VEEVA SYSTEMS INC
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VEEV Q2 2026 request
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/api/financials?ticker=VEEV&year=2026&quarter=2
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| Metric | Q2 2026 | Q2 2025 | YoY |
|---|---|---|---|
| Revenue | 789,081 | 676,181 | +16.7% |
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| Commercial Solutions | 47,703 | 45,068 | +5.8% |
| Commercial Solutions | 307,523 | 271,810 | +13.1% |
| R&D Solutions | 82,195 | 69,836 | +17.7% |
| R&D Solutions | 351,660 | 289,467 | +21.5% |
| Subscription And Circulation | 659,183 | 561,277 | +17.4% |
| Technology Service | 129,898 | 114,904 | +13.0% |
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| Reportable Segment | 789,081 | 676,181 | +16.7% |
Show Geography breakouts |
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| Asia Pacific | 70,128 | 64,879 | +8.1% |
| Europe | 232,744 | 198,315 | +17.4% |
| Middle East, Africa, and Latin America | 18,201 | 17,016 | +7.0% |
| North America | 468,008 | 395,971 | +18.2% |
| Cost of Revenue | 195,253 | 170,372 | +14.6% |
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| Subscription And Circulation | 93,830 | 78,791 | +19.1% |
| Subscription And Circulation · Reportable Segment | 90,843 | 76,026 | +19.5% |
| Technology Service | 101,423 | 91,581 | +10.7% |
| Technology Service · Reportable Segment | 86,480 | 78,267 | +10.5% |
| Gross Profit | 593,828 | 505,809 | +17.4% |
| Research & Development | 192,677 | 176,429 | +9.2% |
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| Reportable Segment | 139,289 | 127,417 | +9.3% |
| Sales & Marketing | 109,439 | 101,528 | +7.8% |
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| Reportable Segment | 81,157 | 74,311 | +9.2% |
| General & Administrative | 95,804 | 61,365 | +56.1% |
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| Reportable Segment | 38,736 | 40,405 | -4.1% |
| Operating Expenses | 397,920 | 339,322 | +17.3% |
| Operating Income | 195,908 | 166,487 | +17.7% |
| Other Non-Operating Income (Expense) | 69,456 | 58,573 | +18.6% |
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| Reportable Segment | 69,456 | 58,573 | +18.6% |
| Income Before Taxes | 265,364 | 225,060 | +17.9% |
| Income Tax Expense (Benefit) | 65,055 | 54,019 | +20.4% |
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| Reportable Segment | 65,055 | 54,019 | +20.4% |
| Comprehensive Income | 189,399 | 196,112 | -3.4% |
| Other Comprehensive Income | -10,910 | 25,071 | -143.5% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | -10,910 | 25,071 | -143.5% |
| EPS (Basic) | 1.23 | 1.06 | +16.0% |
| EPS (Diluted) | 1.19 | 1.04 | +14.4% |
| Wtd Avg Shares (Basic) | 163,496 | 161,708 | +1.1% |
| Wtd Avg Shares (Diluted) | 167,685 | 164,564 | +1.9% |
| Net Income Loss Available To Common Stockholders Basic | 200,309 | 171,041 | +17.1% |
Balance Sheet
| Metric | Q2 2026 | Q2 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 1,930,431 | 1,165,754 | +65.6% |
| Available For Sale Securities Debt Securities Current | 4,473,282 | 3,719,324 | +20.3% |
Show Fair Value Hierarchy breakouts |
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| Fair Value Inputs Level2 · Asset Backed Securities | 401,501 | 644,834 | -37.7% |
| Fair Value Inputs Level2 · Certificates Of Deposit | 20,103 | 43,969 | -54.3% |
| Fair Value Inputs Level2 · Commercial Paper | 23,835 | 247,086 | -90.4% |
| Fair Value Inputs Level2 · Corporate Debt Securities | 2,675,213 | 1,844,299 | +45.1% |
| Fair Value Inputs Level2 · Derivative Financial Instruments Assets | 2,238 | 675 | +231.6% |
