Veeva Systems Q2 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
- May 1 – Jul 31, 2026
- Reported
- Aug 27, 2026
Revenue$0.93B
+18% year over year
Gross profit$0.70B
75% margin
Operating profit$0.28B
30% margin
Net profit$0.27B
29% margin
The numbers
| 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 |
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