Filing Flows › Veeva Systems (VEEV) › Q1 FY27
Veeva Systems (VEEV) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 5, 2026
Veeva Systems (VEEV) reported revenue of $883M for the first quarter fiscal 2027 (Q1 FY27), +16% from a year earlier and +6% from the quarter before. Operating margin was 30.9%, net earnings $261M (29.6% of revenue).
Veeva Systems, Q1 FY27: revenue $883M (+16% year over year), operating margin 30.9%, net earnings $261M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $883M | +6% | +16% |
| Gross profit | $662M | +6% | +13% |
| Operating profit | $273M | +11% | +17% |
| Net earnings | $261M | +7% | +14% |
| Operating cash flow | $1.1B | +955% | +28% |
What changed
Revenue was $882.9M in Q1 FY27, up 16% year over year and up 6% from the previous quarter. R&D and Quality Solutions was the largest line at 44% of revenue. R&D and Quality Solutions added $63.0M year over year (up 19%), 51% of the total change.
Gross margin was 75.0%, down 2.1 points from Q1 FY26. Operating profit was $273.1M, a 30.9% margin (up 0.1 points year over year). Of the extra revenue versus Q1 FY26, 32% reached operating profit, above the 31% margin then. Operating expenses grew 11% against revenue growth of 16%. The fastest-growing cost line was Research & development (+13%). Net earnings were $260.9M, up 14% year over year. The effective tax rate was 24.9%. Non-operating items added $74.4M, 21% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1,127.1M (up 28% year over year), 432% of net earnings. Non-cash charges added back $119.3M of share-based compensation. Working capital and other items added $746.9M.
Questions
What was Veeva Systems' revenue in the first quarter fiscal 2027?
Veeva Systems (VEEV) reported revenue of $883M for the first quarter fiscal 2027 (Q1 FY27), +16% from a year earlier and +6% from the quarter before.
Was Veeva Systems profitable in the first quarter fiscal 2027?
Operating profit was $273M (30.9% of revenue) and net earnings $261M.
Source: Veeva Systems 10-Q on SEC EDGAR.