| Fair Value Inputs Level2 · Foreign Government Debt Securities | 214,017 | 77,124 | +177.5% |
| Fair Value Inputs Level2 · Municipal Bonds | 61,739 | 72,358 | -14.7% |
| Fair Value Inputs Level2 · US Government Agencies Debt Securities | 13,413 | 47,570 | -71.8% |
| Fair Value Inputs Level2 · US Treasury Securities | 1,063,461 | 742,084 | +43.3% |
Show Financial Instrument breakouts |
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| Asset Backed Securities | 401,501 | 644,834 | -37.7% |
| Asset Backed Securities · Fair Value Measurements Recurring | 401,501 | 644,834 | -37.7% |
| Certificates Of Deposit | 20,103 | 43,969 | -54.3% |
| Certificates Of Deposit · Fair Value Measurements Recurring | 20,103 | 43,969 | -54.3% |
| Commercial Paper | 23,835 | 247,086 | -90.4% |
| Commercial Paper · Fair Value Measurements Recurring | 23,835 | 247,086 | -90.4% |
| Corporate Debt Securities | 2,675,213 | 1,844,299 | +45.1% |
| Corporate Debt Securities · Fair Value Measurements Recurring | 2,675,213 | 1,844,299 | +45.1% |
| Derivative Financial Instruments Assets · Fair Value Measurements Recurring | 2,238 | 675 | +231.6% |
| Foreign Government Debt Securities | 214,017 | 77,124 | +177.5% |
| Foreign Government Debt Securities · Fair Value Measurements Recurring | 214,017 | 77,124 | +177.5% |
| Municipal Bonds | 61,739 | 72,358 | -14.7% |
| Municipal Bonds · Fair Value Measurements Recurring | 61,739 | 72,358 | -14.7% |
| US Government Agencies Debt Securities | 13,413 | 47,570 | -71.8% |
| US Government Agencies Debt Securities · Fair Value Measurements Recurring | 13,413 | 47,570 | -71.8% |
| US Treasury Securities | 1,063,461 | 742,084 | +43.3% |
| US Treasury Securities · Fair Value Measurements Recurring | 1,063,461 | 742,084 | +43.3% |
| Accounts Receivable | 422,071 | 364,719 | +15.7% |
| Unbilled Receivables Current | 50,348 | — | — |
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| Subscription And Circulation | 8 | — | — |
| Technology Service | 42 | — | — |
| Prepaid Expenses & Other Current Assets | 118,456 | 78,614 | +50.7% |
| Total Current Assets | 6,994,588 | 5,367,843 | +30.3% |
| Non-Current Assets | |||
| Property, Plant & Equipment | 61,210 | — | — |
Show Geography breakouts |
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| Asia Pacific | 3,776 | — | — |
| Europe | 7,586 | — | — |
| Middle East, Africa, and Latin America | 627 | — | — |
| North America | 49,221 | — | — |
| Operating Lease Right-of-Use Assets | 71,538 | 43,146 | +65.8% |
| Goodwill | 439,877 | 439,877 | 0.0% |
| Intangible Assets | 36,445 | 53,339 | -31.7% |
Show Finite Lived Intangible Assets By Major Class breakouts |
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| Customer Relationships | 34,249 | 45,701 | -25.1% |
| Existing technology | 1,607 | 5,830 | -72.4% |
| Other Intangible Assets | 589 | 1,146 | -48.6% |
| Deferred Tax Assets | 309,639 | 291,044 | +6.4% |
| Other Non-Current Assets | 60,231 | 55,464 | +8.6% |
| Total Assets | 7,999,427 | 6,330,837 | +26.4% |
| Other Assets | |||
| Deferred Costs | 25,899 | 23,439 | +10.5% |
| Current Liabilities | |||
| Accounts Payable | 33,578 | 28,307 | +18.6% |
| Employee Related Liabilities Current | 40,647 | — | — |
| Accrued Liabilities And Other Liabilities | 58,807 | — | — |
| Accrued Income Taxes Current | 3,662 | 5,616 | -34.8% |
| Deferred Revenue (Current) | 1,107,696 | 956,381 | +15.8% |
| Operating Lease Liability Current | 10,663 | 10,182 | +4.7% |
| Total Current Liabilities | 1,255,053 | 1,070,438 | +17.2% |
| Non-Current Liabilities | |||
