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Here's What Key Metrics Tell Us About Veeva (VEEV) Q2 Earnings

For the quarter ended July 2026, Veeva Systems (VEEV) reported revenue of $927.96 million, up 17.6% over the same period last year. EPS came in at $2.35, compared to $1.99 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $904.07 million, representing a surprise of +2.64%. The company delivered an EPS surprise of +5.86%, with the consensus EPS estimate being $2.22.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Veeva performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Non-GAAP Gross Margin- Professional services and other: 31.5% versus the six-analyst average estimate of 29.8%.
Non-GAAP Gross Margin- Subscription services: 86.6% versus the six-analyst average estimate of 86.3%.
Revenues- Subscription services: $766.76 million versus the seven-analyst average estimate of $753.97 million. The reported number represents a year-over-year change of +16.3%.
Revenues- Professional services and other: $161.2 million versus the seven-analyst average estimate of $150.02 million. The reported number represents a year-over-year change of +24.1%.
Revenues- Professional services and other- Veeva R&D Solutions: $101.46 million compared to the $95.17 million average estimate based on four analysts. The reported number represents a change of +23.4% year over year.
Revenues- Subscription services- Veeva R&D Solutions: $419.38 million versus $411.97 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +19.3% change.
Revenues- Subscription services- Veeva Commercial Solutions: $347.39 million versus the four-analyst average estimate of $342.25 million. The reported number represents a year-over-year change of +13%.
Revenues- Professional services and other- Veeva Commercial Solutions: $59.74 million compared to the $55.35 million average estimate based on four analysts. The reported number represents a change of +25.2% year over year.

View all Key Company Metrics for Veeva here>>>

Shares of Veeva have returned +22.7% over the past month versus the Zacks S&P 500 composite's +3.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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Veeva Systems Inc. (VEEV): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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