
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Veeva Systems's past years’ income statements indicate that its last revenue has increased compared to the previous period by 10% to $2,363,673,000. The net income raised on $525,705,000 and profit margin reached 22%. Total operating expenses were $1,257,048,000.
Profit Margin
| 2015 | 313.22M | 40.38M | 12.89% |
|---|---|---|---|
| 2016 | 409.22M | 54.46M | 13.31% |
| 2017 | 544.04M | 68.80M | 12.65% |
| 2018 | 685.57M | 141.96M | 20.71% |
| 2019 | 862.21M | 229.83M | 26.66% |
| 2020 | 1.10B | 301.11M | 27.27% |
| 2021 | 1.46B | 379.99M | 25.94% |
| 2022 | 1.85B | 427.39M | 23.09% |
| 2023 | 2.15B | 487.70M | 22.63% |
| 2024 | 2.36B | 525.70M | 22.24% |
VEEV Income Statement (2015 – 2024)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 2.36B | 2.15B | 1.85B | 1.46B | 1.10B | 862.21M | 685.57M | 544.04M | 409.22M | 313.22M |
Cost of revenue | 677.29M | 609.40M | 503.67M | 408.92M | 303.36M | 245.28M | 211.43M | 173.68M | 142.21M | 115.65M |
Gross profit | 1.68B | 1.54B | 1.34B | 1.05B | 800.71M | 616.92M | 474.13M | 370.36M | 267.00M | 197.56M |
Operating exp. | ||||||||||
Research and development | 629.03M | 520.27M | 382.03M | 294.22M | 209.89M | 158.78M | 132.05M | 96.75M | 65.97M | 41.15M |
Selling and marketing | 381.47M | 348.69M | 288.06M | 235.01M | 190.33M | 148.86M | 130.89M | 116.80M | 80.98M | 56.20M |
Total operating expenses | 1.25B | 1.08B | 841.60M | 678.34M | 514.49M | 394.06M | 323.34M | 262.39M | 188.41M | 127.59M |
Operating income | 429.33M | 459.09M | 505.49M | 377.79M | 286.21M | 222.86M | 150.79M | 107.96M | 78.58M | 69.96M |
Other income (expenses), net | 158.68M | 50.00M | 6.81M | 16.19M | 27.47M | 15.77M | 7.84M | 1.66M | 28K | -2.78M |
Income before tax | 588.02M | 509.09M | 512.31M | 393.99M | 313.69M | 238.64M | 158.63M | 109.63M | 78.61M | 67.18M |
Income tax expense | 62.31M | 21.39M | 84.92M | 13.99M | 12.57M | 8.81M | 16.66M | 40.83M | 24.15M | 26.80M |
Net income | 525.70M | 487.70M | 427.39M | 379.99M | 301.11M | 229.83M | 141.96M | 68.80M | 54.46M | 40.38M |
Earnings per share | ||||||||||
Basic EPS | 3.27 | 3.14 | 2.79 | 2.52 | 2.04 | 1.47 | 1.08 | 0.57 | 0.41 | 0.31 |
Diluted EPS | 3.22 | 3 | 2.63 | 2.36 | 1.9 | 1.47 | 0.98 | 0.53 | 0.38 | 0.28 |
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