Veeva Q1 2026 Results
2025-06-05 03:17:32

Veeva Systems Reports Impressive Q1 2026 Financial Results with Significant Growth

Veeva Systems Posts Robust Q1 2026 Results



Veeva Systems, a leading cloud provider specializing in the life sciences sector, recently released its Q1 financial results for 2026, showcasing a remarkable revenue increase of 17% year-over-year. With total revenues reaching $759 million compared to $653 million in the same quarter last year, the company's commitment to driving growth and innovation is evident.

Peter Gassner, the CEO of Veeva Systems, expressed his enthusiasm regarding the performance, stating, "I believe this has been our best Q1 ever. We have executed with a focus on speed, quality, and innovation aligned with our values and 2030 goals. I appreciate the outstanding work of the Veeva team and the partnerships with our customers."

Key Financial Metrics


In its Q1 report, Veeva noted the following financial highlights:
  • - Revenue: Total revenue for Q1 was $759 million, marking a 17% increase from $653 million in the same period last year. Subscription revenue rose from $534 million to $634 million, reflecting a 19% growth compared to the previous year.
  • - Operating Income: The operating income for Q1 stood at $233.7 million, up 51% from $155.2 million in Q1 of last year. The Non-GAAP operating income was $349.9 million, representing a 34% increase from $260.9 million year-over-year.
  • - Net Income: Q1 net income reached $228.2 million, a 41% growth from $161.7 million in the previous year. The Non-GAAP net income was $327.8 million, up 33% from last year’s $247 million.
  • - Earnings Per Share (EPS): The diluted GAAP EPS rose from $0.98 last year to $1.37 for Q1. The diluted Non-GAAP EPS also saw an increase from $1.50 to $1.97.

Brian Van Wagener, the CFO, commented on the strong performance, stating, "Achieving guidance exceeding targets across all metrics reaffirms our focused execution capabilities and significant market opportunities. This quarter, we achieved our annual revenue target of $3 billion for 2025 and are making steady progress toward our 2030 goal of doubling revenue and impact on our customers and the industry."

Recent Highlights


Annual Revenue Target Surpassed


Veeva has surpassed its annual revenue target of $3 billion for 2025, reflecting the continuous growth and innovation of its commercial and R&D solutions. This achievement lays a solid foundation for the company's goal of doubling its revenue and positive industry impact by 2030.

Introduction of Veeva AI


One of Veeva's key initiatives is the integration of AI across its applications and the Veeva Vault Platform. Set for its initial release in December 2025, Veeva AI aims to enhance productivity and automate processes in life sciences companies through application-specific AI agents and user-defined AI shortcuts.

The Veeva Summit


In May, Veeva's Commercial Summit showcased innovations and future opportunities in the commercial space, with over 80 Vault CRM clients sharing success stories and insights. This event illustrated the most efficient paths for AI adoption in the industry.

Expansion of Commercial Data


In March, Veeva introduced Veeva CRM Pulse, expanding its commercial data offerings. This robust data is unique to Veeva, enhancing functionality in segmentation and targeting.

Financial Outlook


Looking ahead to the fiscal year ending on July 31, 2025, Veeva provided the following outlook for Q2:
  • - Total revenue estimated between $766 million and $769 million.
  • - Non-GAAP operating income projected between $335 million and $337 million.
  • - Non-GAAP diluted EPS anticipated in the range of $1.89 to $1.90.

For the fiscal year ending January 31, 2026, Veeva expects revenues between $3.09 billion and $3.1 billion, with a Non-GAAP operating income of approximately $1.36 billion and diluted EPS expected around $7.63.

Veeva Systems continues to showcase its leadership in the life sciences sector with impressive financial performance and innovative solutions, ensuring it remains at the forefront of the industry. To stay informed about Veeva systems and opportunities, visit Veeva's official website.


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