| Deferred Tax Liabilities | 439 | 591 | -25.7% |
| Operating Lease Liabilities | 74,785 | 43,912 | +70.3% |
| Other Non-Current Liabilities | 30,611 | 31,198 | -1.9% |
| Total Liabilities | 1,360,888 | 1,146,139 | +18.7% |
| Stockholders' Equity | |||
| Common Stock | 2 | 2 | 0.0% |
| Additional Paid In Capital Common Stock | 2,757,440 | 2,117,109 | +30.2% |
| Accumulated Other Comprehensive Income | -1,997 | -5,575 | +64.2% |
| Retained Earnings | 3,883,094 | 3,073,162 | +26.4% |
| Total Stockholders' Equity | 6,638,539 | 5,184,698 | +28.0% |
Show Equity Components breakouts |
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| Accumulated Other Comprehensive Income | -1,997 | -5,575 | +64.2% |
| Additional Paid In Capital | 2,757,440 | 2,117,109 | +30.2% |
| Common Stock | 2 | 2 | 0.0% |
| Retained Earnings | 3,883,094 | 3,073,162 | +26.4% |
| Total Liabilities & Equity | 7,999,427 | 6,330,837 | +26.4% |
Cash Flow Statement
| Metric | YTD Q2 2026 | YTD Q2 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Net Income | 428,499 | 332,705 | +28.8% |
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| Reportable Segment | 428,499 | 332,705 | +28.8% |
Show Equity Components breakouts |
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| Retained Earnings | 428,499 | 332,705 | +28.8% |
| Other Depreciation And Amortization | 19,948 | 19,519 | +2.2% |
| Operating Lease Right Of Use Asset Amortization Expense | 6,316 | 5,508 | +14.7% |
| Accretion Amortization Of Discounts And Premiums Investments | -4,535 | -14,254 | +68.2% |
| Stock-Based Compensation | 234,176 | 204,287 | +14.6% |
| Amortization Of Deferred Costs Excluding Right Of Use Assets | 8,205 | 7,651 | +7.2% |
| Deferred Income Taxes | 31,699 | -59,801 | +153.0% |
| Other Operating Activities Cash Flow Statement | -1,414 | 127 | -1213.4% |
| Change in Accounts Receivable | 593,032 | 487,219 | +21.7% |
| Increase Decrease In Unbilled Accounts Receivable | -9,587 | -3,067 | -212.6% |
| Increase Decrease In Deferred Charges | -7,721 | -7,174 | -7.6% |
| Change in Prepaid & Other Assets | -21,232 | 4,344 | -588.8% |
| Change in Accounts Payable | 3,361 | -3,343 | +200.5% |
| Increase Decrease In Accrued Liabilities | 23,763 | -5,517 | +530.7% |
| Increase Decrease In Accrued Income Taxes Payable | -5,362 | -6,246 | +14.2% |
| Increase Decrease In Deferred Revenue | -180,888 | -103,652 | -74.5% |
| Increase Decrease In Operating Lease Liability | -5,300 | -4,666 | -13.6% |
| Change in Other Liabilities | 2,631 | 2,750 | -4.3% |
| Net Cash from Operations | 1,115,591 | 856,390 | +30.3% |
| Investing Activities | |||
| Purchases of Investments | -1,452,857 | -1,392,297 | -4.3% |
| Proceeds From Sale And Maturity Of Available For Sale Securities | 1,023,691 | 1,017,605 | +0.6% |
| Payments For Software | -12,213 | -11,528 | -5.9% |
| Net Cash from Investing | -441,379 | -386,220 | -14.3% |
| Financing Activities | |||
| Proceeds From Stock Options Exercised | 182,297 | 34,834 | +423.3% |
| Tax Withholding for Share Compensation | -46,228 | -42,490 | -8.8% |
| Net Cash from Financing | 136,069 | -7,656 | +1877.3% |
| Supplemental | |||
| Income Taxes Paid | 126,683 | 162,760 | -22.2% |
| Excess Tax Benefit From Employee Stock Plans | 15,610 | 4,262 | +266.3% |
| Other Cash Flow | |||
| Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 1,365 | -1,252 | +209.0% |
| Net Change in Cash | 811,646 | 461,262 | +76.0% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 1,932,609 | 1,167,932 | +65.5% |
| Restricted Cash And Cash Equivalents | 2,178 | 2,178 | 0.0% |
Values in thousands USD. Source: SEC EDGAR 10-Q filing.