Veeva Systems Inc. filed its Form 10-Q with the U.S. Securities and Exchange Commission on August 27, 2026, covering the quarterly period ended July 31, 2026, and reporting condensed consolidated financial results for the three and six months ended on that date.

Key Highlights

  • Total revenues of $927,963 thousand for the three months ended July 31, 2026, compared with $789,081 thousand for the same period in the prior year, according to the filing.
  • Subscription revenues of $766,764 thousand for the second quarter of fiscal 2027, up from $659,183 thousand in the comparable prior-year quarter.
  • Operating income of $275,018 thousand for the three months ended July 31, 2026, versus $195,908 thousand in the three months ended July 31, 2025.
  • Total assets of $9,060,223 thousand as of July 31, 2026, compared with $8,979,343 thousand as of January 31, 2026.
  • Cash and cash equivalents of $1,812,012 thousand and short-term investments of $5,430,935 thousand as of July 31, 2026.
  • 161,908,850 shares of Class A common stock outstanding as of August 25, 2026, as reported on the cover page.
  • Deferred revenue of $1,310,498 thousand as of July 31, 2026, compared with $1,488,819 thousand as of January 31, 2026.

Veeva Systems Q2 Fiscal 2027 Revenue and Balance Sheet Overview

According to the filing, Veeva Systems Inc. (NYSE:VEEV) reported total revenues of $927,963 thousand for the three months ended July 31, 2026, compared with $789,081 thousand for the three months ended July 31, 2025. For the six months ended July 31, 2026, the company disclosed total revenues of $1,810,911 thousand, up from $1,548,124 thousand in the six months ended July 31, 2025. Subscription revenues accounted for $766,764 thousand of the quarterly total, with professional services and other revenues contributing $161,199 thousand.

The filing reported gross profit of $695,951 thousand for the three months ended July 31, 2026, against $593,828 thousand in the prior-year comparable period. Total operating expenses for the quarter were $420,933 thousand, composed of research and development expenses of $222,918 thousand, sales and marketing expenses of $126,701 thousand, and general and administrative expenses of $71,314 thousand. Operating income for the quarter was $275,018 thousand. Other income, net, was reported at $74,512 thousand for the quarter, resulting in income before income taxes of $349,530 thousand.

On the balance sheet as of July 31, 2026, the company reported total assets of $9,060,223 thousand, total liabilities of $1,628,774 thousand, and total stockholders' equity of $7,431,449 thousand. Retained earnings stood at $4,897,866 thousand, while accumulated other comprehensive loss was $(46,147) thousand. Goodwill was reported at $492,991 thousand as of July 31, 2026, compared with $439,877 thousand as of January 31, 2026, reflecting activity the filing attributes in part to acquisitions, as described in Note 2.

What Was Disclosed

Veeva Systems filed its quarterly report for the period ended July 31, 2026, disclosing revenues, operating income, balance sheet figures, and share count. The filing also contained forward-looking statements subject to the company's own cautionary language.