VEEVA SYSTEMS INC

For the period ended Jul 31, 2026. Filed Aug 27, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jul 31, 2026 · Filed Aug 27, 2026

VEEV$305.55-0.3%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Comprehensive Income

(In thousands, except per share data)

	Three months ended July 31,		Six months ended July 31,
	2026	2025	2026	2025
Revenues:
Subscription	$766,764	$659,183	$1,496,939	$1,293,951
Professional services and other	161,199	129,898	313,972	254,173
Total revenues	927,963	789,081	1,810,911	1,548,124
Cost of revenues (1):
Cost of subscription	105,677	93,830	204,780	172,176
Cost of professional services and other	126,335	101,423	248,156	196,901
Total cost of revenues	232,012	195,253	452,936	369,077
Gross profit	695,951	593,828	1,357,975	1,179,047
Operating expenses (1):
Research and development	222,918	192,677	431,241	376,710
Sales and marketing	126,701	109,439	237,818	208,067
General and administrative	71,314	95,804	140,786	164,630
Total operating expenses	420,933	397,920	809,845	749,407
Operating income	275,018	195,908	548,130	429,640
Other income, net	74,512	69,456	148,930	134,545
Income before income taxes	349,530	265,364	697,060	564,185
Income tax provision	76,101	65,055	162,695	135,686
Net income	$273,429	$200,309	$534,365	$428,499
Net income per share:
Basic	$1.68	$1.23	$3.28	$2.63
Diluted	$1.66	$1.19	$3.22	$2.56
Weighted-average shares used to compute net income per share:
Basic	162,344	163,496	162,836	163,129
Diluted	165,057	167,685	166,072	167,272
Other comprehensive income:
Net change in unrealized (loss) gain on available-for-sale investments	$(26,490)	$(11,300)	$(53,941)	$6,067
Net change in cumulative foreign currency translation gain (loss)	135	390	(366)	352
Comprehensive income	$247,074	$189,399	$480,058	$434,918

(1) Includes stock-based compensation as follows:
Cost of subscription	$2,224	$1,941	$3,985	$3,656
Cost of professional services and other	15,939	14,804	30,090	27,573
Research and development	62,220	53,388	113,783	101,337
Sales and marketing	27,886	25,392	52,480	47,713
General and administrative	28,534	26,441	55,724	53,897
Total stock-based compensation	$136,803	$121,966	$256,062	$234,176

Veeva Systems Inc. \| Form 10-Q	5

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.