The financials
Veeva Systems by the numbers
Veeva Systems (VEEV) reported revenue of $883M in Q1 2027 (quarter ended April 30, 2026), up 16% from the same quarter a year earlier. That came with a gross margin of 75% and net income of $261M (30% of revenue). For the full year FY2026, revenue was $3.20B (+16% year on year) and net income $909M. Its largest product in 2026-Q2 was Subscription Services Veeva Research And Development And Quality Solutions at $392M, 44% of the disclosed total, just ahead of Subscription Services Veeva Commercial Cloud at 38%.
| Income statement | Q1 2027 | Q1 2026 | Change |
|---|---|---|---|
| Revenue | $883M | $759M | +16% |
| Gross profit | $662M | $585M | +13% |
| Operating income | $273M | $234M | +17% |
| Net income | $261M | $228M | +14% |
| Diluted EPS | $1.57 | $1.37 | +15% |
| Product | Revenue | Share |
|---|---|---|
| Subscription Services Veeva Research And Development And Quality Solutions | $392M | 44% |
| Subscription Services Veeva Commercial Cloud | $338M | 38% |
| Professional Services Veeva Research And Development And Quality Solutions | $95M | 11% |
| Professional Services Veeva Commercial Cloud | $58M | 6.5% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $882.9M (+8.8%)
Professional Services Veeva Commercial Cloud grew +24% year on yearSubscription Services Veeva Commercial Cloud +11% year on year
Segment Latestquarter on quarteryear on year
- Subscription Services Veeva Research And Development And Quality Solutions$392.3M$392.3MQoQ -year on year +19%-+19%
- Subscription Services Veeva Commercial Cloud$337.9M$337.9MQoQ +6.4%year on year +11%+6.4%+11%
- Professional Services Veeva Research And Development And Quality Solutions$95.2M$95.2MQoQ -year on year +23%-+23%
- Professional Services Veeva Commercial Cloud$57.6M$57.6MQoQ +21%year on year +24%+21%+24%
- Professional Services Veeva Research And Development--QoQ -year on year ---
- Subscription Services Veeva Research And Development--QoQ -year on year ---
Health Information Services
Ranks #6 of 14 by Smart Score