Jul 2026 (Q2 FY27) — Aug 26, 2026
Veeva Systems Q2 FY27 — Record CRM Performance and AI Acceleration
Read the full callVeeva Systems (VEEV) earnings
- Jul 2026
- Jul 2026 (Q2 FY27)
- Jan 2026
Veeva Systems earnings: last reported Wed, 26 Aug 2026, for the quarter ended Jul 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 928 | +17.6% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | 29.6 | +4.8 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | 273 | +36.5% YoY | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
7 of 8 judged targets kept · 12 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Customers live on Vault CRM | about 200 customers live | Apr 2025 | We have customers now, over 150 customers live on Vault CRM. | Missed |
| Top 20 pharma customers on Vault CRM | roughly 14 of the top 20 | Oct 2025 | All the decisions are not made. So you certainly don't want to make a prediction on them before the decisions are final. | Diluted |
| Top 20 pharma customer fully live on Vault CRM | live from a migration by the end of next year in over 50 countries | Jul 2024 | We have 2 top 20s, big complex companies operating in all of the major markets who are now live on Vault CRM. | Achieved* |
1 of VEEVA SYSTEMS INC's 20 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 17 more targets are in the full ledger.
Claimed
- Total revenue reached $928 million, exceeding guidance.
- Non-GAAP operating income was $416 million, demonstrating strong profitability.
- Achieved the best CRM quarter ever, with significant customer wins including Biogen and Regeneron.
- Accelerating rapidly in AI, particularly with Veeva Falcon, showing very high customer interest.
- Commercial segment subscription revenue grew approximately 13% year-over-year, broad-based strength.
Qualified
- Salesforce CRM projects for some large customers are experiencing difficulties and delays.
Price
$316.8 +2.08% · +$6.44
Performance +11.7% 1Y
1Y: $283.73 on 17 Oct 2025 → $316.8. High $316.8 (19 Oct 2026), low $151.43 (10 Apr 2026).
- Previous close
- $310.36
- 52-week range
- $151.43 – $316.8
- One year
- +10.80%
Overview
- Symbol
- VEEV
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
7 of 8 judged targets kept · 12 open · verdicts reflect calls analysed to Apr 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Customers live on Vault CRM | about 200 customers live | Apr 2025 | We have customers now, over 150 customers live on Vault CRM. | Missed |
| Top 20 pharma customers on Vault CRM | roughly 14 of the top 20 | Oct 2025 | All the decisions are not made. So you certainly don't want to make a prediction on them before the decisions are final. | Diluted |
| Top 20 pharma customer fully live on Vault CRM | live from a migration by the end of next year in over 50 countries | Jul 2024 | We have 2 top 20s, big complex companies operating in all of the major markets who are now live on Vault CRM. | Achieved* |
Claimed
- Total revenue reached $928 million, exceeding guidance.
- Non-GAAP operating income was $416 million, demonstrating strong profitability.
- Achieved the best CRM quarter ever, with significant customer wins including Biogen and Regeneron.
- Accelerating rapidly in AI, particularly with Veeva Falcon, showing very high customer interest.
- Commercial segment subscription revenue grew approximately 13% year-over-year, broad-based strength.
Qualified
- Salesforce CRM projects for some large customers are experiencing difficulties and delays.
The full ledger
Open VEEVA SYSTEMS INC’s full ledger
A free account opens 5 company ledgers a month. All 20 tracked commitments, with each call’s wording and source.
Call summaries
Apr 2026 (Q1 FY27) — Jun 3, 2026
Veeva Systems Q1 FY27 — Strong Start with AI-Driven Innovation
Read the full callJan 2026 (Q4 FY26) — Mar 4, 2026
Veeva Q4 FY26 — Strong Finish to the Year Driven by R&D Momentum and Vault CRM Adoption
Read the full callEvery analysed call
Veeva Systems earnings calls (VEEV)
Financials
What the filings say
Net profit, year on year: +37% (quarter to jul 2026 against jul 2025).
