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Veeva Systems vs DocuSign: VEEV and DOCU compared
Veeva Systems is the larger company: $928M of revenue in its latest quarter (Q2 FY27) against $876M for DocuSign (Q2 FY27). Veeva Systems is growing faster (+18% against +9% a year earlier). Veeva Systems is more profitable, with an operating margin of 29.6% against 13.4%.
Where the money goes: VEEV and DOCU
Veeva Systems (VEEV) · Q2 FY27
Veeva Systems, Q2 FY27: revenue $928M (+18% year over year), operating margin 29.6%, net earnings $273M, operating cash flow $239M. The chart follows the revenue to costs, profit and cash.
DocuSign (DOCU) · Q2 FY27
DocuSign, Q2 FY27: revenue $876M (+9% year over year), operating margin 13.4%, net earnings $77.7M, operating cash flow $335M. The chart follows the revenue to costs, profit and cash.
| Veeva Systems (VEEV) | DocuSign (DOCU) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q2 FY27 |
| Revenue | $928M | $876M |
| Revenue growth, Y/Y | +18% | +9% |
| Gross margin | 75.0% | 79.7% |
| Operating margin | 29.6% | 13.4% |
| Net earnings | $273M | $77.7M |
| Net margin | 29.5% | 8.9% |
| Operating cash flow | $239M | $335M |
| Free cash flow | — | $296M |
| Market value | $50.1B | $15.0B |
| P/E | 49.4× | 45.4× |
| Analysts’ mean target | $319.93 | $70.37 |
Where the revenue comes from
Veeva Systems
- Subscription: $767M (83%)
- Professional services and other: $161M (17%)
DocuSign
- Subscription and Circulation: $854M (98%)
- Professional Services and Other: $21.8M (2%)
Questions
Which is bigger, Veeva Systems or DocuSign?
Veeva Systems is the larger company: $928M of revenue in its latest quarter (Q2 FY27) against $876M for DocuSign (Q2 FY27).
Is Veeva Systems or DocuSign growing faster?
Veeva Systems is growing faster (+18% against +9% a year earlier).
Which is more profitable, Veeva Systems or DocuSign?
Veeva Systems is more profitable, with an operating margin of 29.6% against 13.4%.
More: Veeva Systems earnings · how Veeva Systems makes money · DocuSign earnings · how DocuSign makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 27, 2026; 10-Q filed Sep 4, 2026). Fiscal quarters can end on different dates. Not investment advice.