Executive Summary
Key Financials
Management Insights
Peer Comparison
Outlook & SWOT
Swipe to view all report sections
Veeva Systems reported a solid start to QQ1 2026, delivering double‑digit top‑line growth and ongoing margin expansion driven by its cloud-centric life sciences platform. Revenue came in at $759.0 million, up 16.7% year over year and 5.3% quarter over quarter, with gross profit of $585.2 million and a gross margin of 77.1%. Operating income reached $233.7 million, yielding an operating margin of approximately 30.8%, while net income was $228.2 million (net margin ~30.1%) and diluted EPS was $1.37. The company generated robust operating cash flow of $877.2 million and free cash flow of $871.2 million, underpinning a strong balance sheet and a substantial net cash position.
Key Performance Indicators
759.04M
QoQ: 5.29% | YoY: 16.71%
585.22M
77.10% margin
QoQ: 8.39% | YoY: 22.83%
233.73M
QoQ: 24.05% | YoY: 50.63%
228.19M
QoQ: 16.65% | YoY: 41.15%
1.40
QoQ: 16.67% | YoY: 40.00%
- Revenue: $759.0 million; YoY +16.7%; QoQ +5.3%
- Gross Profit: $585.2 million; Gross Margin 77.1%; YoY +22.8%; QoQ +8.4%
- Operating Income: $233.7 million; Operating Margin 30.8%; YoY +50.6%; QoQ +24.0%
- Net Income: $228.2 million; Net Margin 30.1%; YoY +41.1%; QoQ +16.7%
- EPS (diluted): $1.37; YoY +40.0%; QoQ +16.7%
- EBITDA: $243.6 million; EBITDA Margin ~32.1%
- Free Cash Flow: $871.2 million; Operating Cash Flow: $877.2 million
- Balance Sheet: Cash & equivalents ~$1.964B; Net cash position after debt ~ $-1.888B (net cash)
- Deferred Revenue: ~$1.246B indicating strong renewal/revenue visibility
- Cash Conversion: Free cash flow conversion strong relative to net income
Metric
Value
YoY Change
QoQ Change
Revenue
759.04M
16.71%
5.29%
Gross Profit
585.22M
22.83%
8.39%
Operating Income
233.73M
50.63%
24.05%
Net Income
228.19M
41.15%
16.65%
EPS
1.40
40.00%
16.67%
Key Financial Ratios
Management Insights Available for Members
Get exclusive access to management commentary, earnings call quotes, and forward guidance from company leadership.
Management Commentary
Direct insights from executives
Earnings Call Quotes
Key statements from leadership
Forward Guidance
Company outlook & projections
Peer Comparison Available for Members
Compare financial performance against industry peers with detailed metrics and interactive charts.
Competitive Analysis
See how companies stack up
Visual Charts
Interactive performance graphs
Key Metrics
Margins, ROE, and valuation
Investment Outlook & SWOT Available for Members
Access comprehensive investment analysis, strategic insights, and detailed SWOT analysis for informed decision-making.
Investment Outlook
Expert analysis and forecasts
SWOT Analysis
Strengths, weaknesses, opportunities, threats
Investment Factors
Growth, risk, and financial position