Business
Veeva Announces Share Repurchase Program
Veeva Systems Inc. (NYSE: VEEV), a leading provider of industry cloud solutions for the global life sciences industry, today announced that its Board of Directors approved a share repurchase program with authorization to purchase up to $2 billion of shares of its Class A common stock.
About this update from Veeva Systems Inc.
[{"type":"text","content":"PLEASANTON, Calif., Jan. 5, 2026 /PRNewswire/ -- Veeva Systems Inc. (NYSE: VEEV), a leading provider of industry cloud solutions for the global life sciences industry, today announced that its Board of Directors approved a share repurchase program with authorization to purchase up to $2 billion of shares of its Class A common stock.","length":334,"tagName":"p"},{"type":"image","alt":"Veeva Systems (PRNewsfoto/Veeva Systems)","displaySize":"","headline":null,"caption":"Veeva Systems (PRNewsfoto/Veeva Systems)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":300,"url":"https://media.zenfs.com/en/prnewswire.com/365dc5fee8d98cd52bb1416af70b45d0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/pMLj8LFhjW0Fbj5z9fy1ag--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTUyOTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/365dc5fee8d98cd52bb1416af70b45d0","width":400,"height":300}},"href":"https://mma.prnewswire.com/media/1488285/Veeva_Systems_Logo_v2.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""The breadth of our multi-product business, paired with a focus on operational discipline, innovation, and customer success, continues to drive financial outperformance and robust cash generation. This strength provides Veeva the healthy balance sheet to invest in the significant opportunities ahead and to return capital to shareholders," said chief financial officer Brian Van Wagener. "These ongoing investments in product excellence and the launch of our first ever share repurchase program reflect the confidence we have in our long-term growth trajectory and the enduring value we can deliver across the life sciences industry."","length":665,"tagName":"p"},{"type":"text","content":"Under the program, Veeva may repurchase shares from time to time through open market purchases, in privately negotiated transactions, or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), in accordance with applicable securities laws and other restrictions, including Rule 10b-18 under the Exchange Act. The timing and total amount of any stock repurchases will be determined at management's discretion and depend upon business, economic and market conditi...