Veeva Systems Inc. (VEEV) Q2 FY2027 Financial Statements: Revenue $927.96M, Net income $273.43M
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PeriodQ2 FY2027
Published
Veeva Systems reported $927.96 million in revenue for Q2 FY2027, the quarter ended July 31, 2026, up 17.6% from a year earlier, of which $766.76 million came from subscriptions, up 16.3%. Net income was $273.43 million, up 36.5%, and diluted earnings per share were $1.66 against $1.19. Operating income was $275.02 million, up 40.4%, partly because the year-earlier quarter carried litigation settlement-related charges tied to Veeva's settlement with IQVIA.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $927,963,000 | up 17.6% |
| Net income | $273,429,000 | up 36.5% |
| Diluted EPS | $1.66 | up 39.5% |
| Subscription revenue | $766,764,000 | up 16.3% |
| Operating income | $275,018,000 | up 40.4% |
Figures link to the filing they came from. Wherever the SEC filing tags a number, that number is linked: click it and the filing opens at the exact line that prints it. Figures calculated here, such as margins, free cash flow and trailing-twelve-month totals, have no line in a filing to point to and are not linked.
About this file
| Ticker | VEEV |
|---|---|
| CIK | 0001393052 |
| Company | Veeva Systems Inc. |
| Business type | software (subscription / SaaS) |
| Schema template | standard (technology): revenue split subscription vs. professional services, gross profit, operating expenses, operating income, net income, EPS; cash and investments, deferred revenue, assets, liabilities, equity; operating cash flow, capital spending, free cash flow, buybacks |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual US dollars (not thousands); per-share figures in dollars; share counts in actual shares |
VEEV annual income statement, balance sheet and cash flow
| FY2026 | FY2025 | FY2024 | |
|---|---|---|---|
| Period start | 2025-02-01 | 2024-02-01 | 2023-02-01 |
| Period end | 2026-01-31 | 2025-01-31 | 2024-01-31 |
| Period type | fiscal year | fiscal year | fiscal year |
| Source accession | 10-K | 10-K | 10-K |
| Balance sheet | |||
| Cash and cash equivalents | 1,421,233,000 | 1,118,785,000 | |
| Short term investments | 5,139,581,000 | 4,031,442,000 | |
| Accounts receivable net | 1,259,737,000 | 1,016,356,000 | |
| Unbilled accounts receivable | 50,609,000 | 40,761,000 | |
| Total current assets | 7,997,630,000 | 6,308,802,000 | |
| Goodwill | 439,877,000 | 439,877,000 | |
| Intangible assets net | 30,314,000 | 44,460,000 | |
| Total assets | 8,979,343,000 | 7,339,756,000 | |
| Deferred revenue current | 1,488,819,000 | 1,273,978,000 | |
| Total current liabilities | 1,637,056,000 | 1,398,404,000 | |
| Total liabilities | 1,764,591,000 | 1,507,383,000 | |
| Retained earnings | 4,363,501,000 | 3,454,595,000 | |
| Total stockholders equity | 7,214,752,000 | 5,832,373,000 | |
| Shares outstanding | 163,778,271 | 162,583,789 | |
| Cash flow | |||
| Depreciation and amortization | 37,972,000 | 39,383,000 | 32,628,000 |
| Operating cash flow | 1,415,225,000 | 1,090,051,000 | 911,339,000 |
| Purchases of short term investments | -3,133,080,000 | -2,581,968,000 | -2,697,968,000 |
| Maturities and sales of short term investments | 2,057,849,000 | 1,902,349,000 | 1,647,813,000 |
| Capex | -29,131,000 | -20,519,000 | -26,196,000 |
| Investing cash flow | -1,104,362,000 | -700,138,000 | -1,076,351,000 |
| Proceeds from stock option exercises | 253,863,000 | 105,538,000 | 62,687,000 |
| Repurchases of common stock | -169,949,000 | 0 | 0 |
