Veeva Systems debt and dilution—

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Cash & equivalents

USD millions

$1,812.012M

Net debt

USD millions

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Debt / equity

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Debt / assets

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Net debt / EBITDA

× · TTM

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Debt / FCF

× · TTM

—

Reported borrowing balances are unavailable in the extracted statements for this period.

Interest coverage

× · TTM

—

The reported inputs required for this metric are unavailable in the extracted statements for this period.

Current ratio

5.46×

Diluted shares

Million shares

165.06M shares

Basic shares

Million shares

162.34M shares

Share count growth

-0.7%

Share repurchases

USD millions

$245.726M

Quarterly data

Veeva Systems capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2027 Q2	Jul 31, 2026	—	1,812.01	—	—	—	—	—	—	5.46×	165.06	162.34	-0.7%	245.73
FY 2027 Q1	Apr 30, 2026	—	1,896.58	—	—	—	—	—	—	4.74×	165.99	163.35	0.37%	226.95
FY 2026 Q4	Jan 31, 2026	—	1,421.23	—	—	—	—	—	—	4.89×	164.15	163.64	0.77%	—
FY 2026 Q3	Oct 31, 2025	—	1,660.14	—	—	—	—	—	—	7.53×	168.94	164.05	1.27%	—
FY 2026 Q2	Jul 31, 2025	—	1,930.43	—	—	—	—	—	—	5.57×	167.69	163.5	1.11%	0
FY 2026 Q1	Apr 30, 2025	—	1,964.98	—	—	—	—	—	—	4.6×	166.23	162.75	0.82%	0
FY 2025 Q4	Jan 31, 2025	—	1,118.79	—	—	—	—	—	—	4.51×	166.41	162.39	0.81%	—
FY 2025 Q3	Oct 31, 2024	—	1,044.51	—	—	—	—	—	—	6.36×	164.98	161.99	0.76%	—
FY 2025 Q2	Jul 31, 2024	—	1,165.75	—	—	—	—	—	—	5.01×	164.56	161.71	0.82%	—
FY 2025 Q1	Apr 30, 2024	—	1,197.2	—	—	—	—	—	—	4.29×	164.39	161.42	0.98%	—
FY 2024 Q4	Jan 31, 2024	—	703.49	—	—	—	—	—	—	4.24×	164.55	161.09	2.83%	—
FY 2024 Q3	Oct 31, 2023	—	743.71	—	—	—	—	—	—	5.64×	163.76	160.77	3.46%	—
FY 2024 Q2	Jul 31, 2023	—	742.61	—	—	—	—	—	—	4.35×	163.28	160.4	3.51%	—
FY 2024 Q1	Apr 30, 2023	—	1,093.63	—	—	—	—	—	—	4.16×	162.52	159.85	3.45%	—
FY 2023 Q4	Jan 31, 2023	—	886.47	—	—	—	—	—	—	3.94×	163.17	156.65	1.76%	—
FY 2023 Q3	Oct 31, 2022	—	865.16	—	—	—	—	—	—	4.91×	162.3	155.39	1.22%	—
FY 2023 Q2	Jul 31, 2022	—	1,140.25	—	—	—	—	—	—	4.2×	162.13	154.95	1.22%	—
FY 2023 Q1	Apr 30, 2022	—	1,240	—	—	—	—	—	—	3.73×	161.93	154.51	1.36%	—
FY 2022 Q4	Jan 31, 2022	—	1,138.04	—	—	—	—	—	—	3.7×	161.13	153.94	1.48%	—
FY 2022 Q3	Oct 31, 2021	—	1,149.95	—	—	—	—	—	—	4.95×	163.03	153.51	1.67%	—
