Veeva Systems (VEEV) Q2 FY26 earnings call

Earnings call· Jul 2025 (Q2 FY26)· Information Technology· Aug 27, 2025

Source: earnings call transcript

Veeva reported a strong Q2 FY26, surpassing revenue and operating income guidance, driven by broad-based R&D subscription growth and continued momentum in Crossix. A significant resolution with IQVIA removes long-standing commercial barriers, clearing the path for accelerated Vault CRM adoption and broader commercial suite expansion. The company is making rapid progress on its AI vision, focusing on industry-specific agents within the Vault platform, which is expected to be transformative over the long term.

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VEEV operating KPIs by quarter

VEEV operating KPIs stated on its earnings calls, by fiscal quarter
KPI	This call Jul 2025 Q2 FY26	Oct 2025 Q3 FY26	Apr 2026 Q1 FY27	Jul 2026 Q2 FY27	Change vs prior quarter
Live customers in CRM	100 So now that's gone with Salesforce since we've moved to Vault, and we have 100 live customers in CRM. Source: earnings call transcript	115 And then, Brian, 115 customers live on Vault CRM, including I think some top 20s kind of in the motions. Source: earnings call transcript	150+ We have customers now, over 150 customers live on Vault CRM. Source: earnings call transcript	180+ We have over 180 customers live. Source: earnings call transcript	—

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.