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
$699.2M
Gross Profit
$524.8M
Operating Profit
$181.4M
Net Profit
$185.8M
Gross Margin
75.1%
Operating Margin
25.9%
Net Margin
26.6%
YoY Growth
13.4%
EPS
$1.13
VEEVA SYSTEMS INC Q3 FY2025 Financial Summary
VEEVA SYSTEMS INC reported revenue of $699.2M (up 13.4% YoY) for Q3 FY2025, with a net profit of $185.8M (up 37.5% YoY) (26.6% margin). Cost of goods sold was $174.4M, operating expenses totaled $343.5M.
Key Financial Metrics
| Total Revenue | $699.2M |
|---|---|
| Net Profit | $185.8M |
| Gross Margin | 75.1% |
| Operating Margin | 25.9% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
VEEVA SYSTEMS INC Q3 FY2025 revenue of $699.2M breaks down across 4 segments, led by Subscription Services Veeva Research And Development at $302.5M (43.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Subscription Services Veeva Research And Development | $302.5M | 43.3% |
| Subscription Services Veeva Commercial Cloud | $278.4M | 39.8% |
| Professional Services Veeva Research And Development | $72.5M | 10.4% |
| Professional Services Veeva Commercial Cloud | $45.9M | 6.6% |
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 Research And Development and Subscription Services Veeva Commercial Cloud) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Subscription Services Veeva Research And Development | $364.8M | $351.7M | — | $315.2M |
| Subscription Services Veeva Commercial Cloud | $317.6M | $307.5M | — | $293.4M |
| 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 |