| Line item | Oct 2024 | Jan 2025 | Apr 2025 | Jul 2025 | Oct 2025 | Jan 2026 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 699 | 721 | 759 | 789 | 811 | 836 | 883 | 928 |
| Operating profit | 181 | 188 | 234 | 196 | 241 | 246 | 273 | 275 |
| Operating margin | 25.9% | 26.1% | 30.8% | 24.8% | 29.7% | 29.4% | 30.9% | 29.6% |
| Profit before tax | 242 | 245 | 299 | 265 | 313 | 318 | 348 | 350 |
| Tax rate | 23.3% | 20.2% | 23.6% | 24.5% | 24.5% | 23.1% | 24.9% | 21.8% |
| Net profit | 186 | 196 | 228 | 200 | 236 | 244 | 261 | 273 |
| EPS ($ per share) | 1.15 | — | 1.40 | 1.23 | 1.44 | — | 1.60 | 1.68 |
| Line item | Jan 2019 | Jan 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | — | — | — | — | — | 0 | 0 | 0 |
| Reserves | 619 | 920 | 1,300 | 1,727 | 2,215 | 2,740 | 3,455 | 4,364 |
| Total liabilities | 416 | 606 | 780 | 905 | 1,088 | 1,266 | 1,507 | 1,765 |
| Fixed assets | 55 | 55 | 54 | 54 | 50 | 59 | 56 | 70 |
| Total assets | 1,654 | 2,272 | 3,046 | 3,816 | 4,804 | 5,911 | 7,340 | 8,979 |
| Line item | Jan 2019 | Jan 2020 | Jan 2021 | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 311 | 437 | 551 | 764 | 780 | 911 | 1,090 | 1,415 |
| Cash from investing | -104 | -517 | -334 | -346 | -1,008 | -1,076 | -700 | -1,104 |
| Cash from financing | 26 | 10 | 34 | -4 | -19 | -16 | 26 | -9 |
| Net cash flow | 231 | -72 | 252 | 410 | -252 | -183 | 414 | 302 |
| Capital expenditure | -8 | -3 | — | — | — | — | — | — |
| Free cash flow | 302 | 434 | — | — | — | — | — | — |
VEEV revenue by segment
| Segment | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | Q2 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Reportable | — | — | 100% | 100% | 100% | 100% | 100% | 100% | +17.6% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
VEEV operating KPIs by quarter
| KPI | Jul 2025 Q2 FY26 | Oct 2025 Q3 FY26 | Apr 2026 Q1 FY27 | Jul 2026 Q2 FY27 | Change vs prior quarter |
|---|---|---|---|---|---|
| Live customers in CRM | 100So now that's gone with Salesforce since we've moved to Vault, and we have 100 live customers in CRM.Source: earnings call transcript | 115And 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.
Revenue by region
Q2 FY2027 · share of revenue
- North America 59%
- Europe 31% ↑ 2 pt
- Asia Pacific 8% ↓ 2 pt
- Other International 2%
As VEEV cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
103 filings between Dec 1, 2025 and Oct 14, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$16.84M
16 sales by 4 insiders
81% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 58
- Option exercise — converted options into shares
- 23
- Tax withheld — shares kept back by the company to cover tax
Also filed: 4 other filings, 2 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Schwenger Thomas D. | — | $13.52M | Sep 14, 2026 |
| Faddis Jonathan | — | $1.56M | Oct 14, 2026 |
| Rizzo Daniel J | — | $1.34M | Oct 2, 2026 |
| Hung Priscilla | — | $427.6K | Sep 9, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 14, 2026 | Faddis Jonathan SVP, Gen. Counsel, Secretary | Sale 10b5-1 plan | 708 | $211.1K |
| Oct 14, 2026 | Faddis Jonathan SVP, Gen. Counsel, Secretary | Sale 10b5-1 plan | 3,515 | $1.05M |
| Oct 14, 2026 | Faddis Jonathan SVP, Gen. Counsel, Secretary | Sale 10b5-1 plan | 975 | $291.8K |
| Oct 2, 2026 | Faddis Jonathan SVP, Gen. Counsel, Secretary | Gift | 803 | $0 |
| Oct 2, 2026 | Rizzo Daniel J EVP, Sales, Consulting, & Svcs | Sale | 321 | $88.7K |
| Oct 2, 2026 | Rizzo Daniel J EVP, Sales, Consulting, & Svcs | Sale | 4,520 | $1.25M |
| Oct 1, 2026 | Kondath Vipin Chief Accounting Officer | Tax withheld | 61 | $17.2K |
| Oct 1, 2026 | Faddis Jonathan SVP, Gen. Counsel, Secretary | Option exercise | 1,636 | $0 |
| Oct 1, 2026 | Kondath Vipin Chief Accounting Officer | Option exercise | 168 | $0 |
