Filing Flows › Veeva Systems (VEEV) › Q4 FY25
Veeva Systems (VEEV) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Mar 24, 2025
Veeva Systems (VEEV) reported revenue of $721M for the fourth quarter fiscal 2025 (Q4 FY25), +14% from a year earlier and +3% from the quarter before. Operating margin was 26.1%, net earnings $196M (27.1% of revenue).
Veeva Systems, Q4 FY25: revenue $721M (+14% year over year), operating margin 26.1%, net earnings $196M, operating cash flow $69.5M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $721M | +3% | +14% |
| Gross profit | $540M | +3% | +18% |
| Operating profit | $188M | +4% | +39% |
| Net earnings | $196M | +5% | +33% |
| Operating cash flow | $69.5M | -58% | +20% |
What changed
Revenue was $720.9M in Q4 FY25, up 14% year over year and up 3% from the previous quarter. R&D Solutions was the largest line at 44% of revenue.
Gross margin was 74.9%, up 2.5 points from a year earlier. Operating profit was $188.4M, a 26.1% margin (up 4.7 points year over year). Of the extra revenue versus a year earlier, 59% reached operating profit, above the 21% margin then. Operating expenses grew 9% against revenue growth of 14%. The fastest-growing cost line was General & admin (+21%). Net earnings were $195.6M, up 33% year over year. The effective tax rate was 20.2%. Non-operating items added $56.7M, 23% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $69.5M (up 20% year over year), 36% of net earnings. Non-cash charges added back $115.2M of share-based compensation. Working capital and other items used $241.3M.
Questions
What was Veeva Systems' revenue in the fourth quarter fiscal 2025?
Veeva Systems (VEEV) reported revenue of $721M for the fourth quarter fiscal 2025 (Q4 FY25), +14% from a year earlier and +3% from the quarter before.
Was Veeva Systems profitable in the fourth quarter fiscal 2025?
Operating profit was $188M (26.1% of revenue) and net earnings $196M.
Source: Veeva Systems 10-K on SEC EDGAR.