Veeva Systems Q2 FY26: where the revenue came from and where it went
The whole income statement of Veeva Systems for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- May 1 – Jul 31, 2025
- Reported
- Aug 29, 2025
Revenue$0.79B
+17% year over year
Gross profit$0.59B
75% margin
Operating profit$0.20B
25% margin
Net profit$0.20B
25% margin
The numbers
| 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 |
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