| Oct 1, 2026 | Schwenger Thomas D. Pres. & Chief Customer Officer | Tax withheld | 1,272 | $358.6K |
| Oct 1, 2026 | Van Wagener Brian Chief Financial Officer | Tax withheld | 705 | $198.8K |
| Oct 1, 2026 | Faddis Jonathan SVP, Gen. Counsel, Secretary | Tax withheld | 833 | $234.8K |
| Oct 1, 2026 | Van Wagener Brian Chief Financial Officer | Option exercise | 1,636 | $0 |
| Oct 1, 2026 | Schwenger Thomas D. Pres. & Chief Customer Officer | Option exercise | 2,907 | $0 |
| Oct 1, 2026 | Rizzo Daniel J EVP, Sales, Consulting, & Svcs | Option exercise | 1,672 | $0 |
| Oct 1, 2026 | Zuppas Eleni Nitsa President & Chief of Staff | Tax withheld | 1,110 | $312.9K |
| Oct 1, 2026 | Rizzo Daniel J EVP, Sales, Consulting, & Svcs | Tax withheld | 854 | $240.8K |
| Oct 1, 2026 | Zuppas Eleni Nitsa President & Chief of Staff | Option exercise | 2,181 | $0 |
| Sep 14, 2026 | Schwenger Thomas D. Pres. & Chief Customer Officer | Sale 10b5-1 plan | 1,000 | $265.2K |
| Sep 9, 2026 | Hung Priscilla Director | Sale | 750 | $195.8K |
| Sep 1, 2026 | SEKHRI PAUL J Director | Option exercise | 460 | $0 |
| Sep 1, 2026 | Hedley Mary Lynne Director | Option exercise | 477 | $0 |
| Sep 1, 2026 | MOHR MARSHALL Director | Option exercise | 525 | $0 |
| Sep 1, 2026 | Cabral Timothy S Director | Option exercise | 477 | $0 |
| Sep 1, 2026 | Carges Mark T Director | Option exercise | 493 | $0 |
| Sep 1, 2026 | Wallach Matthew J Director | Option exercise | 460 | $0 |
| Sep 1, 2026 | Ritter Gordon Director | Option exercise | 541 | $0 |
| Sep 1, 2026 | Ritter Gordon Director | Other | 250,000 | $0 |
| Sep 1, 2026 | Ritter Gordon Director | Other | 15,585 | $0 |
| Sep 1, 2026 | Hung Priscilla Director | Option exercise | 477 | $0 |
| Aug 27, 2026 | Schwenger Thomas D. Pres. & Chief Customer Officer | Option exercise 10b5-1 plan | 10,000 | $1.54M |
| Aug 27, 2026 | Schwenger Thomas D. Pres. & Chief Customer Officer | Sale 10b5-1 plan | 10,000 | $2.81M |
| Aug 13, 2026 | Schwenger Thomas D. Pres. & Chief Customer Officer | Sale 10b5-1 plan | 33,181 | $8.31M |
| Aug 13, 2026 | Schwenger Thomas D. Pres. & Chief Customer Officer | Option exercise 10b5-1 plan | 35,000 | $5.39M |
| Aug 13, 2026 | Schwenger Thomas D. Pres. & Chief Customer Officer | Sale 10b5-1 plan | 1,000 | $241.9K |
| Aug 13, 2026 | Schwenger Thomas D. Pres. & Chief Customer Officer | Sale 10b5-1 plan | 1,819 | $456.6K |
| Jul 16, 2026 | Schwenger Thomas D. Pres. & Chief Customer Officer | Sale 10b5-1 plan | 5,000 | $1.00M |
| Jul 1, 2026 | Zuppas Eleni Nitsa President & Chief of Staff | Option exercise | 2,180 | $0 |
| Jul 1, 2026 | Van Wagener Brian Chief Financial Officer | Tax withheld | 693 | $127.7K |
| Jul 1, 2026 | Van Wagener Brian Chief Financial Officer | Option exercise | 1,635 | $0 |
| Jul 1, 2026 | Faddis Jonathan SVP, Gen. Counsel, Secretary | Tax withheld | 832 | $153.3K |
| Jul 1, 2026 | Schwenger Thomas D. Pres. & Chief Customer Officer | Tax withheld | 1,117 | $205.8K |
| Jul 1, 2026 | Schwenger Thomas D. Pres. & Chief Customer Officer | Option exercise | 2,907 | $0 |
| Jul 1, 2026 | Faddis Jonathan SVP, Gen. Counsel, Secretary | Option exercise | 1,635 | $0 |
| Jul 1, 2026 | Kondath Vipin Chief Accounting Officer | Tax withheld | 60 | $11.1K |
| Jul 1, 2026 | Kondath Vipin Chief Accounting Officer | Option exercise | 167 | $0 |
| Jun 1, 2026 | Carges Mark T Director | Option exercise | 271 | $0 |
| Jun 1, 2026 | Ritter Gordon Director | Option exercise | 298 | $0 |
| Jun 1, 2026 | SEKHRI PAUL J Director | Option exercise | 253 | $0 |
| Jun 1, 2026 | Wallach Matthew J Director | Option exercise | 253 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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