Filing Flows › Veeva Systems (VEEV) › Q1 FY27 › vs Q4 FY26
Veeva Systems (VEEV) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Veeva Systems's revenue rose $47.0M (+6%) from $836M in Q4 FY26 to $883M in Q1 FY27. Gross margin 75.0% against 74.5% (+0.5 pts).
Veeva Systems, Q1 FY27: revenue $883M (+16% year over year), operating margin 30.9%, net earnings $261M, operating cash flow $1.1B. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 75.0% | 74.5% | +0.5 pts |
| Operating margin | 30.9% | 29.4% | +1.5 pts |
| Net margin | 29.6% | 29.2% | +0.3 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $883M | $836M | $47.0M | +6% |
| Gross profit | $662M | $622M | $39.5M | +6% |
| Cost of revenue | $221M | $213M | $7.4M | +3% |
| Other income, net | $74.4M | $71.7M | $2.8M | +4% |
| Operating profit | $273M | $246M | $27.2M | +11% |
| Operating expenses | $389M | $377M | $12.3M | +3% |
| Pre-tax earnings | $348M | $318M | $30.0M | +9% |
| Research & development | $208M | $199M | $9.5M | +5% |
| Sales & marketing | $111M | $110M | $938K | +0.9% |
| General & admin | $69.5M | $67.6M | $1.8M | +3% |
| Net earnings | $261M | $244M | $16.7M | +7% |
| Income tax | $86.6M | $73.3M | $13.3M | +18% |
| Share-based compensation | $119M | $118M | $1.0M | +0.8% |
| Working capital & other | $747M | −$256M | $1.0B | — |
| Operating cash flow | $1.1B | $107M | $1.0B | +955% |
Questions
How much did Veeva Systems's revenue grow quarter over quarter in Q1 FY27?
Veeva Systems's revenue rose $47.0M (+6%) from $836M in Q4 FY26 to $883M in Q1 FY27. Gross margin 75.0% against 74.5% (+0.5 pts).