Filing Flows › Veeva Systems (VEEV) › Q2 FY27
Veeva Systems (VEEV) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Aug 27, 2026
Veeva Systems (VEEV) reported revenue of $928M for the second quarter fiscal 2027 (Q2 FY27), +18% from a year earlier and +5% from the quarter before. Operating margin was 29.6%, net earnings $273M (29.5% of revenue).
Veeva Systems, Q2 FY27: revenue $928M (+18% year over year), operating margin 29.6%, net earnings $273M, operating cash flow $239M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $928M | +5% | +18% |
| Gross profit | $696M | +5% | +17% |
| Operating profit | $275M | +0.7% | +40% |
| Net earnings | $273M | +5% | +37% |
| Operating cash flow | $239M | -79% | +0.1% |
What changed
Revenue was $928.0M in Q2 FY27, up 18% year over year and up 5% from the previous quarter. R&D and Quality Solutions was the largest line at 45% of revenue. R&D and Quality Solutions added $67.7M year over year (up 19%), 49% of the total change.
Gross margin was 75.0%, down 0.3 points from Q2 FY26. Operating profit was $275.0M, a 29.6% margin (up 4.8 points year over year). Of the extra revenue versus Q2 FY26, 57% reached operating profit, above the 25% margin then. Operating expenses grew 6% against revenue growth of 18%. The fastest-growing cost line was Sales & marketing (+16%). Net earnings were $273.4M, up 37% year over year. The effective tax rate was 21.8%. Non-operating items added $74.5M, 21% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $238.7M (roughly flat year over year), 87% of net earnings. Non-cash charges added back $136.8M of share-based compensation. Working capital and other items used $171.5M.
Questions
What was Veeva Systems' revenue in the second quarter fiscal 2027?
Veeva Systems (VEEV) reported revenue of $928M for the second quarter fiscal 2027 (Q2 FY27), +18% from a year earlier and +5% from the quarter before.
Was Veeva Systems profitable in the second quarter fiscal 2027?
Operating profit was $275M (29.6% of revenue) and net earnings $273M.
Source: Veeva Systems 10-Q on SEC EDGAR.