analyticsVertical SaaS / HR Tech
Data as of Q1 2026
Summary Verdict
VEEV: 4—WDAY: 1wins
Rule of 40
60.5VEEV
42.2WDAY
check_circleVEEV leads
Revenue Growth
16.3%VEEV
13.1%WDAY
check_circleVEEV leads
Gross Margin
76%VEEV
99%WDAY
check_circleWDAY leads
FCF Margin
44.2%VEEV
29.1%WDAY
check_circleVEEV leads
Operating Margin
28.7%VEEV
7.5%WDAY
check_circleVEEV leads
NRR
—VEEV
—WDAY
Metric
Rule of 40Efficiency score
VEEV
60.5check_circle
WDAY
42.2
Revenue GrowthYoY
VEEV
16.3%check_circle
WDAY
13.1%
Gross Margin% of revenue
VEEV
76%
WDAY
99%check_circle
FCF MarginFree cash flow
VEEV
44.2%check_circle
WDAY
29.1%
Operating MarginGAAP
VEEV
28.7%check_circle
WDAY
7.5%
NRRNet retention
VEEV
N/A
WDAY
N/A
EV / RevenueValuation multiple
VEEV
8.3x
WDAY
3.7xcheck_circle
Market CapUSD
VEEV
$27.8B
WDAY
$33.9Bcheck_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 Q1 2026, Veeva Systems Inc. trades at 8.3x EV/Revenue versus Workday, Inc. at 3.7x. On the Rule of 40, Veeva Systems Inc. scores 60.5 compared to Workday, Inc.'s 42.2, placing Veeva Systems Inc. ahead in operating efficiency. Gross margins stand at Veeva Systems Inc. 76% vs Workday, Inc. 99%.