Filing Flows › Veeva Systems (VEEV) › Q2 FY26
Veeva Systems (VEEV) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Aug 29, 2025
Veeva Systems (VEEV) reported revenue of $789M for the second quarter fiscal 2026 (Q2 FY26), +17% from a year earlier and +4% from the quarter before. Operating margin was 24.8%, net earnings $200M (25.4% of revenue).
Veeva Systems, Q2 FY26: revenue $789M (+17% year over year), operating margin 24.8%, net earnings $200M, operating cash flow $238M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $789M | +4% | +17% |
| Gross profit | $594M | +1% | +17% |
| Operating profit | $196M | -16% | +18% |
| Net earnings | $200M | -12% | +17% |
| Operating cash flow | $238M | -73% | +157% |
What changed
Revenue was $789.1M in Q2 FY26, up 17% year over year and up 4% from the previous quarter. R&D Solutions was the largest line at 45% of revenue. R&D Solutions added $62.2M year over year (up 21%), 55% of the total change.
Gross margin was 75.3%, up 0.5 points from a year earlier. Operating profit was $195.9M, a 24.8% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 26% reached operating profit, above the 25% margin then. Operating expenses grew 17% against revenue growth of 17%. The fastest-growing cost line was General & admin (+56%). Net earnings were $200.3M, up 17% year over year. The effective tax rate was 24.5%. Non-operating items added $69.5M, 26% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $238.4M (up 157% year over year), 119% of net earnings. Non-cash charges added back $122.0M of share-based compensation. Working capital and other items used $83.8M.
Questions
What was Veeva Systems' revenue in the second quarter fiscal 2026?
Veeva Systems (VEEV) reported revenue of $789M for the second quarter fiscal 2026 (Q2 FY26), +17% from a year earlier and +4% from the quarter before.
Was Veeva Systems profitable in the second quarter fiscal 2026?
Operating profit was $196M (24.8% of revenue) and net earnings $200M.
Source: Veeva Systems 10-Q on SEC EDGAR.