Veeva Systems Q4 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
- Nov 1, 2025 – Jan 31, 2026
- Reported
- Mar 20, 2026
Revenue$0.84B
+16% year over year
Gross profit$0.62B
74% margin
Operating profit$0.25B
29% margin
Net profit$0.24B
29% margin
The numbers
| 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 |
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