analyticsVertical SaaS / HR Tech
Data as of Q2 2026
Summary Verdict
VEEV: 4—WDAY: 1wins
Rule of 40
105.9VEEV
33.2WDAY
check_circleVEEV leads
Revenue Growth
18.1%VEEV
13.2%WDAY
check_circleVEEV leads
Gross Margin
76%VEEV
98%WDAY
check_circleWDAY leads
FCF Margin
87.8%VEEV
20.0%WDAY
check_circleVEEV leads
Operating Margin
29.1%VEEV
9.2%WDAY
check_circleVEEV leads
NRR
—VEEV
—WDAY
Metric
Rule of 40Efficiency score
VEEV
105.9check_circle
WDAY
33.2
Revenue GrowthYoY
VEEV
18.1%check_circle
WDAY
13.2%
Gross Margin% of revenue
VEEV
76%
WDAY
98%check_circle
FCF MarginFree cash flow
VEEV
87.8%check_circle
WDAY
20.0%
Operating MarginGAAP
VEEV
29.1%check_circle
WDAY
9.2%
NRRNet retention
VEEV
N/A
WDAY
N/A
EV / RevenueValuation multiple
VEEV
8.3x
WDAY
4.1xcheck_circle
Market CapUSD
VEEV
$28.2B
WDAY
$37.8Bcheck_circle
ARR GrowthYoY
VEEV
N/A
WDAY
N/A
CAC PaybackMonths to recover
VEEV
N/A
WDAY
N/A
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Analysis
As of Q2 2026, Veeva Systems Inc. trades at 8.3x EV/Revenue versus Workday, Inc. at 4.1x. On the Rule of 40, Veeva Systems Inc. scores 105.9 compared to Workday, Inc.'s 33.2, placing Veeva Systems Inc. ahead in operating efficiency. Gross margins stand at Veeva Systems Inc. 76% vs Workday, Inc. 98%.