Filing Flows › Veeva Systems (VEEV) › Q3 FY26
Veeva Systems (VEEV) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Nov 21, 2025
Veeva Systems (VEEV) reported revenue of $811M for the third quarter fiscal 2026 (Q3 FY26), +16% from a year earlier and +3% from the quarter before. Operating margin was 29.7%, net earnings $236M (29.1% of revenue).
Veeva Systems, Q3 FY26: revenue $811M (+16% year over year), operating margin 29.7%, net earnings $236M, operating cash flow $193M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $811M | +3% | +16% |
| Gross profit | $612M | +3% | +17% |
| Operating profit | $241M | +23% | +33% |
| Net earnings | $236M | +18% | +27% |
| Operating cash flow | $193M | -19% | +17% |
What changed
Revenue was $811.2M in Q3 FY26, up 16% year over year and up 3% from the previous quarter. R&D Solutions was the largest line at 45% of revenue. R&D Solutions added $62.4M year over year (up 21%), 56% of the total change.
Gross margin was 75.4%, up 0.4 points from a year earlier. Operating profit was $240.9M, a 29.7% margin (up 3.8 points year over year). Of the extra revenue versus a year earlier, 53% reached operating profit, above the 26% margin then. Operating expenses grew 8% against revenue growth of 16%. The fastest-growing cost line was Sales & marketing (+12%). Net earnings were $236.2M, up 27% year over year. The effective tax rate was 24.5%. Non-operating items added $71.9M, 23% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $192.8M (up 17% year over year), 82% of net earnings. Non-cash charges added back $120.3M of share-based compensation. Working capital and other items used $163.7M.
Questions
What was Veeva Systems' revenue in the third quarter fiscal 2026?
Veeva Systems (VEEV) reported revenue of $811M for the third quarter fiscal 2026 (Q3 FY26), +16% from a year earlier and +3% from the quarter before.
Was Veeva Systems profitable in the third quarter fiscal 2026?
Operating profit was $241M (29.7% of revenue) and net earnings $236M.
Source: Veeva Systems 10-Q on SEC EDGAR.