Filing Flows › Veeva Systems (VEEV) › Q4 FY26
Veeva Systems (VEEV) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Mar 20, 2026
Veeva Systems (VEEV) reported revenue of $836M for the fourth quarter fiscal 2026 (Q4 FY26), +16% from a year earlier and +3% from the quarter before. Operating margin was 29.4%, net earnings $244M (29.2% of revenue).
Veeva Systems, Q4 FY26: revenue $836M (+16% year over year), operating margin 29.4%, net earnings $244M, operating cash flow $107M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $836M | +3% | +16% |
| Gross profit | $622M | +2% | +15% |
| Operating profit | $246M | +2% | +30% |
| Net earnings | $244M | +3% | +25% |
| Operating cash flow | $107M | -45% | +54% |
What changed
Revenue was $836.0M in Q4 FY26, up 16% year over year and up 3% from the previous quarter. Subscription was the largest line at 85% of revenue.
Gross margin was 74.5%, down 0.4 points from Q4 FY25. Operating profit was $245.9M, a 29.4% margin (up 3.3 points year over year). Of the extra revenue versus Q4 FY25, 50% reached operating profit, above the 26% margin then. Operating expenses grew 7% against revenue growth of 16%. The fastest-growing cost line was Sales & marketing (+11%). Net earnings were $244.2M, up 25% year over year. The effective tax rate was 23.1%. Non-operating items added $71.7M, 23% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $106.8M (up 54% year over year), 44% of net earnings. Non-cash charges added back $118.3M of share-based compensation. Working capital and other items used $255.6M.
Questions
What was Veeva Systems' revenue in the fourth quarter fiscal 2026?
Veeva Systems (VEEV) reported revenue of $836M for the fourth quarter fiscal 2026 (Q4 FY26), +16% from a year earlier and +3% from the quarter before.
Was Veeva Systems profitable in the fourth quarter fiscal 2026?
Operating profit was $246M (29.4% of revenue) and net earnings $244M.
Source: Veeva Systems 10-K on SEC EDGAR.