Veeva Systems

VEEV · Health Care · Market cap $32.6B

Q1 FY27 Apr 30, 2026 reported Jun 5, 2026

Revenue$0.9B +16% year over year

Gross profit$0.7B

Operating profit$0.3B

Net profit$0.3B 30% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q1 FY27 (period ends Apr 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	0.9	100%	+16%
Subscription	0.7	78%
Professional services and other	0.2	22%	+23%
Cost of revenue	−0.2	22%
Gross profit	0.7	75% margin	−2pp
Research & development	−0.2	24%	−1pp
Sales & marketing	−0.1	13%	+0pp
G&A	−0.1	8%	−1pp
Operating profit	0.3	31% margin	+0pp
Tax	−0.1
Net profit	0.3	30%	−1pp

All figures in billions of U.S. dollars, for Q4 FY26 (period ends Jan 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	0.8	100%	+16%
Subscription and Circulation	0.7	88%	+16%
Technology Service	0.1	12%	+14%
Cost of revenue	−0.2	25%
Gross profit	0.6	74% margin	+0pp
Research & development	−0.2	24%	−1pp
Sales & marketing	−0.1	13%	−1pp
G&A	−0.1	8%	−2pp
Operating profit	0.2	29% margin	+3pp
Tax	−0.1
Net profit	0.2	29%	+2pp

All figures in billions of U.S. dollars, for Q3 FY26 (period ends Oct 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	0.8	100%	+16%
Subscription services	0.7	88%
Professional services and other	0.1	12%
Cost of revenue	−0.2	25%
Gross profit	0.6	75% margin	+0pp
Research & development	−0.2	24%	−1pp
Sales & marketing	−0.1	14%	+0pp
G&A	−0.1	8%	−2pp
Operating profit	0.2	30% margin	+4pp
Tax	−0.1
Net profit	0.2	29%	+3pp

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jul 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	0.8	100%	+17%
Subscription services	0.7	88%
Professional services and other	0.1	12%
Cost of revenue	−0.2	25%
Gross profit	0.6	75% margin	+0pp
Research & development	−0.2	24%	−2pp
Sales & marketing	−0.1	14%	−1pp
G&A	−0.1	12%	+3pp
Operating profit	0.2	25% margin	+0pp
Tax	−0.1
Net profit	0.2	25%	+0pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY27	Apr 30, 2026	Jun 5, 2026	$0.9B	+16%	33%	$0.3B	30%
Q4 FY26	Nov 1, 2025 – Jan 31, 2026	Mar 20, 2026	$0.8B	+16%	25%	$0.2B	29%
Q3 FY26	Aug 1 – Oct 31, 2025	Nov 21, 2025	$0.8B	+16%	25%	$0.2B	29%
Q2 FY26	May 1 – Jul 31, 2025	Aug 29, 2025	$0.8B	+17%	25%	$0.2B	25%