Q2 26 EPS
$1.99
BEAT +4.73%
Est. $1.90
Q2 26 Revenue
$789.1M
BEAT +2.65%
Est. $768.7M
vs S&P Since Q2 26
-49.2%
TRAILING MARKET
VEEV -32.8% vs S&P +16.3%
Market Reaction
Did VEEV Beat Earnings? Q2 2026 Results
Veeva Systems posted a clean beat across the board in fiscal Q2 2026, with non-GAAP diluted EPS of $1.99 coming in 4.73% ahead of the $1.90 consensus estimate while revenue of $789.08 million topped expectations by 2.65% and grew 16.7% year over year… Read more Veeva Systems posted a clean beat across the board in fiscal Q2 2026, with non-GAAP diluted EPS of $1.99 coming in 4.73% ahead of the $1.90 consensus estimate while revenue of $789.08 million topped expectations by 2.65% and grew 16.7% year over year. The standout driver behind the quarter's momentum was accelerating operating leverage, non-GAAP operating margin expanded to 44.7% from 41.4% a year ago, as the company's Vault CRM platform reached a significant inflection point, with over 100 customers live and seven of the top 20 biopharmas committed to the platform. A landmark partnership with IQVIA, which resolves all pending litigation between the two companies and enables seamless product interoperability, removed a meaningful competitive overhang heading into the back half of the fiscal year. Veeva raised its full-year fiscal 2026 revenue guidance to $3.13–$3.14 billion and non-GAAP EPS to approximately $7.78, while guiding Q3 revenue to $790–$793 million and EPS of $1.94–$1.95.
Key Takeaways
- • Subscription services revenue growth of 17% year over year to $659.2 million
- • Non-GAAP operating margin expanded to 44.7% from 41.4% year over year
- • Broad-based strength across all metrics, outperforming guidance
- • Vault CRM now has more than 100 customers live
VEEV YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
VEEV Revenue by Segment
With YoY comparisons, source: SEC Filings
“It's exciting to see our vision of connected software, data, and business consulting for life sciences becoming a reality.”
— Peter Gassner, Q2 2026 Earnings Press Release
VEEV Earnings Trends
VEEV vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
VEEV EPS Trend
Earnings per share: estimate vs actual
VEEV Revenue Trend
Quarterly revenue: estimate vs actual
VEEV Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $2.14 | $2.24 | +4.91% | $882.9M | +2.94% |
| Q4 26 BEAT FY | $1.94 | $2.06 | +6.45% | $836.0M | +3.08% |
| FY Full Year | $7.94 | $8.10 | +2.02% | $3.20B | +0.76% |
| Q3 26 BEAT | $1.95 | $2.04 | +4.55% | $811.2M | +2.35% |
| Q2 26 BEAT | $1.90 | $1.99 | +4.73% | $789.1M | +2.65% |
| Q1 26 BEAT | $1.74 | $1.97 | +12.98% | $759.0M | +4.22% |
| Q4 25 BEAT FY | $1.58 | $1.74 | +10.05% | $720.9M | +3.07% |
| FY Full Year | $6.45 | $6.60 | +2.29% | $2.75B | +0.82% |