| Taxes paid for net share settlement | -93,247,000 | -79,423,000 | -78,875,000 |
| Financing cash flow | -9,333,000 | 26,115,000 | -16,188,000 |
| Net change in cash and restricted cash | 302,449,000 | 414,293,000 | -182,980,000 |
| Cash paid for income taxes | 229,965,000 | 322,048,000 | 134,473,000 |
| Free cash flow | 1,386,094,000 | 1,069,532,000 | 885,143,000 |
| Income statement | |||
| Subscription revenue | 2,684,194,000 | 2,284,659,000 | 1,901,593,000 |
| Professional services and other revenue | 511,117,000 | 461,960,000 | 462,080,000 |
| Total revenues | 3,195,311,000 | 2,746,619,000 | 2,363,673,000 |
| Cost of subscription | 362,888,000 | 323,070,000 | 290,577,000 |
| Cost of professional services and other | 419,131,000 | 376,566,000 | 386,714,000 |
| Total cost of revenues | 782,019,000 | 699,636,000 | 677,291,000 |
| Gross profit | 2,413,292,000 | 2,046,983,000 | 1,686,382,000 |
| Research and development | 767,386,000 | 693,078,000 | 629,031,000 |
| Sales and marketing | 428,798,000 | 396,726,000 | 381,472,000 |
| General and administrative | 300,739,000 | 265,744,000 | 246,545,000 |
| Total operating expenses | 1,496,923,000 | 1,355,548,000 | 1,257,048,000 |
| Operating income | 916,369,000 | 691,435,000 | 429,334,000 |
| Other income net | 278,139,000 | 227,946,000 | 158,689,000 |
| Income before income taxes | 1,194,508,000 | 919,381,000 | 588,023,000 |
| Income tax provision | 285,602,000 | 205,243,000 | 62,318,000 |
| Net income | 908,906,000 | 714,138,000 | 525,705,000 |
| Basic EPS | 5.55 | 4.41 | 3.27 |
| Diluted EPS | 5.44 | 4.32 | 3.22 |
| Basic shares | 163,667,000 | 161,879,000 | 160,532,000 |
| Diluted shares | 166,995,000 | 165,232,000 | 163,486,000 |
| Stock based compensation | 472,703,000 | 437,350,000 | 393,733,000 |
VEEV quarterly income statement, balance sheet and cash flow
| Q2 FY2027 | Q2 FY2026 | |
|---|---|---|
| Fiscal quarter | 2 | 2 |
| Period start | 2026-05-01 | 2025-05-01 |
| Period end | 2026-07-31 | 2025-07-31 |
| Period type | three months | three months |
| Source accession | 10-Q | 10-Q |
| Cash flow source accession | 0001393052-26-000032 | 0001393052-26-000032 |
| Balance sheet | ||
| Cash and cash equivalents | 1,812,012,000 | |
| Short term investments | 5,430,935,000 | |
| Accounts receivable net | 496,677,000 | |
| Unbilled accounts receivable | 68,970,000 | |
| Total current assets | 7,946,227,000 | |
| Goodwill | 492,991,000 | |
| Intangible assets net | 55,647,000 | |
| Total assets | 9,060,223,000 | |
| Deferred revenue current | 1,310,498,000 | |
| Total current liabilities | 1,455,950,000 | |
| Total liabilities | 1,628,774,000 | |
| Retained earnings | 4,897,866,000 | |
| Total stockholders equity | 7,431,449,000 | |
| Shares outstanding | 161,834,760 | |
| Cash flow | ||
| Operating cash flow | 238,709,000 | 238,433,000 |
| Investing cash flow | -63,540,000 | -389,272,000 |
| Financing cash flow | -259,308,000 | 115,689,000 |
| Income statement | ||
| Subscription revenue | 766,764,000 | 659,183,000 |
| Professional services and other revenue | 161,199,000 | 129,898,000 |
| Total revenues | 927,963,000 | 789,081,000 |
| Cost of subscription | 105,677,000 | 93,830,000 |
| Cost of professional services and other | 126,335,000 | 101,423,000 |
| Total cost of revenues | 232,012,000 | 195,253,000 |
| Gross profit | 695,951,000 | 593,828,000 |
| Research and development | 222,918,000 | 192,677,000 |
| Sales and marketing | 126,701,000 | 109,439,000 |
| General and administrative | 71,314,000 | 95,804,000 |
