Filing Flows › Veeva Systems (VEEV) › How it makes money
How Veeva Systems (VEEV) makes money
Veeva Systems (VEEV) made $928M of revenue in the second quarter fiscal 2027 (Q2 FY27), +18% from a year earlier. Subscription brought in $767M (83%); Professional services and other brought in $161M (17%). Of every dollar of revenue, 75¢ was left as gross profit, 30¢ was left as operating profit, 29¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 FY27
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Subscription | $767M | 82.6% | +5% | +16% |
| ↳ R&D and Quality Solutions | $419M | 45.2% | +7% | +19% |
| ↳ Commercial Solutions | $347M | 37.4% | +3% | +13% |
| Professional services and other | $161M | 17.4% | +6% | +24% |
| ↳ R&D and Quality Solutions | $101M | 10.9% | +7% | +23% |
| ↳ Commercial Solutions | $59.7M | 6.4% | +4% | +25% |
Where each dollar of revenue goes
| Line | Q2 FY27 | % of revenue |
|---|---|---|
| Revenue | $928M | 100.0% |
| Cost of revenue | $232M | 25.0% |
| Gross profit | $696M | 75.0% |
| Operating expenses | $421M | 45.4% |
| Operating profit | $275M | 29.6% |
| Income tax | $76.1M | 8.2% |
| Net earnings | $273M | 29.5% |
| Operating cash flow | $239M | 25.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 FY27 | $928M | +18% |
| Q1 FY27 | $883M | +16% |
| Q4 FY26 | $836M | +16% |
| Q3 FY26 | $811M | +16% |
| Q2 FY26 | $789M | +17% |
| Q1 FY26 | $759M | +17% |
| Q4 FY25 | $721M | +14% |
From Veeva Systems' 10-Q filed Aug 27, 2026 (on EDGAR).
Questions
How does Veeva Systems make money?
Veeva Systems (VEEV) made $928M of revenue in the second quarter fiscal 2027 (Q2 FY27), +18% from a year earlier. Subscription brought in $767M (83%); Professional services and other brought in $161M (17%). Of every dollar of revenue, 75¢ was left as gross profit, 30¢ was left as operating profit, 29¢ was left as net earnings.
What is Veeva Systems' biggest business?
Subscription: $767M in the second quarter fiscal 2027, 83% of revenue, +16% from a year earlier.
What is Veeva Systems' profit margin?
Net earnings were $273M, 29.5% of revenue, in the second quarter fiscal 2027; the operating margin was 29.6%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.