EarningsQ2 2027 Earnings Report
MX:VEEV Q2 2027 EPS Results
Actual EPS$40.57
Consensus EPS$38.47
Beat/MissBeat by +$2.11
One Year Ago EPS$34.36
MX:VEEV Q2 2027 Revenue Results
Actual Revenue$16.02B
Expected Revenue$15.63B
Beat/MissBeat by +$389.89M
YoY Revenue Growth+17.60%
Earnings Announcement Details
QuarterQ2 2027
Date08/26/2026
TimeAfter Close
Conference CallWednesday, August 26, 2026
MX:VEEV Upcoming Earnings
Veeva Systems's next earnings date is estimated for November 26, 2026, based on past reporting schedules.
Q2 2027 Earnings Call Audio
MX:VEEV Q2 2027 Earnings Call
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Q2 2027 Earnings Slide Deck
Q2 2027 Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a predominantly positive operational and financial performance: revenue of $928M, non-GAAP operating income of $416M (~44.8% margin), strong commercial subscription growth (~13% YoY), record CRM results, and meaningful early traction in AI (Falcon) and Data Cloud. Management raised guidance and highlighted selective, disciplined investments (Aspen) and a healthy IQVIA partnership. Key risks centered on execution and timing for agentic AI (product readiness, onboarding capacity, pricing models), potential model-compute cost pressure, and staggered timing of R&D product ramps. Overall, highlights (strong revenue/profitability, CRM wins, AI interest, Data Cloud additions, guidance raise) materially outweigh the manageable near-term execution and timing lowlights.Company Guidance
Strong Quarter — Revenue and Profitability
Total revenue of $928 million and non-GAAP operating income of $416 million in Q2 FY2027, implying a non-GAAP operating margin of ~44.8%, with results coming in ahead of guidance.
Commercial Subscriptions Growth
Commercial subscription revenue grew ~13% year-over-year; management noted double-digit growth outside of Crossix, indicating broad-based strength across CRM, content, data, Crossix and recent add-ons.
Record CRM Performance and Strategic Wins
Management called it the best CRM quarter ever and announced multiple Vault CRM wins, including two large top-20 biopharma customers (Biogen and Regeneron), supporting confidence in CRM market leadership.
AI Momentum — Falcon Early Traction
High demand for Veeva Falcon with 5 early-adopter customers and first go-lives expected this year; management emphasized strong customer interest, fast value realization (minimal cutover/ETL) and rapid sales traction potential.
Data Cloud and Crossix Momentum
Added 14 Data Cloud customers in the quarter; Crossix continues to be a strong performer with ongoing growth in measurement and audiences, supporting commercial cloud expansion and digital advertising spend trends.
Disciplined Investment Approach (Aspen & M&A)
Aspen is being incubated as a small, agile start-up inside Veeva with limited upfront spend (not material to FY guidance); management remains selective on M&A (highlighting Copli as a successful tuck-in) and will scale investments with revenue.
Raised Guidance and Confident Outlook
Management noted they have raised guidance again in Q2 and expressed confidence in long-term R&D and commercial trajectories, citing strong product execution, partner relationships (IQVIA), and improving industry fundamentals.
MX:VEEV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed