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Veeva Systems (LTS:0LO3) Net Margin % : 26.57% (As of Oct. 2024)


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What is Veeva Systems Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Veeva Systems's Net Income for the three months ended in Oct. 2024 was $186 Mil. Veeva Systems's Revenue for the three months ended in Oct. 2024 was $699 Mil. Therefore, Veeva Systems's net margin for the quarter that ended in Oct. 2024 was 26.57%.

The historical rank and industry rank for Veeva Systems's Net Margin % or its related term are showing as below:

LTS:0LO3' s Net Margin % Range Over the Past 10 Years
Min: 12.89   Med: 22.44   Max: 27.27
Current: 25.07


LTS:0LO3's Net Margin % is ranked better than
94.59% of 665 companies
in the Healthcare Providers & Services industry
Industry Median: 1.86 vs LTS:0LO3: 25.07

Veeva Systems Net Margin % Historical Data

The historical data trend for Veeva Systems's Net 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.

* Premium members only.

Veeva Systems Net Margin % Chart

Veeva Systems Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Net Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.27 25.94 23.09 22.63 22.24

Veeva Systems Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.92 23.37 24.86 25.30 26.57

Competitive Comparison of Veeva Systems's Net Margin %

For the Health Information Services subindustry, Veeva Systems's Net Margin %, along with its competitors' market caps and Net 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's Net Margin % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Veeva Systems's Net Margin % distribution charts can be found below:

* The bar in red indicates where Veeva Systems's Net Margin % falls into.



Veeva Systems Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Veeva Systems's Net Margin for the fiscal year that ended in Jan. 2024 is calculated as

Net Margin=Net Income (A: Jan. 2024 )/Revenue (A: Jan. 2024 )
=525.705/2363.673
=22.24 %

Veeva Systems's Net Margin for the quarter that ended in Oct. 2024 is calculated as

Net Margin=Net Income (Q: Oct. 2024 )/Revenue (Q: Oct. 2024 )
=185.808/699.207
=26.57 %

* 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.


Veeva Systems  (LTS:0LO3) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Veeva Systems Net Margin % Related Terms

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Veeva Systems Business Description

Address
4280 Hacienda Drive, Pleasanton, CA, USA, 94588
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.

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