Quarterly ResultJun 5, 2026, 04:13 PM
Veeva Systems Q1 Revenue $882.9M (+16.3% YoY); Net Income $260.9M
AI Summary
Veeva Systems Inc. reported its first-quarter fiscal year 2026 results, with total revenues reaching $882.9 million, a 16.3% increase year-over-year. Net income grew by 14.3% to $260.9 million, and diluted EPS increased to $1.57. The company also announced the acquisition of Ostro for $90 million and continued its share repurchase program, buying back $221.1 million in stock during the quarter. Total assets grew to $9.13 billion.
Key Highlights
- Veeva Systems reported Q1 2026 revenue of $882.9 million, a 16.3% increase year-over-year.
- Net income for Q1 2026 was $260.9 million, up 14.3% from $228.2 million in Q1 2025.
- Diluted earnings per share (EPS) rose to $1.57 in Q1 2026, compared to $1.37 in Q1 2025.
- Total assets increased to $9.13 billion as of April 30, 2026, from $8.98 billion as of January 31, 2026.
- The company repurchased $221.1 million of common stock in Q1 2026.
- Veeva Systems acquired Ostro (Rise Healthcare Tech, Inc.) for $90 million in March 2026.
- Short-term investments stood at $5.42 billion as of April 30, 2026.
Price Impact
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