Company / R&D Expense
VEEVA SYSTEMS INC R&D Expense History
FY2017-FY2026 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$629.0M
FY2026
5-year range
$520.3M / $767.4M
FY2022-FY2026
Trend
-18.0%
vs FY2025
Sector context
#61 of 264
Information Technology
What the data says
VEEVA SYSTEMS INC's r&d expense of $629M is higher than 77% of companies in the Information Technology sector (FY2026). R&D Expense has fluctuated over the past 10 years, ranging from $132M in FY2017 to $767M in FY2025.
Based on SEC 10-K filings.
$629M in FY2026 with a 5-year CAGR of +24.5%. Top quartile in the Information Technology sector.
Declined from $693M to $629M over the past 2 years.
Information Technology sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +0.0%
- 5-Year CAGR
- +24.5%
- 10-Year CAGR
- -
Sector benchmark
-32.0% below sector average
Key checks
Key Insights
- 5-year CAGR of +24.5%, indicating consistent growth.
- In FY2026, r&d expense decreased 18.0% year-over-year.
- Ranks #61 out of 264 companies in the Information Technology sector.
- Peak r&d expense was recorded in FY2025.
Company context
Key Data Points
- Strong profit margin: 26.0%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2026 | $629.0M | -18.0% |
| FY2025 | $767.4M | +10.7% |
| FY2024 | $693.1M | +10.2% |
| FY2023 | $629.0M | +20.9% |
| FY2022 | $520.3M | +147.9% |
| FY2021 | $209.9M | -28.7% |
| FY2020 | $294.2M | +40.2% |
| FY2019 | $209.9M | +32.2% |
| FY2018 | $158.8M | +20.3% |
| FY2017 | $132.0M | +36.5% |
As of FY2026 · SEC Form 10-K · Last checked Jun 30, 2026