Veeva Systems (VEEV) Q3 FY26 earnings call

Earnings call· Oct 2025 (Q3 FY26)· Information Technology· Nov 20, 2025

Source: earnings call transcript

Veeva delivered a strong Q3 FY26, surpassing revenue and operating income guidance, driven by broad business strength and significant progress in AI initiatives. While navigating the Vault CRM migration with some top customers choosing alternative solutions, the company emphasizes the overall health of its CRM business and the substantial growth in R&D Cloud and Crossix. Veeva continues to build an integrated Industry Cloud for life sciences, combining software, data, and consulting to drive long-term value.

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VEEV operating KPIs by quarter

VEEV operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Jul 2025 Q2 FY26	This call 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.