As of Q3'26 (2025-10-31), VEEV reported a Gross Margin of 75.4%, an Operating Margin of 29.7%, and a Net Profit Margin of 29.1%. These figures represent the latest available data points for the period covered, reflecting strong profitability across all margin metrics. Over the period from Q4'23 to Q3'26, all three margin metrics have shown a general upward trend. Gross Margin has steadily increased from 70.8% to 75.4%, indicating improved cost efficiency. Operating Margin and Net Profit Margin both experienced some volatility in early quarters but have demonstrated consistent growth since Q1'24, with notable jumps in Q1'26. The overall trend suggests strengthening profitability and operational leverage for VEEV throughout the observed timeframe.