• Veeva Systems average gross margin for 2023 was 71.06%, a 1.92% increase from 2022.
• Veeva Systems average gross margin for 2022 was 72.45%, a 0.08% decline from 2021.
• Veeva Systems average gross margin for 2021 was 72.39%, a 0.46% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.