Veeva SystemsBSP:V2EE34 97 Gross Margin % is 74.98% as of Apr. 2026, which is 4% above its 10-year median of 71.91. GuruFocus rates BSP:V2EE34 with a GF Score™ of 97/100 and a GF Value™ of R$49.24 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 630 Healthcare Providers & Services companies, Veeva Systems ranks better than 82.54% on this metric.
The historical rank and industry rank for Veeva Systems's Gross Margin % or its related term are showing as below:
BSP:V2EE34'
s Gross Margin % Range Over the Past 10 Years
Min: 68.45 Med: 71.91 Max: 75.53
Current: 75.02
During the past 13 years, the highestGross Margin % of Veeva Systems was 75.53%. The lowest was 68.45%. And the median was 71.91%.
BSP:V2EE34's Gross Margin % is ranked better than 82.54% of 630
companies
in the Healthcare Providers & Services industry
Industry Median: 40.075
vs BSP:V2EE34: 75.02
Veeva Systems had a gross margin of 74.98% for the quarter that ended in Apr. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Veeva Systems was 0.90% per year.
Veeva Systems (BSP:V2EE34) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Veeva Systems had a gross margin of 74.98% for the quarter that ended in Apr. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Veeva Systems Gross Margin % Related Terms
Veeva Systems Gross Margin % Historical Data
* Premium members only.
The historical data trend for Veeva Systems's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BSP:V2EE34 vs BTSG, TEM, HQY: Gross Margin % Comparison
For the Health Information Services subindustry, Veeva Systems's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Veeva Systems Gross Margin % vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Veeva Systems's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Veeva Systems's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Veeva Systems (BSP:V2EE34) has a Gross Margin % of 74.98% as of Apr. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Veeva Systems and its competitors. This is near median its historical median of 71.91. Over the past decade, Veeva Systems' Gross Margin % has ranged from 68.45 to 75.53. According to the industry distribution chart, Veeva Systems ranks #110 out of 630 companies in the Healthcare Providers & Services industry, placing it in the top 17.5%.
Is Veeva Systems' Gross Margin % too high?
Veeva Systems' current Gross Margin % of 74.98% is near median its 10-year median of 71.91. Over the past 10 years, this metric has ranged from a low of 68.45 to a high of 75.53. The Healthcare Providers & Services industry median Gross Margin % is 40.08. Veeva Systems' value of 74.98% is 87.1% above this industry median. Based on the distribution chart, Veeva Systems ranks #110 out of 630 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Veeva Systems has a GF Score™ of 97/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Veeva Systems' Gross Margin % compare to BTSG and TEM?
According to the Healthcare Providers & Services industry distribution chart, Veeva Systems ranks #110 out of 630 companies for Gross Margin %. This places Veeva Systems in the top 18% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 40.08. Veeva Systems' value of 74.98% is 87.1% above this benchmark. Historically, Veeva Systems' own Gross Margin % has ranged from 68.45 to 75.53 over the past decade. While the company's 10-year median is 71.91 vs. the industry median of 40.08, Veeva Systems has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Healthcare Providers & Services company?
The median Gross Margin % among Healthcare Providers & Services companies is 40.08, based on 630 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Veeva Systems's current Gross Margin % of 74.98% is 87.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Veeva Systems and its competitors. For the Healthcare Providers & Services industry, the median Gross Margin % is 40.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veeva Systems's current Gross Margin % is 74.98%, which is near median its own 10-year median of 71.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veeva Systems stock overvalued right now?
Based on GuruFocus' analysis, Veeva Systems (BSP:V2EE34) is currently considered Significantly Undervalued. The stock's GF Value™ is R$49.24, compared to a current price of R$30.58 — trading 37.9% below its estimated fair value. The current Gross Margin % is 74.98%, which is near median its 10-year median of 71.91 and 87.1% above the Healthcare Providers & Services industry median of 40.08. Veeva Systems' overall GF Score™ is 97/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Veeva Systems (BSP:V2EE34), the current Gross Margin % is 74.98% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Veeva Systems (BSP:V2EE34) Overvalued in 2026?
Based on GuruFocus' analysis, Veeva Systems stock appears to be undervalued.
The current stock price of R$30.58 is trading 37.9% below its estimated GF Value™ of R$49.24.
GuruFocus considers Veeva Systems to be Significantly Undervalued.
Key valuation signals for BSP:V2EE34:
Gross Margin %: 74.98% (near median its 10-year median of 71.91)
GF Value™: R$49.24 vs. price of R$30.58 (37.9% below fair value)
Industry Position: 87.1% above the Healthcare Providers & Services median (#110 of 630)
No single metric tells the full story. See the BSP:V2EE34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Veeva is the global leading supplier of cloud-based software solutions for the life sciences industry. The company's best-of-breed offerings address operating and regulatory requirements for customers ranging from small, emerging biotechnology companies to departments of global pharmaceutical manufacturers. The company leverages its domain expertise to improve the efficiency and compliance of the underserved life sciences industry, displacing large, highly customized and dated enterprise resource planning systems that have limited flexibility. Its two main products are Veeva CRM, a customer relationship management platform for companies with a salesforce, and Veeva Vault, a content management platform that tackles various functions within any life sciences company.
97GF Score
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