The financials
Veeva Systems by the numbers
Veeva Systems (VEEV) reported revenue of $928M in Q2 2027 (quarter ended Jul 31, 2026), up 18% from the same quarter a year earlier. That came with a gross margin of 75% and net income of $273M (29% of revenue). For the full year FY2026, revenue was $3.20B (+16% year on year) and net income $909M. Its largest product in Q2 2027 was Subscription Services Veeva Research And Development And Quality Solutions at $419M, 45% of the disclosed total, ahead of Subscription Services Veeva Commercial Cloud at 37%.
| Income statement | Q2 2027 | Q2 2026 | Change |
|---|---|---|---|
| Revenue | $928M | $789M | +18% |
| Gross profit | $696M | $594M | +17% |
| Operating income | $275M | $196M | +40% |
| Net income | $273M | $200M | +37% |
| Diluted EPS | $1.66 | $1.19 | +39% |
| Product | Revenue | Share |
|---|---|---|
| Subscription Services Veeva Research And Development And Quality Solutions | $419M | 45% |
| Subscription Services Veeva Commercial Cloud | $347M | 37% |
| Professional Services Veeva Research And Development And Quality Solutions | $101M | 11% |
| Professional Services Veeva Commercial Cloud | $60M | 6.4% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2027Total $928.0M (+5.1%)
Professional Services Veeva Commercial Cloud grew +25% year on yearSubscription Services Veeva Commercial Cloud +13% year on year
Segment Latestquarter on quarteryear on year
- Subscription Services Veeva Research And Development And Quality Solutions$419.4M$419.4MQoQ +6.9%year on year +19%+6.9%+19%
- Subscription Services Veeva Commercial Cloud$347.4M$347.4MQoQ +2.8%year on year +13%+2.8%+13%
- Professional Services Veeva Research And Development And Quality Solutions$101.5M$101.5MQoQ +6.6%year on year +23%+6.6%+23%
- Professional Services Veeva Commercial Cloud$59.7M$59.7MQoQ +3.8%year on year +25%+3.8%+25%
Health Information Services
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