Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
VEEVVeeva Systems Inc
The four financial statements
Every company that sells shares in the US files four statements with the SEC. Together they show whether Veeva Systems made money, what it owns and owes, where its cash went, and what changed for its shareholders. Below is every line exactly as Veeva Systems filed it, with what each one means in plain English.
As filed with the SEC on Mar 20, 2026 · the full report · SEC's figures viewer
Income statement · also called the statement of operations, statement of earnings or profit and loss
Did it make money?
Read it from the top down. It starts with everything customers paid (sales), takes away the cost of making what was sold, then the costs of running the company, then interest and tax. What is left at the bottom is profit (net income), the part that belongs to shareholders. It covers a stretch of time: a year, or a quarter.
- People usually check: Are sales growing compared with a year earlier?
- People usually check: How much of each dollar of sales is left at each step (the margins)?
- People usually check: Is profit growing faster or slower than sales?
This yearly report doesn't include a separate income statement in its tagged data.
Extra: What other gains and losses were there?Statement of comprehensive income: Profit, plus gains and losses that skip the income statement.
Some value changes don't count as profit yet: currency moves on businesses abroad, rises or falls in investments it hasn't sold, and some hedges and pension changes. They are added to profit here to give comprehensive income, and they build up in shareholders' equity.
Every line, explained
| Line (tap for what it means) | 12 months to Jan 31, 2026 | 12 months to Jan 31, 2025 | 12 months to Jan 31, 2024 |
|---|---|---|---|
| Revenues | |||
| $3.2B | $2.7B | $2.4B | |
| Cost of revenues | |||
| $782.0M | $699.6M | $677.3M | |
| $2.4B | $2.0B | $1.7B | |
| Operating expenses | |||
| $767.4M | $693.1M | $629.0M | |
| $428.8M | $396.7M | $381.5M | |
| $300.7M | $265.7M | $246.5M | |
| $1.5B | $1.4B | $1.3B | |
| $916.4M | $691.4M | $429.3M | |
| $278.1M | $227.9M | $158.7M | |
| $1.2B | $919.4M | $588.0M | |
| $285.6M | $205.2M | $62.3M | |
| $908.9M | $714.1M | $525.7M | |
| Net income per share | |||
| $5.55 | $4.41 | $3.27 | |
| $5.44 | $4.32 | $3.22 | |
| Weighted Average Number of Shares Outstanding, Diluted | |||
| 163.7M shares | 161.9M shares | 160.5M shares | |
| 167.0M shares | 165.2M shares | 163.5M shares | |
| Other comprehensive income | |||
| $17.4M | $4.1M | $22.0M | |
| −$786.0K | −$1.9M | −$1.5M | |
| $925.5M | $716.4M | $546.2M | |
Split by Subscription, Professional services and other
| Subscription | |||
|---|---|---|---|
| Sales (Total revenues) | $2.7B | $2.3B | $1.9B |
| Cost of making what it sold (Total cost of revenues) | $362.9M | $323.1M | $290.6M |
| Professional services and other | |||
| Sales (Total revenues) | $511.1M | $462.0M | $462.1M |
| Cost of making what it sold (Total cost of revenues) | $419.1M | $376.6M | $386.7M |