Veeva Systems Inc. vs Workday, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsVertical SaaS
Data as of Q3 2026
Summary Verdict
VEEV: 4—WDAY: 1wins
Rule of 40
107.7VEEV
37.2WDAY
check_circleVEEV leads
Revenue Growth
24.2%VEEV
18.1%WDAY
check_circleVEEV leads
Gross Margin
75%VEEV
98%WDAY
check_circleWDAY leads
FCF Margin
83.5%VEEV
19.2%WDAY
check_circleVEEV leads
Operating Margin
28.9%VEEV
11.6%WDAY
check_circleVEEV leads
NRR
—VEEV
—WDAY
Metric
Rule of 40Efficiency score
VEEV
107.7check_circle
WDAY
37.2
Revenue GrowthYoY
VEEV
24.2%check_circle
WDAY
18.1%
Gross Margin% of revenue
VEEV
75%
WDAY
98%check_circle
FCF MarginFree cash flow
VEEV
83.5%check_circle
WDAY
19.2%
Operating MarginGAAP
VEEV
28.9%check_circle
WDAY
11.6%
NRRNet retention
VEEV
N/A
WDAY
N/A
EV / RevenueValuation multiple
VEEV
12.8x
WDAY
5.3xcheck_circle
Market CapUSD
VEEV
$44.7B
WDAY
$51.3Bcheck_circle
ARR GrowthYoY
VEEV
N/A
WDAY
N/A
CAC PaybackMonths to recover
VEEV
N/A
WDAY
N/A
insights
Analysis
As of Q3 2026, Veeva Systems Inc. trades at 12.8x EV/Revenue versus Workday, Inc. at 5.3x. On the Rule of 40, Veeva Systems Inc. scores 107.7 compared to Workday, Inc.'s 37.2, placing Veeva Systems Inc. ahead in operating efficiency. Gross margins stand at Veeva Systems Inc. 75% vs Workday, Inc. 98%.
Sector Context
Veeva Systems Inc. operates in the Vertical SaaS sector and Workday, Inc. operates in the HR Tech sector. The median comparison above shows where they stand relative to their respective peers.