| Total operating expenses | 420,933,000 | 397,920,000 |
| Operating income | 275,018,000 | 195,908,000 |
| Other income net | 74,512,000 | 69,456,000 |
| Income before income taxes | 349,530,000 | 265,364,000 |
| Income tax provision | 76,101,000 | 65,055,000 |
| Net income | 273,429,000 | 200,309,000 |
| Basic EPS | 1.68 | 1.23 |
| Diluted EPS | 1.66 | 1.19 |
| Basic shares | 162,344,000 | 163,496,000 |
| Diluted shares | 165,057,000 | 167,685,000 |
| Stock based compensation | 136,803,000 | 121,966,000 |
VEEV year-to-date income statement and cash flow
| H1 FY2027 | H1 FY2026 | |
|---|---|---|
| Period start | 2026-02-01 | 2025-02-01 |
| Period end | 2026-07-31 | 2025-07-31 |
| Period type | six months | six months |
| Source accession | 10-Q | 10-Q |
| Cash flow | ||
| Depreciation and amortization | 22,458,000 | 19,948,000 |
| Operating cash flow | 1,365,825,000 | 1,115,591,000 |
| Purchases of short term investments | -1,706,632,000 | -1,452,857,000 |
| Maturities and sales of short term investments | 1,345,987,000 | 1,023,691,000 |
| Capex | -9,773,000 | -12,213,000 |
| Acquisitions net of cash acquired | -81,833,000 | 0 |
| Investing cash flow | -452,251,000 | -441,379,000 |
| Proceeds from stock option exercises | 17,143,000 | 182,297,000 |
| Repurchases of common stock | -472,673,000 | 0 |
| Taxes paid for net share settlement | -66,304,000 | -46,228,000 |
| Financing cash flow | -521,834,000 | 136,069,000 |
| Net change in cash and restricted cash | 390,909,000 | 811,646,000 |
| Cash paid for income taxes | 151,543,000 | 126,683,000 |
| Free cash flow | 1,356,052,000 | 1,103,378,000 |
| Income statement | ||
| Subscription revenue | 1,496,939,000 | 1,293,951,000 |
| Professional services and other revenue | 313,972,000 | 254,173,000 |
| Total revenues | 1,810,911,000 | 1,548,124,000 |
| Cost of subscription | 204,780,000 | 172,176,000 |
| Cost of professional services and other | 248,156,000 | 196,901,000 |
| Total cost of revenues | 452,936,000 | 369,077,000 |
| Gross profit | 1,357,975,000 | 1,179,047,000 |
| Research and development | 431,241,000 | 376,710,000 |
| Sales and marketing | 237,818,000 | 208,067,000 |
| General and administrative | 140,786,000 | 164,630,000 |
| Total operating expenses | 809,845,000 | 749,407,000 |
| Operating income | 548,130,000 | 429,640,000 |
| Other income net | 148,930,000 | 134,545,000 |
| Income before income taxes | 697,060,000 | 564,185,000 |
| Income tax provision | 162,695,000 | 135,686,000 |
| Net income | 534,365,000 | 428,499,000 |
| Basic EPS | 3.28 | 2.63 |
| Diluted EPS | 3.22 | 2.56 |
| Basic shares | 162,836,000 | 163,129,000 |
| Diluted shares | 166,072,000 | 167,272,000 |
| Stock based compensation | 256,062,000 | 234,176,000 |
VEEV trailing twelve month income statement and cash flow
| TTM ended July 31, 2026 | |
|---|---|
| Period start | 2025-08-01 |
| Period end | 2026-07-31 |
| Period type | trailing twelve months |
| Source accession | 10-Q |
| Source accessions | 10-K, 10-Q |
| Derived | yes |
| Cash flow | |
| Operating cash flow | 1,665,459,000 |
| Capex | -26,691,000 |
| Depreciation and amortization | 40,482,000 |
| Repurchases of common stock | -642,622,000 |
| Free cash flow | 1,638,768,000 |
| Income statement | |
| Subscription revenue | 2,887,182,000 |
| Professional services and other revenue | 570,916,000 |
| Total revenues | 3,458,098,000 |
| Cost of subscription | 395,492,000 |
| Cost of professional services and other | 470,386,000 |
| Total cost of revenues | 865,878,000 |
| Gross profit | 2,592,220,000 |
