VEEVA SYSTEMS INCVEEVEarnings & Financial Report
Veeva Systems Inc., headquartered in Pleasanton, California, provides cloud software, data, and business consulting for the life sciences industry. Its software is used to manage data, track regulatory registrations, and oversee supply chains. The company is a public benefit corporation.
Revenue
$630.6M
Gross Profit
$456.7M
Operating Profit
$135.3M
Net Profit
$147.4M
Gross Margin
72.4%
Operating Margin
21.4%
Net Margin
23.4%
YoY Growth
11.9%
EPS
$0.90
VEEVA SYSTEMS INC Q4 FY2024 Financial Summary
VEEVA SYSTEMS INC reported revenue of $630.6M (up 11.9% YoY) for Q4 FY2024, with a net profit of $147.4M (down 21.8% YoY) (23.4% margin). Cost of goods sold was $173.9M, operating expenses totaled $321.4M.
Key Financial Metrics
| Total Revenue | $630.6M |
|---|---|
| Net Profit | $147.4M |
| Gross Margin | 72.4% |
| Operating Margin | 21.4% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
VEEVA SYSTEMS INC Q4 FY2024 revenue of $630.6M breaks down across 4 segments, led by Subscription Services Veeva Commercial Cloud at $261.9M (41.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Subscription Services Veeva Commercial Cloud | $261.9M | 41.5% |
| Subscription Services Veeva Research And Development | $259.6M | 41.2% |
| Professional Services Veeva Research And Development | $63.2M | 10.0% |
| Professional Services Veeva Commercial Cloud | $45.9M | 7.3% |
VEEVA SYSTEMS INC Revenue by Segment — Quarterly Trend
VEEVA SYSTEMS INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Subscription Services Veeva Commercial Cloud and Subscription Services Veeva Research And Development) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Subscription Services Veeva Commercial Cloud | $317.6M | $307.5M | — | $293.4M |
| Subscription Services Veeva Research And Development | $364.8M | $351.7M | — | $315.2M |
| Professional Services Veeva Research And Development | $81.3M | $82.2M | — | $66.7M |
| Professional Services Veeva Commercial Cloud | $47.5M | $47.7M | $47.6M | $45.6M |
VEEVA SYSTEMS INC Annual Revenue by Year
VEEVA SYSTEMS INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.7B |
| 2024 | $2.4B |
| 2023 | $2.2B |
| 2022 | $1.9B |
VEEVA SYSTEMS INC Quarterly Revenue & Net Profit History
VEEVA SYSTEMS INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $811.2M | +16.0% | $236.2M | 29.1% |
| Q2 FY2026 | $789.1M | +16.7% | $200.3M | 25.4% |
| Q1 FY2026 | $759.0M | +16.7% | $228.2M | 30.1% |
| Q4 FY2025 | $720.9M | +14.3% | $195.6M | 27.1% |
| Q3 FY2025 | $699.2M | +13.4% | $185.8M | 26.6% |
| Q2 FY2025 | $676.2M | +14.6% | $171.0M | 25.3% |
| Q1 FY2025 | $650.3M | +23.6% | $161.7M | 24.9% |
| Q4 FY2024 | $630.6M | +11.9% | $147.4M | 23.4% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $630.6M | $650.3M | $676.2M | $699.2M | $720.9M | $759.0M | $789.1M | $811.2M |
| YoY Growth | 11.9% | 23.6% | 14.6% | 13.4% | 14.3% | 16.7% | 16.7% | 16.0% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $5.91B | $6.19B | $6.33B | $6.45B | $7.34B | $7.77B | $8.00B | $8.10B |
| Liabilities | $1.27B | $1.30B | $1.15B | $951.5M | $1.51B | $1.55B | $1.36B | $1.06B |
| Equity | $4.64B | $4.89B | $5.18B | $5.50B | $5.83B | $6.21B | $6.64B | $7.04B |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $57.8M | $763.5M | $92.9M | $164.1M | $69.5M | $877.2M | $238.4M | $192.8M |