Veeva Systems
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Q2 FY27 May 1 – Jul 31, 2026
The numbers behind the diagram
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 0.93 | 100% | +18% |
| Subscription | 0.77 | 83% | |
| Professional services | 0.16 | 17% | |
| Cost of revenue | −0.23 | 25% | |
| Gross profit | 0.70 | 75% margin | +0pp |
| R&D | −0.22 | 24% | +0pp |
| Sales & marketing | −0.13 | 14% | +0pp |
| G&A | −0.07 | 7% | −4pp |
| Operating profit | 0.28 | 30% margin | +5pp |
| Other income, net | 0.08 | ||
| Tax | −0.08 | ||
| Net profit | 0.27 | 29% margin | +4pp |
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 0.88 | 100% | +16% |
| Subscription | 0.73 | 83% | |
| Professional services | 0.15 | 17% | |
| Cost of revenue | −0.22 | 25% | |
| Gross profit | 0.66 | 75% margin | −2pp |
| R&D | −0.21 | 24% | −1pp |
| Sales & marketing | −0.11 | 12% | +0pp |
| G&A | −0.07 | 8% | −1pp |
| Operating profit | 0.27 | 31% margin | +0pp |
| Other income, net | 0.07 | ||
| Tax | −0.09 | ||
| Net profit | 0.26 | 30% margin | −1pp |
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 0.84 | 100% | +16% |
| Subscription & circulation | 0.71 | 85% | +16% |
| Technology service | 0.13 | 15% | +14% |
| Cost of revenue | −0.21 | 25% | |
| Gross profit | 0.62 | 74% margin | +0pp |
| R&D | −0.20 | 24% | −1pp |
| Sales & marketing | −0.11 | 13% | −1pp |
| G&A | −0.07 | 8% | −2pp |
| Operating profit | 0.25 | 29% margin | +3pp |
| Other income, net | 0.07 | ||
| Tax | −0.07 | ||
| Net profit | 0.24 | 29% margin | +2pp |
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 0.81 | 100% | +16% |
| Subscription services | 0.68 | 84% | |
| Professional services | 0.13 | 16% | |
| Cost of revenue | −0.20 | 25% | |
| Gross profit | 0.61 | 75% margin | +0pp |
| R&D | −0.19 | 24% | −1pp |
| Sales & marketing | −0.11 | 14% | +0pp |
| G&A | −0.07 | 8% | −2pp |
| Operating profit | 0.24 | 30% margin | +4pp |
| Other income, net | 0.07 | ||
| Tax | −0.08 | ||
| Net profit | 0.24 | 29% margin | +3pp |
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 0.79 | 100% | +17% |
| Subscription services | 0.66 | 84% | |
| Professional services | 0.13 | 16% | |
| Cost of revenue | −0.20 | 25% | |
| Gross profit | 0.59 | 75% margin | +0pp |
| R&D | −0.19 | 24% | −2pp |
| Sales & marketing | −0.11 | 14% | −1pp |
| G&A | −0.10 | 12% | +3pp |
| Operating profit | 0.20 | 25% margin | +0pp |
| Other income, net | 0.07 | ||
| Tax | −0.07 | ||
| Net profit | 0.20 | 25% margin | +0pp |
Financial health
The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.
The balance sheet, capital flow, debt schedule and capital structure open with a free account.
Quarter by quarter
Every set of results we hold, newest first. Open one on its own page. The arrow beside a quarter shows it in the diagram above.
| Quarter | Period | Reported | Revenue | Year over year | Operating margin | Net profit | Net margin |
|---|---|---|---|---|---|---|---|
| Q2 FY27 May 1 – Jul 31, 2026 reported Aug 27, 2026 Operating margin 30% Net profit $0.27B | May 1 – Jul 31, 2026 | Aug 27, 2026 | $0.93B | +18% | 30% | $0.27B | 29% |
| Q1 FY27 Feb 1 – Apr 30, 2026 reported Jun 5, 2026 Operating margin 31% Net profit $0.26B | Feb 1 – Apr 30, 2026 | Jun 5, 2026 | $0.88B | +16% | 31% | $0.26B | 30% |
| Q4 FY26 Nov 1, 2025 – Jan 31, 2026 reported Mar 20, 2026 Operating margin 29% Net profit $0.24B | Nov 1, 2025 – Jan 31, 2026 | Mar 20, 2026 | $0.84B | +16% | 29% | $0.24B | 29% |
| Q3 FY26 Aug 1 – Oct 31, 2025 reported Nov 21, 2025 Operating margin 30% Net profit $0.24B | Aug 1 – Oct 31, 2025 | Nov 21, 2025 | $0.81B | +16% | 30% | $0.24B | 29% |
| Q2 FY26 May 1 – Jul 31, 2025 reported Aug 29, 2025 Operating margin 25% Net profit $0.20B | May 1 – Jul 31, 2025 | Aug 29, 2025 | $0.79B | +17% | 25% | $0.20B | 25% |
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