| Research and development | 821,917,000 |
| Sales and marketing | 458,549,000 |
| General and administrative | 276,895,000 |
| Total operating expenses | 1,557,361,000 |
| Operating income | 1,034,859,000 |
| Other income net | 292,524,000 |
| Income before income taxes | 1,327,383,000 |
| Income tax provision | 312,611,000 |
| Net income | 1,014,772,000 |
| Stock based compensation | 494,589,000 |
Adjustments
| Splits applied | none |
|---|---|
| ADR ratio | n/a |
| FX | none - Veeva reports in US dollars |
Notes
- Veeva Systems' fiscal year ends January 31. FY2026 is the year ended January 31, 2026; Q2 FY2027 is the quarter ended July 31, 2026.
- Sources: the annual figures for FY2026, FY2025 and FY2024 and the January 31, 2026 and 2025 balance sheets come from the FY2026 Form 10-K (accession 0001393052-26-000014). The Q2 FY2027 and Q2 FY2026 income statements, the July 31, 2026 balance sheet, and the six-month figures come from the Q2 FY2027 Form 10-Q (accession 0001393052-26-000036).
- The 10-Q presents cash flows only for the six months ended July 31. The three-month operating, investing and financing cash flows shown for Q2 FY2027 and Q2 FY2026 come from the GAAP-basis lines of the reconciliation table in the Q2 FY2027 earnings release furnished as Exhibit 99.1 to the Form 8-K filed August 26, 2026 (accession 0001393052-26-000032), recorded on each quarter as cash_flow_source_accession. The release does not print three-month capital spending, so no quarterly free cash flow is given.
- The FY2024 annual period carries an income statement and cash flows but no balance sheet, because the FY2026 10-K presents balance sheets only as of January 31, 2026 and 2025.
- The July 31, 2026 balance sheet is carried on the Q2 FY2027 quarter; the January 31, 2026 balance sheet, which the 10-Q also prints as its comparative, is carried on FY2026 and taken from the 10-K. The two agree.
- capex is the investing line Veeva's cash flow statement captions 'Long-term assets'; the filings describe investing activities as purchases of marketable securities, net of maturities, plus capital expenditures, and this is the only capital-spending line. free_cash_flow is operating cash flow less that line. Veeva does not present a free cash flow figure in these filings; it is calculated here.
- stock_based_compensation in each income statement is the total stock-based compensation disclosed in the footnote beneath the statement of comprehensive income; it is already included in the cost and expense lines above it.
- Share counts: basic_shares and diluted_shares are weighted averages printed in thousands and stated here in actual shares. shares_outstanding is the period-end count: 163,778,271 and 162,583,789 at January 31, 2026 and 2025 from the 10-K balance sheet, and 161,834,760 at July 31, 2026 from the 10-Q statement of stockholders' equity.
- Veeva's balance sheets carry no borrowings line; its liabilities are mainly deferred revenue, accrued items and lease liabilities. No total debt figure is recorded because the filings print none.
- The trailing-twelve-months block (August 1, 2025 to July 31, 2026) is calculated as FY2026 plus the six months ended July 31, 2026 less the six months ended July 31, 2025. Per-share earnings and share counts are not summed across periods, so the block carries no EPS.
- The repurchase lines for FY2025, FY2024 and the six months ended July 31, 2025 are zero because the cash flow statements print a dash for them. Of the periods these filings present, FY2026 is the first with share repurchases.
