Veeva Systems Q1 FY27: 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
- Feb 1 – Apr 30, 2026
- Reported
- Jun 5, 2026
Revenue$0.88B
+16% year over year
Gross profit$0.66B
75% margin
Operating profit$0.27B
31% margin
Net profit$0.26B
30% margin
The numbers
| 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 |
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