Income StatementBalance SheetCash FlowSegments
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Veeva Systems Business Segments

Business, geographic, and product segment breakdowns

Veeva Systems generates $3.2B in annual revenue across 2 key segments: Professional services and other ($419.1M), and Subscription ($362.9M). The company-wide operating margin is 28.68%. Based on the Q1 2026 filing.

Professional services and other (TTM)$419.1MSubscription (TTM)$362.9M
Latest FilingQ1 2026
Report Date2026-03-20
Market Cap$26.7B
P/E Ratio29.42
ROE13.93%

Products & Services

Total revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commercial Solutions$278.4M$293.4M$305.4M$307.5M$317.7M$327.0M
R&D and Quality Solutions$294.9M$294.9M$80.5M$80.5M$80.5M$80.5M
Veeva Commercial Cloud$45.9M$45.6M$46.6M$47.7M$47.5M$47.6M
R&D Solutions$72.5M$66.7M$77.7M$82.2M$81.3M—

Total cost of revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Professional services and other$91.8M$97.5M$95.5M$101.4M$105.3M$116.9M
Subscription$82.6M$83.5M$78.3M$93.8M$94.2M$96.5M

Unbilled accounts receivable

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Professional services and other$39.0M$33.0M$40.0M$42.0M$45.0M$40.0M
Subscription$6.0M$8.0M$8.0M$8.0M$13.0M$11.0M

Geographic

PP&E (Net)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America$47.7M$47.1M$47.6M$49.2M$52.8M$54.1M
Europe$5.9M$6.8M$7.1M$7.6M$9.2M$11.0M
Asia Pacific$1.2M$1.3M$3.2M$3.8M$3.5M$4.2M
Middle East, Africa, and Latin America$824.0K$695.0K$582.0K$627.0K$688.0K—

Total revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America$414.5M$429.7M$459.5M$468.0M$483.5M$492.3M
Europe$198.7M$203.9M$217.1M$232.7M$238.3M$251.5M
Asia Pacific$68.7M$69.8M$65.4M$70.1M$71.1M$73.5M
Other international$17.1M$17.1M$18.0M$18.0M$18.0M$18.0M
Middle East, Africa, and Latin America$17.4M$17.6M$17.1M$18.2M$18.3M—

Business Segments

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenues$699.2M$720.9M$759.0M$789.1M$811.2M$836.0M
Operating Income (Loss), Adjusted$304.0M$307.7M$349.9M$352.6M$364.9M$366.5M
Net Income$185.8M$195.6M$228.2M$200.3M$236.2M$244.2M
R&D$124.4M$134.4M$136.1M$139.3M$139.1M$148.0M
Other segment items$122.7M$119.3M$116.2M$156.7M$124.1M$120.6M
Sales and marketing$73.9M$74.1M$73.5M$81.2M$83.4M$83.0M
Income tax provision$56.5M$49.5M$70.6M$65.1M$76.6M$73.3M
Other income, net$60.9M$56.7M$65.1M$69.5M$71.9M$71.7M
G&A$38.3M$39.4M$41.4M$38.7M$42.1M$42.1M