Veeva Q1 revenue rises 17% to $759.0 million; GAAP net income up 41%
Veeva Systems reported fiscal 2026 first-quarter revenue of $759.0 million, up 17% from a year earlier, and GAAP net income of $228.2 million, up 41%. The company also gave fiscal 2026 revenue guidance of $3,090 million to $3,100 million and second-quarter revenue guidance of $766 million to $769 million, which matters to shareholders because it sets the near-term outlook for sales and profit.
Key points
- Total revenues were $759.0 million, up from $650.3 million a year earlier; subscription services revenues were $634.8 million, up 19%.
- GAAP diluted net income per share was $1.37, compared with $0.98 a year earlier; non-GAAP diluted net income per share was $1.97, compared with $1.50.
- Fiscal 2026 revenue guidance is $3,090 million to $3,100 million; non-GAAP operating income is about $1,360 million.
- Second-quarter guidance covers revenue of $766 million to $769 million, ending July 31, 2025.
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 28, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.