FY 2022 Q2	Jul 31, 2021	—	1,064.73	—	—	—	—	—	—	3.97×	162.77	153.09	1.78%	—
FY 2022 Q1	Apr 30, 2021	—	1,184.98	—	—	—	—	—	—	3.52×	162.21	152.44	1.94%	—
FY 2021 Q4	Jan 31, 2021	—	730.5	—	—	—	—	—	—	3.23×	161.37	151.69	1.96%	—
FY 2021 Q3	Oct 31, 2020	—	634.27	—	—	—	—	—	—	4.44×	161.71	150.99	1.91%	—
FY 2021 Q2	Jul 31, 2020	—	795.78	—	—	—	—	—	—	3.56×	160.84	150.41	1.97%	—
FY 2021 Q1	Apr 30, 2020	—	720.78	—	—	—	—	—	—	3.04×	159.47	149.54	1.93%	—
FY 2020 Q4	Jan 31, 2020	—	476.73	—	—	—	—	—	—	2.78×	158.81	148.77	2.13%	—
FY 2020 Q3	Oct 31, 2019	—	892.58	—	—	—	—	—	—	5.4×	158.75	148.16	2.36%	—
FY 2020 Q2	Jul 31, 2019	—	827.47	—	—	—	—	—	—	4.23×	158.68	147.51	2.62%	—
FY 2020 Q1	Apr 30, 2019	—	748.16	—	—	—	—	—	—	3.73×	157.91	146.71	2.75%	—
FY 2019 Q4	Jan 31, 2019	—	550.97	—	—	—	—	—	—	3.57×	157.34	145.67	2.83%	—
FY 2019 Q3	Oct 31, 2018	—	467.64	—	—	—	—	—	—	5×	156.03	144.74	2.75%	—
FY 2019 Q2	Jul 31, 2018	—	511.74	—	—	—	—	—	—	3.91×	155.42	143.75	2.67%	—
FY 2019 Q1	Apr 30, 2018	—	460.24	—	—	—	—	—	—	3.38×	154.94	142.78	4.14%	—
FY 2018 Q4	Jan 31, 2018	—	320.18	—	—	—	—	—	—	3.2×	154.49	141.66	3.14%	—
FY 2018 Q3	Oct 31, 2017	—	310.8	—	—	—	—	—	—	3.95×	154.26	140.86	3.86%	—
FY 2018 Q2	Jul 31, 2017	—	409.23	—	—	—	—	—	—	3.26×	153.78	140.01	3.61%	—
FY 2018 Q1	Apr 30, 2017	—	365.66	—	—	—	—	—	—	2.93×	151.06	137.1	2.31%	—
FY 2017 Q4	Jan 31, 2017	—	217.61	—	—	—	—	—	—	2.88×	149.08	137.35	3.36%	—
FY 2017 Q3	Oct 31, 2016	—	206.08	—	—	—	—	—	—	3.52×	147.44	135.62	2.42%	—
FY 2017 Q2	Jul 31, 2016	—	210.37	—	—	—	—	—	—	2.82×	147.16	135.13	2.52%	—
FY 2017 Q1	Apr 30, 2016	—	245.94	—	—	—	—	—	—	2.65×	145.71	134	2.16%	—
FY 2016 Q4	Jan 31, 2016	—	132.18	—	—	—	—	—	—	2.69×	145.18	132.88	1.94%	—
FY 2016 Q3	Oct 31, 2015	—	108.59	—	—	—	—	—	—	3.13×	145.06	132.41	2.48%	—
FY 2016 Q2	Jul 31, 2015	—	119.78	—	—	—	—	—	—	3.89×	144.87	131.8	3.52%	—
FY 2016 Q1	Apr 30, 2015	—	107.56	—	—	—	—	—	—	3.72×	144.73	131.16	5.86%	—
FY 2015 Q4	Jan 31, 2015	—	129.25	—	—	—	—	—	—	3.7×	144.74	130.35	6.34%	—
FY 2015 Q3	Oct 31, 2014	—	132.14	—	—	—	—	—	—	4.17×	144.29	129.21	260.91%	—
FY 2015 Q2	Jul 31, 2014	—	140.12	—	—	—	—	—	—	4.1×	143.35	127.31	—	—
FY 2015 Q1	Apr 30, 2014	—	188.89	—	—	—	—	—	—	4.14×	142.85	123.9	—	—
FY 2014 Q4	Jan 31, 2014	—	262.51	—	—	—	—	—	—	4.08×	143.22	122.58	—	—
FY 2014 Q3	Oct 31, 2013	—	257.14	—	—	—	—	—	—	4.68×	131.96	35.8	—	—

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · VEEV, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.