Veeva Systems Inc. (VEEV) income statement
NYSE · Technology · Software - Application · 7,928 employees · CEO Peter Gassner
- Price
- $312.96 +0.84%
- Market cap
- $50.7B
- Enterprise value
- $49B
- Last report
- Q2 '27 filed 2026-08-27
- Next report
- 2026-11-25 EPS est. $2.33
Veeva Systems Inc. (VEEV) reported revenue of $928M for Q2 '27 (+17.6% year on year), operating income of $275M (29.6% of revenue) and net income of $273M. Over the last four quarters revenue was $3.46B.
Income statement
| Income statement | Trend | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 | Q2 '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $617M | $631M | $650M | $676M | $699M | $721M | $759M | $789M | $811M | $836M | $883M | $928M | |
| Cost of revenue | $168M | $174M | $174M | $170M | $174M | $181M | $174M | $195M | $199M | $213M | $221M | $232M | |
| Gross profit | $449M | $457M | $476M | $506M | $525M | $540M | $585M | $594M | $612M | $622M | $662M | $696M | |
| Research & development | $161M | $164M | $163M | $176M | $172M | $182M | $184M | $193M | $192M | $199M | $208M | $223M | |
| Sales & marketing | $73.3M | $99.2M | $97.3M | $102M | $77.5M | $99.2M | $98.6M | $109M | $111M | $110M | $111M | $127M | |
| General & administrative | $85.7M | $58.7M | $61.3M | $61.4M | $93.6M | $70.7M | $68.8M | $95.8M | $68.5M | $67.6M | $69.5M | $71.3M | |
| Other operating expenses | $0 | $29K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Operating expenses | $320M | $321M | $321M | $339M | $343M | $351M | $351M | $398M | $371M | $377M | $389M | $421M | |
| Operating income | $128M | $135M | $155M | $166M | $181M | $188M | $234M | $196M | $241M | $246M | $273M | $275M | |
| Interest income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $70.6M | $0 | |
| Other non-operating income (gains on investments, FX ...) | -$42.2M | -$47.4M | -$51.7M | -$58.6M | -$60.9M | -$56.7M | -$65.1M | -$69.5M | -$71.9M | -$71.7M | $0 | -$74.5M | |
| Total non-operating income | $42.2M | $47.4M | $51.7M | $58.6M | $60.9M | $56.7M | $65.1M | $69.5M | $71.9M | $71.7M | $74.4M | $74.5M | |
| Income before tax | $171M | $183M | $207M | $225M | $242M | $245M | $299M | $265M | $313M | $318M | $348M | $350M | |
| Income tax | $35.5M | $35.3M | $45.2M | $54M | $56.5M | $49.5M | $70.6M | $65.1M | $76.6M | $73.3M | $86.6M | $76.1M | |
| Net income | $135M | $147M | $162M | $171M | $186M | $196M | $228M | $200M | $236M | $244M | $261M | $273M | |
| EPS (basic) | $0.84 | $0.92 | $1.00 | $1.06 | $1.15 | $1.20 | $1.40 | $1.23 | $1.44 | $1.49 | $1.60 | $1.68 | |
| EPS (diluted) | $0.83 | $0.90 | $0.98 | $1.04 | $1.13 | $1.17 | $1.37 | $1.19 | $1.40 | $1.45 | $1.57 | $1.66 | |
| Shares (basic, weighted) | 161M | 161M | 161M | 162M | 162M | 162M | 163M | 163M | 164M | 164M | 163M | 162M | |
| Shares (diluted, weighted) | 164M | 164M | 164M | 165M | 165M | 166M | 166M | 167M | 168M | 168M | 166M | 165M | |
| Depreciation & amortization | $8.36M | $9.71M | $8.5M | $11M | $9.93M | $13.1M | $9.82M | $10.1M | $9.71M | $11.4M | $11.6M | $10.9M | |
| EBITDA | $179M | $192M | $215M | $236M | $252M | $258M | $309M | $275M | $322M | $329M | $285M | $360M |
| Income statement | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $544M | $691M | $862M | $1.1B | $1.47B | $1.85B | $2.16B | $2.36B | $2.75B | $3.2B | |
| Cost of revenue | $174M | $211M | $245M | $303M | $409M | $504M | $609M | $677M | $700M | $782M | |
| Gross profit | $370M | $479M | $617M | $801M | $1.06B | $1.35B | $1.55B | $1.69B | $2.05B | $2.41B | |
| Research & development | $96.8M | $132M | $159M | $210M | $294M | $382M | $520M | $629M | $693M | $767M | |
| Sales & marketing | $111M | $129M | $149M | $190M | $235M | $288M | $349M | $381M | $397M | $429M | |
| General & administrative | $48.8M | $60.4M | $86.4M | $114M | $149M | $172M | $218M | $247M | $266M | $301M | |
| Other operating expenses | -$7K | -$34K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Operating expenses | $256M | $321M | $394M | $514M | $678M | $842M | $1.09B | $1.26B | $1.36B | $1.5B | |
| Operating income | $121M | $158M | $223M | $286M | $378M | $505M | $459M | $429M | $691M | $916M | |
| Interest income | $4.48M | $8.38M | $15.4M | $25.2M | $15.9M | $14.7M | $45.9M | $134M | $208M | $0 | |
| Other non-operating income (gains on investments, FX ...) | $0 | -$7.84M | $0 | $0 | $0 | -$6.82M | -$50M | -$159M | -$228M | -$278M | |
| Total non-operating income | $1.67M | $7.84M | $15.8M | $27.5M | $16.2M | $6.82M | $50M | $159M | $228M | $278M | |
| Income before tax | $122M | $166M | $239M | $314M | $394M | $512M | $509M | $588M | $919M | $1.19B | |
| Income tax | $44.8M | $14.6M | $8.81M | $12.6M | $14M | $84.9M | $21.4M | $62.3M | $205M | $286M | |
| Net income | $77.6M | $151M | $230M | $301M | $380M | $427M | $488M | $526M | $714M | $909M | |
| EPS (basic) | $0.51 | $1.08 | $1.59 | $2.04 | $2.52 | $2.79 | $3.14 | $3.27 | $4.41 | $5.55 | |
| EPS (diluted) | $0.47 | $0.98 | $1.47 | $1.90 | $2.36 | $2.63 | $3.00 | $3.22 | $4.32 | $5.44 | |
| Shares (basic, weighted) | 146M | 140M | 144M | 148M | 151M | 153M | 155M | 161M | 162M | 164M | |
| Shares (diluted, weighted) | 148M | 154M | 156M | 158M | 161M | 162M | 162M | 163M | 165M | 167M | |
| Depreciation & amortization | $13.1M | $13.7M | $13.4M | $26.6M | $39.3M | $37M | $37.7M | $37.2M | $39.4M | $50.5M | |
| EBITDA | $134M | $179M | $237M | $313M | $417M | $549M | $547M | $625M | $959M | $1.24B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-07-31, 10-Q 2026-04-30, 10-K 2026-01-31, 10-Q 2025-10-31, 10-Q 2025-07-31, 10-Q 2025-04-30, 10-K 2025-01-31, 10-Q 2024-10-31, 10-Q 2024-07-31
Data as of 2026-11-02