• Veeva Systems average operating margin for 2023 was 18.67%, a 25.62% increase from 2022.
• Veeva Systems average operating margin for 2022 was 25.1%, a 6.38% decline from 2021.
• Veeva Systems average operating margin for 2021 was 26.81%, a 6.6% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.