- Cash flow from acquisitions in the six months ended July 31, 2026 ($81.8 million, net of cash acquired) includes the acquisition the Q2 FY2027 10-Q (accession 0001393052-26-000036) describes as Rise Healthcare Tech, Inc. ('Ostro'), which that 10-Q puts at $90 million of total consideration, or $70 million net of cash acquired; the 10-Q does not itemize the rest of the line. The Q2 FY2027 earnings release (accession 0001393052-26-000032) says Veeva also acquired Copli in the quarter but does not state a price for it.
- No stock splits, currency translation or ADR adjustments apply. Veeva reports in US dollars and its common stock trades directly on the NYSE. All figures are in actual US dollars, scaled up from the thousands the statements print.
Uncertainties
- Three-month cash flows for Q2 FY2027 and Q2 FY2026 come from the earnings release, not the 10-Q, which prints only six-month cash flows. The six-month GAAP operating, investing and financing totals in the release match the 10-Q exactly.
- The trailing-twelve-month figures are calculated, not printed in any filing.
Company details
| Name | Veeva Systems Inc |
|---|---|
| Ticker | VEEV |
| CIK | 0001393052 |
| Exchange | NYSE |
| State | California |
| Incorporation | Delaware |
| SIC | 7372 |
| Office | Technology |
| Industry | Services-Prepackaged Software |
Fiscal period
| Fiscal year | 2027 |
|---|---|
| Fiscal period | Q2 |
| Tag | FY27Q2 |
| Period end | 2026-07-31 |
| Form | 10-Q |
| Accession | 0001393052-26-000036 |
| Fiscal year end | 0131 |
| Source | facts |
Source filings
| Role | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Source |
|---|---|---|---|---|---|---|---|---|---|
| annual | no | 10-K | 2026 | FY | FY26 | 2026-01-31 | 2026-03-20 | 0001393052-26-000014 | reported |
| quarterly | yes | 10-Q | 2027 | Q2 | FY27Q2 | 2026-07-31 | 2026-08-27 | 0001393052-26-000036 | facts |
FAQ · Veeva Systems financial statements
How much revenue did Veeva Systems make in Q2 FY2027?
Veeva Systems reported $927.96 million in revenue for Q2 FY2027, the quarter ended July 31, 2026. That is up 17.6% from $789.08 million in the same quarter a year earlier.
What was Veeva Systems' net income and EPS in Q2 FY2027?
Veeva Systems earned net income of $273.43 million in Q2 FY2027, the quarter ended July 31, 2026, up 36.5% from $200.31 million a year earlier. Diluted earnings per share were $1.66, against $1.19 in the year-earlier quarter.
How fast is Veeva Systems' subscription revenue growing?
Veeva Systems' subscription revenue was $766.76 million in Q2 FY2027, the quarter ended July 31, 2026, up 16.3% from $659.18 million a year earlier. Subscriptions make up most of Veeva's revenue, with the rest coming from professional services.
Why did Veeva Systems' operating income rise in Q2 FY2027?
Veeva Systems' operating income was $275.02 million in Q2 FY2027, up 40.4% from $195.91 million a year earlier. The increase came partly from higher revenue and partly from a lower comparison base, because the year-earlier quarter carried litigation settlement-related charges tied to Veeva's settlement with IQVIA.
Where can I get Veeva Systems Inc. (VEEV) financial data in machine-readable form?
Ticker Scout publishes Veeva Systems Inc.'s financial statements as JSON at https://tickerscout.ai/veev/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/veev/narrative.md and https://tickerscout.ai/veev/events.md. Veeva Systems Inc.'s SEC CIK is 0001393052. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does Veeva Systems Inc. (VEEV) next file with the SEC?
Veeva Systems Inc. (VEEV) is expected to file its next Form 10-Q with the SEC on or around November 20, 2026. That date is a projection rather than a company-announced date: it is derived from Veeva Systems Inc.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2027, the period ended 2026-07-31, SEC accession 0001393052-26-000036.
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How this page was built
This page was built from three of Veeva Systems Inc.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names two such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
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Built from Veeva Systems Inc.'s SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.