Veeva Systems (VEEV) Q1 FY2027 earnings: revenue $883 million, up 16.3% on the year

Veeva Systems Inc. (VEEV) reported revenue of $883 million for Q1 FY2027, the quarter ended 30 April 2026, up 16.3% on the same quarter a year earlier. Net income was $261 million, up 14.4% on the year, and diluted earnings per share $1.57. The figures are the company's own, from the 10-Q it filed with the SEC on 5 June 2026.

Revenue

$883 million

+16.3% on the year · +5.6% on the quarter

Q2 FY2025Q1 FY2027

Operating margin

30.9%

30.8% a year earlier

Q2 FY2025Q1 FY2027

Net income

$261 million

+14.4% on the year · +6.9% on the quarter

Q2 FY2025Q1 FY2027

Diluted EPS

$1.57

+14.6% on the year · +8.3% on the quarter

Q2 FY2025Q1 FY2027

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 3 raised, 3 new.

Revenue rose 16% to $882.9M: Subscription revenues were $730.2 million, up from $634.8 million a year earlier, making up about 83% of the total.
Management said results exceeded guidance: Management said first-quarter results exceeded guidance on all metrics, with growth and profitability described as broad-based.
Vault CRM added 27 customers: Vault CRM now has more than 150 customers live, up from more than 125 live at fiscal year end 2026.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2027	Q4 FY2026	Q1 FY2026	On the quarter	On the year
Revenue	883	836	759	+5.6%	+16.3%
Cost of revenue	221	213	174	+3.5%	+27.1%
Gross profit	662	622	585	+6.4%	+13.1%
Gross margin	75.0%	74.5%	77.1%
Research and development	208	199	184	+4.8%	+13.2%
Operating income	273	246	234	+11.1%	+16.8%
Operating margin	30.9%	29.4%	30.8%
Pre-tax income	348	318	299	+9.4%	+16.3%
Income tax	86.6	73.3	70.6	+18.1%	+22.6%
Effective tax rate	24.9%	23.1%	23.6%
Net income	261	244	228	+6.9%	+14.4%
Net margin	29.6%	29.2%	30.1%
Diluted EPS	$1.57	$1.45	$1.37	+8.3%	+14.6%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q1 FY2027	Q4 FY2026	Q1 FY2026	On the quarter	On the year
Operating cash flow	1,127	107	877	+954.9%	+28.5%
Cash from investing	-389	-168	-52.1
Cash from financing	-263	-178	20.4
Share-based compensation	119	118	112	+0.8%	+6.3%
Buybacks	227	n/a	0.0
Diluted shares, weighted	166m	168m	166m	-1.4%	-0.1%
Shares outstanding at period end	163m	164m	163m	-0.5%	-0.0%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q1 FY2027	Q4 FY2026	Q1 FY2026	On the quarter	On the year
Shareholders' equity	7,304	7,215	6,211	+1.2%	+17.6%
Debt	0.0	0.0	0.0
Operating lease liabilities	89.9	83.7	66.6	+7.4%	+35.1%
Other liabilities	1,735	1,681	1,487	+3.2%	+16.7%
Total liabilities and equity	9,130	8,979	7,765	+1.7%	+17.6%
Fixed assets	73.5	70.3	58.5	+4.6%	+25.6%
Goodwill	488	440	440	+11.0%	+11.0%
Intangible assets	55.5	30.3	40.5	+83.1%	+37.0%
Investments	5,416	5,140	4,103	+5.4%	+32.0%
Cash and equivalents	1,897	1,421	1,965	+33.4%	-3.5%
Receivables	568	1,260	493	-54.9%	+15.3%
Other assets	632	618	665	+2.2%	-5.0%
Total assets	9,130	8,979	7,765	+1.7%	+17.6%

Questions

What was Veeva Systems' revenue in Q1 FY2027?

Veeva Systems (VEEV) reported revenue of $883 million for Q1 FY2027, the quarter ended 30 April 2026, up 16.3% on the same quarter a year earlier.

How much did Veeva Systems earn in Q1 FY2027?

Net income for Q1 FY2027 was $261 million, up 14.4% on the year, and diluted earnings per share $1.57.

When did Veeva Systems report Q1 FY2027 results?

Veeva Systems filed its 10-Q for the quarter ended 30 April 2026 with the SEC on 5 June 2026.

Quarterly results, the last 20 quarters

	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027	Q2 FY2027
Revenue	476	485	505	534	552	563	526	590	617	631	650	676	699	721	759	789	811	836	883	928
Cost of revenue	130	136	140	152	154	164	167	169	168	174	174	170	174	181	174	195	199	213	221	232
Gross profit	347	350	366	383	398	399	360	421	449	457	476	506	525	540	585	594	612	622	662	696
Gross margin	73%	72%	72%	72%	72%	71%	68%	71%	73%	72%	73%	75%	75%	75%	77%	75%	75%	74%	75%	75%
R&D	98.6	105	113	134	130	143	147	157	161	164	163	176	172	182	184	193	192	199	208	223
Operating income	133	120	128	101	121	109	61.5	104	128	135	155	166	181	188	234	196	241	246	273	275
Operating margin	28%	25%	25%	19%	22%	19%	12%	18%	21%	21%	24%	25%	26%	26%	31%	25%	30%	29%	31%	30%
Pre-tax income	134	119	130	109	134	135	91.8	143	171	183	207	225	242	245	299	265	313	318	348	350
Tax rate	21%	19%	23%	17%	19%	-39%	-43%	22%	21%	19%	22%	24%	23%	20%	24%	25%	24%	23%	25%	22%
Net income	106	97.1	100	90.6	108	189	132	112	135	147	162	171	186	196	228	200	236	244	261	273
Net margin	22%	20%	20%	17%	20%	33%	25%	19%	22%	23%	25%	25%	27%	27%	30%	25%	29%	29%	30%	29%
Diluted EPS	$0.65	$0.60	$0.62	$0.56	$0.67	$1.16	$0.81	$0.68	$0.83	$0.90	$0.98	$1.04	$1.13	$1.18	$1.37	$1.19	$1.40	$1.45	$1.57	$1.66
Operating cash flow	113	54.1	481	93.4	143	63.4	506	265	82.6	57.8	764	92.9	164	69.5	877	238	193	107	1,127	239
Capital expenditure	2.3	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Free cash flow	111	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Buybacks	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	0.0	n/a	n/a	227	246
Shares outstanding	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	161m	161m	162m	162m	162m	163m	163m	164m	164m	164m	163m	162m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 April 2026, filed 5 June 2026: the filing.