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Veeva Systems vs Okta: VEEV and OKTA compared
Veeva Systems is the larger company: $928M of revenue in its latest quarter (Q2 FY27) against $805M for Okta (Q2 FY27). Veeva Systems is growing faster (+18% against +11% a year earlier). Veeva Systems is more profitable, with an operating margin of 29.6% against 13.3%.
Where the money goes: VEEV and OKTA
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.
Okta (OKTA) · Q2 FY27
Okta, Q2 FY27: revenue $805M (+11% year over year), operating margin 13.3%, net earnings $116M, operating cash flow $234M. The chart follows the revenue to costs, profit and cash.
| Veeva Systems (VEEV) | Okta (OKTA) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q2 FY27 |
| Revenue | $928M | $805M |
| Revenue growth, Y/Y | +18% | +11% |
| Gross margin | 75.0% | 79.6% |
| Operating margin | 29.6% | 13.3% |
| Net earnings | $273M | $116M |
| Net margin | 29.5% | 14.4% |
| Operating cash flow | $239M | $234M |
| Free cash flow | — | $227M |
| Market value | $50.1B | $30.2B |
| P/E | 49.4× | 101.9× |
| Analysts’ mean target | $319.93 | $214.72 |
Where the revenue comes from
Veeva Systems
- Subscription: $767M (83%)
- Professional services and other: $161M (17%)
Okta
- Subscription: $793M (99%)
- Professional services and other: $12.0M (1%)
Questions
Which is bigger, Veeva Systems or Okta?
Veeva Systems is the larger company: $928M of revenue in its latest quarter (Q2 FY27) against $805M for Okta (Q2 FY27).
Is Veeva Systems or Okta growing faster?
Veeva Systems is growing faster (+18% against +11% a year earlier).
Which is more profitable, Veeva Systems or Okta?
Veeva Systems is more profitable, with an operating margin of 29.6% against 13.3%.
More: Veeva Systems earnings · how Veeva Systems makes money · Okta earnings · how Okta makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 27, 2026; 10-Q filed Aug 27, 2026). Fiscal quarters can end on different dates. Not investment advice.